The pace of bank consolidation was the focus of the American Banker quarterly roundtable discussion among Wall Street's bank analysts. Industry consolidation is far from over, but some players are assuming different roles, analysts said, with some that were once considered acquirers now viewed as takeout targets.

Participants in the session last month were Carole S. Berger of Berger Jackson Capital Management, New York; Sean J. Ryan of Bear, Stearns & Co., New York; Thomas Finucane, John Hancock Advisers, Boston; and Ronald I. Mandle, Sanford C. Bernstein & Co., New York.

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