Annual time series data show that from 1790 through 2010 only about 1 percent of U.S. commercial banks failed each year on average. Many community banks, including mutual savings banks and local commercial banks, provided valuable intermediation services for decades before failing or, more...

We investigate how competing logics facilitate resistance to institutional change, focusing on banking professionals' resistance to large, national banks' acquisitions of smaller, local banks. Acquisitions led to new bank foundings, particularly when out-of-town banks were the acquirers and a...

I examine the spillover effect of a bank default on its neighboring banks over the 2007Q1-2015Q4 period propagating through the disrupted local economic activity in areas the failed institution was operating in through its branches. The results show that the affected neighboring banks'...