0
Dec 18, 2008 04:57:59 PM Here's our running count of the TARP (Troubled Asset Relief Program), the $700 billion bill passed and signed in October. We'll update as more names come in. And if you've heard of new recipients, drop us a line. Number of financial institutions: 211 Total amount committed for investment as of Dec 18, 2008 04:57:59 PM: $247.45 billion Total amount actually invested: $199.21 billion In addition to these totals, the Treasury has set aside $25 billion more for other purposes. A number of financial institutions have announced their applications for TARP money, but haven't yet received approval. We've left them off this list until they're approved. Also, it takes some time for Treasury to actually execute these transactions after preliminary approval - time taken to finalize the agreements. That's why not all of the money committed for investment has actually been invested yet. Institutions that have received the money are marked in green. All of the institutions below have received preliminary approval from Treasury. In the Background column, profiles of the financial institutions (including total revenue, lobbying reports, executive compensation, etc.) come from the hardworking folks at Taxpayers for Common Sense. Where a profile isn't yet available, we've linked to the press release. See ProPublica's continuing bailout coverage. Subscribe to our special RSS bailout feed, which shows the latest institutions to be accepted into the bailout program. Or put a bailout watch widget on your site.
Map of institutions receiving TARP money (see a bigger version of this map):
Map data ©2008 Europa Technologies - Terms of Use
Click on column headings to re-sort. {| ! Bank Name |- ! Date
Accepted ! Background ! colspan="2" | Bailout Amount (in Millions) | Citigroup 10/14/08 Profile $45,000
AIG 11/10/08 Press Release $40,000
JPMorgan Chase 10/14/08 Profile $25,000
Wells Fargo 10/14/08 Press Release $25,000
Bank of America (incl. Merrill Lynch) 10/14/08 Profile $25,000
Goldman Sachs 10/14/08 Profile $10,000
Morgan Stanley 10/14/08 Press Release $10,000
PNC Financial Services 10/24/08 Profile $7,700
U.S. Bancorp 11/03/08 Profile $6,599
SunTrust 10/27/08 Profile $4,900
Capital One Financial Corp. 10/27/08 Profile $3,555.2
Regions Financial Corp. 10/24/08 Press Release $3,500
Fifth Third Bancorp 10/27/08 Profile $3,450
BB&T 10/27/08 Profile $3,133.6
Bank of New York Mellon 10/14/08 Profile $3,000
KeyCorp 10/27/08 Profile $2,500
Comerica Incorporated 10/27/08 Press Release $2,250
State Street 10/14/08 Press Release $2,000
Marshall & Ilsley 10/28/08 Press Release $1,715
Northern Trust 10/27/08 Press Release $1,576
Zions Bancorp 10/28/08 Profile $1,400
Huntington Bancshares 10/27/08 Press Release $1,398.1
Synovus Financial Corp. 11/14/08 Profile $973
Popular, Inc. 11/18/08 Press Release $935
First Horizon National 10/24/08 Profile $866
M&T Bank Corporation 11/20/08 Press Release $600
Colonial BancGroup, Inc. 12/02/08 Press Release $550
Associated Banc-Corp 11/06/08 Profile $525
City National 10/27/08 Profile $400
Webster Financial 11/07/08 Profile $400
Fulton Financial Corp 12/10/08 Press Release $375
Astoria Financial Corp 12/10/2008 Press Release $375
TCF Financial 11/03/08 Profile $361.2
South Financial Group 11/14/08 Press Release $347
Valley National 10/24/08 Profile $330
Wilmington Trust Corporation 11/14/08 Profile $330
East West Bancorp, Inc. 11/14/08 Press Release $306.5
Sterling Financial Corp 11/24/08 Press Release $303
Whitney Holding Corp 11/26/08 Profile $301
Susquehanna Bancshares 11/19/08 Press Release $300
Tennessee Commerce Bancorp 11/25/08 Profile $300
Citizens Republic Bancorp 11/14/08 Profile $300
UCBH Holdings 10/27/08 Profile $298.7
Cathay General Bancorp 11/18/08 Profile $258
Wintrust Financial Corp 11/26/08 Profile $250
FirstMerit Corp 11/13/08 Press Release $248
SVB Financial Group 12/03/08 Press Release $235
International Bancshares Corporation 11/20/08 Press Release $216
