The federal Capital Purchase Program, aimed at providing well-capitalized banks

Authors

Rebekah Metzler

Source

Mainebiz

Date

8-10-2009

Pages

1, 6

Abstract

The federal Capital Purchase Program, aimed at providing well-capitalized banks with additional funds to ensure continued lending, has benefited The First Bancorp in Damariscotta, Bar Harbor Bankshares, Katahdin Bankshares Corp., and Northeast Bancorp in Lewiston. The banks emphasize that the program is not a bailout, but part of the Targeted Asset Relief Program (TARP). The banks pay interest on the funds they receive. Details.

Subjects

Banks and banking

Recommended Citation

Metzler, Rebekah, "The federal Capital Purchase Program, aimed at providing well-capitalized banks" (2009). Maine News Index – MaineBiz. 4939.
https://digitalcommons.portlandlibrary.com/news_mainebiz/4939