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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
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] and Citigroup [C
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], 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
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] $7.7 billion
- Capital One Financial [COF
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] $3.55 billion
- Regions Financial [RF
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] $3.5 billion
- SunTrust Banks [STI
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] $3.5 billion
- KeyCorp [KEY
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] $2.5 billion
- Comerica [CMA
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]$2.25 billion
- State Street [STT
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] $2.0 billion
- Northern Trust [NTRS
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] $1.5 billion
- Huntington Bancshares [HBAN
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] $1.4 billion
- First Horizon National [FHN
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] $866 million
- City National [CYN
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] $395 million
- Valley National Bancorp [VLY
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] $330 million
- UCBH [UCBH
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] $298 million
- Washington Federal [WFSL
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] $200 million
- First Niagara Financial [FNFG
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] $186 million
NOTE: West Bancorp [WCBO
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] said on Friday it was seeking shareholder approval to raise between $12 million and $36 million under the Treasury program. Fifth Third Bancorp [FITB
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] said on Sunday it expected to receive Treasury approval for $3.4 billion.





