Rountable Forum: Collyn Bement Gilbert, Stifel, Nicolaus & Company, Inc., Theodore P. Kovaleff, Sky Capital LLC

Outlook for Northeast Banks Christopher Marinac, FIG Partners, LLC

CEO Interviews (average 2,500 words): Top management from 20 firms examine the outlook for their firm and sector. Firms interviewed include: Naugatuck Valley Financial Corporation, Abington Community Bancorp, Inc., Alliance Bancorp, Inc. of Pennsylvania, BCB Bancorp, Inc., Canandaigua National Corporation, Colonial Bankshares, Inc., Intervest Bancshares Corporation, Investors Bancorp, Inc., Leesport Financial Corp., Liberty Bell Bank, New York Community Bancorp, Inc., Northeast Bancorp, Ocean Shore Holding Co., Parke Bancorp, Inc., Shore Bancshares, Inc., Siebert Financial Corp., Sterling Bancorp, Sussex Bancorp, The Bancorp, Inc., The Wilber Corporation.

Topics covered: - The subprime market collapse and its impact - Outlook for the Fed and interest rates - Consumer debt burden - Hedge funds removed from the market - Collateralized debt obligations - Misleading FICO scores and subprime mortgages - Overstaffing of middle management in banks - Cost cutting programs - Management performance - Rising non-performing assets and charge-offs - Declining reserve allocations - Difficulties with bank foreclosures - Takeover candidates in a buyer’s market - Declining private equity investment - Competition with de novo branches - Outlook for industry consolidation - Investor interest - Stock picks - Stocks to sell

Companies covered: New York Community Bancorp (NYB), Hudson City Bancorp (HCBK), Capital One (COF), First Niagara (FNFG), Webster Financial (WBS), Susquehanna Bancshares (SUSQ), People’s Bancorp (PBCT), Valley National (VLY), Boston Private Bank (BPFH), KNBT Bancorp (KNBT), National Penn (NPBC), Bank of Somerset Hills (SOMH), Sovereign (SOV), Toronto-Dominion (TD), and Commerce Bancorp (CBH).