Where the bailout money went~ Reuters

Nov 14 (Reuters) - The U.S. Treasury's $700 billion bailout
plan known as TARP (Troubled Asset Relief Program) is one of
the main U.S. tools to address the financial crisis. [nCRISIS]
Friday was the deadline for banks to apply.
On Oct. 14, the Treasury Department set aside $250 billion
of the program to buy senior preferred shares and warrants in
banks, thrifts and other financial institutions. According to
the Treasury, half that money was allocated to nine big banks,
and, according to statements from individual banks, another $38
billion has been earmarked for regional or small banks.
On Monday, the government announced that $40 billion, its
single largest TARP investment, was going to American
International Group (AIG.N: Quote, Profile, Research, Stock Buzz).
TARP has committed or approved the following funding:
AIG (AIG.N: Quote, Profile, Research, Stock Buzz) $40 billion
JPMorgan (JPM.N: Quote, Profile, Research, Stock Buzz) $25 billion
Citigroup (C.N: Quote, Profile, Research, Stock Buzz) $25 billion
Wells Fargo (WFC.N: Quote, Profile, Research, Stock Buzz) $25 billion
Bank of America (BAC.N: Quote, Profile, Research, Stock Buzz) $15 billion
Merrill Lynch (MER.N: Quote, Profile, Research, Stock Buzz) $10 billion (note 1)
Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) $10 billion
Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) $10 billion
PNC Financial Services (PNC.N: Quote, Profile, Research, Stock Buzz) $7.7 billion
US Bancorp (USB.N: Quote, Profile, Research, Stock Buzz) $6.6 billion
Bank of New York Mellon (BK.N: Quote, Profile, Research, Stock Buzz) $3 billion
State Street Corp (STT.N: Quote, Profile, Research, Stock Buzz) $2 billion
Capital One Financial (COF.N: Quote, Profile, Research, Stock Buzz) $3.55 billion
Fifth Third Bancorp (FITB.O: Quote, Profile, Research, Stock Buzz) $3.45 billion
Regions Financial (RF.N: Quote, Profile, Research, Stock Buzz) $3.5 billion
SunTrust Banks (STI.N: Quote, Profile, Research, Stock Buzz) $3.5 billion
BB&T Corp (BBT.N: Quote, Profile, Research, Stock Buzz) $3.1 billion
KeyCorp (KEY.N: Quote, Profile, Research, Stock Buzz) $2.5 billion
Comerica (CMA.N: Quote, Profile, Research, Stock Buzz) $2.25 billion
Marshall & Ilsley Corp (MI.N: Quote, Profile, Research, Stock Buzz) $1.7 billion
Northern Trust Corp (NTRS.O: Quote, Profile, Research, Stock Buzz) $1.5 billion
Huntington Bancshares (HBAN.O: Quote, Profile, Research, Stock Buzz) $1.4 billion
Zions Bancorp (ZION.O: Quote, Profile, Research, Stock Buzz) $1.4 billion
Synovus (SNV.N: Quote, Profile, Research, Stock Buzz) $973 million
First Horizon National (FHN.N: Quote, Profile, Research, Stock Buzz) $866 million
City National Corp (CYN.N: Quote, Profile, Research, Stock Buzz) $395 million
South Financial Group (TSFG.O: Quote, Profile, Research, Stock Buzz) $347 million
Valley National Bancorp (VLY.N: Quote, Profile, Research, Stock Buzz) $300 million
Citizens Rep Bancorp (CRBC.O: Quote, Profile, Research, Stock Buzz) $300 million
UCBH Holdings Inc (UCBH.O: Quote, Profile, Research, Stock Buzz) $298 million
FirstMerit Corp (FMER.O: Quote, Profile, Research, Stock Buzz) $248 million
Umpqua Holdings Corp (UMPQ.O: Quote, Profile, Research, Stock Buzz) $214 million
Washington Federal (WFSL.O: Quote, Profile, Research, Stock Buzz) $200 million
First Niagara Financial(FNFG.O: Quote, Profile, Research, Stock Buzz) $186 million
Peoples Bancorp (PEBO.O: Quote, Profile, Research, Stock Buzz) $39 million
Encore Bancshares (EBTX.O: Quote, Profile, Research, Stock Buzz) $34 million
HF Financial Corp (HFFC.O: Quote, Profile, Research, Stock Buzz) $25 million
Bank of Commerce (BOCH.O: Quote, Profile, Research, Stock Buzz) $17 million
Broadway Financial Corp BYFC.O $9 million
TOTAL: $213.39 billion
OTHER COMPANIES HOPING TO TAP INTO TARP:
American Express Co (AXP.N: Quote, Profile, Research, Stock Buzz) is seeking about $3.5 billion
National Penn Bancshares (NPBC.O: Quote, Profile, Research, Stock Buzz) has applied for $150
million
INSURANCE COMPANIES
In addition to TARP's $40 billion for AIG, the Federal
Reserve is separately giving AIG up to $112.5 billion for asset
purchases.
Other insurers are interested in cash infusions, but they
must own a thrift or bank to qualify. On Friday, Hartford
Financial Services Group Inc (HIG.N: Quote, Profile, Research, Stock Buzz) agreed to become a small
savings and loan, making it eligible for up to $3.4 billion
from TARP.
SMALLER BANKS, AUTOMAKERS
Nov. 14 is the deadline for smaller banks to apply for TARP
funds. The deadline will be extended for non-publicly
traded banks.
General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz), Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) and
Chrysler LLC have asked for billions of dollars in TARP funds.
However, the Bush administration has said the program was
designed to help the financial services sector.
NO THANKS
These companies have said they would not take part in the
TARP program:
- Charles Schwab Corp (SCHW.O: Quote, Profile, Research, Stock Buzz)
- Hudson City Bancorp (HCBK.O: Quote, Profile, Research, Stock Buzz)
- Capital City Bank Group (CCBG.O: Quote, Profile, Research, Stock Buzz)
- Commerce Bancshares (CBSH.O: Quote, Profile, Research, Stock Buzz)
- Northfield Bancorp (NFBK.O: Quote, Profile, Research, Stock Buzz)
- Essa Bancorp Inc (ESSA.O: Quote, Profile, Research, Stock Buzz)
- Rockville Financial Inc (RCKB.O: Quote, Profile, Research, Stock Buzz)
- First Commonwealth Financial Corp (FCF.N: Quote, Profile, Research, Stock Buzz)
- Chicopee Bancorp Inc (CBNK.O: Quote, Profile, Research, Stock Buzz)
- Bryn Mawr Bank Corp (BMTC.O: Quote, Profile, Research, Stock Buzz)
- Kearny Financial Corp (KRNY.O: Quote, Profile, Research, Stock Buzz)
- Fist Financial Bankshares Inc (FFIN.O: Quote, Profile, Research, Stock Buzz)
- Cheviot Financial Corp (CHEV.O: Quote, Profile, Research, Stock Buzz)
- Southside Bancshares (SBSI.O: Quote, Profile, Research, Stock Buzz)
- Investors Bancorp (ISBC.O: Quote, Profile, Research, Stock Buzz)
- First Advantage Bancorp (FABK.O: Quote, Profile, Research, Stock Buzz)
Note 1: Capital injection to Merrill Lynch deferred pending
its merger with Bank of America, according to Treasury
Department.
(Reporting by Julie Vorman in Washington, Phil Wahba in New
York)