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Welcome to
the online home
of Grand Marais State Bank.
For
over 90 years,
Grand Marais
State Bank
has been providing
our customers
with the latest
in banking
technology,
professional
customer service,
and convenience
with two locations
and 24 hour
banking.
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The main branch in Grand Marais
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Grand
Marais State Bank is located on Highway 61 in Grand Marais,
Minnesota, on the beautiful North Shore of Lake Superior.
We also have a branch office in Tofte.
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The Tofte branch
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Business hours at both locations are
9 a.m. to 4 p.m. Monday through Friday in the lobby,
with the drive-ups open from 8 a.m. to 6 p.m.
The drive-ups are also open from 8 a.m. to 12 noon on Saturdays.
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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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