Welcome to FirstState Bank!

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The Independent Community Bankers of America (ICBA) and FirstState Bank are reminding community bank customers of the extraordinary stability of the community banking industry as the troubles of large Wall Street financial institutions and investment firms have garnered headlines. Deposits held in FDIC-insured community banks are guaranteed by the federal government for up to $250,000 per depositor.

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 FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.

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 this rule or about FDIC insurance coverage generally, visit www.fdic.gov.

Notice: In an effort to better serve our customers, FirstState Bank will no longer observe the 2:00 p.m. "cutoff" time for receiving same-day credit for transactions. Our normal business days are Monday through Friday (excluding banking holidays), and transactions will be posted to your account on the business day in which the transaction is received by the bank. Transactions received in the night depository and/or on Saturday will be posted to your account on the next business day.

Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act)

The Agencies have adopted final rules to implement the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act).  The SAFE Act requires FirstState Bank staff members who act as residential mortgage loan originators to register with the Nationwide Mortgage Licensing System and Registry, obtain a unique identifier and maintain the registration.

Beginning December 16, 2011, FirstState Bank will no longer be accepting savings bond applications. The Treasury Department will be requiring that savings bonds be ordered online. Their Web site is www.treasurydirect.gov.  FirstState Bank will continue to redeem savings bonds for its customers as before.

Click here to access EDIE (the FDIC's Electronic Deposit Insurance Estimator).

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