It’s that time of year again – the time of year that we begin thinking about real estate taxes. At American Bank, we disburse funds from our mortgage loan escrow accounts around the middle of December. We make the checks … Continue reading
Full FDIC Insurance Coverage for Non-Interest Bearing Transaction Accounts will expire December 31, 2012. Beginning January 1, 2013, noninterest-bearing transaction accounts will no longer be insured separately from depositors’ other accounts at the same FDIC insured depository institution (IDI). Instead, … Continue reading
Are you looking to purchase savings bonds for holiday gifts?
The Treasury discontinued over-the-counter sales of paper savings bonds in January 2012. Savings bonds in electronic format remain available for purchase at: www.treasurydirect.gov . In order to purchase a savings bond, you must open an account in TreasuryDirect. On this site there are also options for you to purchase bonds as gifts to other individuals.
I recently came across a portion of our employee handbook from 1977 written by our first President. In the letter to the employees, he states, “When the bank opened its doors, the only other businesses in the area were the H.C. Prange Company and the Red Owl Store. The bank’s ‘slogan’ from the start has been the ‘Peoples Bank.’” Continue reading