Banks that didn't take governemnt bailout TARP are in better shape than peers
Banks that didn't take government bailout billions - take your money there. No to AIG, Citi or Bank of America.
54 public banks refused gov bailout TARP money.
AIG became a ward of the state.
People now own a third of Citigroup.
Bank of America received $45 billion in funding.
BANK WITH Hudson City Bancorp (HCBK),
People' United Financial (PBCT)
Commerce Bancshares (CBSH),
BOK Financial (BOKF) and
NY Community Bancorp (NYB)
Shares of the 54 banks that didn't want a bailout are, on average, down just 16% since last September. That's compared to a 30% drop for the KBW Bank Index and 36% plunge for the S&P Regional Bank Index..