It’s relatively simple to open an account at Stearns Bank. Here are some forms, disclosures and a signature card to help you get started. Please call 1-800-320-7262 for more information!

Forms

Account Terms & Fees (select location)

Notices Regarding The Federal Deposit Insurance Corporation’s [FDIC’s] Deposit Insurance Coverage

On May 20, 2009, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.

FDIC’s Temporary Liquidity Guarantee Program Participating Bank Disclosure

Transaction Account Guarantee Program. Stearns Bank NA is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. 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. Stearns Bank’s interest-bearing NOW account is also covered under the Transaction Account Guarantee Program as the bank has committed to the FDIC’s requirements for that coverage.

Transfers From a Non-Interest Bearing Account to an Interest Bearing Account, Including Sweep Arrangements. Sweep arrangements or other transfer requests (i.e. telephone, Internet, in-person) may affect your FDIC deposit insurance coverage. If funds from a non-interest bearing account that would be guaranteed under the FDIC’s Transaction Account Guarantee Program (where the entire amount on deposit is guaranteed through 12/31/2009) are transferred to an interest bearing account (other than a NOW account), the sweep or transfer voids the FDIC’s guarantee under the Transaction Account Guarantee Program with respect to the transferred funds. However, the transferred funds would be covered under the FDIC’s general deposit insurance rules.