Bank Consolidations and Minority Neighborhoods

David N. Figlio*, Joseph W. Genshlea

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

5 Scopus citations


This paper explores the relationship between neighborhood racial composition and the level of banking services. We use unique census tract-level data on banking services and neighborhood characteristics in Alameda County, California, from points in time before and after the recent wave of bank consolidations to eliminate as well as possible the potential for omitted variables bias that could plague cross-sectional study of the issue. Using a variety of specifications and numerous sensitivity checks, we find that minority neighborhoods (particularly black neighborhoods) are less likely to have banking services, and are more likely to lose services during bank consolidations.

Original languageEnglish (US)
Pages (from-to)474-489
Number of pages16
JournalJournal of Urban Economics
Issue number3
StatePublished - May 1999

ASJC Scopus subject areas

  • Economics and Econometrics
  • Urban Studies


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