Regional Banks Included in Bailout

News regarding the bailout continues to pour in. Today it was announced that 10 regional banks are going to receive around $18 billion of the bailout funds.

The banks or firms in question:

KeyCorp (NYSE:KEY)

Huntington Bancshares (NASDAQ:HBAN)

Capital One Financial Corp. (NYSE:COF)

Valley National Bancorp (NYSE:VLY)

First Horizon National (NYSE:FHN)

Regions Financial (NYSE:RF)

SunTrust (NYSE:STI)

Provident Bancshares (NASDAQ:PBKS)

Northern Trust (NASDAQ:NTRS)

City National (NYSE:CYN)

Other regional banks, including Fifth Third (NASDAQ:FITB), are expected to follow.

Questions as to whether or not the bailout was the right thing to do aside, what does this mean for the average bank customer? It's another example of a current economic situation where, as the stock market wildly fluctuates, federally insured deposits in banks, protected by the FDIC (up to the recently changed limit of $250,000 per account) and backed by the federal government, are among the safest ways to safeguard your savings in this crisis.

I'd be remiss if I didn't mention that MoneyAisle is one of the best ways to find a bank - whether you want to put your money in a bank cd or High-Yield Savings account.