News, analysis and personal reflections on the markets & the financial sector

Wednesday, December 31, 2008

TARP Bank Capital Infusion List


After the Treasury Department announced that it has provided an additional $4.7 billion to 92 banks as part of the government’s $700 billion rescue of the financial system the list of the banks receiving this aid has lengthened substantially.

The Treasury Department created the Capital Purchase Program, a part of the Troubled Asset Relief Program, to help to stabilize and strengthen the U.S. financial system. Treasury allocated $250 billion under TARP’s Capital Purchase Program to invest in U.S. financial institutions. The fund was established and the investments in these banks were made as part of the government’s effort to buy stock in banks, to strengthen their balance sheets and stimulate the banks to increase lending in effort to unfreeze credit markets and provide further deterioration in the U.S economy.

On the most recent list of banks receiving TARP funds released Tuesday were 14 banks that are not publicly traded. These are the first banks that are not publicly traded to receive government funds. The complete lists of the banks that have received government finds is as follows:
(see Artremis for the full list of TARP Bank Capital Infusion)

  • Bank of America Corporation Charlotte NC $15,000,000,000
  • Bank of New York Mellon Corporation New York NY $3,000,000,000
  • Citigroup Inc. New York NY $25,000,000,000
  • The Goldman Sachs Group, Inc. New York NY $10,000,000,000
  • JPMorgan Chase & Co. New York NY $25,000,000,000
  • Morgan Stanley New York NY $10,000,000,000
  • State Street Corporation Boston MA $2,000,000,000
  • Wells Fargo & Company San Francisco CA $25,000,000,000
  • Merrill Lynch & Co., Inc. New York NY $10,000,000,000
  • Bank of Commerce Holdings Redding CA $17,000,000
  • 1st FS Corporation Hendersonville NC $16,369,000
  • UCBH Holdings, Inc. San Francisco CA $298,737,000
  • Northern Trust Corporation Chicago IL Purchase $1,576,000,000
  • SunTrust Banks, Inc. Atlanta GA $3,500,000,000
  • Broadway Financial Corporation Los Angeles CA $9,000,000
  • Washington Federal Inc. Seattle WA $200,000,000
  • BB&T Corp. Winston-Salem NC $3,133,640,000
  • Provident Bancshares Corp. Baltimore MD $151,500,000
  • Umpqua Holdings Corp. Portland OR $214,181,000
  • Comerica Inc. Dallas TX $2,250,000,000
  • Regions Financial Corp. Birmingham AL $3,500,000,000
  • Capital One Financial Corporation McLean VA $3,555,199,000
  • First Horizon National Corporation Memphis TN $866,540,000
  • Huntington Bancshares Columbus OH $1,398,071,000
  • KeyCorp Cleveland OH $2,500,000,000
  • Valley National Bancorp Wayne NJ $300,000,000
  • Zions Bancorporation Salt Lake City UT $1,400,000,000
  • Marshall & Ilsley Corporation Milwaukee WI $1,715,000,000
  • U.S. Bancorp Minneapolis MN $6,599,000,000
  • TCF Financial Corporation Wayzata MN $361,172,000
  • First Niagara Financial Group Lockport NY $184,011,000
  • HF Financial Corp. Sioux Falls SD $25,000,000
  • Centerstate Banks of Florida Inc. Davenport FL $27,875,000
  • City National Corporation Beverly Hills CA $400,000,000
  • First Community Bankshares Inc. Bluefield VA $41,500,000
  • Western Alliance Bancorporation Las Vegas NV $140,000,000
  • Webster Financial Corporation Waterbury CT $400,000,000
  • Pacific Capital Bancorp Santa Barbara CA $180,634,000
  • Heritage Commerce Corp. San Jose CA $40,000,000
