|A financial sector
partnership specializing in identifying and acquiring stakes
in undervalued banks and thrifts, mutual to stock conversions
and participating in the long term consolidation of the banking
industry. The LP focuses on publicly traded banks/thrifts
with between approximately $300 million to $10 billion in
assets, operating in attractive market areas, which are undervalued.
The principals of PL Capital (the General Partner) engage
in shareholder activism (where needed) including proxy contests,
board representation, shareholder proposals, etc.
The LP strives for long term capital appreciation and
is generally tax efficient (long term capital gains).