Trustmark Corp 11/06/08 Profile $215
Umpqua 10/28/08 Profile $214.2
Washington Federal Inc. 10/27/08 Press Release $200
United Bankshares 12/03/08 Press Release $197
MB Financial 11/07/08 Press Release $196
First Midwest Bancorp 11/10/08 Profile $193
First Niagara 10/27/08 Profile $184
Pacific Capital Bancorp 11/06/08 Profile $180.6
United Community Banks 11/18/08 Press Release $180
Boston Private Financial Holdings 11/19/08 Profile $154
Provident Bankshares Corp. 10/27/08 Press Release $151
National Penn Bancshares 11/26/08 Press Release $150
Western Alliance Bancorporation 11/13/08 Profile $140
Central Pacific Financial Corp 12/09/08 Press Release $135
CVB Finanical 11/19/08 Profile $130
Sterling Bancshares 12/02/08 Press Release $125
Banner Corp 11/04/08 Profile $124
Signature Bank 11/13/08 Profile $120
1st Source Corp 12/08/08 Press Release $111
Taylor Capital 11/12/08 Press Release $104.8
Old National Bancorp 10/27/08 Profile $100
Park National Corporation 12/02/08 Press Release $100
Pinnacle Financial 11/25/08 Press Release $95
IBERIABANK Corp 11/18/08 Profile $90
Midwest Banc Holdings 11/07/08 Profile $84.8
Sandy Spring Bancorp 11/20/08 Press Release $83
Heartland Financial USA 12/10/08 Press Release $81.7
First Financial Bancorp 10/31/08 Press Release $80
Independent Bank Corp 12/08/08 Press Release $78
Dime Community Bancshares 12/05/08 Profile $77.3
Columbia Banking System 11/04/08 Profile $76.9
TowneBank 11/26/08 Profile $76.5
WesBanco 11/06/08 Profile $75
Bank of the Ozarks 12/02/08 Profile $75
Green Bankshares 11/25/08 Press Release $72.3
Independent Bank Corporation 11/24/08 Press Release $72
Virginia Commerce Bancorp 11/26/08 Press Release $71
Southwest Bancorp 11/20/08 Press Release $70
Flushing Financial Corp 12/03/08 Press Release $70
Superior Bancorp 11/18/08 Press Release $69
Community Trust Bancorp 12/15/2008 Press Release $68
Nara Bancorp 11/14/08 Profile $67
First Bancorp 12/15/2008 Press Release $65
First Financial Holdings 12/01/08 Press Release $65
CoBiz Financial 12/15/2008 Press Release $64.5
Wilshire Bancorp 11/20/08 Profile $62.2
Enterprise Financial Services Corp 12/12/2008 Press Release $62
Lakeland Bancorp 12/16/2008 Press Release $59
Union Bankshares 12/15/2008 Press Release $59
Great Southern Bancorp 11/17/08 Profile $58
Gateway Financial Holdings 12/05/08 Press Release $58
MainSource Financial Group 12/17/2008 Press Release $57
Center Financial Corp 11/24/08 Press Release $55
NewBridge Bancorp 11/25/08 Press Release $52.4
Ameris Bancorp 11/21/08 Profile $52
BancTrust Financial Group 12/15/2008 Press Release $50
Seacoast Banking Corp 12/10/08 Press Release $50
Home BancShares, Inc. 11/21/08 Press Release $50
Fidelity Southern Corp 11/24/08 Press Release $48.2
The Bancorp 11/25/08 Press Release $45.2
MetroCorp Bancshares 12/15/2008 Press Release $45
Cadence Financial Corp 12/11/08 Press Release $44
Southern Community Financial 11/18/08 Press Release $42.8
Sterling Bancorp 12/09/08 Press Release $42
First Community Bancshares 10/30/08 Press Release $41.5
Capital Bank 11/17/08 Press Release $41.3
Cardinal Financial Corp 12/12/2008 Press Release $41.2
Simmons First National 10/30/08 Profile $40
First M&F Corp 12/16/2008 Press Release $40
Heritage Commerce Corp 11/05/08 Profile $40
Cascade Financial Corp 11/03/08 Profile $39
Peoples Bancorp 11/13/08 Profile $39
Eagle Bancorp 11/21/08 Press Release $38.2
Financial Institutions 12/05/08 Press Release $37.5
First Defiance Financial Corp 11/24/08 Press Release $37
TIB Financial Corp 12/01/08 Press Release $37
State Bancorp 11/25/08 Press Release $36.8
West Bancorporation 12/08/08 Press Release $36
Porter Bancorp 11/12/08 Profile $35
MidWestOne Financial Group 12/15/2008 Press Release $34.9
Encore Bancshares 11/13/08 Profile $34
Centrue Financial 12/16/2008 Press Release $32.7
MutualFirst Financial 12/05/08 Press Release $32
BNC Bancorp 12/08/08 Profile $31.3
Bank of North Carolina 12/09/08 Press Release $31.3
