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Reuters | 27 Oct 2008 | 10:34 AM ET
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Fifteen 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 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 [JPM  Loading...      ()   ] and Citigroup [C  Loading...      ()   ], received the first $125 billion of capital infusions two weeks ago.

A list of the additional 15 banks that have announced they will use the government funds follows:

  • PNC Financial Services [PNC  Loading...      ()   ] $7.7 billion
  • Capital One Financial [COF  Loading...      ()   ] $3.55 billion
  • Regions Financial [RF  Loading...      ()   ] $3.5 billion
  • SunTrust Banks [STI  Loading...      ()   ] $3.5 billion
  • KeyCorp [KEY  Loading...      ()   ] $2.5 billion
  • Comerica  [CMA  Loading...      ()   ]$2.25 billion
  • State Street [STT  Loading...      ()   ] $2.0 billion
  • Northern Trust [NTRS  Loading...      ()   ] $1.5 billion
  • Huntington Bancshares [HBAN  Loading...      ()   ] $1.4 billion
  • First Horizon National [FHN  Loading...      ()   ] $866 million
  • City National [CYN  Loading...      ()   ] $395 million
  • Valley National Bancorp [VLY  Loading...      ()   ] $330 million
  • UCBH [UCBH  Loading...      ()   ] $298 million
  • Washington Federal [WFSL  Loading...      ()   ] $200 million
  • First Niagara Financial [FNFG  Loading...      ()   ] $186 million

NOTE: West Bancorp [WCBO  Loading...      ()   ] said on Friday it was seeking shareholder approval to raise between $12 million and $36 million under the Treasury program. Fifth Third Bancorp [FITB  Loading...      ()   ] said on Sunday it expected to receive Treasury approval for $3.4 billion.

Copyright 2008 Reuters. Click for restrictions.

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