WHERE IS YOUR BAILOUT MONEY

Nearing the Century Mark

By Chris Carey on November 22, 2008 2:58 PM |

BailoutSleuth has updated its master list of banks that have been approved to receive taxpayer money through the Treasury Department's capital purchase program.

We've now identified 95 banks that have been picked to sell preferred stock to the Treasury Department as part of its plan to inject new capital directly into financial institutions to strengthen their balance sheets and stimulate lending.

The total amount of money approved for the banks is approaching $180 billion, a figure that does not include the $40 billion that the Treasury Department has pledged to American International Group Inc., the big insurance and investment firm.

Some of the new banks on the list announced their approval yesterday. They include Ameris Bancorp., a bank in southern Georgia that will get $52 million from the government, and Home Bancshares Inc., of Conway, Ark., which will get $50 million.

BailoutSleuth's updated roster also includes several banks that did not put out press releases announcing their participation, but simply noted it within larger Securities and Exchange Commission filings.

Keep reading to see the master list.

Here are the banks known to have selected for federal investments:

Citigroup Inc. (New York) -- $25 billion

JPMorgan Chase & Co. (New York) - $25 billion

Wells Fargo & Co. (San Francisco) -- $25 billion

Bank of America Corp. (Charlotte, N.C.) -- $15 billion

Goldman Sachs Group Inc. (New York) -- $10 billion

Merrill Lynch & Co. (New York) -- $10 billion

Morgan Stanley (New York) -- $10 billion

PNC Financial Services Group Inc. (Pittsburgh) -- $7.7 billion

US Bancorp (Minneapolis) -- $6.6 billion

Capital One Financial Corp. (McLean, Va.) -- $3.55 billion

Regions Financial Corp. (Birmingham, Ala.) -- $3.5 billion

SunTrust Banks Inc. (Atlanta) -- $3.5 billion

Fifth Third Bancorp (Cincinnati) -- $3.4 billion

BB&T Corp. (Winston-Salem, NC) -- $3.1 billion

Bank of New York Mellon (New York) -- $3 billion

Keycorp (Cleveland) -- $2.5 billion

Comerica Inc. (Dallas) -- $2.25 billion

State Street Corp. (Boston) -- $2 billion

Marshall & Ilsley Corp. (Milwaukee) -- $1.7 billion

Northern Trust Corp. (Chicago) -- $1.5 billion

Huntington Bancshares Inc. (Columbus, Ohio) -- $1.4 billion

Zions Bancorporation of Salt Lake City will get $1.4 billion

Synovus (Columbus, Ga.) -- $973 million

Popular Inc. (San Juan, Puerto Rico) -- $950 million

First Horizon National Corp. (Memphis, Tenn.) -- $866 million

M&T Bank Corp (Buffalo, N.Y.) -- $600 million

Associated Banc-Corp. (Green Bay, Wis.) -- $530 million

Webster Financial Corp. (Waterbury, Conn.) -- $400 million

City National Corp. (Beverly Hills, Calif.) -- $395 million

TCF Financial Corp. (Wayzata, Minn.) -- $361 million.

The South Financial Group (Greenville, N.C.) -- $347 million

Valley National Bancorp (Wayne, N.J.) -- $330 million

East West Bancorp (Pasadena, Calif.) -- $316 million

Citizens Republic Bancorp (Flint, Mich.) -- $300 million

Susquehanna Bancshares Inc. (Lititz, Pa.) -- $300 million

UCBH Holdings Inc. (San Francisco) -- $298 million

Cathay General Bancorp (Los Angeles) -- $258 million

FirstMerit Corp. (Akron, Ohio) -- $248 million

International Bancshares Corp. (Laredo, Tex.) -- $216 million

Trustmark Corp. (Jackson, Miss.) -- $215 million

Umpqua Holdings Corp. (Portland, Ore.) -- $214 million

Washington Federal Savings (Seattle) -- $200 million

MB Financial ( Chicago) -- $193 million

First Midwest Bancorp Inc. (Itasca, Ill.) --$193 million

Pacific Capital Bancorp (Santa Barbara, Calif.) -- $188 million.

