At least 27 banks have agreed to sell stakes in themselves to the Treasury Department under a federal plan to inject capital into the financial system.
The newest list of recipients includes Capital One Financial Corp. a big credit-card issuer based in McLean, Va.; Washington Federal Savings, a thrift in Seattle that recently reported its first quarterly loss in history; and Saigon National Bank, a small bank in Southern California which targets that region's ethnic Vietnamese.
The latest deals total $30 billion in investment by the Treasury Department. The agency has allocated $250 billion for the program, which calls for the government to provide capital to banks in exchange for preferred stock and warrants.
The investments announced since the program's inception earlier this month cover more than $160 billion of the available cash.
BailoutSleuth compiled this list of recipients from bank press releases and local media reports. We will make it a standing feature on our site, adding names and amounts as they become available.
Here are the banks known to have selected for federal investments:
Citigroup Inc. (
JPMorgan Chase & Co. (
Wells Fargo & Co. (
Bank of America Corp. (
Goldman Sachs Group Inc. (
Merrill Lynch Inc. (
Morgan Stanley (
PNC Financial Services Group Inc. (
Capital One Financial Corp. (
Regions Financial Corp. (
SunTrust Banks Inc. (
BB&T Corp. (
Bank of New York Mellon (
Keycorp (Cleveland) -- $2.5 billion
Comerica Inc. (Dallas) -- $2.25 billion
State Street Corp. (
Northern Trust Corp. (Chicago) -- $1.5 billion
Huntington Bancshares Inc. (
First Horizon National Corp. (
City National Corp. (
Valley National Bancorp (
UCBH Holdings Inc. (
Washington Federal Savings (Seattle) -- $200 million
First Niagara Financial Group Inc. (
HF Financial Corp. (

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