What are "in-market" mergers, Corporate Finance

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What are "in-market" mergers?

A:
An in-market merger is one that takes place between two banks operating in the same geographic area, typically a city or metropolitan area. The merged institution often ends up with more than one branch in the same neighborhood and as a result may close overlapping offices. All mergers whether within a market or not result in some redundancies, and therefore present opportunities to save costs by eliminating certain internal systems or merging some products and services.


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