The authors describe this finding as consistent with a redirection of funding for small business loans to localities served by the acquirer. This paper finds that acquisitions of community banks by non-local acquiring banks (without a local presence) lead to declines in local small business lending. How Important are Local Community Banks to Small Business Lending? Evidence from Mergers and AcquisitionsĪuthors: Julapa Jagtiani, Federal Reserve Bank of Philadelphia Raman Maingi, Federal Reserve Bank of Philadelphia banks after the financial crisis, small business lending remained depressed, particularly among large banks and banks in worse financial condition. The author finds that, despite a recovery of overall business lending by U.S. Recover After the Financial Crisis?Īuthor: Rebel Cole, Florida Atlantic University Small Business Lending Did Bank Small-Business Lending in the U.S. Louis President James Bullard and CSBS President and CEO John Ryan.įor more information, please contact Papers, Authors and Key Findings Other guest speakers include CSBS Chairman and Mississippi Department of Banking and Consumer Finance Commissioner Charlotte Corley FDIC Chairman Jelena McWilliams Federal Reserve Bank of St. Quarles, and Beneficial Bank’s President and CEO Gerard Cuddy. Mester, Federal Reserve Vice Chairman for Supervision Randal K. This year’s keynote speakers are Federal Reserve Bank of Cleveland President Loretta J. Community bankers contribute to an annual national survey prior to the conference and then participate directly in the conference by serving as keynote speakers and panelists and by providing feedback to the research presented. Academics explore issues raised by the industry in a neutral, empirical manner and present their findings at the conference. The conference presents an innovative approach to the study of community banks.
The conference brings together community bankers, academics, policymakers and bank regulators to discuss the latest research on community banking. The sixth annual Community Banking in the 21st Century research and policy conference-sponsored by the Federal Reserve System, the Conference of State Bank Supervisors (CSBS) and the Federal Deposit Insurance Corp.
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