Treasury Plans To Announce List Of Regional Banks Tapping The TARP

According to reports from the Washington Post, the U.S. Treasury will announce, as early as today, a list of as many as 22 regional banks that have agreed to accept capital injections under the government's TARP program.

Regional banks including Capital One (NYSE: COF), Suntrust Bank (NYSE: STI), Regions Bancorp (NYSE: RF), KeyBank (NYSE: KEY) and possibly BB&T (NYSE: BBT) could ask for the government money.

Today, PNC (NYSE: PNC) announced it would issue the Treasury $7.7 billion in preferred stock and related warrants under the TARP plan following its acquisition on National City (NYSE: NCC).

Last week, the Treasury announced it would inject $125 billion into the largest U.S. banks, including Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC) and J.P. Morgan Chase (NYSE: JPM).

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