First State Bank

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"All we have to sell is service"-Charles M. Johnson Sr.
We have been providing the finest in personalized banking service to southeastern Minnesota since 1901, and are recognized as being a leader in community banking. We are proud to be located in Fountain, a community of 344 gentle souls, at the western starting point of the beautiful Root River Bike Trail. Our 9 employees have over 136 years of combined experience and are excited to share their progressive financial expertise with you, via our website, or in person. Whether you are new to our bank, or are an existing customer, we invite you to experience the hometown feeling you get by doing business with a bank that truly is “Your Community Bank for Generations!”

Temporary Liquidity Guarantee Program
Our institution has elected to participate in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. (The definition of non-interest bearing transaction accounts includes accounts that do not earn interest and low-interest NOW accounts with interest rates less than .25%.) Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. Checking accounts paying interest of more than .25% are not guaranteed by the FDIC above normal FDIC insurance limits.
The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama on July 21, 2010, made permanent the current standard maximum deposit insurance amount (SMDIA) of $250,000. The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category.