I mean this is just, it's perfect. People who have good faith in conservative Dems really are absolute morons
https://theintercept.com/2018/05/16/wall-street-bank-regulation-bill/
"In anticipation of the Crapo bill’s passage, the rush to deal has already begun. First Virginia Community Bank, which is around the $1 billion threshold, announced a merger with Colombo Bank earlier this month. In March, Civista, an Ohio-based firm, bought United Community Bank of Indiana, creating a $2.1 billion combined institution. At the higher end of the asset scale, BancorpSouth, with $17 billion in assets, purchased the $794 million Icon Bank in April. Associated Banc-Corp of Green Bay, Wisconsin, with $30 billion in assets, made plans to buy Diversified Insurance in February, along with Bank Mutual Corp.
In its report, FJ Capital Management estimated that the total number of chartered banks would decline by 50 percent over the next 10 to 15 years. That’s precisely the opposite of what the ringleaders of the Crapo bill on the Democratic side — Heitkamp, Tester, and Joe Donnelly of Indiana, all from predominantly rural states — hoped the bill would provoke. But they may have known who really wanted this legislation, if they looked into their own campaign finance filings.
According to data from the Center for Responsive Politics, Heitkamp, Donnelly, and Tester shot to the top of the list of senators receiving money from the financial industry in 2017, gathering $408,176. And prominent on that list are banks just under the $50 billion threshold. Employees of Signature Bank, a $41 billion bank based in New York, have given $112,000 to Democratic senators in the 2017-2018 election cycle, eight times as much as the 2015-2016 cycle with six month to go. Campaign finance data shows 45 Signature Bank donors for Donnelly and 38 for Heitkamp..."
So basically now that mid size banks aren't concerned with the 50 billion regulatory threshold they are gobbling up community banks and consolidating them. Great.