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FACTBOX-Bove lists 17 U.S. banks as takeover targets
September 9, 2010 / 3:32 PM / 7 years ago

FACTBOX-Bove lists 17 U.S. banks as takeover targets

 Sept 9 (Reuters) - With the banking sector showing some signs of stability, veteran banking analyst Richard Bove said at least 17 banks with more than $10 billion in assets each could emerge as possible takeover targets.
 Bove screened 62 banks and narrowed down his list based on the following criteria:   * selling at less than 10 pct of assets   * reserves and common equity greater than 10 pct of assets   * high level of liquidity, low non-performing assets   Here’s a look at the companies Bove lists as potential acquisition targets:   CO NAME                  RIC            MKT-CAP          ASSETS
                                      (In bln)           (In bln)   Webster Financial        (WBS.N)        $1.28            $17.74   Susquehanna Bancshares   SUSQ.O       $1.09            $13.89   Wilmington Trust Corp    WL.N         $0.82            $10.38   Capital One Financial    (COF.N)        $17.75           $197.49   First Horizon National   (FHN.N)        $2.40            $26.25   SunTrust Banks Inc       (STI.N)        $11.70           $170.67   Regions Financial Corp   (RF.N)         $8.25            $135.34   KeyCorp                  (KEY.N)        $6.80            $94.17   Fifth Third Bancorp      (FITB.O)       $9.06            $112.03   MB Financial Inc         (MBFI.O)       $0.88            $10.64   Citizens Republic        CRBC.O       $0.31            $10.83   Marshall & Ilsley Corp   MI.N         $3.54            $53.90   Bancorp South Inc        (BXS.N)        $1.13            $13.42   Whitney Holding Corp     WTNY.O       $0.78            $11.42   International Bancshares (IBOC.O)       $1.09            $11.30   Zions Bancorporation     (ZION.O)       $3.39            $52.15   Cathay General Bancorp   (CATY.O)       $0.77            $11.41
 (Compiled by Abhinav Sharma, Rachel Chitra in Bangalore)   

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