Bank merger premiums jumped last year, driven by a scarcity of banks in attractive markets.

For the 10 largest deals unveiled in 1992, the average price was 1.98 times the book value of the bank being bought. That's up from 1.5 times book in 1991.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.