Financial Services >> Sector Roundtables >> March 31, 2003

Roundtable Forum: Regional Banks

JOSEPH A. STIEVEN is Senior Vice President and Director of the Financial Institutions Research Group at Stifel, Nicolaus & Company, Inc. Mr. Stieven formally established the company's coverage of the bank and thrift industries when he joined Stifel in 1985. He is widely quoted by both regional and national publications and has been a member of the Wall Street Transcript's Midwest Regional Banking Panel in each of the past 15 years. In addition, he has been recognized as the top analyst in the country for the Midwest region by the American Banker. He has worked on over 100 bank and thrift transactions over the past decade. Additionally, he has managed nine financial institution equity trusts, raising over $200 million and gaining national recognition. Prior to joining Stifel, Nicolaus, he was an analyst/examiner with the Federal Reserve Bank of St. Louis. He was responsible for designing and programming the cash flow analysis programs which were used by the Federal Reserve in reviewing merger/acquisition applications. He holds a BSBA and an MBA, both with concentrations in finance, from the University of Missouri-St. Louis. He previously has or currently serves on the Board of Directors of Stifel, Nicolaus & Company, the University of Missouri-St. Louis Alumni Business Board, and the St. Louis University High School Advancement Board. Profile
FRED A. CUMMINGS is a Managing Director, Equity Research Analyst, with KeyBanc Capital Markets, a division of McDonald Investments Inc. He is responsible for all aspects of research of regional banks and thrifts. Mr. Cummings joined the company in 1989 as a junior analyst, and subsequently held the titles of Associate Vice President, Vice President, First Vice President and Senior Vice President. He graduated with honors from Oberlin College in Ohio, where he earned a Bachelor of Arts degree in economics. Mr. Cummings is a member of the Cleveland Society of Security Analysts, as well as the Bank and Financial Analysts Association. He serves as a board member for the Western Reserve Academy (assistant treasurer), Inroads Northeast Ohio Alumni Association and The Ohio Foundation of Independent Colleges. He was named a 1998 All-Star Analyst by The Wall Street Journal and one of 30 young leaders of the future by EBONY Magazine. Profile
DENIS LAPLANTE is a Managing Director and leads the US bank research effort for Fox-Pitt, Kelton Inc, a research boutique specializing in financial services stocks in the US, Europe and the Far East. Mr. Laplante has been with Fox-Pitt, Kelton since 1990, covering a mix of large cap and mid-cap regional institutions across the country. Prior to joining Fox-Pitt, Kelton, he was a regional bank analyst at Keefe Bruyette & Woods for over five years, and spent three years as a field examiner with the Office of the Comptroller of the Currency. Profile
TWST: Fred, we've termed this a regional bank Roundtable. Is that

still an appropriate definition?

Mr. Cummings: I would probably call them super-regional banks.

For example, U.S. Bancorp