Two of the banking industry's biggest turnaround challenges fell further behind the pack in the third quarter, and it's now up to their rookie CEOs to turn on the afterburners.

O.B. Grayson Hall Jr. at Regions Financial Corp. and Kessell Stelling at Synovus Financial Corp. each took command of his company this year, and both are looking hard for ways to offset the heavy costs of purging bad assets.

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