PORTLAND -- At least three Maine banks have decided to take money from the federal government's $700 billion financial rescue package.

The First Bancorp, based in Damariscotta, is the latest Maine bank to approve participation in the federal program. Shareholders voted Monday to borrow $25 million to increase the bank's capital. Other banks who are using the federal money are Northeast Bank and Bar Harbor Banking.

CEO Dan Daigneault of The First Bancorp says his company is in good shape, but the added capital will allow the bank to make more loans to individuals and small businesses.