The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA discusses topics around the investing world.

Warren Buffett has a number of stakes in the banking industry. Between his holding company, Berkshire Hathaway, and his personal holdings, he has some sort of position in five of the top seven U.S. banks. The two that have been left in the cold thus far? Citigroup and Morgan Stanley. Anand discusses whether that's a reason for ordinary investors to avoid the banks' shares.

The financial heavies are getting a lot of press these days. And much of it is negative. But there's one small bank that's flying under the radar, and it has some of the best operational numbers you'll ever see. The Motley Fool featured it in its brand-new free report: "The Stocks Only the Smartest Investors Are Buying." We invite you to download a free copy. To find out the name of the bank Buffett would probably be interested in if he could still invest in small banks, just click here.

Anand Chokkavelu owns shares of Berkshire Hathaway, Bank of America, and Citigroup. The Motley Fool owns shares of Bank of America, Berkshire Hathaway, and Citigroup. Motley Fool newsletter services recommend Berkshire Hathaway and Goldman Sachs. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.