Bank Competition
» Bank Competition, Volume 5, Issue 8, 2005
If respondent changed principal financial institutions in the last three years.
Was a reason for changing to a new institution that:?
4bJ. (reason for change) It actively solicited your business.
| Response | ||||
|---|---|---|---|---|
| 1 | Yes | 35 | ||
| 2 | No | 65 | ||
| 3 | DK/Refuse | 0 | ||
| Total (%) | 100 | |||
| N | 70 | |||
Notes: Thirty-five (35) percent of small employers who changed principal financial institutions in the last three years report that a reason for change was that their new bank actively solicited their business (Q#4bJ).
