Pacific and Southwest Banks

January 27, 2017

Buy ($175)

Companies covered: Trinity Bank, N.A. (OTCMKTS:TYBT), Summit State Bank (NASDAQ:SSBI), Pacific Mercantile Bancorp (NASDAQ:PMBC), Friendly Hills Bank (OTCMKTS:FHLB), SVB Financial Group (NASDAQ:SIVB), Western Alliance Bancorporation (NYSE:WAL), Triumph Bancorp, Inc. (NASDAQ:TBK), Cullen/Frost Bankers, Inc. (NYSE:CFR), Texas Capital Bancshares, Inc. (NASDAQ:TCBI), Independent Bank Group, Inc (NASDAQ:IBTX), East West Bancorp, Inc. (NASDAQ:EWBC), Preferred Bank (NASDAQ:PFBC), Live Oak Bancshares Inc (NASDAQ:LOB), Allegiance Bancshares Inc. (NASDAQ:ABTX), Prosperity Bancshares, Inc. (NYSE:PB), IBERIABANK Corporation (NASDAQ:IBKC), First Interstate BancSystem, Inc. (NASDAQ:FIBK), Cascade Bancorp (NASDAQ:CACB), Umpqua Holdings Corporation (NASDAQ:UMPQ)