Welcome to the Prior Lake State Bank web site! We are a locally-owned, community-oriented bank with all the financial products, services, and conveniences of our big city counterparts. Yet, at the Prior Lake State Bank, we still provide the kind of personal service you may have thought no longer exists in banking.

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 also includes interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.


Concerned about mortgage foreclosure? Know your options!
Click on the image below to access good information from Fannie Mae to learn how to get help if you are struggling with your mortgage payments or facing foreclosure.  You’ll see options to stay in your home, options to leave your home, and hear from others who have been in a similar sitution.



Learn About Making Homes Affordable
Click on the image below to access good information from the Treasury Department about refinancing and home loan modifications to make monthly payments affordable without damaging your credit.