The pace of consolidation in the banking industry accelerated sharply in the first half of 1993, according to an American Banker survey.

In just six months, the 100 largest U.S. bank holding companies boosted their total assets by a whopping $124 billion, or 5%, to $2.6 trillion. That far surpasses the $115 billion gain posted by the 100 largest banks for all of 1992.

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