Comments on: An Interesting List of Banks Who Have NOT Taken US Government Bailout Money

By: janet

janet — Wed, 27 Apr 2011 17:33:05 +0000

ok so does this mean us bank corp DID take the bail out money???!!!!????cuz if they did I’m moving my account!..

By: Kris

Kris — Thu, 24 Dec 2009 16:32:55 +0000

Good for you Fritz and others can we have our money back please, I choose to not bail anyone out. My bank has received TARP money and is now putting the screws to me. No one should be “bailed out” it’s not real, free market flows always correct everything pretty quickly so we can get on with recovery tis will just prolong the suffering. If we extend to much in business when the music stops there are no chairs.

By: Hank

Hank — Thu, 28 May 2009 01:00:33 +0000

Magdalena,

You are exactly right. All the banks on the list above were approved to receive government funding through the TARP program but chose not to accep the money. Thanks for the comments and adding to the discussion.

Hank

By: Magdalena DelValle

Magdalena DelValle — Mon, 18 May 2009 18:28:03 +0000

Interesting list – - I am assuming that all of the banks on your list were actually “approved to receive” TARP funds by the Feds, for if they were declined, it could very well mean that the Feds don’t think they will weather the problems. Further, it would be interesting to size up the bank list by Asset Size, Liquidity and Capitalization. That would be a further eye opener.

By: Ryan @ SpendOnLife

Ryan @ SpendOnLife — Thu, 14 May 2009 22:41:52 +0000

Frost Bank here is Texas turned down funds as well, it is a pretty large regional bank.

Fascinating map but I would like to see it shaded by Dollars per capita instead of total dollars.

Thanks, Hank.

By: Fritz

Fritz — Thu, 14 May 2009 18:37:56 +0000

An important thing to note is that only banks that were healthy enough to come out of this successfully received TARP money. Also, every penny of it has to be paid back with interest. An estimated 500 banks will fail during this recession. So far about 150 have shut their doors. You don’t hear about them b/c they are smaller banks. That said, just because a bank did not get TARP, does not mean they are healthy. In fact, it could mean just the opposite…

My bank collected TARP money, but we are better capitalized than all of our peer banks.

By: The Weakonomist

The Weakonomist — Thu, 14 May 2009 15:00:30 +0000

It’s good to know which banks haven taken TARP money, even if all that mean is a branding thing. But I can’t say much, my employer has taken billions in TARP money!