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JUNEAU - Alaska Pacific Bank completed a deal with the federal government's Troubled Asset Relief Program last week in which $4.8 million was invested in the bank.It is the first bank in Alaska to announce such an investment.The United States Department of Treasury now owns a fifth of the bank, a subsidiary of the publicly traded, Juneau-based Alaska Pacific Bancshares.Bank CEO Craig Dahl said Alaska Pacific's finances are strong enough that it might not even need the money.
Government buys share in Alaska Pacific Bank 021109 NEWS 2 Capital City Weekly JUNEAU - Alaska Pacific Bank completed a deal with the federal government's Troubled Asset Relief Program last week in which $4.8 million was invested in the bank.It is the first bank in Alaska to announce such an investment.The United States Department of Treasury now owns a fifth of the bank, a subsidiary of the publicly traded, Juneau-based Alaska Pacific Bancshares.Bank CEO Craig Dahl said Alaska Pacific's finances are strong enough that it might not even need the money.
Wednesday, February 11, 2009

Story last updated at 2/11/2009 - 11:38 am

Government buys share in Alaska Pacific Bank

JUNEAU - Alaska Pacific Bank completed a deal with the federal government's Troubled Asset Relief Program last week in which $4.8 million was invested in the bank.It is the first bank in Alaska to announce such an investment.The United States Department of Treasury now owns a fifth of the bank, a subsidiary of the publicly traded, Juneau-based Alaska Pacific Bancshares.Bank CEO Craig Dahl said Alaska Pacific's finances are strong enough that it might not even need the money.


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