Financial Services >> Sector Roundtables >> January 6, 2003

Roundtable Forum: Eastern Regional Banks

THOMAS MONACO is a Senior Vice President at Keefe, Bruyette & Woods, Inc., responsible for research coverage of New York regional and Puerto Rico banks and thrifts. Prior to joining KBW in January 2002, Mr. Monaco covered Asia's commercial banks for Morgan Stanley in Tokyo. He has also followed the sector out of Hong Kong for Lehman Brothers and Bear Stearns. Earlier in his career, Mr. Monaco worked as a Securities Analyst for Salomon Brothers, covering US mortgage finance companies and New York City depositories. Mr. Monaco is a 1987 graduate of Fordham University, where he also earned his MBA in 1996. Profile
THOMAS J. ROMANO is Managing Director and Founder of McConnell, Budd & Romano, Inc. He is the director of research for MB&R, publishing reports and maintaining earnings estimates on a select universe of community banks and savings institutions. He offers expertise to Advisory clients in areas such as maximizing the effectiveness of analyst communications and shareholder relations. Previously he directed US bank ratings coverage for Thomson BankWatch, (formerly Keefe BankWatch). He received his BA from Fairleigh Dickinson University. Profile
KEVIN T. TIMMONS, Senior Bank Analyst at C.L. King & Associates, spent 13 years in the banking/thrift industry, working for The Bank of New York Barclays Bank of New York, and Poughkeepsie Savings Bank. He joined First Albany Corporation in 1992 as Senior Bank Analyst, and moved to C.L. King & Associates in a similar capacity in 2001. His banking career included hands-on experience in commercial and industrial credit underwriting, lending to middle market businesses, branch banking, mergers and acquisitions and financial management. As an analyst, he has focused primarily on banks and thrifts, but has also covered consumer finance companies, mortgage bankers and REITs. He received his MBA in finance from Fordham University and is a Chartered Financial Analyst. Profile
JACQUELINE REEVES, Managing Director of Ryan Beck & Co., has more than 12 years of analytical experience and has spent the majority of her career following mid-cap regional banks across the United States. Prior to joining Ryan Beck, she was Director of Research for Putnam Lovell NBF Securities, Inc., and also served as Managing Director of Mid-Cap Regional Commercial Banks. Prior to joining Putnam Lovell in 1999, she served as a Vice President, covering regional banks with Salomon Smith Barney and Janney Montgomery Scott. Earlier in her career, she served as a junior analyst with CSFB and NM Rothschild. She received a BS degree from Cedar Crest College in Allentown, Pennsylvania. Profile
TWST: Jackie, let's start with you. What has gone on in the

Eastern regional banks from an operating perspective over the

past year or so?

Ms. Reeves: Addressing the Eastern regional banks