More than 10,000 community banks have exited banking through failure, mergers, and acquisitions since 1984. In the mid to late 1980’s, there were roughly 15,000 community banks providing financial services to their local communities. Thirty years later there is only one-third as many community banks, many of which have total assets less than $100 million. These ag banks tend to be small with a limited number of employees, and banks acquiring ag banks tend to be about four times larger than the banks they acquire. The clear majority of acquisitions of ag banks were by other community ag banks through merger and acquisition.
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