I bring you guys another 2010 gem, FRGB. Another long term play like KATX but how long term is relative. Here is my draw to First Regional (FRGB):

As of September 30, 2009 total assets were $2,175,019,000 compared to $2,465,141,000 at December 31, 2008, a decrease of $290,122,000 or 11.8% and the September 30, 2009 asset level represents a $242,946,000 (10.1%) decrease over the $2,417,965,000 that existed on the same date in 2008.
The stock has been battered due to the crappy economy but @ .65 a share the market cap is $7,691,850, far from the total value of the company. If you look at the basics First Regional looks to be a solid bank that has been in a downturn but capable of turning things around and it looks like when they do the share price will reflect it.