Which Banks Have and Haven't Applied for the $700 Billion Bailout Funds

The New York Times is tracking the recipients of the $700 bailout funds (also known as TARP funds). Most of the major banks are listed. These include Citigroup, JPMorgan Chase, Wells Fargo, Bank of America, PNC, US Bankcorp, Capital One, Regions, SunTrust, Fifth Third, E*Trade, M&T Bank and BB&T. Some major banks that I've reported on that are NOT listed as of 12/15/08 include:

• ING Bank ($81.6 billion in assets)
• HSBC Bank USA ($181.6 billion in assets)
• Emigrant Bank ($10.7 billion in assets)
• EverBank ($6.5 billion in assets)
• Flagstar Bank ($14.1 billion in assets)
• Corus Bank ($8.4 billion in assets)

Not being on the bailout list doesn't seem to indicate anything about the bank's financial strength. For example, EverBank has a 4-star rating (sound) at Bankrate and Flagstar has a 1-star rating (lowest) at Bankrate.

Thanks to the reader who emailed me this article.