Lyn Alden
· 182w
I doubt it.
Small industry-specific banks will fail while the large and diversified ones will pick up the business.
This continues a trend of more and more bank assets consolidating towards the top.
I have a couple of larger banking customers and this is 100% what happens. One of mine is so good at doing it, that the govt essentially gives them first right of refusal in purchasing these failed banks because they can integrate and take over quickly.