Citizens Bank misses federal bailout payment

Source: The Union

Tarp : Germany | about 1 month ago

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Troubled Asset Relief Program, was used to help stop a net loss of $12.8 million incurred in 2008 and the first six months of 2009. The bank held the flow of red ink to $448,000 during the second quarter of this year, according to bank figures. “If earnings are marginal, they allow us to defer” the payments,...

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