Northeast and Mid-Atlantic Banks Report

January 10, 2011

Buy ($175)

Topics covered: Spotlight on Capital and Credit, Regulatory Reform Uncertainty, Regional Bank Outperformance, Heightened M&A Activity, Demutualization and MHC Conversion Opportunities

Companies covered: Beneficial Bancorp, Inc. (NASDAQ:BNCL), AmTrust Financial Services, Inc. (NASDAQ:AFSI), PNC Financial Services Group, Inc. (The) (NYSE:PNC), Orrstown Financial Services Inc (NASDAQ:ORRF), New York Community Bancorp Inc, Fulton Financial Corporation (NASDAQ:FULT), WSFS Financial Corporation (NASDAQ:WSFS), Wilmington Trust Corporation, Virginia Commerce Bancorp Inc., Union Bankshares, Inc. (NASDAQ:UNB), United Bankshares, Inc. (NASDAQ:UBSI), Susquehanna Bancshares, Inc. (NASDAQ:SUSQ), StellarOne Corporation, Sandy Spring Bancorp, Inc. (NASDAQ:SASR), M&T Bank Corporation (NYSE:MTB), First Community Bancshares, Inc. (NASDAQ:FCBC), Webster Financial Corporation (NYSE:WBS), Signature Bank (NASDAQ:SBNY), National Penn Bancshares, Inc. (NASDAQ:NPBC), Hudson City Bancorp, Inc. (NASDAQ:HCBK), F.N.B. Corporation (NYSE:FNB), Flushing Financial Corporation (NASDAQ:FFIC), Astoria Financial Corporation (NYSE:AF), OceanFirst Financial Corp. (NASDAQ:OCFC), Newport Bancorp Inc., Valley National Bancorp (NYSE:VLY), Siemens AG (OTCMKTS:SIEGY), Provident Financial Services, Inc (NYSE:PFS), Provident New York Bancorp, First Niagara Financial Group Inc. (NASDAQ:FNFG), Dime Community Bancshares, Inc. (NASDAQ:DCOM), Center Bancorp Inc., Bryn Mawr Bank Corporation (NASDAQ:BMTC), Tower Bancorp Inc., The Bancorp, Inc. (NASDAQ:TBBK), People's United Financial, Inc. (NASDAQ:PBCT), Oritani Financial Corp. (NASDAQ:ORIT), Investors Bancorp, Inc. (NASDAQ:ISBC), First Commonwealth Financial Corporation (NYSE:FCF), Meridian Bancorp, Inc. (NASDAQ:EBSB), Danvers Bancorp Inc., Northern Dynasty Minerals, Ltd. (AMEX:NAK)