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Welcome to Ormsby State Bank

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News Story of the Day
Warming Earth heading for hottest year on record


WASHINGTON (AP) — Earth is on pace to tie or even break the mark for the hottest year on record, federal meteorologists say. That's because global heat records have kept falling in 2014, with September the latest example. The National Oceanic and Atmospheric Administration announced Monday that last month the globe averaged 60.3 degrees Fahrenheit (15.72 degrees Celsius). That was the hottest ...

Sports Story of the Day
Rest or rust? Royals, Giants set for World Series


KANSAS CITY, Mo. (AP) — Buster Posey and the San Francisco Giants zipped through the playoffs, Lorenzo Cain and the Kansas City Royals zoomed along. And then, they all got some time off. Almost an eternity, by October standards. When the World Series begins Tuesday night at Kauffman Stadium, both teams will deal with a familiar issue this deep in the postseason: Does an extended layoff ...

FDIC INFORMATION

FDIC coverage $250,000 per depositor.
FDIC Transaction Account Guarantee Program
Effective June 30, 2010, funds held in non-interest bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee program but will be insured up to $250,000 under the FDIC's general insurance rules.

 
Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012.  This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.  The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It also includes Interest on Lawyers Trust Accounts ("IOLTA's").  It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

 

For more information about temporary FDIC Insurance coverage of transaction accounts, visit www.fdic.gov


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Local Weather
Current Conditions for Ormsby, MN
Sunny
70ºFSunny
Feels Like: 69ºF
Humidity: 28%
Wind: 13 MPH NW
Forecast
Monday 67ºF 38ºF
Tuesday 64ºF 40ºF
Wednesday 64ºF 49ºF
Thursday 71ºF 45ºF
Friday 73ºF 47ºF