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
0.35 %	0.35 %	6 Month
0.75 %	0.75 %	12 Month
1.00 %	1.00 %	24 Month
1.66 %	1.65 %	48 Month

For Terms & Additional Info, Click Here

(APY=Annual Percentage Yield)

Announcements

The 2012 Smythe Family/

State Bank of Park Rapids Scholarship

winner of $4000 will be

announced May 23rd...

stay tuned!!

State Bank of Park Rapids

Over-the-Counter Sales of Savings Bonds Ended 12/31/2011.

The U.S. Department of the Treasury ended over-the-counter sales of paper savings bonds on December 31, 2011. This includes sales of savings bonds through financial institutions and by applications mailed directly to the Federal Reserve Bank. Both Series EE and Series I Savings Bonds are still available, but will need to be purchased directly from the Bureau of Public Debt via the Internet at treasurydirect.gov

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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 let us know before you head out of town and we'll flag your account accordingly: 218-732-3366 ext 128.

Scholarship Award

State Bank of Park Rapids

& Smythe Family Scholarship

Each year, through the Scholarship America program, a

Park Rapids High School graduate is selected to receive a

scholarship from State Bank of Park Rapids.

This year, the award is $4000.

Kelsey Adolphson

is the

2011 Scholarship Award Recipient

Adolphson - scholarship

Wayne Nelson, Kelsey Adolphson, Marty Peterson, Sue Smythe

FDIC Insurance Changes

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 ("IOLTAs"). 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.