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- Publisher
- Springer Journals
- Copyright
- Copyright © 2004 by Kluwer Academic Publishers
- Subject
- Finance; Financial Services; Macroeconomics/Monetary Economics//Financial Economics
- ISSN
- 0920-8550
- eISSN
- 1573-0735
- DOI
- 10.1023/B:FINA.0000020656.65653.79
- Publisher site
- See Article on Publisher Site
Abstract
We review how deregulation, technological advance, and increased competitive rivalry have affected the size and health of the United States community banking sector and the quality and availability of banking products and services. We then develop a simple theoretical framework for analyzing how these changes have affected the competitive viability of community banks. Empirical evidence presented in this paper is consistent with the model’s prediction that regulatory and technological change has exposed community banks to intensified competition on the one hand, but on the other hand has left well-managed community banks with a potentially exploitable strategic position in the industry. We also offer an analysis of how the number and distribution of community banks may change in the future.
Journal
Journal of Financial Services Research – Springer Journals
Published: Sep 30, 2004