Data Type and Variables

Data Sources

Data Period

Small Business Lending

$ SBL loans amount that each bank made in each county in each year

For CRA Reporters: $ SBL are from the Community Reinvestment Act Disclosure Reports that are submitted annually

For CRA Non-Reporters: $ SBL are calculated based on each bank’s total SBL from the Call Report Data and the fraction of activities allocated to each county from the FDIC Summary of Deposits Data

Data period includes one year prior to the M&A date and one year after the M&A completion date—thus, data period is from 2001-2015

Mergers & Acquisitions:

Target vs. Acquirer

Date of acquisition

Name of target/acquirer

Location of target/acquirer

Ticker/ID of target/acquirer

SNL Financial M&A Database

For all mergers that took place during 2002-2014.

Bank Structure

This dataset allows us to identify all the bank subsidiaries under each of the BHCs in each year and its location. Thus, it allows us to identify (for each merger) whether a county is a target-only, acquirer-only, or both.

Federal Reserve Structure Data

Matching the data with each merger transaction as of merger announcement date (2002-2014)

Economic Factors: Unemployment

Per-capita income

Personal bankruptcy rate

Business bankruptcy rate

County population density

etc.

Haver Analytics Database

Local economic data in each county as of merger announcement date (2002-2014)