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- Society was a classic big-city commercial bank with a centralized structure largely concentrated in three states.
- The strategy is the opposite of the centralized structure used by the larger banks to cut costs, Frost said.
- "As a coordinated, centralized structure, I don't see any serious threat, " he said.
- In the late 1990s, the consortium arrangement was replaced by a centralized structure, more like that of a corporate university.