  • Ameris Bancorp Moultrie GA $52,000,000
  • Porter Bancorp Inc. Louisville KY $35,000,000
  • Banner Corporation Walla Walla WA $124,000,000
  • Cascade Financial Corporation Everett WA $38,970,000
  • Columbia Banking System, Inc. Tacoma WA $76,898,000
  • Heritage Financial Corporation Olympia WA $24,000,000
  • First PacTrust Bancorp, Inc. Chula Vista CA $19,300,000
  • Severn Bancorp, Inc. Annapolis MD $23,393,000
  • Boston Private Financial Holdings, Inc. Boston MA $154,000,000
  • Associated Banc-Corp Green Bay WI $525,000,000
  • Trustmark Corporation Jackson MS $215,000,000
  • First Community Corporation Lexington SC $11,350,000
  • Taylor Capital Group Rosemont IL $104,823,000
  • Nara Bancorp, Inc. Los Angeles CA $67,000,000
  • Midwest Banc Holdings, Inc. Melrose Park IL $84,784,000
  • MB Financial Inc. Chicago IL $196,000,000
  • First Midwest Bancorp, Inc. Itasca IL $193,000,000
  • United Community Banks, Inc. Blairsville GA $180,000,000
  • Wesbanco Bank Inc. Wheeling WV $75,000,000
  • Encore Bancshares Inc. Houston TX $34,000,000
  • Manhattan Bancorp El Segundo CA $1,700,000
  • Iberiabank Corporation Lafayette LA $90,000,000
  • Eagle Bancorp, Inc. Bethesda MD $38,235,000
  • Sandy Spring Bancorp, Inc. Olney MD $83,094,000
  • Coastal Banking Company, Inc. Fernandina Beach FL $9,950,000
  • East West Bancorp Pasadena CA $306,546,000
  • South Financial Group, Inc. Greenville SC $347,000,000
  • Great Southern Bancorp Springfield MO $58,000,000
  • Cathay General Bancorp Los Angeles CA $258,000,000
  • Southern Community Financial Corp. Winston-Salem NC $42,750,000
  • CVB Financial Corp Ontario CA $130,000,000
  • First Defiance Financial Corp. Defiance OH $37,000,000
  • First Financial Holdings Inc. Charleston SC $65,000,000
  • Superior Bancorp Inc. Birmingham AL $69,000,000
  • Southwest Bancorp, Inc. Stillwater OK $70,000,000
  • Popular, Inc. San Juan PR $935,000,000
  • Blue Valley Ban Corp Overland Park KS $21,750,000
  • Central Federal Corporation Fairlawn OH $7,225,000
  • Bank of Marin Bancorp Novato CA $28,000,000
  • Bank of North Carolina Thomasville NC $31,260,000
  • Central Bancorp, Inc. Somerville MA $10,000,000
  • Southern Missouri Bancorp, Inc. Poplar Bluff MO $9,550,000
  • State Bancorp, Inc. Jericho NY $36,842,000
  • TIB Financial Corp Naples FL $37,000,000
  • Unity Bancorp, Inc. Clinton NJ $20,649,000
  • Old Line Bancshares, Inc. Bowie MD $7,000,000
  • FPB Bancorp, Inc. Port St. Lucie FL $5,800,000
  • Sterling Financial Corporation Spokane WA $303,000,000
  • Oak Valley Bancorp Oakdale CA $13,500,000
  • Old National Bancorp Evansville IN $100,000,000
  • Capital Bank Corporation Raliegh NC $41,279,000
  • Pacific International Bancorp Seattle WA $6,500,000
  • SVB Financial Group Santa Clara CA $235,000,000
  • LNB Bancorp Inc. Lorain OH $25,223,000
  • Wilmington Trust Corporation Wilmington DE $330,000,000
  • Susquehanna Bancshares, Inc Lititz PA $300,000,000
  • Signature Bank New York NY $120,000,000
  • HopFed Bancorp Hopkinsville KY $18,400,000
  • Citizens Republic Bancorp, Inc. Flint MI $300,000,000
  • Indiana Community Bancorp Columbus IN $21,500,000
  • Bank of the Ozarks, Inc. Little Rock AR $75,000,000
  • Center Financial Corporation Los Angeles CA $55,000,000
  • NewBridge Bancorp Greensboro NC $52,372,000
  • Sterling Bancshares, Inc. Houston TX $125,198,000
  • The Bancorp, Inc. Wilmington DE $45,220,000
