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Beginning of Paper
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The Merger of Banks
A mental picture that is simple to formulate is the look on the
neighborhood mortgage banker's face if a would-be customer walked in
without warning and without proof of having any financial worth himself,
and proceeded to announce that he had found a property without any great
disti ....
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Middle of Paper
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.... and thrift companies
for the purpose of acquiring some of their competitors. During the spring
quarter, the bank acquisition budget was limited to $7.8 billion (Elstein,
1997). While banking certainly is not the only industry indulging in the
mad merger race, it does appear to be the largest in the country by most
estimates.
Houlihan Lokey Mergerstat of Los Angeles says that the total spent
by the financial sector alone for mergers and acquisitions for the first
nine months of 1997 totaled $145 billion, meaning that the first quarter
total was around was in the neighborhood of $114 bi ....
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SUBJECTS
