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

Roundtable Forum: Western Banks

R. JAY TEJERA, Senior Vice President of Ragen MacKenzie, Inc., and Senior Regional Investment Manager of Wells Fargo Bank, joined Ragen MacKenzie in 1999 as Director of Research and served in that position until February 2003. Following the acquisition of Ragen MacKenzie by Wells Fargo & Co., Mr. Tejera was named the Senior Regional Investment Manager of Wells Fargo, Private Client Services in February 2003. He began his career in investments as an Analyst with Safeco Asset Management, Seattle, Washington. Later he was affiliated with Dain Rauscher, Inc., for 12 years. He attended the University of Southern California where he received his BA in Economics and earned his MBA with a Finance concentration at the University of Washington. Profile
MIKE MCMAHON, a Managing Director of Sandler O'Neill & Partners, LP, joined the firm in 1998. He is responsible for covering West Coast banks and thrifts, and mortgage finance companies on a national basis. Prior to joining Sandler O'Neill, he was an Associate at UBS Securities in San Francisco from 1996 to 1998, where he followed the mortgage finance industry. From 1980 to 1996, he was with First Interstate Bank of California where he was mainly focused on lending to the mortgage finance industry. He earned his BA from the University of San Diego in 1980. He is a speaker at bank, thrift and mortgage banking conferences, and is widely quoted in national business publications. Profile
JAMES BRADSHAW, Vice President, Senior Research Analyst, Financial Services Team Leader, joined D.A. Davidson & Co. after seven years with Pacific Crest Securities in Portland, where he headed the financial services practice for the firm. Over that period, he provided research coverage on bank and thrift stocks throughout the West. Prior to his stint with Pacific Crest, he was a Commercial Bank Examiner with the State of California Banking Department. He holds a Bachelor's degree from the University of Oregon and also earned an MBA in 1992 from the University of Oregon. Profile
TWST: Jay, how have the Western regional banks done in the market

over the past year?

Mr. Tejera: The regionals have done very well. Here in the

Pacific Northwest, of the 28 NASDAQ-traded