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Mergers, branch consolidation and financial exclusion in the US bank market

Author

Listed:
  • Joan Calzada

    (Universitat de Barcelona)

  • Xavier Fageda

    (Universitat de Barcelona)

  • Fernando Martínez-Santos

    (Universidad San Pablo CEU)

Abstract

We analyze the role of bank mergers as determinants of the evolution of branch presence at the county level. Panel regressions based on county-level branch density are used to study differences across urban versus rural counties as well as pre- and post-crisis. The results indicate that bank mergers contributed to the increase of branches in the pre-crisis period and to its reduction in the post-crisis period, but the expansion effect of the mergers before the crisis mainly took place in metropolitan counties. Additional results show that broadband penetration has contributed to the reduction in the number of branches after the crisis and that branch closures are associated with an increase in the share of unbanked and underbanked households at the county level.

Suggested Citation

  • Joan Calzada & Xavier Fageda & Fernando Martínez-Santos, 2019. "Mergers, branch consolidation and financial exclusion in the US bank market," UB School of Economics Working Papers 2019/397, University of Barcelona School of Economics.
    • Handle: RePEc:ewp:wpaper:397web
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    File URL: http://hdl.handle.net/2445/146681
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    Citations

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    Cited by:

    1. Erel, Isil & Liebersohn, Jack, 2022. "Can FinTech reduce disparities in access to finance? Evidence from the Paycheck Protection Program," Journal of Financial Economics, Elsevier, vol. 146(1), pages 90-118.
    2. Prieger, James, 2023. "Local banking markets and barriers to entrepreneurship in minority and other areas: Does broadband availability help?," MPRA Paper 118102, University Library of Munich, Germany.
    3. Prieger, James E., 2023. "Local banking markets and barriers to entrepreneurship in minority and other areas," Journal of Economics and Business, Elsevier, vol. 124(C).

    More about this item

    Keywords

    Bank branches; Mergers; Competition; Broadband; Financial Exclusion; United States.;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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