Banks With Commercial Exposure

The above table lists banks with $20 billion or more of earning assets and commercial loan ratios of at least 20%. In addition, I have included the amount of junior lien residential loans that these banks are exposed to. This is because this is a particularly weak class: if defaults keep chugging along, how much can these loans possibly be worth (regardless of credit score)?

I went back to the list of banks that held large amounts of goodwill on their balance sheet (post of 2/27/09) and discovered that the following banks appear on both lists:

Bank Name	Holding Company
Associated Bank, National Association	Associated Banc-Corp
Bank of America, National Association	Bank of America Corp.
Bank of the West	BNP Paribas
Branch Banking and Trust Company	BB & T Corp.
Capital One, National Association	Capital One Financial Corp.
Citizens Bank of Pennsylvania	Royal Bank of Scotland Group
Compass Bank	Banco Bilbao Vizcaya Argentaria, S.A.
Fifth Third Bank	Fifth Third Bancorp
Manufacturers and Traders Trust Company	M&T Bank Corp.
Merrill Lynch Bank & Trust Co., FSB	Bank of America Corp.
PNC Bank, National Association	PNC Financial Services
RBC Bank (USA)	Royal Bank Of Canada
RBS Citizens, National Association	Royal Bank of Scotland Group
Regions Bank	Regions Financial Corp.
Sovereign Bank	Banco Santander, S.A.
SunTrust Bank	SunTrust Banks, Inc.
TD Bank, National Association	The Toronto Dominion Bank
The Huntington National Bank	Huntington Bancshares Inc.
U.S. Bank National Association	U.S. Bancorp
Union Bank, National Association	Mitsubishi UFJ Financial Group

This is a great place to start your research if you think that financial stocks have rallied too much.