Nearing the Century Mark

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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., a bank in southern Georgia 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 (Salt Lake City) -- $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

 

 

 

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This page contains a single entry by Chris Carey published on November 22, 2008 2:58 PM.

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