Wilson estimated that it could be up to $4.6 billion for these 10 banks, with the warrants issued by JP Morgan Chase alone possibly up to $1.7 billion.
So as these big banks sit down at the negotiating table with Treasury, what advice would one CEO who's been through the process give to his colleagues?
"Be transparent as hell -- and don't fight," Jones suggested. "Because it's going to be more and more difficult."
And that just makes him all the more relieved that his bank was the first to get out.
When Old National Bancorp was finally free of the government program, Jones let out a deep sigh of relief. Customers immediately came to the bank to open accounts. One even gave the bank a custom-made card congratulating them on paying back the money.
Ultimately, it was the best public relations move he has ever made, he said.
Whether it was the best move for taxpayers is another issue.