FDIC-Insured - Backed by the full faith and credit of the U.S. Government
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Under the Federal Community Reinvestment Act (CRA), the Federal Deposit Insurance Corporation (FDIC) evaluates our record of helping to meet the credit needs of this community consistent with safe and sound operations. The Federal Deposit Insurance Corporation also takes this record into account when deciding on certain applications submitted by us.
Your involvement is encouraged.
You are entitled to certain information about our operations and our performance under the CRA, including, for example, information about our branches, such as their location and services provided at them; the public section of our most recent CRA Performance Evaluation, prepared by the Federal Deposit Insurance Corporation (FDIC); and comments received from the public relating to our performance in helping to meet community credit needs, as well as our responses to those comments. You may review this information today.
At least 30 days before the beginning of each quarter, the Federal Deposit Insurance Corporation publishes a list of the banks that are scheduled for CRA examination by the Federal Deposit Insurance Corporation in that quarter. This list is available from FDIC Regional Director, Division of Depositor and Consumer Protection, 1110 Walnut Street, Suite 2100, Kansas City, MO 64106. You may send written comments about our performance in helping to meet community credit needs to the President, First State Bank, 423 Broadway, Buxton, ND 58218 and the FDIC Regional Director. You may also submit comments electronically through the FDIC’s website at www.fdic.gov/regulations/cra. Your letter, together with any response by us, will be considered by the Federal Deposit Insurance Corporation in evaluating our CRA performance and may be made public.
You may ask to look at any comments received by the FDIC Regional Director. You may also request from the FDIC Regional Director an announcement of our applications covered by the CRA filed with the FDIC. We are an affiliate of Full Service Insurance Agency Inc., a bank holding company. You may request from Officer in Charge of Supervision, Federal Reserve Bank of Minneapolis, 90 Hennepin Ave, Minneapolis, MN 55480-0291, an announcement of applications covered by the CRA filed by bank holding companies.
| Account Closed | $10.00 if closed within six months of opening |
| Account Research, Statement Reconciliation Reconciliation and/or Copies of Statements | $20.00 per hour (1 hour minimum) $1.00 per microfilm copy $1.00 per statement |
| ACH Transfer To Or From Another Financial Institution | $5.00 per transfer |
| Business Digital Banking | Positive Pay (ACH Only) Option - $15.00 BDB ACH Origination - $25.00 per month BDB Domestic Wire Transfer - $30.00 per wire |
| Cashier's Check | $5.00 per check |
| Check Cashing (Non Customer Only) | 1% of check, $5.00 minimum |
| Coin Counting (Non Customer Only) | 10%, $2.00 minimum |
| Collections | $15.00 + 1%, Max. $250 - Incoming $15.00 per item - Outgoing |
| Copy of Check, Deposit or Withdrawal | $1.00 per copy |
| Counter Checks | $5.00 for a book of 20 checks |
| Debit Card | No Annual Fee $10.00 Card Replacement Fee |
| Dormant(1) Account Fee | $5.00 per month only if account balance is $100.00 or less |
| Deposit Bags | $25.00 per bag |
| Expedited Bill Pay Fee | $4.95 to $19.95 depending on delivery method |
| Fax | Sending - 1st Page - $2.50 Each Additional Page - $1.00 Receiving - 1st Page - $1.00 Each Additional Page - $1.00 |
| Foreign Currency | Customers only - @ current cost |
| Garnishment/Levy | $25.00 per Garnishment/Levy |
| VISA Giftcard | New Card Issuance Fee - $5.00 |
| Money Order | $4.00 per money order |
| Notary Public | No Charge - Customers $3.00 - Non-Customers |
| Overdraft Fee | $30.00 per occurrence(2) *Maximum of $150.00 in Overdraft Fees per day Overdrafts by checks, ACH withdrawals, or in person withdrawals may result in an Overdraft Fee. |
| Continuous Overdraft Charge | $30.00 every 5 business days |
| Overdraft Protection Transfer Fee | $5.00 per transfer *This fee will be charged each time your pre-authorized overdraft protection transfer occurs between a Checking and a Savings Account. |
| Positive Pay Services | $25.00 per month (Checks and ACH) |
| Photocopies | $0.25 per page |
| Ready Reserve | $30.00 Annual Fee (3)Annual Fee will be assessed in the anniversary month of your note. |
| Returned Item Fee | $30.00 per occurrence Maximum of $150.00 per day |
| Returned Deposit Item/Cash Item | $10.00 per returned item presented for deposit Maximum of $150.00 per day |
| Safe Deposit Boxes | Annual Rent 3 x 5 - $25.00 Annual Rent 4 x 5 - $30.00 Annual Rent 3 x 10 - $35.00 Annual Rent 3.5 x 10 - $45.00 Annual Rent 5 x 10 - $50.00 Annual Rent 10 x 10 - $60.00 Mailed Notice (no automatic payment) - $25.00 Drill Lock - $125.00 + mileage Lost Key - $50.00 Late Charge - $10.00 annually |
| Stop Payment Fee | $25.00 per check $25.00 per ACH item $25.00 per range of checks |
| Wire Transfers | $10.00 - Incoming Customer $30.00 - Outgoing $25.00 - Incoming International $75.00 - Outgoing International |
| Written Credit Information | $10.00 |
First State Bank Products and Limitations:
(1)Dormant is defined as 12 months of inactivity for Checking Accounts and 24 months of inactivity for Savings Accounts
(2)If the overdraft causes the overdrafted balance to fall to $5.00 or less an Overdraft Charge will not be charged
(3)The Ready Reserve Annual Fee will be assessed in the anniversary month of your Ready Reserve Note. For example if your Ready Reserve Note was originated in June of 2015, your Annual Fee will be assessed in June of each year.
Important information about procedures for opening a new account.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions obtain, verify and record information that identities each person who opens an account.
What this means to you:
We proudly support all efforts to protect and maintain the security of our customers and our Country. We apologize for any inconvenience this may cause, however, federal law prohibits us from waiving these requirements.
Effective as of July 1, 2025
First State Bank has updated our Funds Availability Policy that includes changes to the amount of funds available to you when you deposit a check. These changes are effective July 1, 2025. Except for these changes, all other terms and conditions regarding your deposit account continue to apply.
The new inflation adjusted dollar thresholds per Regulation CC, effective as of July 1, 2025, are as follows:
The updated Funds Availability Policy is below:
YOUR ABILITY TO WITHDRAW FUNDS AT FIRST STATE BANK. Our policy is to make funds from your cash, check and electronic deposits available to you on the same business day as the day we receive your deposit. Once the funds are available, you can withdraw them in cash and/or we will use them to pay checks that you have written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit at one of our branches in person before the close of business on a Business Day we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after the close of business or on a day that we are not open, we will consider the deposit made on the next business day.
Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the same business day as the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. The first $275 of your deposit, however, may be available on the first business day after the day of your deposit. If we are not going to make all of the funds from your deposit available on the same business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the business day after we receive your deposit. If you need the funds from a deposit right away, you should ask us when the funds will be available.
Longer Delays May Apply. We may delay your ability to withdraw funds deposited by check into your account an additional number of days for these reasons:
We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.
Holds On Other Funds. If we cash a check for you that is drawn on another financial institution, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. If we accept for deposit a check that is drawn on another financial institution, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.
Special Rules For New Accounts. If you are a new customer, the following special rules will apply during the first 30 days your account is open:
Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $6,725 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $6,725 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $6,725 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the seventh business day after the day of your deposit.
Member FDIC