Bank News

SAVINGS BONDS GO PAPERLESS

Effective January 1, 2012, paper Savings Bonds will no longer be sold at financial institutions.  This action, which supports the U.S. Department of the Treasury's goal to increase the number of electronic transactions with citizens and businesses, will save American taxpayers approximately $70 million over the first five years. 

Those currently holding paper savings bonds can continue to redeem them at financial institutions.  Bonds, which have not matured, but were lost, stolen or destroyed, can be reissued in paper or electronic form.

For more information about the elimination of paper savings bonds and how to enroll in Treasury Direct, visit www.treasurydirect.gov.

FDIC INSURANCE INCREASE

FDIC Deposit Insurance has been increased from $100,000 to $250,000 per depositor.  Information about the FDIC Insurance increase can be found at the following link: http://www.fdic.gov

FDIC TRANSACTION ACCOUNT GUARANTEE

Marion State Bank has chosen not to participate in the FDIC's Transaction Account Guarantee Program.  Customers of Marion State Bank with noninterest-bearing transaction accounts will continue to be insured for up to $250,000 under the FDIC's General deposit insurance rules.

PROTECT YOUR PRIVACY

We have been notified of several Internet scams requesting personal banking information.  PLEASE DO NOT RESPOND to any calls or emails of this type.  Marion State Bank will NEVER ask for your account information via email, telephone call or direct mail.  If you have any questions about a request you receive, please contact us ASAP.  We want to help you PROTECT YOUR PRIVACY!