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Welcome to Ormsby State Bank

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Red tide off northwest Florida could hit economy


CLEARWATER, Fla. (AP) — It's like Florida's version of The Blob. Slow moving glops of toxic algae in the northeast Gulf of Mexico are killing sea turtles, sharks and fish, and threatening the waters and beaches that fuel the region's economy. Known as "red tide," this particular strain called Karenia brevis is present nearly every year off Florida, but large blooms can be particularly ...

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Your Top Plays for Today: AP's Sports Guide VIKINGS REVERSE COURSE, BAN PETERSON FROM TEAM ACTIVITIES Minnesota changes mind on Adrian Peterson, banning him from team activities over child abuse claims. https://news.yahoo.com/vikings-bring-back-peterson-despite-abuse-charge-072924856--spt.html ORIOLES, NATIONALS BOOK PLAYOFF PLACES Baltimore, Washington win to become second and third teams to ...

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
54ºFCloudy
Feels Like: 59ºF
Humidity: 81%
Wind: 5 MPH SSE
Forecast
Wednesday 73ºF 50ºF
Thursday 73ºF 60ºF
Friday 85ºF 66ºF
Saturday 78ºF 56ºF
Sunday 74ºF 51ºF