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Three More Banks Take Treasury Cash; Total Outlay Nears $40B
Zions Bancorporation, Umpqua Holdings Corp., and Marshall & Ilsley Corp. today announced that they too have taken on investments by the Department of the Treasury.
In all, 29 banks have received Treasury investments. In the last two days, 20 banks have received nearly $40 billion of capital infusions from the federal government.
Here’s what the latest three participants received from Treasury:
* Zions – $1.4 billion
* Umpqua – $214 million
* M&I – $1.7 billion
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