Regional and small banks also tend to develop expertise that businesses rely on. Take Silicon Valley Bank, the go ... That specialization, ironically, is now part of the dilemma facing banks.

Regional specialization created new gains in productivity but also created new inequalities across states as capital-intensive industries increasingly clustered in the Northeast, ...

That specialization, ironically, ... Hockett argues, we risk letting the Wall Street banks gobble up their smaller competition when those regional lenders fail. After all, ...