Regional Banks Refusing TARP Funds (BXS, CFR, FCF, HCBK, PRSP, WFD)
Up)
From 247wallst.com
Bailouts, handouts, subsidies, and free money be damned. In times when most large financial institutions are lining up for their share of TARP funds, there are many regional banks out there which have decided to refuse the government's bailout TARP funds. These banks say the are solid, and many of their share prices have held up much better than many of the troubled banks which are taking TARP monies. Some of these regional banks are BancorpSouth, Inc. (NYSE: BXS), Cullen/Frost Bankers, Inc. (NYSE: CFR), First Commonwealth Financial Corporation (NYSE: FCF), Hudson City Bancorp, Inc. (Nasdaq: HCBK), Prosperity Bancshares, Inc. (Nasdaq: PRSP), and Westfield Financial, Inc. (NASDAQ: WFD). These are the more actively traded stocks and what gets interesting is the explanation for refusing to accept TARP funds and the ratios of some of these banking institutions...
Read More at 247wallst.com
Bailouts, handouts, subsidies, and free money be damned. In times when most large financial institutions are lining up for their share of TARP funds, there are many regional banks out there which have decided to refuse the government's bailout TARP funds. These banks say the are solid, and many of their share prices have held up much better than many of the troubled banks which are taking TARP monies. Some of these regional banks are BancorpSouth, Inc. (NYSE: BXS), Cullen/Frost Bankers, Inc. (NYSE: CFR), First Commonwealth Financial Corporation (NYSE: FCF), Hudson City Bancorp, Inc. (Nasdaq: HCBK), Prosperity Bancshares, Inc. (Nasdaq: PRSP), and Westfield Financial, Inc. (NASDAQ: WFD). These are the more actively traded stocks and what gets interesting is the explanation for refusing to accept TARP funds and the ratios of some of these banking institutions...
Read More at 247wallst.com
You May Also Be Interested In
- Siliconware Precision (SPIL) Shares Drop on Volatility Spike
- Analysts Evaluate Grexit Scenarios
- EUR/CHF Spike Remains Mystery
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
