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Welcome to Ormsby State Bank

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News Story of the Day
Former NBA player to argue for conviction reversal


TRENTON, N.J. (AP) — A former NBA player convicted in a real estate Ponzi scheme was due in court to argue for a new trial. Tate George has accused the government of prosecutorial misconduct. He was scheduled to appear in court in Trenton on Friday morning. George was convicted last fall on four mail fraud counts. He has been jailed since his conviction and was denied bail earlier this week. ...

Sports Story of the Day
Former NBA player to argue for conviction reversal


TRENTON, N.J. (AP) — A former NBA player convicted in a real estate Ponzi scheme was due in court to argue for a new trial. Tate George has accused the government of prosecutorial misconduct. He was scheduled to appear in court in Trenton on Friday morning. George was convicted last fall on four mail fraud counts. He has been jailed since his conviction and was denied bail earlier this week. ...

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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Current Conditions for Ormsby, MN
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32ºFMostly Clear
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Humidity: 59%
Wind: 15 MPH NW
Forecast
Friday 42ºF 22ºF
Saturday 46ºF 32ºF
Sunday 57ºF 41ºF
Monday 57ºF 34ºF
Tuesday 51ºF 34ºF