April 9, 2014

FDIC study indicates community banks holding their own, while smaller banks dwindle

As the banking industry has consolidated during the past 30 years, community banks have “remained resilient,” according to a study released Wednesday by the Federal Deposit Insurance Corp., while ultra-small banks have dwindled in number.

The FDIC identifies community banks as those with $100 million to $10 billion in assets.
Banks of this size have increased in both number and in total assets since 1985, according to the study. A subset of this group, those banks with $100 million to $1 billion in assets, increased by 7 percent from 1985 to 2013, while those with $1 billion to $10 billion increased…

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