P-E harvests gains in banking sector


It's harvest time in the banking sector for private equity - which racked up median gains of more than 50% investing in a slew of banks between 2008 and 2010, according to KBW.

Among those where P-E is now a seller: Boston Private Financial (BPFH), First Republic Bank (FRC), Webster Financial (WBS), Wintrust Financial (WTFC).

The biggest gains - topping 100% - were in BankUnited (BKU), Bridge Capital (BBNK), First Merchants (FRME), and Sterling Financial (STSA).

No one bats 100% and P-E is under water in Capital Bank (CBF), Flagstar (FBC), Porter (PBIB), and Sun Bancorp (SNBC).

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