Announcements
Introducing...
Marty Peterson, Senior Vice President!

Mr. Peterson began loan consulting at State Bank of Park Rapids on
September 8, 2009. He came on as a Senior Vice President
on December 28. Stop by and introduce yourself to Marty!
State Bank of Park Rapids
Scholarship Applications are now Available !
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Scholarship Award
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ALLISON LEMPOLA
is the
2009 Smythe Family/State Bank of Park Rapids
Scholarship Award Recipient.
Congratulations, Allison!
Pictured:
Jon Smythe, Allison Lempola, Sue Smythe
Temporary Liquidity Guarantee Program
State Bank of Park Rapids is participating in the FDIC's Transaction Account Guarantee Program (TAG) through December 31, 2009. Under that program, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
After December 31, 2009, funds in noninterest-bearing accounts will no longer be guaranteed in full under TAG, but will be insured up to $250,000 under the FDIC’s general deposit insurance rules.
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NOW accounts and IOLTA accounts at State Bank of Park Rapids are fully guaranteed by the FDIC through December 31, 2009.
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FDIC general deposit insurance rules have temporarily increased basic coverage from $100,000 to $250,000 per depositor through December 31, 2013.




