**Please note that we have updated our logo and webpage.**
Peoples State Bank of Madison Lake, located in Madison Lake, MN, and Eagle Lake, MN, is a locally owned, FDIC insured bank and Equal Housing Lender, serving the Lake Region Area since 1906.
Use this website to find out about our services, to contact and/or locate one of our branches, or to access online banking.
*NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, effective January 1, 2013, noninterest-bearing transaction accounts no longer will be insured by the FDIC as a separate ownership category. Thereafter, NIBTA deposits at an IDI will be aggregated with any other deposits held by the same person in the same ownership category, with the total insured up to the standard maximum deposit insurance amount, which is currently $250,000.
For more information, visit www.fdic.gov