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Small Niche Banks Seen in M&A Focus; Smith Barney Predicts Starring Role When Deals Pick Up
Beginning of article
Analyst Jacqueline Reeves says the kinds of banks she knows best could soon find themselves thrust into the spotlight.
Ms. Reeves, who recently left a post at Janney Montgomery Scott Inc. to join Smith Barney Inc., predicts small banks with special niches will be heavy participants when the mergers and acquisitions lull ends.
"There is a pause because most banks are making sure their own systems are in place, so that they can acquire more easily," said Ms. Reeves. "But when the consolidation picks up, certain niche players will find their place."
Analyst Henry "Chip" Dickson, also of Smith Barney, said the added coverage of small and midsize banks Ms. Reeves brings …
