Banking Consolidation and Small Business Lending
Historically, banks in the U.S. have been subject to myriad restrictions on their geographic expansion. At the beginning of the century, most states allowed banks to only have one office. In time, multi-office banks were permitted, provided that the offices were located within the institution's home state.
Suggested citation: “Banking Consolidation and Small Business Lending,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-03, pp. 15-17, 03.01.1997.