NEW YORK( TheStreet) -- Financial stocks declined after the Irish government took control of Allied Irish Bank ( AIB) and on conflicting signals of the U.S. economic recovery.

The Financial Select Sector SPDR ( XLF) was down 9 cents at $15.90 at midday.

First Horizon National Corp. ( FHN) was the big winner, up 4 cents at $11.79 on news that the bank had repaid Troubled Asset Relief Program.

The shares of the five other banks that recently announced they would repay TARP were mixed. Huntington Bancshares ( HBAN) stock was down five cents at $6.79. Susquehanna Bancshares' ( SUSQ) stock was down 14 cents at $9.97. Wintrust Financial ( WTFC) shares were up 10 cents at $33.69. Heritage Financial Corporation ( HFWA) shares were up a penny at $13.69. The Bank of Kentucky Financial Corp's ( BKYF) shares slid 8 cents to $19.92.

Meanwhile, shares of Hancock Holding Co. ( HBHC) slipped 72 cents on concerns that the bank way paying too much in to acquire Whitney Holding ( WTNY) in a $8.2 billion deal.

Shares of American International Group Inc. ( AIG) were down 38 cents at $55.38. The insurer is defending itself against a $1 billion workers' compensation lawsuit filed by Liberty Mutual Holding Co. and other rival insurers, according to Bloomberg.

--Written by Maria Woehr in New York.

To contact the writer of this article, click here: Maria Woehr.

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