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Welcome to Ormsby State Bank

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News Story of the Day
US tobacco growers brace for tougher competition


DANVILLE, Va. (AP) — Starting next month, America's remaining tobacco growers will be totally exposed to the laws of supply and demand. The very last buyout checks, totaling about $916.5 million, go out in October to about 425,000 tobacco farmers and landowners. They're the last holdovers from a price-support and quota system that had guaranteed minimum prices for most of the 20th century, ...

Sports Story of the Day
Eagles make right calls in 30-27 win over Colts


INDIANAPOLIS (AP) — Philadelphia made all the right calls Monday night. In the end, Andrew Luck and the Colts made too many mistakes. The Eagles turned two second-half turnovers, including an inexplicable late interception of Luck, into 14 points and eventually made a 36-yard field goal as time expired to beat the Colts 30-27. "I just saw the ball and went for that. Sometimes you get calls, ...

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
Clear
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Feels Like: 44ºF
Humidity: 86%
Wind: 3 MPH S
Forecast
Tuesday 68ºF 51ºF
Wednesday 73ºF 53ºF
Thursday 73ºF 61ºF
Friday 82ºF 65ºF
Saturday 80ºF 56ºF