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Treasury's Capital Purchase Program Price Tag Is $157 Billion and Counting

October 27, 2008 12:10 PM EDT
A number of regional banks announced plans this weekend and today to tap the U.S. Treasury's Capital Purchase Program.

The total spent under the Treasury's plan to buy up to $250 billion of senior preferred bank shares is now $156.6 billion, including the original $125 billion announced for the nine largest U.S. banks.

Here is a run down of the banks and amounts so far. Many more expected:

PNC Financial (NYSE: PNC) $7.7 billion (merger with National City (NYSE: NCC))
Capital One (NYSE: COF) $3.55 billion
Regions Financial Corporation (NYSE: RF) $3.5 billion
Fifth Third Bancorp (NASDAQ: FITB): $3.4 billion
SunTrust Banks (NYSE: STI): $3.5 billion
KeyCorp (NYSE: KEY): $2.5 billion
Comerica Incorporated (NYSE: CMA): $2.25 billion
Northern Trust Corporation (Nasdaq: NTRS) $1.5 billion
Huntington Bancshares (Nasdaq: HBAN) $1.4 billion
First Horizon National Corp. (NYSE: FHN): $866 million
City National Corporation (NYSE: CYN) $395 million
Valley National Bancorp (NYSE: VLY) $330 million
UCBH Holdings, Inc. (NASDAQ: UCBH): $298 million
Washington Federal (NASDAQ: WFSL): $230 million
First Niagara Financial Group, Inc. (Nasdaq: FNFG): $186 million

The original nine:

Citigroup (NYSE: C) $25 billion
JP Morgan (NYSE: JPM) $25 billion
Bank of America (NYSE: BAC) $25 billion (buying Merrill Lynch (NYSE: MER))
Wells Fargo (NYSE: WFC) $25 billion
Goldman Sachs (NYSE: GS) $10 billion
Morgan Stanley (NYSE: MS) $10 billion
Bank of New York Mellon (NYSE: BK) $3 billion
State Street Corporation, (NYSE: STT) $2 billion

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