With all of this banking mess that will sort itself out eventually the banks have all been painted with the same brush.
If they have exposure to real estate then they were taken to the wood shed and given a good beating.
I found one little bank in Florida that is such a buy I say it is a baby that was thrown out with the bath water.
That Bank is trading at a PE of 2.1 and a book value of $22. The stock on Friday closed at 5.39. Now even if 1/3 of their loans went bad they would still foreclose on the realestate or make other arrangements to salvage their collatoral. This is a long process and will work out. Therefore a value play is at hand so buy a few shares and look for a double in a year.
Oh that bank is BKUNA. Good Luck and spread the word on this baby. You should cash in when it hits $10 in the next 2 months.