Exhibit 12.3

Ratio of Earning to Fixed Charges and Preferred Dividends



|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|-------------------------------------------------------------------- |  | ------------------------ | -------- | - | ---- | - | -------- | ---- |  | ---- | ------- | ---- | - | ------- |  | - | -------
|                                                                     |  | Years Ended December 31,
|                                                                     |  | 2009                     |          |   | 2008 |   |          | 2007 |  | 2006 |         | 2005
|                                                                     |  | (Dollars in thousands)  
|EXCLUDING INTEREST ON DEPOSITS:                                      |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|Pre-tax income                                                       |  | $                        | (811,112 | ) |      | $ | (411,432 | )    |  | $    | 138,213 |      | $ | 108,176 |  | $ | 90,623 
|Preferred stock dividend                                             |  |                          | (17,369  | ) |      |   | (1,208   | )    |  |      | 0       |      |   | 0       |  |   | 0      
|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|Pre-tax income available to common shareholders                      |  |                          | (828,481 | ) |      |   | (412,640 | )    |  |      | 138,213 |      |   | 108,176 |  |   | 90,623 
|Fixed charges                                                        |  |                          | 109,128  |   |      |   | 129,282  |      |  |      | 140,816 |      |   | 105,838 |  |   | 81,930 
|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|Earnings                                                             |  | $                        | (719,353 | ) |      | $ | (283,358 | )    |  | $    | 279,029 |      | $ | 214,014 |  | $ | 172,553
|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|Interest expense-short term borrowings                               |  | $                        | 16,476   |   |      | $ | 20,820   |      |  | $    | 29,956  |      | $ | 35,979  |  | $ | 35,255 
|Interest expense-long term borrowings                                |  |                          | 69,633   |   |      |   | 100,353  |      |  |      | 104,048 |      |   | 65,691  |  |   | 44,031 
|Preferred stock dividend                                             |  |                          | 17,369   |   |      |   | 1,208    |      |  |      | 0       |      |   | 0       |  |   | 0      
|Portion of long-term leases representative of the interest factor ** |  |                          | 5,650    |   |      |   | 6,901    |      |  |      | 6,812   |      |   | 4,168   |  |   | 2,644  
|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|Fixed charges                                                        |  | $                        | 109,128  |   |      | $ | 129,282  |      |  | $    | 140,816 |      | $ | 105,838 |  | $ | 81,930 
|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|Earnings to fixed charges, excluding interest on deposits            |  |                          | *        |   |      |   | *        |      |  | $    | 1.98    |      | $ | 2.02    |  | $ | 2.11   
|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|INCLUDING INTEREST ON DEPOSITS:                                      |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|Pre-tax income                                                       |  | $                        | (811,112 | ) |      | $ | (411,432 | )    |  | $    | 138,213 |      | $ | 108,176 |  | $ | 90,623 
|Preferred stock dividend                                             |  |                          | (17,369  | ) |      |   | (1,208   | )    |  |      | 0       |      |   | 0       |  |   | 0      
|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|Pre-tax income available to common shareholders                      |  |                          | (828,481 | ) |      |   | (412,640 | )    |  |      | 138,213 |      |   | 108,176 |  |   | 90,623 
|Fixed charges                                                        |  |                          | 278,389  |   |      |   | 363,619  |      |  |      | 418,430 |      |   | 291,111 |  |   | 173,920
|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|Earnings                                                             |  | $                        | (550,092 | ) |      | $ | (49,021  | )    |  | $    | 556,643 |      | $ | 399,287 |  | $ | 264,543
|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|Interest expense-short term borrowings                               |  | $                        | 185,737  |   |      | $ | 255,157  |      |  | $    | 307,570 |      | $ | 221,252 |  | $ | 127,245
|Interest expense-long term borrowings                                |  |                          | 69,633   |   |      |   | 100,353  |      |  |      | 104,048 |      |   | 65,691  |  |   | 44,031 
|Preferred stock dividend                                             |  |                          | 17,369   |   |      |   | 1,208    |      |  |      | 0       |      |   | 0       |  |   | 0      
|Portion of long-term leases representative of the interest factor ** |  |                          | 5,650    |   |      |   | 6,901    |      |  |      | 6,812   |      |   | 4,168   |  |   | 2,644  
|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|Fixed charges                                                        |  | $                        | 278,389  |   |      | $ | 363,619  |      |  | $    | 418,430 |      | $ | 291,111 |  | $ | 173,920
|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|Earnings to fixed charges, including interest on deposits            |  |                          | *        |   |      |   | *        |      |  | $    | 1.33    |      | $ | 1.37    |  | $ | 1.52   
|                                                                     |  |                          |          |   |      |   |          |      |  |      |         |      |   |         |  |   |        



|* | Earnings to fixed charges and preferred dividends were a deficiency of $828.5 million and $412.6 million for the years ended December 31, 2009 and 2008,
respectively.
|- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------

|** | The interest factor on long-term operating leases represented a reasonable approximation of the appropriate portion of operating lease expense considered to be
representative of interest.
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