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|HIGHER LEARNING FUND|
|4.06 %||4.00 %|
|CERTIFICATES OF DEPOSIT|
|0.25 %||0.25 %||6 Month|
|0.50 %||0.50 %||12 Month|
|0.70 %||0.70 %||24 Month|
|1.10 %||1.10 %||48 Month|
(APY=Annual Percentage Yield)
2014 State Bank of Park Rapids / Smythe Family Scholarship applications are now available at the Bank!
If you're a Park Rapids High School senior this year and would like up to $4000 to help you get through college, and you:
- have a cumulative GPA of at least 2.0, and
- have applied to or will be applying to an accredited university, college, or votech for attendance Fall of 2014, and
- are an active account holder or the child of an active account holder at State Bank of Park Rapids...
Apply for our scholarship! The recipient will be announced in mid-May.
Applications need to be postmarked by March 15.
HEARTS TO HANDS
104 sets of mittens, 7 scarves, 70 hats &
5 pairs of socks have been delivered to
Hubbard County Social Services
for distribution to local families!
Thank you for your generous donations!
State Bank of Park Rapids
If you're traveling out of the area, let us know!
To help protect your accounts, we use a fraud detection system that may automatically deactivate your Instant Cash & Check Card (your debit card) if it is used in a manner that is outside your normal usage patterns. This is likely to occur if you use your debit card while traveling! Please call our bookkeeping department before you head out of town and we'll flag your account accordingly: 218-237-0934.
2013 Scholarship Award Recipient!
.Sue Smythe-COO, Jacob Waggoner, Marty Peterson-President,
FDIC Insurance Changes
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE
COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing
transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited
deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).
Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution,
including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard
maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.