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Often times bank mergers take place because there are too many banks, too many branches, and too many competitors. A merger is when two companies combine to form a larger more powerful firm. Many economist have opposing view points on the role that mergers play in the economy. In the past five years many mergers have occurred in the banking industry for example; Chase Manhattan and Chemical Bank, BankAmerica and NationsBank, and Banc One and …

…way to many non bank competitors in the business, that can do the job more efficiently and at a lower rate. The Internet is a major threat to the industry if these banking companies do not invest in new technology they are going to even more customers to PC banking, software companies and Internet investing and loan companies, that provide an inexpensive ways of doing banking for them, taking out loans and mortgages for them.