... were increased by a uniformly small amount for all banks. FINANCIAL INDUSTRY PERSPECTIVES 18What makes a bank efficient? A look at financial characteristics and bank management and ownership ... management and ownership struc-ture. Among theseare: Linda Allen and A. Sinan Cebenoyan,“Bank Acquisitions and Ownership Struc-ture: Theory and Evi-dence,” Journal ofBanking and Fi-nance ... sample bank ownership and management information is based primarilyon examinations commenced in 199 4. In a few cases, 199 3 examinations were used, becausemore recent examinations were not available....