Here's the way I see it, either many of our nation's best banks are screaming buys, or things are so bad that we may go into a depression.

Since I don't believe we are headed for a depression, 5.8-8.0% dividend yields look pretty attractive to me. Check out the dividends on these bank stocks. Oddly, many of these shares also look attractive to company insiders.

Bank of America (BAC 43.31, -2.25) dividend yield= 5.91%

Insider Buying:

BARNET WILLIAM III, 2007-11-06, 11,000 shs @ $45.5
RYAN THOMAS M, 2007-11-06, 3,000 shs @ $45.13

Wachovia Bank (WB 40.43, -2.77) dividend yield= 6.31%

Insider Buying:

BAKER JOHN D II, 2007-11-02, 5,000 shs @ $42.70
BAKER JOHN D II, 2007-10-24, 10,000 shs @ $44.80
SMITH LANTY L, 2007-08-29, 50,000 shs @ $48.15
RADY ERNEST S, 2007-08-28, 40,000 shs @ $49.12

Mr. Rady is on the Forbes billionaire list and Beneficially Owns or controls 27,950,269 WB shares.

Regions Financial (RF 23.93, -1.56) dividend yield= 6.35%

Insider Buying:

MAUPIN JOHN E JR, 2007-09-05, 500 shs @ $30.83
PEREZ JORGE M, 2007-08-10, 33,058 shs @ $30.34

Fifth Third Bancorp (FITB 27.78, -1.95) dividend yield= 6.04%

Insider Buying:

Sankaran Mahesh, 2007-10-25, 1,250 shs @ $29
Drucker Charles, 2007-10-22, 3,000 shs @ $29.84

***Cincinnati Financial Corp sold 5,500,000 shs @ $29.5, but they are a 10% owner in FITB and still own 67,280,560 shares.

Huntington Bancshares Inc. (HBAN) dividend yield= 6.71%

Insider Buying:

LAUER DAVID P, 2007-10-23, 1,000 shs @ $17.09
LAUER DAVID P, 2007-08-07, 450 shs @ $18.45
LEVY JONATHAN A, 2007-08-16, 2,000 shs @ $16.73
BIGGS RAYMOND J, 2007-08-15, 10,000 shs @ $16.69
Nelson James W, 2007-08-13, 1,176 shs @ $17.1

More Banks With Insider Buying:

SUNTRUST BANKS (STI)
FIRST HORIZON NATIONAL (FHN)
WABASH NATIONAL (WNC)
CAPITOL BANK (CBC)

I am not recommending one particular bank, but I think it is important that you do your homework and begin making a list. Here is today's insider report. Watch it daily, and pick a stock(s) that looks suitable for you.