Variable

Full Sample

$1B Definition

Full Sample

$10B Definition

Post-Crisis Sample

$1B Definition

Post-Crisis Sample $10B Definition

Mean

St Dev

Mean

St Dev

Mean

St Dev

Mean

St Dev

$1000s Change in Lending

D_Lending_Increased

Change in Commitment

D_Commitment_Increased

CB Acquirer, (1,0) county

CB Acquirer, (0,1) county

Non-CB Acq, (1,1) county

Non-CB Acq, (1,0) county

Non-CB Acq, (0,1) county

County Population Change

Unemployment Rate Chg.

Per-Capita Income Chg.

Per-Capita Business Bankruptcy Chg.

Per-Capita Personal Bankruptcy Chg.

Ratio of Acq. to Tgt. Assets

−1981.10

0.41

−0.02

0.34

0.25

0.19

0.13

0.18

0.07

9486.09

−0.09

2523.70

0.000

0.000

−

17,524.47

0.50

0.03

0.49

0.26

0.12

0.13

0.33

0.11

17,861.70

1.98

2886.05

0.00

0.00

−

−1902.26

0.40

−0.02

0.34

0.39

0.24

0.03

0.03

0.01

9580.50

−0.10

2532.74

0.000

0.000

−

18,782.58

0.50

0.02

0.49

0.47

0.19

0.11

0.49

0.10

17,277.75

2.19

2899.33

0.00

0.00

−

−3101.73

0.38

−0.02

0.35

0.26

0.20

0.12

0.16

0.06

11,699.88

−1.44

2727.76

0.000

0.000

9.87

14,367.58

0.49

0.03

0.49

0.30

0.17

0.17

0.40

0.13

19,637.28

1.14

3137.86

0.00

0.00

30.56

−2980.13

0.38

−0.02

0.35

0.40

0.25

0.01

0.02

0.01

11,742.86

−1.46

2730.36

0.000

0.000

9.49

14,478.35

0.49

0.03

0.49

0.47

0.24

0.12

0.38

0.13

19,787.17

1.11

3020.19

0.00

0.00

28.11

Number of Observations

Number of Mergers

66,882

1280

-

-

89,504

1366

-

-

12,336

477

-

-

15,734

511

-