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Welcome to Ormsby State Bank

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News Story of the Day
CBO: Deficit to shrink to lowest level of Obama presidency


WASHINGTON (AP) — Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released Monday. The Congressional Budget Office also projects a 14 percent drop in the number of U.S. residents without health insurance, largely because of Obama's health law. In a report released ...

Sports Story of the Day
No. 13 North Carolina beats Syracuse 93-83 for 7-1 ACC start


CHAPEL HILL, N.C. (AP) — Brice Johnson had 15 of his 17 points after halftime and No. 13 North Carolina shot 55 percent to beat Syracuse 93-83 on Monday night. Nate Britt added a career-best 17 points and four 3-pointers off the bench for the Tar Heels (17-4, 7-1 Atlantic Coast Conference), who pulled away in the final 4 minutes for their sixth straight win. UNC shot 62 percent in the second ...

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 Cloudy
34ºFPartly Cloudy
Feels Like: 34ºF
Humidity: 93%
Wind: 8 MPH NW
Forecast
Tuesday 40ºF 31ºF
Wednesday 43ºF 32ºF
Thursday 34ºF 19ºF
Friday 31ºF 25ºF
Saturday 28ºF 9ºF