The new era of banking that started after the Financial Crisis, consists of much higher regulatory and capital requirements.  This has reduced returns in the industry but arguably has made the banking system more financially sound.  It should come as no surprise that smaller banks have been more negatively impacted and are losing market share, as the costs to do business are up significantly.  The article below states that the top 5 banks now control 44% of total assets in the industry.  I believe that we can expect an era of consolidation in the Savings & Loan industry to gain critical mass to offset the higher costs.  I don’t view the fact that there is more concentration in the industry as being too big of a negative as it is quite consistent with global trends.