Geographic deregulation of banking and economic growth.

In 1963 13291 U banks operated 13581 branches. by dint of 1997, the number of banks ferocious to 9143 while the number of branches mushroomed to 60320 (Radecki 1998) Changes in geographic banking markets arising from bank deregulation l to tremendous increase in branch networks. Consequently, understanding the events of bank deregulation on economic performance (eg within a state) has gained increasing importance, particularly above the last decade as bank consolidations reached record numbers and unit banking approached extinction. The Riegle-Neal Act of 1994 permitted interstate banking and branching and undoubtedly escalated consolidation in banking.

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