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Same Name, New Businesses: Evolution in the Bank Holding Company

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Abstract

When we think of banks, we typically have in mind our local bank branch that stores deposits and issues mortgages or business loans. Prima facie there is nothing wrong with this image. After all, there are still almost 6,000 unique commercial banks in the United States that specialize in deposit-taking and loan-making; when we include thrifts and credit unions, this number more than doubles. What we typically forget, however, is that most commercial banks are subsidiaries of larger bank holding companies (BHCs), and in fact nearly all commercial bank assets fall under such BHCs. This post presents a first in-depth analysis of the evolving organizational structure of U.S. bank holding companies over the last twenty-five years. We present a unique new database that details BHC structure at a level previously unavailable in any systematic way.

Suggested Citation

  • Nicola Cetorelli & Samuel Stern, 2015. "Same Name, New Businesses: Evolution in the Bank Holding Company," Liberty Street Economics 20150928, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87063
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    Cited by:

    1. Linda S. Goldberg & April Meehl, 2020. "Complexity in Large U.S. Banks," Economic Policy Review, Federal Reserve Bank of New York, vol. 26(2), pages 1-29, March.
    2. Correa, Ricardo & Goldberg, Linda S., 2022. "Bank complexity, governance, and risk," Journal of Banking & Finance, Elsevier, vol. 134(C).
    3. Beverly Hirtle & Anna Kovner & Matthew Plosser, 2020. "The Impact of Supervision on Bank Performance," Journal of Finance, American Finance Association, vol. 75(5), pages 2765-2808, October.
    4. Nicola Cetorelli & Michael G. Jacobides & Samuel Stern, 2021. "Mapping a sector's scope transformation and the value of following the evolving core," Strategic Management Journal, Wiley Blackwell, vol. 42(12), pages 2294-2327, December.

    More about this item

    Keywords

    Organizational structure; Bank holding companies; Subsidiary types;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services

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