Financial Services >> Sector Roundtables >> March 31, 2003
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 marketover the past year?
Mr. Tejera: The regionals have done very well. Here in the
Pacific Northwest, of the 28 NASDAQ-traded