Which Banks Make the Best Acquisition Targets?
Have you heard? The number of banks in the U.S. is dropping.
You may already know that, since everyone from the Richmond Fed to Barron's has been writing about it for years.
According to the Federal Deposit Insurance Corp., the total number of commercial banks in the U.S. at the end of 2019 was 4,519. At the end of 2009, it was 6,829, and at the end of 1999, it was 8,582. That's a drop of close to 50% in 20 years.
Source Fool.com
