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Regional Banks

Regional banks could be the greatest long term play that has been seen in more than 15 years. At the end of the S&L crisis, when the RTC stepped in, strong regional players jumped in to buy assets on the cheap. FDIC assisted takeovers are tantamount to discounted employee stock ownership plans.  You get a known asset at a discounted price.

Names to consider FNFG, FMER, IBOC.

Other banks to consider are BK and STT.

Related articles:

  1. Bought FNFG @ $13.37
  2. Getting Out of FNFG Today

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