Monday, June 22, 2009
T.A.R.P. Funds Refused
Much has been reported in the media about the Troubled Asset Relief Program (T.A.R.P.) instituted by the federal government to shore up ailing financial institutions. We at Southeast National Bank are pleased that we are financially healthy, sound, and have no need for T.A.R.P. funds. We have not accepted any of the federal "bail out" money; in fact, we continue to have money to lend. Our customers, and the community at large, can be assured that they can place their trust and confidence in Southeast National Bank.
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