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Welcome to Ormsby State Bank

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News Story of the Day
Marijuana advocates hope Maine goes legal next


SOUTH PORTLAND, Maine (AP) — Marijuana advocates want to finally take their legalization drive — thus far the province of western states — to the Northeast, and they say the first state to do it here might be Maine. The Pine Tree State has a long history with cannabis — Maine voters approved medical marijuana legalization 15 years ago, becoming the first state to do so in New England. Now, ...

Sports Story of the Day
Pressure builds after Pacquiao win for Mayweather


AP Boxing Writer MACAU (AP) — Manny Pacquiao is done taking the high road, tired of pretending he doesn't care. At long last he has Floyd Mayweather Jr. right where he wants him. And this time he's not about to let him slip away without a fight. "I think it's time to say something," Pacquiao said Sunday after dispatching Chris Algieri in convincing fashion in this Chinese casino town. "The ...

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
46ºFCloudy
Feels Like: 49ºF
Humidity: 75%
Wind: 20 MPH WNW
Forecast
Sunday 50ºF 19ºF
Monday 25ºF 14ºF
Tuesday 33ºF 26ºF
Wednesday 29ºF 6ºF
Thursday 18ºF 10ºF