A Wall Street Transcript Interview with Brad Milsaps, a Managing Director with Sandler O'Neill + Partners, L.P. Covering Small and Midcap Commercial Banks in Texas and the Midwest: Top Picks for 2014 and Beyond

Wall Street Transcript

67 WALL STREET, New York - March 14, 2014 - The Wall Street Transcript has just published its Pacific and Southwest Banks Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Interest Rates and Loan-Growth Strategies - Regulatory Outlook Gains Clarity - Heightened M&A Activity - Consolidation in Regional Banking - Prolonged Interest Rate Environment Challenges - Investing in Regional Banks - Pockets of Growth in Western Banking - Recovery in the Pacific Northwest

Companies include: Western Alliance Bancorporatio (WAL), Glacier Bancorp Inc. (GBCI) and many others.

In the following excerpt from the Pacific and Southwest Banks Report, an expert banking analyst from Sandler O'Neill discusses the outlook for the sector for investors:

TWST: Within your coverage, what are some of the names you like?

Mr. Milsaps: Western Alliance (WAL) is the name I upgraded coming out of fourth-quarter earnings. They are based in Phoenix, Arizona, and they have locations in California as well as Nevada. This is a company that continues to grow its loans at a high-teen pace and almost entirely focused on commercial banking in those regions. I think it's a play on continued recovery in California and Arizona.

Also, as I mentioned, there are a lot of banks in California that could potentially be acquisition targets, so I think Western Alliance is well-positioned to potentially buy some of those smaller community banks. In areas where we see community banks being sold, they should be able to create some nice accretion from these deals.

TWST: Anyone else in your coverage?

Mr. Milsaps: In the upper Pacific area, I like Glacier Bancorp (GBCI). They are based in Montana...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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