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Loans
We
specialize in
Real Estate financing
on the North Shore.
Grand
Marais State Bank provides a wide range of loans to meet
your real estate needs for purchase or home improvement,
as well as loans for financing your vehicle, boat or adventure.
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Member FDIC |
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 does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts or money-market deposit accounts. Interest on Lawyers Trust Accounts (“IOLTAs”) are the exception. These accounts have unlimited deposit insurance until December 31, 2012.
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An Equal Housing Lender
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