Exhibit 12.3

Ratio of Earning to Fixed Charges and Preferred Dividends

	Years Ended December 31,
	2008			2007		2006		2005		2004
	(Dollars in thousands)
EXCLUDING INTEREST ON DEPOSITS:
Pre-tax income	$	(411,432	)	$	138,213	$	108,176	$	90,623	$	84,095
Preferred stock dividend		(1,208	)		0		0		0		0
Pre-tax income available to common shareholders		(412,640	)		138,213		108,176		90,623		84,095
Fixed charges		129,282			140,816		105,838		81,930		71,479
Earnings	$	(283,358	)	$	279,029	$	214,014	$	172,553	$	155,574
Interest expense-short term borrowings	$	20,820		$	29,956	$	35,979	$	35,255	$	23,787
Interest expense-long term borrowings		100,353			104,048		65,691		44,031		45,675
Preferred stock dividend		1,208			0		0		0		0
Portion of long-term leases representative of the interest factor(1)		6,901			6,812		4,168		2,644		2,017
Fixed charges	$	129,282		$	140,816	$	105,838	$	81,930	$	71,479
Earnings to fixed charges, excluding interest on deposits	$	(2.19	)	$	1.98	$	2.02	$	2.11	$	2.18
INCLUDING INTEREST ON DEPOSITS:
Pre-tax income	$	(411,432	)	$	138,213	$	108,176	$	90,623	$	84,095
Preferred stock dividend		(1,208	)		0		0		0		0
Pre-tax income available to common shareholders		(412,640	)		138,213		108,176		90,623		84,095
Fixed charges		363,619			418,430		291,111		173,920		124,962
Earnings	$	(49,021	)	$	556,643	$	399,287	$	264,543	$	209,057
Interest expense-short term borrowings	$	255,157		$	307,570	$	221,252	$	127,245	$	77,270
Interest expense-long term borrowings		100,353			104,048		65,691		44,031		45,675
Preferred stock dividend		1,208			0		0		0		0
Portion of long-term leases representative of the interest factor(1)		6,901			6,812		4,168		2,644		2,017
Fixed charges	$	363,619		$	418,430	$	291,111	$	173,920	$	124,962
Earnings to fixed charges, including interest on deposits	$	(0.13	)	$	1.33	$	1.37	$	1.52	$	1.67

(1) 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.