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    Anthony Polini

    Research Analyst at American Capital Partners

    Anthony Polini is Principal and Director of Research at American Capital Partners, specializing in banking sector equity research and analysis. He covers financial institutions including Valley National Bank and Brookline Bancorp, where his insights inform institutional investors and have attracted professional recognition in the industry. Polini has built his career as a senior sell-side analyst with prior tenures at Raymond James Financial, Midwest Research, A.G. Edwards, and Prudential Securities before joining American Capital Partners in New York. He holds a B.A. from the University of Pennsylvania and an MBA in finance from St. John’s University, is known for frequent media appearances, and has received industry accolades, underpinned by his longstanding experience and professional reputation.

    Anthony Polini's questions to SBT leadership

    Anthony Polini's questions to SBT leadership • Q1 2024

    Question

    Inquired about the potential magnitude of future legal costs related to the Department of Justice, the conservative level of loan loss reserves and why a release wasn't made, and the bank's future business plan for deploying its excess capital and reserves.

    Answer

    The executive explained that any future DOJ-related legal costs are hard to predict but are expected to be immaterial and would be for individuals, not the bank. The conservative reserve level is maintained due to broad uncertainty in the market, particularly in commercial real estate, though it might be reduced in future quarters. The bank is struggling to define a new business plan, as its previous monoline business is gone, and building a new business line would require significant investment and a long start-up period.

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