Abstract

Riegle-Neal altered the landscape of American banking by eliminating the prohibitions against interstate banking and branching and paving the way for the consolidation of the American banking system, it has created fewer, stronger banks which service their customers with no significant change in costs through an expanded branching network. Additionally the number of employees, salaries, and net income increased. The pessimism of those who opposed banking reform and the elimination of geographic restrictions on American banks appears unfounded.