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Sunday, Mar 3, 2024

Area banks say federal funds are used well

It’s been called a bailout and criticized for not translating into more loans, but local banks say the federal Troubled Asset Relief Program is providing money to strengthen healthy institutions. Since it started, TARP’s Capital Purchase Program has invested more than $195.3 billion in 359 banks in 45 states and Puerto Rico. The largest investments were $25 billion each, and the smallest investment was about $1 million. For the full story click here

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