According to Christopher Marinac, the Director of Research at Janney Montgomery Scott, the recent significant drop in regional bank stocks presents a key opportunity for investors to enter the market. Despite the decline over the past week, Marinac believes that the underlying business fundamentals of these banks remain strong, making them an attractive prospect for investors. Speaking on CNBC’s “Fast Money” on Monday, Marinac suggested that the current dip in stock prices is a result of a “deposit worry and scare,” which he likened to slipping on a banana peel.

The SPDR S&P Regional Banking ETF experienced a decline of over 12% on Monday following the closure of Silicon Valley Bank and Signature Bank, the second- and third-largest bank failures, respectively, in U.S. history. Marinac, however, highlighted that mid-size and small community banks remain the main lending institutions in America and are excellent plays for investors looking to capitalize on the current situation.

Marinac singled out Fifth Third Bank and Truist as particularly promising prospects among the regional banks. He praised Fifth Third Bank’s innovation in the fintech arena, with CEO Timothy Spence managing interest rate risk and credit expertly. Meanwhile, Truist’s sale of a portion of its insurance unit has given it a competitive advantage, and Marinac believes that the company is not only a survivor but also a thriver, with the potential to pass the stress test in June.

While Marinac acknowledges that the current turbulence in the market has caused regional bank stocks to drop, he remains optimistic about the future outlook. He expects the sector to pare its losses and for banks to return to trading at book value or higher as the storm calms and the market stabilizes.

When asked about attractive regional banks, Christopher Marinac, recommends Fifth Third Bank, which has experienced a more than 27% drop in stock value over the past week. Marinac believes that the company is innovative in the fintech sector and that its CEO, Timothy Spence, has excellent risk and credit management skills.

In addition, Marinac suggests Truist as a top pick in the sector due to the company’s competitive advantage among regional banks after selling part of its insurance unit. Despite a 30% decline in Truist stock over the past five sessions, Marinac believes the company will not only survive but thrive, and is well-positioned to pass the stress test in June.

Marinac also expects regional banks to recover and reduce their losses in the long term. He predicts that eventually, the banking industry will return to trading at book value and higher.