Three regional banks will repay trust-preferred securities in preparation for stricter capital standards that will start being phased in starting in 2013.

Banks with at least $15 billion of assets at Dec. 31, 2009 will no longer be able to count trust-preferred securities as part of their Tier 1 capital under a provision in the Dodd-Frank Act. Because of this, banks, especially healthier ones, will begin the process of "cleaning up their capital structure," said Mark Fitzgibbon, a principal and director of research at Sandler O'Neill.

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