I just made a small investment in this bank based upon its touting by David Harvey of Everest Managers Hedge Fund,a very successful bank micro-cap hedge fund, as reported on in this Tuesday's edition of the American Banker. The article has a quote from Cowlitz CEO Benjamin Namatinia stating that shareholders like Harvey "keep us straight" and that "Small-bank executives typically don't have to answer questions from shareholders." It seemed to me that since a former banker and professional investor is recommemnding the stock and is watching over the shoulder of management, and that the $5.25 price I received is well below book value, CWLZ seemed like a decent investment with upside potential in a few years. Any thoughts out there as to whether the vaunted "January Effect" will help bank stocks and Cowlitz in particular? What are people's thoughts on the post-merger growth of earnings?