Welcome to FirstState Bank!

Please click HERE for a notice regarding our new hours of business.

Please click HERE to see properties and vehicles available for sale.

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 dominate mainstream headlines. Deposits held in FDIC-insured community banks are guaranteed by the federal government for up to $250,000 per depositor.

In Accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, from December 31, 2010 through December 31, 2012, all funds in “noninterest-bearing transaction accounts” are insured in full by the Federal Deposit Insurance Corporation. 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 any transaction account that may earn interest, such as a negotiable order of withdrawal (NOW) account or a money-market deposit account. The temporary full insurance coverage of “noninterest-bearing transaction accounts” expires on December 31, 2012. After December 31, 2012, funds in noninterest-bearing transaction accounts will be insured under the FDIC’s general deposit insurance rules, subject to the Standard Maximum Deposit Insurance Amount of $250,000. For more information about this rule or about FDIC insurance coverage generally, visit www.fdic.gov.

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).

Market Watch

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