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Welcome to Ormsby State Bank

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News Story of the Day
Cuban cigar boom? Not yet, stores and customers say


MIAMI (AP) — The coveted Cuban cigar is set to make its first legal appearance in the U.S. in years, with relaxed guidelines allowing American travelers to return with a few of the once-forbidden items in their suitcases. But the cigars won't roll into stores just yet, and owners say they aren't worried about any dip in business. "I don't think they'll be able to afford it. It's not for the ...

Sports Story of the Day
Phillies finalize deal sending Jimmy Rollins to Dodgers


PHILADELPHIA (AP) — The Phillies have finalized their trade of Jimmy Rollins, sending the All-Star shortstop and $1 million to the Los Angeles Dodgers for right-hander Zach Eflin and left-hander Tom Windle. The deal was agreed to last week at the winter meetings and announced Friday, a day after the Dodgers completed a trade that sent slugging outfielder Matt Kemp to San Diego. Rollins, a ...

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
Cloudy
30ºFCloudy
Feels Like: 30ºF
Humidity: 86%
Wind: 10 MPH S
Forecast
Friday 33ºF 26ºF
Saturday 36ºF 30ºF
Sunday 37ºF 35ºF
Monday 38ºF 30ºF
Tuesday 34ºF 24ºF