Bank Start-ups May Hit Four-Year High in '06

Hahn, Avital Louria
May 2006
Investment Dealers' Digest;5/15/2006, Vol. 72 Issue 19, p8
Trade Publication
The article reports on the acceleration of new bank formation as well as bank consolidation in the wake of Wachovia's proposed 26 billion dollars deal for Golden West Financial in the U.S. Mike Raab, a financial analyst at SNL Financial LC, discloses that about 134 banks started operating in 2006. He also states that most of the new entrants are community banks from California, Florida and Texas.


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