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million in capital under the U.S. Treasury’as Capital Purchase Program, which is part of the Troubled Asset ReliefProgram (TARP). Sunset Bank executivesd said Tuesday they will use the fundzs to make loans to businesse andhome buyers. “This gives us a chance to enhanc e our already strong capital ratio with a cushion so we are preparedd and ready to assist our customerss in thesetroubled times,” said Robert Eastman, Sunset Bank’s chairmanj 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 ownef by a group oflocal investors.
The Waukesha-basedd bank has $148 million in assetsa and employs 36 people at three Sunset Bank posted net incomeof $150,000 in the firsgt quarter, compared with net income of $107,000 a year earlier. The like nearly all banks, has experiencec increases in delinquent loans inrecent quarters. Sunset said it maintains a well-capitalized
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