Whither the community bank? relationship finance in the information age

Banks and banking ; Bank mergers

The past, present, and probable future for community banks

We review how deregulation, technological advance, and increased competitive rivalry have affected the size and health of the U.S. community banking sector and the quality and availability of banking products and services. We then develop a simple theoretical framework for analyzing how these changes have affected the competitive viability of community banks. Empirical evidence presented in this paper is consistent with the model's prediction that regulatory and technological change has exposed community banks to intensified competition on the one hand, but on the other hand has left well-managed community banks with a potentially exploitable strategic position in the industry. We also offer an analysis of how the number and distribution of community banks may change in the future.Community banks

Local official: Caught in the middle

Photographs not included in Web versio

The Star Clusters in the Starburst Irregular Galaxy NGC 1569

We examine star clusters in the irregular, starburst galaxy NGC 1569 from HST images. In addition to the two known super star clusters, we identify 45 other clusters that are compact but resolved. Integrated UVI colors of the clusters span a large range, and suggest that ages range from 3 Myrs to 1 Gyr. However, most of the clusters were formed at the tail end of the recent starburst. Numerous clusters in addition to the know super star clusters are similar in luminosity to a small globular cluster. We examined the radial surface brightness of four of the clusters. Their half-light radii and core radii are in the range observed in present-day globular clusters. Therefore, conditions that produced the recent starburst have also been those necessary for producing compact, bright star clusters. We examine resolved stars in the outer parts of the two super star clusters. Cluster A is dominated by bright blue stars with a small population of red supergiants. Sub-components A1 and A2 have similar colors and a two-dimensional color map does not offer evidence that one component is dominated by red supergiants and the other not. The contradiction of the presence of red super- giants with Wolf-Rayet stars may instead not be a contradiction at all since there coexistence in a coeval population is not inconsistent with the evolution of massive stars. Cluster B is dominated by red supergiants, and this is confirmed by the presence of the stellar CO absorption feature in an integrated spectrum. The various age indicators are consistent with a picture in which cluster B is of order 10--20 Myrs old, and cluster A is >4-5 Myrs old.Comment: To be published in AJ, November 200

The importance of zooplankton‐protozoan trophic couplings in Lake Michigan

Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/109824/1/lno19913671335.pd

Low-dose antibiotics: current status and outlook for the future

Antimicrobial therapy is a key factor in our success against pathogens poised to ravage at risk or infected individuals. However, we are currently at a watershed point as we face a growing crisis of antibiotic resistance among diverse pathogens. One area of intense interest is the impact of the application of antibiotics for uses other than the treatment of patients and the association with such utilization with emerging drug resistance. This Research Topic “Low- dose antibiotics: current status and outlook for the future” in Frontiers in Microbiology: Antimicrobials, Resistance and Chemotherapy details various aspects of the wide ranging effects of antimicrobial therapy from areas such as the regulation of host responses to modulation of bacterial virulence factors to acquisition of antibiotic resistance genes

Medium-Energy Gamma-Ray Astrophysics with the 3-DTI Gamma-Ray Telescope

Gamma-ray observations in the medium energy range (0.50-50.0 MeV) are central to unfolding many outstanding questions in astrophysics. The challenges of medium-energy gamma-ray observations, however, are the low photon statistics and large backgrounds. We review these questions, address the telescope technology requirements, and describe our development of the 3-Dimensional Track Imaging (3-DTI) Compton telescope and its performance for a new mediumenergy gamma-ray mission. The 3-DTI is a large-volume time projection chamber (TPC) with a 2-dimensional gas micro-well detector (MWD) readout

Predictors of failure for nonoperative management of spinal epidural abscess

Study Design: Retrospective cohort study. Objectives: The aim of this study is to identify predictive factors associated with failure of nonoperative management of spinal epidural abscess (SEA). Methods: Between January 2007 and January 2017, there were 97 patients 18 years or older treated for SEA at a tertiary referral center. Of these, 58 were initially managed nonoperatively. Details on presenting complaint, laboratory parameters, radiographic evaluation, demographics, comorbidities, and neurologic status (Frankel grades A-E) were collected. Success of treatment was defined as eradication of infection with no requirement for further antimicrobial therapy. Diagnosis of SEA was made via evaluation of imaging and intraoperative findings. Patients with repeat presentation of SEA, children, and those who were transferred for immediate surgical decompression were excluded. Results:Fifty-eight patients initially treated nonoperatively were included. Of these, 21 failed nonoperative management and required surgical intervention. The mean age was 60 years, 66% male, and 19% of Maori ethnicity. Abscess location was predominantly dorsal, and in the lumbar region (53%). Multivariate analysis identified Maori ethnicity, multifocal sepsis, and elevated white cell count as predictors of failure of nonoperative management. With 1 predictor the risk of failure was 44%. In the presence of 2 predictive variables, failure rate increased to 60%, and if all 3 variables were present, patients had a 75% risk of failure. Conclusion: Thirty-six percent of patients treated nonoperatively failed nonoperative management—the failure rate was significantly increased in patients with multifocal sepsis, in patients with elevated white cell count, and in patients of Maori ethnicity

Turbulent mixing in a far‐field plume during the transition to upwelling conditions : microstructure observations from an AUV

Author Posting. © American Geophysical Union, 2018. This article is posted here by permission of American Geophysical Union for personal use, not for redistribution. The definitive version was published in Geophysical Research Letters 45 (2018): 9765-9773, doi:10.1029/2018GL078543.A REMUS 600 autonomous underwater vehicle was used to measure turbulent mixing within the far‐field Chesapeake Bay plume during the transition to upwelling. Prior to the onset of upwelling, the plume was mixed by a combination of energetic downwelling winds and bottom‐generated shear resulting in a two‐layer plume structure. Estimates of turbulent dissipation and buoyancy flux from a nose‐mounted microstructure system indicate that scalar exchange within the plume was patchy and transient, with direct wind mixing constrained to the near surface by stratification within the plume. Changing wind and tide conditions contributed to temporal variability. Following the separation of the upper plume from the coast, alongshore shear became a significant driver of mixing on the shoreward edge of the plume.NSF Grant Numbers: OCE‐1334231, OCE‐1745258, OCE‐13343982019-03-2