BB&T Bank is expanding through both acquisitions and organic growth. It is located in the Southeast, a rapidly growing area. As of today, it trades at a PE of 10 with a dividend of almost 6%. Its dividend has been increased every year for several decades, and it has paid a dividend continuously for many decades. As one of the largest and most conservatively run regionals, and is a likely acquisition target during the next several years. It is trading at about a 30% discount to its average price over the last several years, and is an example of "throwing out the baby with the bath water".

I strongly recommend BBT.

For another interesting regional, take a look at MTB as well. Through personal experience, it is well run, conservative, and growing nicely. The only drawback is that its stock is concentrated, producing erratic movements at times.