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Welcome to Ormsby State Bank

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News Story of the Day
World War II airmen fly again in storied B-29


BATON ROUGE, La. (AP) — The bomber best known for dropping the atomic bombs on Japan also flew countless other raids. Karnig Thomasian's final mission on a B-29 Superfortress ended in flames when bombs collided and exploded in the air over Burma in 1945. He parachuted out and spent six months in a Japanese prison camp. On Thursday, he was once again in a B-29, flying from Baton Rouge to New ...

Sports Story of the Day
Pistorius prosecutors consult expert over appeal


STELLENBOSCH, South Africa (AP) — Prosecutors in the Oscar Pistorius case have consulted with a criminal law expert over a possible appeal, which means the Olympic runner could face a murder conviction again. Prosecution spokesman Nathi Mncube confirmed Friday that chief prosecutor Gerrie Nel has consulted with Prof. James Grant over appealing. Grant wrote on Twitter that he has advised Nel to ...

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
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52ºFIntermittent Clouds
Feels Like: 57ºF
Humidity: 76%
Wind: 9 MPH SSE
Forecast
Friday 72ºF 46ºF
Saturday 68ºF 38ºF
Sunday 67ºF 50ºF
Monday 67ºF 43ºF
Tuesday 54ºF 35ºF