Newsbytes Podcast: How Banks Choose Their Own Destinies in a World of Consolidation

On the latest episode of the Newsbytes Podcast, guests Brittany Kleinpaste and Monica C. Meinert discuss the ongoing macro-trend of bank consolidation — why it’s happening, how it’s accelerated over the past decade and what strategies banks are employing to determine their own destiny.

Brittany, who leads ABA’s staff task force on bank consolidation, outlines the five key factors driving consolidation and articulates the role of the de novo drought in amplifying the decline in total bank charters, which have fallen from 18,000 three decades ago to less than 6,000 today. Monica discusses her recent ABA Banking Journal article on strategies banks are employing to forge an independent path, including an employee buyout and a merger of equals via a mutual holding company.

Co-hosts Evan Sparks and Shaun Kern tackle the news of the day, including CFPB Director Richard Cordray’s resignation announcement, the Senate confirmation of new Comptroller of the Currency Joseph Otting and the bipartisan regulatory relief deal struck by senators. We spotlight the 2018 edition of ABA’s Handbook of Bank Insurance Compliance and invite listeners to participate in a brief survey — and we wrap up with a few lighthearted rules for your family’s Thanksgiving touch football game.

If you can’t see the audio player above, click here to listen to this week’s episode.

In this episode:

Brittany Kleinpaste
ABA Vice President
Economic Research

Monica C. Meinert
Associate Editor
ABA Banking Journal

Evan Sparks
ABA Banking Journal

Shaun Kern
Senior Counsel
ABA Office of Regulatory Policy