Peoples State Bank of Madison Lake

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Peoples State Bank is proud to offer insurance through Peoples State Agency. Bob (Madison Lake) and Mike (Eagle Lake) are certified independent insurance agents who offer both property and casualty coverage.

Peoples State Agency offers business, home, and vehicle insurance with discounts for good credit, multi-policy, paid in full, and good student. 

Contact us for your no obligation, free quote today:

Bob (Madison Lake)
500 Main Street
Madison
 Lake, MN 56063
Phone: (507) 243-3511
Email: bob@psbmadlake.com (this is a non-secure medium)

Mike (Eagle Lake)
405 Parkway
Eagle Lake
, MN
 56024
Phone:  (507) 257-3544
Email: mike@psbmadlake.com (this is a non-secure medium)









*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.

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.

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