The combining of First Union National Bank and The National Bank of Memphis is an example of
A) a vertical merger.
B) a horizontal merger.
C) a downstream formation.
D) a conglomerate merger.

Question

Quizplus · Accepted Answer

The combining of First Union National Bank and The National Bank of Memphis is an example of a horizontal merger, as both banks were in the same industry and were direct competitors before the merger.

The Combining of First Union National Bank and the National