Financial Services >> Sector Roundtables >> July 13, 2009

Roundtable Forum:western Banks

TIM COFFEY, Vice President and Research Analyst at FIG Partners, LLC, is responsible for coverage of Western region banks and thrifts and is based in San Francisco. Previously, he was a research analyst for Green Street Capital Management, an asset manager focused exclusively on micro- and small cap community bank stocks. Before that he covered the banking industry for several business publications in San Diego, California, and won first place in investigative reporting from the Associated Press in 2004. He has an MS in Financial Analysis from the University of San Francisco and a BA in Economics from San Diego State University. Profile
Michael Diana is a Senior Research Analyst with Noble Financial Capital Markets. He brings to Noble Financial more than 25 years' experience as a senior research analyst and M&A investment banker with firms such as Citigroup, Bear Stearns, Prudential and First Boston. He offers broad coverage with emphasis on banks, thrifts and mortgage companies. His experience includes periods of real estate depression (late 1980s, early 1990s) and the subprime mortgage blowup (1998/1999). He has been consistently ranked among the top analysts in his space and is widely recognized for his stock-picking strategies and successes. Profile
Edward Timmons joined Sterne Agee & Leach, Inc., in May 2008 as a Senior Research Analyst covering mid-cap banks. Prior to joining the firm, he was an Associate Analyst at Stifel, Nicolaus & Co., Inc., where he covered regional banks and thrifts. Mr. Timmons has also held various positions with JPMorgan Chase & Co. and Putnam Investments during his career in the financial services industry. He earned his undergraduate degree in finance from West Virginia University and his MBA from the College of William & Mary. Profile
Donald A. Worthington is First Vice President, Research covering banks in California and the Pacific Northwest for Howe Barnes Hoefer & Arnett. Mr. Worthington joined Hoefer & Arnett in 2002 as a research analyst with the primary responsibilities of covering commercial banks and thrift institutions based in California. He has over 35 years of management and analytical experience in the financial services industry, including 26 years with the Federal Home Loan Bank of San Francisco where he last served as Vice President, Credit. He received a Bachelor of Science degree in Finance from San Jose State University and an MBA degree in Finance from Golden Gate University. Based in San Francisco, he was selected by The Wall Street Journal as the number one bank analyst in the country for 2004. Profile
TWST: Tim, we're almost a year into this financial turmoil. Where do the western

banks stand in this whole morass?

Mr. Coffey: Maybe we are farther into it, but I don't know that we're any