Banking Insights: District Holding Company Acquisitions on the Rise
Last Updated: 11/30/77
Holding company acquisitions of commercial banks in the states comprising the Seventh Federal Reserve District returned to an upward trend during 1976. The renewed activity followed a peak in 1974 and a slowdown in 1975. Nationwide, holding companies did not follow the District trend, as the absolute number of commercial banks acquired by holding companies during 1976 shrank for the third consecutive year.