Term Sheet   Thousands of banks may disappear  November 9, 2012:
1:59 PM ET   FORTUNE -- Do we need to worry about Too Small to
Survive?  Now that President Obama has been re-elected,
analysts, consultants and dealmakers have turned from whether
Dodd-Frank will be repealed to what it means for banks now that
it's likely here to stay. The overwhelming conclusion: Thousands
of small banks will soon disappear.  Emmett Daly, a Sandler
O'Neill dealmaker who specializes in small banks, predicted at
an industry conference put on by Mergermarket on Thursday that
the number of banks in the U.S. would shrink to a few hundred.
There are currently more than 7,000. Bill Egan, head of
financial institutions investment banking at Bank of America
Merrill Lynch, agreed, but said the weeding out process was
likely to take more than a decade.  Indeed, the deal this week
to buy bank adviser KBW by larger rival Stifel Financial
appeared to be motivated by the belief that more banks would
have to make deals. Says Rochdale Securiti