Why Big Banks May Mean Big Problems

As an investment banker for small, closely held companies in New England, I find that bank loans are more difficult to arrange than in prior years, due to the concentration of assets among the larger banks ("Trillion dollar banks," Cover Story, Apr. 27). If a Massachusetts company is seeking a $3 million to $5 million loan package to recapitalize and update its machinery and building, this amount isn't large enough to interest any of the three largest banks that control some 48% of the banking assets in the state.

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