State Bank of Park Rapids

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HIGHER LEARNING FUND
APY	Interest Rate
4.06 %	4.00 %
CERTIFICATES OF DEPOSIT
APY	Interest Rate	Term
1.10 %	1.10 %	6 Month
1.51 %	1.50 %	12 Month
1.86 %	1.85 %	24 Month

For Terms & Additional Info, Click Here

(APY=Annual Percentage Yield)

Announcements

Introducing...

Marty Peterson, Senior Vice President!

Marty Peterson, Sr VP

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 !

* * *

$4000 Scholarship Award!

($1000 Renewable for up to 3 additional years

if student remains qualified.)

Applications for the

State Bank of Park Rapids/Smythe Family Scholarship

are now available at the Reception Desk at the Bank.

Qualifications: Graduating Park Rapids High School Senior

continuing on to a post-secondary school Fall 2010,

GPA of at least 2.0%, must be a customer of

State Bank of Park Rapids (student and/or parents).

Applications are sent directly to Scholarship America and

must be postmarked by March 15, 2010.

See "Scholarship Eligibility" under "Community" tab on this website

for more information, or review an application for complete details.

Scholarship Award

State Bank of Park Rapids Scholarship!

Each year, through the Scholarship America program,

a Park Rapids High School graduate is selected

to receive a scholarship award compliments of the

Smythe family and State Bank of Park Rapids.

This year, the award is $4000.

State Bank of Park Rapids Scholarship Award 2009

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.

* * * *
NOW accounts and IOLTA accounts at State Bank of Park Rapids are fully guaranteed by the FDIC through December 31, 2009.

* * * *
FDIC general deposit insurance rules have temporarily increased basic coverage from $100,000 to $250,000 per depositor through December 31, 2013.