Farmers Capital Bank Corp 12/15/2008 Press Release $30
StellarOne Corp 12/03/08 Press Release $30
Peapack-Gladstone Financial 11/20/08 Press Release $28.7
Bank of Marin Bancorp 12/02/08 Profile $28
CenterState Banks of Florida, Inc. 11/24/08 Press Release $27.9
Intermountain Community Bancorp 11/07/08 Profile $27
Alliance Financial Corp 12/09/08 Press Release $26.9
Washington Banking Company 12/01/08 Press Release $26.4
LNB Bancorp 11/20/08 Press Release $25.2
Peoples Bancorp of North Carolina 12/09/08 Press Release $25.1
First California Financial Group 12/02/08 Press Release $25
HF Financial Corp 10/27/08 Press Release $25
Horizon Bancorp 11/26/08 Press Release $25
The First Bancorp 12/04/08 Press Release $25
Intervest Bancshares 12/12/08 Press Release $25
VIST Financial Corp 11/24/08 Press Release $25
Shore Bancshares 12/18/2008 Press Release $25
Crescent Financial Corp 12/08/08 Press Release $24.9
Bridge Capital Holdings 11/25/08 Press Release $24
Eastern Virginia Bankshares 12/08/08 Press Release $24
Heritage Financial 11/04/08 Press Release $24
Severn Bancorp 11/18/08 Profile $23.4
Hampton Roads Bankshares 12/05/08 Press Release $22.3
Wainwright Bank & Trust 11/20/08 Press Release $22
Blue Valley Ban Corp 12/09/08 Profile $21.8
Indiana Community Bancorp 11/20/08 Press Release $21.5
Unity Bancorp 11/24/08 Press Release $20.6
Citizens South Banking Corp 12/01/08 Profile $20.5
C&F Financial Corp 12/12/08 Press Release $20
MidSouth Bancorp 12/15/2008 Press Release $20
First PacTrust Bancorp, Inc. 11/12/08 Profile $19.3
Bar Harbor Bankshares 12/17/2008 Press Release $18.8
HopFed Bancorp 11/20/08 Press Release $18.4
Security Federal Corp 12/12/2008 Press Release $18
Bank of Commerce 11/13/08 Profile $17
Timberland Bancorp 12/17/2008 Press Release $16.6
1st Financial Services 11/14/08 Profile $16.3
Valley Financial Corp 11/26/08 Press Release $16
Community West Bancshares 11/14/08 Press Release $15.6
LSB Corp 12/08/08 Press Release $15
Monarch Financial Holdings 12/04/08 Press Release $14.7
Oak Valley Bancorp 12/03/08 Press Release $13.5
Wilber Corp 12/09/08 Press Release $12
First Community Corp 11/25/08 Press Release $11.4
BCSB Bancorp 12/15/2008 Press Release $10.8
Central Bancorp 12/05/08 Press Release $10
Mid Penn Bancorp 11/26/08 Press Release $10
NCAL Bancorp 12/11/08 Press Release $10
First Litchfield Financial Corp 12/12/08 Press Release $10
Center Bancorp 12/09/08 Press Release $10
Coastal Banking Company 12/05/08 Press Release $10
Southern Missouri Bancorp 12/09/08 Press Release $9.5
Elmira Savings Bank 12/09/08 Press Release $9.1
Broadway Financial Corporation 11/14/08 Profile $9
Citizens First Corp 12/10/08 Press Release $8.8
Commonwealth Business Bank 12/11/08 Press Release $7.7
FFW Corp 10/29/08 Press Release $7.3
Central Federal Corp 11/24/08 Press Release $7.2
Fidelity Bancorp 12/04/08 Press Release $7
CNB Financial Corp 12/12/08 Press Release $7
Old Line Bancshares 12/05/08 Press Release $7
Security California Bancorp 12/02/08 Press Release $6.8
Pacific International Bancorp 12/12/2008 Press Release $6.5
American River Bankshares 11/24/08 Profile $6
Patapsco Bancorp 12/11/08 Press Release $6
FPB Bancorp 12/05/08 Press Release $5.8
Connecticut Bank and Trust Company 12/03/08 Press Release $5.4
The Connecticut Bank and Trust Company 12/03/08 Press Release $5.4
Commerce National Bank 12/03/08 Profile $5
Northeast Bancorp 12/12/08 Press Release $4.2
Pacific Coast National Bancorp 12/16/2008 Press Release $4.1
Pacific Commerce Bank 12/10/08 Press Release $4.1
Capital Pacific Bancorp 11/06/08 Press Release $4
First Bankshares 12/12/08 Press Release $3.5
Community 1st Bank 12/12/2008 Press Release $2.6
Seacoast Commerce Bank 12/01/08 Press Release $1.8
Manhattan Bancorp 12/09/08 Press Release $1.7
Saigon National 10/27/08 Press Release $1.2
http://www.propublica.org/feature/bailout-bucks-to-banks-1028
|}
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Who Gave Bailout Money To Banks?