  • TowneBank Portsmouth VA $76,458,000
  • Wilshire Bancorp, Inc. Los Angeles CA $62,158,000
  • Valley Financial Corporation Roanoke VA $16,019,000
  • Independent Bank Corporation Ionia MI $72,000,000
  • Pinnacle Financial Partners, Inc. Nashville TN $95,000,000
  • First Litchfield Financial Corporation Litchfield CT $10,000,000
  • National Penn Bancshares, Inc. Boyertown PA $150,000,000
  • Northeast Bancorp Lewiston ME $4,227,000
  • Citizens South Banking Corporation Gastonia NC $20,500,000
  • Virginia Commerce Bancorp Arlington VA $71,000,000
  • Fidelity Bancorp, Inc. Pittsburgh PA $7,000,000
  • LSB Corporation North Andover MA $15,000,000
  • Intermountain Community Bancorp Sandpoint ID $27,000,000
  • Community West Bancshares Goleta CA $15,600,000
  • Synovus Financial Corp. Columbus GA $967,870,000
  • Tennessee Commerce Bancorp, Inc. Franklin TN $30,000,000
  • Community Bankers Trust Corporation Glen Allen VA $17,680,000
  • BancTrust Financial Group, Inc. Mobile AL $50,000,000
  • Enterprise Financial Services Corp. St. Louis MO $35,000,000
  • Mid Penn Bancorp, Inc. Millersburg PA $10,000,000
  • Summit State Bank Santa Rosa CA Purchase $8,500,000
  • VIST Financial Corp. Wyomissing PA Purchase$25,000,000
  • Wainwright Bank & Trust Company Boston MA $22,000,000
  • Whitney Holding Corporation New Orleans LA $300,000,000
  • The Connecticut Bank and Trust Company Hartford CT $5,448,000
  • CoBiz Financial Inc. Denver CO $64,450,000
  • Santa Lucia Bancorp Atascadero CA $4,000,000
  • Seacoast Banking Corporation of Florida Stuart FL $50,000,000
  • Horizon Bancorp Michigan City IN $25,000,000
  • Fidelity Southern Corporation Atlanta GA $48,200,000
  • Community Financial Corporation Staunton VA $12,643,000
  • Berkshire Hills Bancorp, Inc. Pittsfield MA $40,000,000
  • First California Financial Group, Inc Westlake Village CA $25,000,000
  • AmeriServ Financial, Inc Johnstown PA $21,000,000
  • Security Federal Corporation Aiken SC $18,000,000
  • Wintrust Financial Corporation Lake Forest IL $250,000,000
  • Flushing Financial Corporation Lake Success NY $70,000,000
  • Monarch Financial Holdings, Inc. Chesapeake VA $14,700,000
  • StellarOne Corporation Charlottesville VA $30,000,000
  • Union Bankshares Corporation Bowling Green VA $59,000,000
  • Tidelands Bancshares, Inc Mt. Pleasant SC $14,448,000
  • Bancorp Rhode Island, Inc. Providence RI $30,000,000
  • Hawthorn Bancshares, Inc. Lee’s Summit MO $30,255,000
  • The Elmira Savings Bank, FSB Elmira NY $9,090,000
  • Alliance Financial Corporation Syracuse NY $26,918,000
  • Heartland Financial USA, Inc. Dubuque IA $81,698,000
  • Citizens First Corporation Bowling Green KY $8,779,000
  • FFW Corporation Wabash IN $7,289,000
  • Plains Capital Corporation Dallas TX $87,631,000
  • Tri-County Financial Corporation Waldorf MD $15,540,000
  • OneUnited Bank Boston MA $12,063,000
  • Patriot Bancshares, Inc. Houston TX $26,038,000
  • Pacific City Finacial Corporation Los Angeles CA $16,200,000
  • Marquette National Corporation Chicago IL $35,500,000
  • Exchange Bank Santa Rosa CA $43,000,000
  • Monadnock Bancorp, Inc. Peterborough NH $1,834,000
  • Bridgeview Bancorp, Inc. Bridgeview IL $38,000,000
  • Fidelity Financial Corporation Wichita KS $36,282,000
  • Patapsco Bancorp, Inc. Dundalk MD $6,000,000
  • NCAL Bancorp Los Angeles CA $10,000,000
  • FCB Bancorp, Inc. Louisville KY $9,294,000

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