This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bank M&A - Wilbur Ross Shops N.J.

VINELAND, N.J. ( TheStreet) -- New Jersey is famous for its malls but that's not where Wilbur Ross, a well-known distressed investor, plans to go shopping.

Instead, he's going after banks in the Garden State. In discussing last week's investment by his firm W.L. Ross & Co. in Sun Bancorp (SNBC - Get Report) of Vineland, N.J., Ross told The New York Times that this deal could be his first of many in the state.

"The next 18 banks in size after this one, together, have around $5 billion in deposits, and there's another 100-some-odd banks that, in total, have $40 billion in deposits," Ross said in the NYT article. "That's just way too many banks for one state to have."

In light of Ross's stated agenda, TheStreet decided to poke around the Garden State Parkway's many exits and try to pinpoint some attractive targets, large and small.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
FULT $13.21 1.10%
HCBK $10.04 1.60%
PGC $22.34 0.54%
PFS $19.26 1.40%
SNBC $19.45 1.00%

Markets

DOW 17,706.53 +87.02 0.49%
S&P 500 2,073.97 +10.86 0.53%
NASDAQ 5,006.9340 +20.0670 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs