Bank buyers beware. Aggressive acquisition strategies are taking a toll on core deposit growth at major U.S. banks, a study by First Manhattan Consulting Group has found.

After analyzing the 30 largest banks and adjusting for their acquisitions, First Manhattan said core deposits at the 10 most active acquirers had dropped an average 5.2% from 1993 through 1997.

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.