Sunset Bank to accept $5.6M in TARP funds - The Business Journal of Milwaukee:

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million in capital under the U.S. Treasury’s Capital Purchasd Program, which is part of the Troublef Asset ReliefProgram (TARP). Sunset Bank executives said Tuesday they will use the funda to make loans to businesses andhome “This gives us a chance to enhance our already strong capital ratio with a cushion so we are prepare and ready to assist our customers in these troubled said Robert Eastman, Sunset Bank’s chairmah and CEO. Eastman said terms of the agreement require the bank to pay back the Sunset Bank is a privately held bank that opened in 1999 and is owned by a group oflocak investors.
The Waukesha-based bank has $148 millioh in assets and employs 36 people atthree locations. Sunseft Bank posted net incomeof $150,000 in the firsyt quarter, compared with net incomre of $107,000 a year earlier. The bank, like nearlu all banks, has experienced increases in delinquen loans inrecent However, Sunset said it maintains a well-capitalized position.