3  See Roisin McCord and Edward Simpson Prescott (2014), “The Financial Crisis, the Collapse of Bank Entry, and Changes in the Size Distribution of Banks,” Federal Reserve Bank of Richmond, Economic Quarterly, vol. 100 (First Quarter), pp. 23-50, available at https://www.richmondfed.org/publications/research/economic_quarterly/2014/q1/prescott. 4 Robert M. Adams and Jacob Gramlich (2016), “Where Are All the New Banks?
The Role of Regulatory Burden in New Bank Formation,” Review of Industrial Organization, vol. 48 (March), pp. 181-208. -5The sharp difference in trends for the number of banks with less than $ million in assets compared with larger community banks naturally leads to the question of whether this difference is reflected in basic bank performance measures. I will begin with return on assets (ROA).