Rummaging for hidden investment treasures among the small banks and thrifts of the Northeast is the specialty of McConnell, Budd & Downes Inc., Morristown. N.J.

The firm was launched two years ago by a quartet of seasoned veterans from New York's keefe, Bruyette & Woods Inc.: C. Edward 'Ched" McConnell, David A. Budd, William J. Downes, and Thomas J. Romano.

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