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Banks that have said 'no thanks' to US bailout

Thursday, January 29, 2009

By The Associated Press

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The following banks have announced they no longer planned to participate in the government-sponsored bank bailout program:

_ American River Bankshares, of Rancho Cordova, Calif., said it would not accept $6 million

_ Chemical Financial Corp., of Midland, Mich., said it will not accept $84 million

_ California United Bank, of Encino, Calif., said it will not accept $8.4 million

_ Dime Community Bancshares Inc., of Brooklyn, N.Y., said it will not accept $77.3 million

_ Dearborn Bancorp Inc., of Dearborn, Mich., withdrew its application for $29 million

_ Eagle Financial Services, Inc., of Berryville, Va., said it will not accept $10 million

_ First Capital Inc., of Corydon, Ind., said it would not accept bailout money

_ Friendly Hills Bank, of Whittier, Calif., said it would not accept $1.6 million

_ Glacier Bancorp Inc., of Kalispell, Mont., said it would not accept bailout money

_ Legacy Bancorp Inc., of Pittsfield, Mass., said it would not accept $20 million

_ Liberty Bancorp Inc., of Liberty, Mo., said it would not accept $8.5 million

_ Mechanics Bank, of Richmond, Calif., said it withdrew its application for $60 million

_ NBT Bancorp Inc., of Norwich, N.Y., said it would not accept bailout money

_ New York Community Bancorp Inc., of Westbury, N.Y., said it would not accept $596 million.

_ OptimumBank Holdings Inc., of Fort Lauderdale, Fla., said it would not accept $4.6 million

_ Pamrapo Bancorp Inc., of Bayonne, N.J., withdrew its application for $11 million

_ Pacific Continental Corp., of Eugene, Ore., said it would not accept $30 million

_ Smithtown Bancorp, of Hauppauge, N.Y., said it would not accept $37.8 million

_ S.Y. Bancorp Inc., of Louisville, Ky., said it would not accept $43 million

_ Tompkins Financial Corp., of Ithaca, N.Y., said it would not accept $15 million

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