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Principal, Popular Apply for Treasury Aid: Bailout Scorecard

Principal Financial Group Inc. and Popular Inc. joined the more than 100 lenders, insurers and financial companies that have applied for Troubled Asset Relief Program funds totaling at least $65.8 billion, according to data compiled by Bloomberg.

Fifty-seven received preliminary approval for $51.5 billion, while 48 more awaited word on requests totaling at least $14.3 billion.

The Treasury's $700 billion rescue plan for financial firms, announced in October, includes $125 billion allocated to the nine largest U.S. banks and $125 billion originally earmarked for smaller regional lenders.

Some insurers and finance companies are planning to convert to banks to become eligible for the funds. Totals may be higher because disclosures of applications are voluntary, and some smaller institutions are omitted.

Applications for publicly held lenders were due by Nov. 14. The Treasury is accepting requests from privately held banks until Dec. 8.

Following are firms that have announced participation in the
Treasury program. Some names were shortened for space:

FIRST ROUND

INSTITUTION AMOUNT Citigroup $25 billion Wells Fargo $25 billion JPMorgan Chase $25 billion Bank of America $15 billion Merrill Lynch $10 billion Goldman Sachs $10 billion Morgan Stanley $10 billion Bank of New York $3.0 billion State Street $2.0 billion TOTAL $125 billion

SECOND ROUND

PRELIMINARY APPROVAL INSTITUTION AMOUNT PNC $7.7 billion U.S. Bancorp $6.6 billion Capital One $3.6 billion SunTrust $3.5 billion Regions Financial $3.5 billion Fifth Third $3.5 billion BB&T $3.1 billion KeyCorp $2.5 billion Comerica $2.25 billion Marshall & Ilsley $1.7 billion Northern Trust $1.5 billion Huntington $1.4 billion Zions $1.4 billion Popular* $1.09 billion Synovus Financial $973 million First Horizon $866 million Associated Banc* $530 million City National Corp. $395 million TCF Financial $361 million TSFG* $347 million Valley National $345 million Susquehanna* $345 million East West Bancorp $316 million Citizens Republic $300 million UCBH Holdings $298 million Cathay General* $258 million Umpqua Holdings $246 million Washington Federal $230 million United Community* $207 million First Midwest $193 million Pacific Capital* $188 million First Niagara $186 million Provident $151 million Boston Private* $150 million Banner Corp. $142.6 million Western Alliance $140 million Signature Bank $120 million Taylor Capital $105 million Midwest Banc $98.3 million First Financial $80 million Superior Bancorp* $79.5 million Columbia Banking $76.9 million Nara Bancorp $67 million Great Southern* $60 million Southern Comm.* $42.8 million Simmons First $40 million Cascade Financial $39 million Peoples Bancorp $39 million Encore Bancshares $34 million Heritage $27.6 million HF Financial $25 million Severn Bancorp* $23.5 million First PacTrust $19.3 million 1st Financial $18.8 million Bank of Commerce $17 million Broadway Financial $9 million Saigon National $1.2 million TOTAL $51.5 billion PARTICIPATION PENDING INSTITUTION AMOUNT NOTES American Express $3.5 billion The Wall Street Journal reported Nov. 12 the credit-card company was applying for TARP funds after it converted to a bank holding company Nov. 10. American Express officials in New York declined to comment. AmericanWest $57 million AmericanWest has applied for the funding. BankAtlantic $124 million Applied for TARP. Bar Harbor* $18.8 million Seeking shareholder approval to issue preferred shares. Berkshire Hills* $40 million Applied for TARP. Cadence Financial* $44 million Seeking shareholder approval to issue preferred shares. Cape Fear Bank $12.4 million Could receive funds up to $12.4 million. Capital Corp. $46 million Applied for TARP participation. Carolinas* -- Applying for TARP. Cascade Bancorp* $67.4 million Applying for TARP. CIT Group $2.5 billion CIT applied to become a bank holding company Nov. 11 in order to access as much as $2.5 billion from the government. City National $9 million Bank said in a regulatory filing it ``expects to apply'' for cash. CMS Bancorp $3.2 million Applied for TARP funding. Colonial BancGroup $570 million Applied for participation. Colonial Chief Financial Officer Sarah Moore had said that the company could be eligible for as much as $570 million. Corus Bankshares* -- Has applied for TARP and not yet received a response. First Priority -- ``Currently evaluating'' TARP First California* $25 million Applied for TARP. First Chester* $25 million Seeking shareholder approval to issue preferred shares. FPB Bancorp $5.8 million Applied for TARP funds. Frontier -- Applied for TARP funds. Gateway Financial -- Applied for TARP funding; is merging with Hampton Roads. Genworth Financial -- Genworth is buying Maple Grove, Minnesota-based InterBank FSB in order to apply for TARP funding. German American $25 million Applied for TARP funding. Hampton Roads -- Applied for TARP funds; is merging with Gateway Financial Holdings. Hartford Financial $3.4 billion The insurer agreed to purchase Sanford, Florida-based Federal Trust Corp., a savings and loan, to become eligible for $1.1 billion to $3.4 billion from the Treasury. Harleysville $120 million Applied for funding. Heritage $5.7 million Applied for TARP. IBC $200 million IBC scheduled a shareholder vote to permit issuing preferred shares. A special meeting is expected to be held Dec. 8. Iberiabank* $115 Received preliminary government approval and is weighing participation. Integra Bank* -- Applied for funding. Lincoln Financial -- The insurer is buying Newtown County Loan & Savings of Goodland, Indiana in order to access TARP funds. Mid-Wisconsin $10.9 million Applied for TARP funds Nov. 14. National Penn $150 million Applied for TARP funds. Northern Cali. $5.5 million Seeking shareholder approval to issue preferred shares for TARP funds; could be given as little as $1.95 million. Old National $150 million Old National hasn't decided whether to participate. OptimumBank $4.58 million Applied to TARP. Park National $140 million Park National Corp. says it intends to ask the Treasury to purchase the stake, and will hold a shareholders meeting on Dec. 5 to approve the new class of preferred shares. Parke Bancorp $16.3 million Applied for TARP funds Nov. 4. Pamrapo Bancorp* $11.4 million Applied for TARP. Pinnacle Financial* $95 million Applied for TARP Principal* $2 billion Applying for TARP through its Principle Bank savings and loan subsidiary. Protective Life* -- Is buying Bank of Bonifay in Bonifay, Florida in order to apply for TARP. PSB Holdings $14 million Seeking shareholder approval to issue preferred shares. Security Bank* $65.5 million Applied for TARP. Southeastern Bank $30 million Seeking shareholder approval to issue preferred shares. Trustmark -- Trustmark says it intends to apply for the capital and didn't say how much it could receive from the Treasury. West* $37.8 million Seeking shareholder approval to issue preferred shares. Whitney Holding $282 million Intends to apply for funding; will call a shareholders meeting to allow issuance of preferred stock. *New listing for this scorecard; action may have been previously disclosed.

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