Financial Services >> Sector Roundtables >> December 8, 2008

ROUNDTABLE FOCUS: EASTERN BANKS

Stephen M. Moss is a research analyst covering bank and thrifts stocks at Janney Montgomery Scott. Prior to joining Janney in 2003, he worked at SNL Financial as a bank and thrift research analyst. He received his BBA degree in finance from James Madison University. He is a CFA Level II candidate. Profile
Mike I. Shafir is a Senior Research Analyst with Sterne Agee, focusing on Northeast Banks & Thrifts. He joined the company in April 2006 after working as an analyst at Moors & Cabot since 2004. He holds a BA degree in History from Brandeis University and an MBA degree in Finance from Rutgers Business School. Profile
Anthony J. Polini is a Senior Vice President at Raymond James & Associates, Inc., Equity Research. He joined in 2007, and primarily follows banks and thrifts located in the Northeast and Mid-Atlantic states, as well as Puerto Rico. He began following the banking industry in 1985, when he joined Pru-Bache Securities. He has worked at several firms since then, including A.G. Edwards & Sons, Mabon Securities, Midwest Research, and Advest, Inc. He earned his BA degree in Psychology and Philosophy from the University of Pennsylvania and has an MBA in Finance from St. John's University. Profile
Andrew Stapp joined B. Riley & Co., LLC, in 2007 as a Senior Equity Research Analyst. His coverage includes commerical banks and thrifts. Prior to joining B. Riley & Co., he served as Vice President, Research at Cohen & Company, where he also covered banks and thrifts. Prior to that, he was involved in investment banking, where he successfully consummated approximately 100 M&A transactions in the financial services industry. He received his BS in Business Administration and MBA in Finance from The University of Tennessee. Profile
TWST: Steve, it's a tough time to talk about banks, being in the middle of all

this turmoil, but where do you think we are at this point?

Mr. Moss: I think we're still in the third inning and