Obama
Which banks that didn't received federal taxpayer bailout money?
http://money.cnn.com/2009/09/11/markets/thebuzz/index.htm This is from the website from above: I've dug up, with the help of research available on TARP tracker Bailoutsleuth.com, at least 54 publicly traded banks that explicitly refused to take part in TARP. And it's worth pointing out that several of them are decent-sized. Hudson City Bancorp (HCBK) and People's United Financial (PBCT) are both in the S&P 500. Commerce Bancshares (CBSH), BOK Financial (BOKF) and NY Community Bancorp (NYB) are among the 50 largest banks in the country as ranked by assets, according to figures from the Federal Reserve.
What does bail out banks mean?
A bail out can be considered as a financial help that was given/provided to almost all banks in the United States during the financial crisis a few years ago. Because of the economic crisis, more than 100 banks declared bankruptcy. To avoid further banks from failing, the government of the United States created a bailout plan through which the Federal Reserve granted financial help accounting to hundreds of billions of dollars to banks across the country. The banks used this money to stabilize their positions and are slowly repaying the Federal Reserve the money they got from them
How does the Americans pay for Bushs bailout?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
Who will receive the bailout money?
Nobody would receive the bailout money directly/Freely. The US Federal Reserve plans at buying illiquid securities from the banks & other financial institutions that are in trouble now. They would be buying assets like MBS (Mortgage Backed Securities), CDO's (Collateralized Debt Obligations) etc The proportion in which each banks assets would be bought by this bailout plan would be decided by the plan coordinators. The proceeds of this asset buying by the reserve (Cash) would be used by these banks and financial institutions to meet their liquidity needs and to infuse further liquidity into the economy. The Fed Reserve would sell these assets at a later point of time once the economy stabilizes and repay the Treasury.
What industry received a bailout from the federal government in the 1980s?
Savings and loan banks
Who is on the government bailout?
Only the big boys are getting bailed out - Banks with ties to the Federal Reserve and the Treasury, Investment banks, etc. See the related question on Congressional oversight.
Who Gave Bailout Money To Banks?
Obama
Can you get a loan from the bailout?
No, the bailout is meant to allow funds for business and banks to operate on credit. You would have to qualify for a loan.
Which banks that didn't received federal taxpayer bailout money?
http://money.cnn.com/2009/09/11/markets/thebuzz/index.htm This is from the website from above: I've dug up, with the help of research available on TARP tracker Bailoutsleuth.com, at least 54 publicly traded banks that explicitly refused to take part in TARP. And it's worth pointing out that several of them are decent-sized. Hudson City Bancorp (HCBK) and People's United Financial (PBCT) are both in the S&P 500. Commerce Bancshares (CBSH), BOK Financial (BOKF) and NY Community Bancorp (NYB) are among the 50 largest banks in the country as ranked by assets, according to figures from the Federal Reserve.
What becomes of the earnings received by the Federal Reserve Banks?
The earnings of the Federal Reserve Banks are primarilyused to pay for the Federal Reserves Banks' operating expenses. Such as for salaries, utility expenses, and the cost of building upkeep. Monies left over are paid to the US Treasury.
Why did the us government decide to give banks a bailout during this crisis?
i dont no
Who does the bailout affect the most?
Positive Effect - On Banks & Financial institutions who are stuck with loads of bad debt Negative Effect - On the US Treasury and Federal Reserve because they are the ones who is spending this 700 billion
What is the 700 billion bailout for?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
Why do you need bailout?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
What is the Meaning of a bailout word?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
How and when will taxpayers be affected on the bailout?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