First Niagara Financial Group Inc. (Buffalo, N.Y.) -- $186 million

United Community Banks (Blairsville, Ga.) -- $180 million

Provident Bankshares (Baltimore) -- $151 million

Boston Private Financial Holdings Inc. (Boston) -- $150 million

Old National Bank (Evansville, Ind.) -- $150 million

Western Alliance Bancorporation (Las Vegas) -- $140 million.

CVB Financial Corp. (Ontario, Calif.) -- $130 million

Banner Corp. (Walla Walla, Wash.) -- $124 million

Signature Bank (New York) -- $120 million

Iberiabank Corp. (Lafayette, La.) -- $115 million

Taylor Capital Group Inc. (Rosemont, Ill.) -- $105 million

Midwest Banc Holdings Inc. (Melrose Park, Ill.) -- $86 million

Sandy Spring Bancorp (Olney, Md.) -- $83 million.

First Financial Bancorp. (Cincinnati) -- $80 million

Columbia Banking System Inc. (Tacoma, Wash.) -- $76.9 million

Wesbanco Inc. (Wheeling, W.Va.) -- $75 million

Southwest Bancorp (Stillwater, Okla.) -- $70 million

Superior Bancorp (Birmingham, Ala.) -- $69 million

Nara Bancorp (Los Angeles) -- $67 million,

Wilshire Bancorp (Los Angeles) -- $62 million

Great Southern Bancorp (Springfield, Mo.) -- $60 million.

Ameris Bancorp. (Moultrie, Ga.) -- $52 million

Home Bancshares Inc. (Conway, Ark.) -- $50 million

Capital Bank Corp. (Raleigh, N.C.) -- $42.9 million

Southern Community Financial Corp. (Winston-Salem, N.C.) -- $42.75 million

Heritage Commerce Corp. (San Jose., Calif.) -- $40 million

Simmons First National Corp. (Pine Bluff, Ark.) -- $40 million

Cascade Financial Corp. (Everett, Wash.) -- $39 million

Peoples Bancorp (Marietta, Ohio) -- $39 million

Porter Bancorp Inc. (Louisville, Ky.) -- $39 million

Eagle Bancorp Inc. (Bethesda, Md.) -- $38.2 million

Encore Bancshares Inc. (Houston) -- $34 million.

Bancorp Rhode Island Inc. (Providence, R.I.) -- $30 million

Severn Bancorp (Annapolis, Md.) -- $30 million

Peapack-Gladstone Financial Corp. (Gladstone, N.J.) -- $28.7 million

Intermountain Community Bancorp (Sandpoint, Idaho) -- $27 million

LNB Bancorp Inc. (Lorain, Ohio) -- $25.2 million

HF Financial Corp. (Sioux Falls, S.D.) -- $25 million

Heritage Financial Corp. (Olympia, Wash.) -- $24 million.

Wainwright Bank & Trust Co. (Boston) -- $22 million

Indiana Community Bancorp (Columbus, Ind.) -- $21.5 million

First PacTrust Bancorp Inc. (Chula Vista, Calif.) -- $19.3 million

HopFed Bancorp Inc. (Hopkinsville, Ky.) -- $18.4 million.

Bank of Commerce Holdings Inc. (Redding, Calif.) -- $17 million

1^st Financial Services Corp. (Hendersonville, N.C.) -- $16.3 million

Community West Bancshares (Goleta, Calif.) -- $15.6 million

Broadway Financial Group ( Los Angeles) -- $9 million

FFW Corp. (Wabash, Ind.) -- $7.3 million

Capital Pacific Bancorp (Portland, Ore.) -- $4 million

Saigon National Bank (Westminster, Calif.) -- $1.2 million