yup. imo ncc was strongarmed by morons in washington who will most likely be out of a job in 3 months. look who did get tarp money. no one can tell me that ncc was not just as eligible.
Oct 27 (Reuters) - Sixteen U.S. banks have signed up for the
government's offer of a cash injection, in addition to the nine
that joined the program initially. The injections are a bid to
revive the sector, which has suffered since lending has dried up
and many loans have gone bad. The U.S. Treasury Department plans to provide funds for 20
to 22 lenders in the current round of a $250 billion bank
recapitalization program. Nine of the largest U.S. banks, including JPMorgan Chase &
Co (JPM.N: Quote, Profile, Research, Stock Buzz) and Citigroup (C.N: Quote, Profile, Research, Stock Buzz), received the first $125 billion
of capital infusions two weeks ago. A list of the additional 16 banks that have announced they
will use the government funds follows: PNC Financial Services Group Inc (PNC.N: Quote, Profile, Research, Stock Buzz) $7.7 billion Capital One Financial Corp (COF.N: Quote, Profile, Research, Stock Buzz) $3.55 billion Regions Financial Corp (RF.N: Quote, Profile, Research, Stock Buzz) $3.5 billion SunTrust Banks Inc (STI.N: Quote, Profile, Research, Stock Buzz) $3.5 billion BB&T Corp (BBT.N: Quote, Profile, Research, Stock Buzz) $3.1 billion KeyCorp (KEY.N: Quote, Profile, Research, Stock Buzz) $2.5 billion Comerica (CMA.N: Quote, Profile, Research, Stock Buzz) $2.25 billion State Street Corp (STT.N: Quote, Profile, Research, Stock Buzz) $2.0 billion Northern Trust Corp (NTRS.O: Quote, Profile, Research, Stock Buzz) $1.5 billion Huntington Bancshares (HBAN.O: Quote, Profile, Research, Stock Buzz) $1.4 billion First Horizon National Corp (FHN.N: Quote, Profile, Research, Stock Buzz) $866 million City National Corp (CYN.N: Quote, Profile, Research, Stock Buzz) $395 million Valley National Bancorp (VLY.N: Quote, Profile, Research, Stock Buzz) $330 million UCBH Holdings Inc (UCBH.O: Quote, Profile, Research, Stock Buzz) $298 million Washington Federal (WFSL.O: Quote, Profile, Research, Stock Buzz) $200 million First Niagara Financial Group (FNFG.O: Quote, Profile, Research, Stock Buzz) $186 million NOTE: Fifth Third Bancorp (FITB.O: Quote, Profile, Research, Stock Buzz) said on Sunday it
expected to receive Treasury approval for $3.4 billion. West
Bancorp (WTBA.O: Quote, Profile, Research, Stock Buzz) said on Friday it was seeking shareholder
approval to raise between $12 million and $36 million under the
Treasury program. Provident Bankshares Corp (PBKS.O: Quote, Profile, Research, Stock Buzz), the parent of
Baltimore-based Provident Bank, said on Monday it has been
informed that it has been granted preliminary approval by the
Treasury to participate in its program. Also on Monday, the Bank
of Commerce Holdings of Redding, California, said it was looking
at obtaining from $5.9 million to $17 million from the
Treasury.
(Reporting by Elinor Comlay; editing by John Wallace and Susan
Kelly)
