FACTBOX: Banks announce cash infusions
(Reuters) - Sixteen U.S. banks have signed up for the government's offer of a cash injection, in addition to the nine that joined the program initially. The injections are a bid to revive the sector, which has suffered since lending has dried up and many loans have gone bad.
The U.S. Treasury Department plans to provide funds for 20 to 22 lenders in the current round of a $250 billion bank recapitalization program.
Nine of the largest U.S. banks, including JPMorgan Chase & Co and Citigroup, received the first $125 billion of capital infusions two weeks ago.
A list of the additional 16 banks that have announced they will use the government funds follows:
PNC Financial Services Group Inc $7.7 billion
Capital One Financial Corp $3.55 billion
Regions Financial Corp $3.5 billion
SunTrust Banks Inc $3.5 billion
BB&T Corp $3.1 billion
KeyCorp $2.5 billion
Comerica $2.25 billion
State Street Corp $2.0 billion
Northern Trust Corp $1.5 billion
Huntington Bancshares $1.4 billion
First Horizon National Corp $866 million
City National Corp $395 million
Valley National Bancorp $330 million
UCBH Holdings Inc $298 million
Washington Federal $200 million
First Niagara Financial Group $186 million
NOTE: West Bancorp said on Friday it was seeking shareholder approval to raise between $12 million and $36 million under the Treasury program. Fifth Third Bancorp said on Sunday it expected to receive Treasury approval for $3.4 billion.
(Reporting by Elinor Comlay; editing by John Wallace)










