"It's hard to imagine that remote parts of the country are going to be served by these larger consolidated banks. If the trend continues, we're going to see fewer community banks and more substitutions that would not be under the same scrutiny."

BCG's Marshall Lux examines the Dodd-Frank Act.

BCG's Marshall Lux coauthored a working paper— The State and Fate of Community Banking—on the dramatic changes that have occurred in the US banking sector in recent years. The paper was referenced by the Financial Times in a recent article on the effect of the Dodd-Frank Act on community banks. "It's hard to imagine that remote parts of the country are going to be served by these larger consolidated banks. If the trend continues, we're going to see fewer community banks and more substitutions that would not be under the same scrutiny," Marshall explained to the Financial Times.

Financial Times