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Welcome to Ormsby State Bank

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News Story of the Day
Aging pipe break points to US water main risk


Associated Press LOS ANGELES (AP) — The rupture of a nearly century-old water main that ripped a 15-foot hole through Sunset Boulevard and turned a swath of the University of California, Los Angeles into a mucky mess points to the risks and expense many cities face with miles of water lines installed generations ago. Much of the piping that carries drinking water in the country dates to the ...

Sports Story of the Day
UCLA's Pauley Pavilion drenched in hoops history


AP Sports Writer LOS ANGELES (AP) — The House That Wooden Built is waterlogged. Pauley Pavilion, UCLA's storied basketball arena where John Wooden coached teams that won eight of his 10 national championships, was drying out Wednesday after the court was deluged by 10 inches of water when a 93-year-old pipe burst near the campus in Westwood. UCLA Chancellor Gene Block said workers were busy ...

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
Partly Sunny
81ºFPartly Sunny
Feels Like: 80ºF
Humidity: 38%
Wind: 6 MPH WNW
Forecast
Wednesday 81ºF 55ºF
Thursday 81ºF 57ºF
Friday 82ºF 57ºF
Saturday 83ºF 60ºF
Sunday 85ºF 63ºF