PNB News

News and Press

Important information about the TARP program

April 15, 2009

After careful consideration, Eagle National Bancorp, Inc., holding company for Eagle National Bank and Physicians National Bank, did NOT participate in the U.S. Treasury Department’s Troubled Asset Relief Program (TARP) program.

The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions in order to strengthen its financial sector. It is the largest component of the government's measures in 2008 to address the subprime mortgage crisis.

See all news