Keywords: Bank consolidation, small business loans
Abstract: The paper uses data on the volume outstanding of small business loans
from the midyear Call Reports to summarize the nature of small
business lending at banks that were involved in mergers between June
1993 and June 1996. Then a model of gradual adjustment by the
consolidated bank following the merger is estimated to determine
whether the portfolio share of small business loans at the
consolidated bank tends to move over time toward either the
pre-merger share at the acquiring bank or the typical share at other
banks of roughly the same size as the consolidated bank.
Full paper (205 KB PDF)
| Full paper (399 KB Postscript)
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Last update: July 16, 1997