Community Bank Failures Have Little Impact

The acquisitions of failed community banks by larger healthy banks appear to have mitigated potentially negative impact of the failures on their communities, according to a report by the U.S. Government Accountability Office.

  • 04 Jan 2013

The acquisitions of failed community banks by larger healthy banks appear to have mitigated potentially negative impact of the failures on their communities, according to a report by the U.S. Government Accountability Office. The GAO report blamed the failures largely on credit losses on commercial loans.

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