Use in Anti-trust Proceedings
When two banks merge, a survey is done to ensure that the combined deposit market shares will be no larger than 25% in a particular state, or 10% nationally. If one or both of those percentages are higher than allowed, the banks can elect to still do the merger but they would need to divest (i.e. sell off branches and customer accounts) enough branches to get them within the guidelines.
Read more about this topic: Deposit Market Share
Famous quotes containing the words anti-trust and/or proceedings:
“I think we will live through his term, Archie, and I’ll tell you something, old man, if they don’t stop hammering me, first Bryan for not enforcing the Anti-Trust Law and Wall Street for enforcing it, they may succeed in electing me to another term whether I want it or not.”
—William Howard Taft (1857–1930)
“From his proceedings in Congress, he appears demented, and his actings and doings inspire my pity more than anger.”
—Andrew Jackson (1767–1845)