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An overview and analysis of community bank mergers
With some of the largest mergers in history now taking place in the financial services industry, the fact that consolidation is also occurring among small banking institutions is often overlooked. The factors that are promoting consolidation in the banking industry are also relevant for the smallest banks, namely the need to spread the cost of technological and administrative overhead and the desire to maintain earnings growth. With limited growth opportunities in many rural communities, smaller banks often choose to merge with other nearby rural banks as the means to gain asset size and ...
Technology outsourcing : a community bank perspective
This article provides an overview of the technology industry that has evolved to provide technology outsourcing services for community banks, and the risk management issues associated with outsourcing. The service provider industry is in a transition phase being brought about by changing economic fundamentals in banking and in information technology. These factors have contributed to significant consolidation among the technology companies that serve the banking industry, especially among technology firms offering core processing services. Accordingly, the array of firms serving the national ...
Financial modernization : a new world or status quo?
The passage of the Gramm-Leach-Bliley Act (GLB) in 1999 was a milestone in financial services regulation. GLB repealed restrictions dating back to the Depression against the commingling of securities, insurance and other financial service activities within a banking organization. While still a relatively recent event, observers ponder the early, practical impact of this legislation on the scope of activities conducted by Tenth District organizations. Our banker survey provides some revealing results on the extent of early adoption and the views of Tenth District bankers as to the perceived ...