Financial Services >> Sector Roundtables >> March 15, 2004
PEYTON N. GREEN, an analyst with FIN Midwest Research Securities Corp.,
began his career in the brokerage industry in 1993 and has been a
research analyst since 1996. As an equity analyst he has focused on the
banking industry since 1998. Most recently, Mr. Green joined FTN Midwest
Research's Nashville, Tennessee, office, where he has been responsible
for building the firm's coverage of small and mid-cap financial
institutions since August 27, 2001. Previously, Mr. Green was
responsible for bank and thrift and insurance research at an employee-
owned broker-dealer headquartered in Birmingham, Alabama. In 2002, Mr.
Green was recognized as a Top 10 Stock Picker in the United States by
NASDAQ-STARMINE 2002 Analyst Award Winner survey. In May 2003, Mr. Green
was listed as the third best among 97 analysts who covered banks and
S&Ls in The Wall Street Journal's 'Best on the Street' survey. He is a
graduate of The University of the South where he received a BS in
Natural Resources in 1993. Profile
JOSEPH A. STIEVEN is Senior Vice President and Director of the Financial
Institutions Research Group at Stifel, Nicolaus & Company, Inc. Mr.
Stieven formally established the company's coverage of the bank and
thrift industries when he joined Stifel in 1985. He is widely quoted by
both regional and national publications and has been a member of the
Wall Street Transcript's Midwest Regional Banking Panel in each of the
past 15 years. In addition, he has been recognized as the top analyst in
the country for the Midwest region by the American Banker. He has worked
on over 100 bank and thrift transactions over the past decade.
Additionally, he has managed nine financial institution equity trusts,
raising over $200 million and gaining national recognition. Prior to
joining Stifel, Nicolaus, he was an analyst/examiner with the Federal
Reserve Bank of St. Louis. He was responsible for designing and
programming the cash flow analysis programs which were used by the
Federal Reserve in reviewing merger/acquisition applications. He holds a
BSBA and an MBA, both with concentrations in finance, from the
University of Missouri-St. Louis. He previously has or currently serves
on the Board of Directors of Stifel, Nicolaus & Company, the University
of Missouri-St. Louis Alumni Business Board, and the St. Louis
University High School Advancement Board. Profile
JACQUELINE REEVES, Managing Director of Ryan Beck & Co., has more than
12 years of analytical experience and has spent the majority of her
career following mid-cap regional banks across the United States. Prior
to joining Ryan Beck, she was Director of Research for Putnam Lovell NBF
Securities, Inc., and also served as Managing Director of Mid-Cap
Regional Commercial Banks. Prior to joining Putnam Lovell in 1999, she
served as a Vice President, covering regional banks with Salomon Smith
Barney and Janney Montgomery Scott. Earlier in her career, she served as
a junior analyst with CSFB and NM Rothschild. She received a BS degree
from Cedar Crest College in Allentown, Pennsylvania. Profile
DAVID J. KONRAD is a Vice President at Keefe, Bruyette & Woods, Inc.,
responsible for research coverage of banks and thrifts in the Midwestern
United States. Prior to joining KBW in July 2002, Mr. Konrad spent 10
years in Harris Bank's Corporate and Investment Banking Division,
serving as a Vice President and Senior Relationship Banker covering
Midwest financial institutions. In addition, Mr. Konrad also served as
a Relationship Banker in the Asset Based Lending Division of LaSalle
National Bank of Chicago. Mr. Konrad graduated from Northern Illinois
University and earned his MBA from Loyola University of Chicago. Profile
TWST: Jackie, what's gone on in this group of Midwestern banks from abusiness point of view over the last year or so?
Ms. Reeves: The Midwest financial institutions have had some