John Ryan, president/CEO of the Conference of State Bank Supervisors, made the point at a recent industry meeting in Des Moines that all of the net industry consolidation in the last 20 years has taken place among banks with fewer than $100 million in assets. Furthermore, he said, banks with fewer than $100 million in assets have the lowest rate of failure. Draw your own conclusions about why all the consolidation among those banks – certainly an inability to deal with excessive regulation is a plausible theory.
Over-regulation is a two-fanged snake for smaller . . .