I’ve recently been doing quite a bit of looking at the small community bank segment. Today’s New York Times has a great article about them: Little Banks Learn to Compete With Merger Mania.
Over all, community banks, which generally include banks with fewer than 100 branches, had a 7 percent increase in deposits during the five years ended in June 2002, according to the First Manhattan Consulting Group in New York. By contrast, the 30 banks with the country’s largest consumer divisions gained only 1 percent in deposits after subtracting customers added through acquisitions.
There’s an obvious moral to that story…
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