WHERE THE MONEY IS

摘要

When individual states began passing legislation that allowed Bank Holding companies to acquire institutions in neighboring states back in the mid-1980s, there were around 15,000 commercial banks and more than 3,000 savings institutions in the United States. Regional franchises began to be created, and banks took advantage of the opportunity to achieve economies of scale and access new markets. In the aftermath of the savings and loan crisis that came to head in the late 1980s, Congress passed the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 that allowed for real interstate banking.