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Welcome to Ormsby State Bank

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News Story of the Day
Calif. fire hit with record amount of retardant


PLACERVILLE, Calif. (AP) — Firefighters are dropping record-breaking amounts of retardants on a massive Northern California wildfire that is burning explosively because of the prolonged drought. California firefighters and the U.S. Forest Service together had bombarded the conflagration with more than a half-million gallons of retardant, fire spokeswoman Lynne Tolmachoff said Friday. That ...

Sports Story of the Day
Alabama-Florida: Business not personal for coaches


TUSCALOOSA, Ala. (AP) — Alabama coach Nick Saban won't be concerned with protege Will Muschamp's job security once the game against Florida kicks off. Nor will Muschamp have the third-ranked Crimson Tide's national championship hopes on his mind. The friends will be all business Saturday when the Gators visit Alabama the Crimson Tide's SEC opener. "I never try to make it personal," Saban said. ...

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
64ºFCloudy
Feels Like: 65ºF
Humidity: 77%
Wind: 6 MPH W
Forecast
Saturday 80ºF 54ºF
Sunday 69ºF 47ºF
Monday 72ºF 51ºF
Tuesday 72ºF 57ºF
Wednesday 71ºF 58ºF