Three Maine-based banks--First Bancorp of Damariscotta, Northeast Bancorp of Lew

Authors

Mindy Favreau

Source

Mainebiz

Date

1-19-2009

Pages

1, 6

Abstract

Three Maine-based banks--First Bancorp of Damariscotta, Northeast Bancorp of Lewiston and Bar Harbor Bankshares--will participate in the federal purchase of non-voting stock in healthy banks, for a total capital infusion of nearly $48 million. The so-called Capital Purchase Program is intended to help stimulate the economy and loosen tight credit. The additional capital will benefit consumer, commercial, and municipal borrowers.

Subjects

Banks and banking, Recessions, Finance

Recommended Citation

Favreau, Mindy, "Three Maine-based banks--First Bancorp of Damariscotta, Northeast Bancorp of Lew" (2009). Maine News Index – MaineBiz. 4790.
https://digitalcommons.portlandlibrary.com/news_mainebiz/4790