Nonetheless, hostile bank takeovers "is the topic people want to talk about," he said.

But the question isn't what proponents of bank takeovers want to have happen.

More important, it's also wrong to say that past experience shows that without a bank takeover, the economy is unlikely to recover.

"This is the first serious test of the central bank's resistance to foreign bank takeovers," he wrote in a research note.

Yet today, that deal is viewed as one of the more successful bank takeovers in recent history.

But it has become especially so with bank takeovers on the rise.

Even if more bank takeovers happen, they will not be done at enormous premiums to prevailing market prices.

It was the 11th bank takeover in the last year.

Even in a classic bank takeover, investors have not always gotten the premiums they had been hoping for.

It covers some 400 of the biggest bank takeovers between 1922 and 1988.