Nearing the Century Mark
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http://bailoutsleuth.com/2008/11/nearing-the-century-mark/
Type of Content: Article By Chris Carey on November 22, 2008 2:58 PM BailoutSleuth has updated its master list of banks that have been approved to receive taxpayer money through the Treasury Department's capital purchase program. We've now identified 95 banks that have been picked to sell preferred stock to the Treasury Department as part of its plan to inject new capital directly into financial institutions to strengthen their balance sheets and stimulate lending. The total amount of money approved for the banks is approaching $180 billion, a figure that does not include the $40 billion that the Treasury Department has pledged to American International Group Inc., the big insurance and investment firm. Some of the new banks on the list announced their approval yesterday. They include Ameris Bancorp., an Atlanta-area bank that will get $52 million from the government, and Home Bancshares Inc., of Conway, Ark., which will get $50 million. BailoutSleuth's updated roster also includes several banks that did not put out press releases announcing their participation, but simply noted it within larger Securities and Exchange Commission filings. Keep reading to see the master list. Here are the banks known to have selected for federal investments: Citigroup Inc. (New York) -- $25 billion JPMorgan Chase & Co. (New York) - $25 billion Wells Fargo & Co. (San Francisco) -- $25 billion Bank of America Corp. (Charlotte, N.C.) -- $15 billion Goldman Sachs Group Inc. (New York) -- $10 billion Merrill Lynch & Co. (New York) -- $10 billion Morgan Stanley (New York) -- $10 billion PNC Financial Services Group Inc. (Pittsburgh) -- $7.7 billion US Bancorp (Minneapolis) -- $6.6 billion Capital One Financial Corp. (McLean, Va.) -- $3.55 billion Regions Financial Corp. (Birmingham, Ala.) -- $3.5 billion SunTrust Banks Inc. (Atlanta) -- $3.5 billion Fifth Third Bancorp (Cincinnati) -- $3.4 billion BB&T Corp. (Winston-Salem, NC) -- $3.1 billion Bank of New York Mellon (New York) -- $3 billion Keycorp (Cleveland) -- $2.5 billion Comerica Inc. (Dallas) -- $2.25 billion State Street Corp. (Boston) -- $2 billion Marshall & Ilsley Corp. (Milwaukee) -- $1.7 billion Northern Trust Corp. (Chicago) -- $1.5 billion Huntington Bancshares Inc. (Columbus, Ohio) -- $1.4 billion Zions Bancorporation of Salt Lake City will get $1.4 billion Synovus (Columbus, Ga.) -- $973 million Popular Inc. (San Juan, Puerto Rico) -- $950 million First Horizon National Corp. (Memphis, Tenn.) -- $866 million M&T Bank Corp (Buffalo, N.Y.) -- $600 million Associated Banc-Corp. (Green Bay, Wis.) -- $530 million Webster Financial Corp. (Waterbury, Conn.) -- $400 million City National Corp. (Beverly Hills, Calif.) -- $395 million TCF Financial Corp. (Wayzata, Minn.) -- $361 million. The South Financial Group (Greenville, N.C.) -- $347 million Valley National Bancorp (Wayne, N.J.) -- $330 million East West Bancorp (Pasadena, Calif.) -- $316 million Citizens Republic Bancorp (Flint, Mich.) -- $300 million Susquehanna Bancshares Inc. (Lititz, Pa.) -- $300 million UCBH Holdings Inc. (San Francisco) -- $298 million Cathay General Bancorp (Los Angeles) -- $258 million FirstMerit Corp. (Akron, Ohio) -- $248 million International Bancshares Corp. (Laredo, Tex.) -- $216 million Trustmark Corp. (Jackson, Miss.) -- $215 million Umpqua Holdings Corp. (Portland, Ore.) -- $214 million Washington Federal Savings (Seattle) -- $200 million MB Financial ( Chicago) -- $193 million First Midwest Bancorp Inc. (Itasca, Ill.) --$193 million Pacific Capital Bancorp (Santa Barbara, Calif.) -- $188 million. First Niagara Financial Group Inc. (Buffalo, N.Y.) -- $186 million United Community Banks (Blairsville, Ga.) -- $180 million Provident Bankshares (Baltimore) -- $151 million Boston Private Financial Holdings Inc. (Boston) -- $150 million Old National Bank (Evansville, Ind.) -- $150 million Western Alliance Bancorporation (Las Vegas) -- $140 million. CVB Financial Corp. (Ontario, Calif.) -- $130 million Banner Corp. (Walla Walla, Wash.) -- $124 million Signature Bank (New York) -- $120 million Iberiabank Corp. (Lafayette, La.) -- $115 million Taylor Capital Group Inc. (Rosemont, Ill.) -- $105 million Midwest Banc Holdings Inc. (Melrose Park, Ill.) -- $86 million Sandy Spring Bancorp (Olney, Md.) -- $83 million. First Financial Bancorp. (Cincinnati) -- $80 million Columbia Banking System Inc. (Tacoma, Wash.) -- $76.9 million Wesbanco Inc. (Wheeling, W.Va.) -- $75 million Southwest Bancorp (Stillwater, Okla.) -- $70 million Superior Bancorp (Birmingham, Ala.) -- $69 million Nara Bancorp (Los Angeles) -- $67 million, Wilshire Bancorp (Los Angeles) -- $62 million Great Southern Bancorp (Springfield, Mo.) -- $60 million. Ameris Bancorp. (Moultrie, Ga.) -- $52 million Home Bancshares Inc. (Conway, Ark.) -- $50 million Capital Bank Corp. (Raleigh, N.C.) -- $42.9 million Southern Community Financial Corp. (Winston-Salem, N.C.) -- $42.75 million Heritage Commerce Corp. (San Jose., Calif.) -- $40 million Simmons First National Corp. (Pine Bluff, Ark.) -- $40 million Cascade Financial Corp. (Everett, Wash.) -- $39 million Peoples Bancorp (Marietta, Ohio) -- $39 million Porter Bancorp Inc. (Louisville, Ky.) -- $39 million Eagle Bancorp Inc. (Bethesda, Md.) -- $38.2 million Encore Bancshares Inc. (Houston) -- $34 million. Bancorp Rhode Island Inc. (Providence, R.I.) -- $30 million Severn Bancorp (Annapolis, Md.) -- $30 million Peapack-Gladstone Financial Corp. (Gladstone, N.J.) -- $28.7 million Intermountain Community Bancorp (Sandpoint, Idaho) -- $27 million LNB Bancorp Inc. (Lorain, Ohio) -- $25.2 million HF Financial Corp. (Sioux Falls, S.D.) -- $25 million Heritage Financial Corp. (Olympia, Wash.) -- $24 million. Wainwright Bank & Trust Co. (Boston) -- $22 million Indiana Community Bancorp (Columbus, Ind.) -- $21.5 million First PacTrust Bancorp Inc. (Chula Vista, Calif.) -- $19.3 million HopFed Bancorp Inc. (Hopkinsville, Ky.) -- $18.4 million. Bank of Commerce Holdings Inc. (Redding, Calif.) -- $17 million 1st Financial Services Corp. (Hendersonville, N.C.) -- $16.3 million Community West Bancshares (Goleta, Calif.) -- $15.6 million Broadway Financial Group ( Los Angeles) -- $9 million FFW Corp. (Wabash, Ind.) -- $7.3 million Capital Pacific Bancorp (Portland, Ore.) -- $4 million Saigon National Bank (Westminster, Calif.) -- $1.2 million Read »
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