Personal and Business Banking

  • Deposit Accounts

    Deposit accounts are available at the First State Bank of Golva. For more information or to open an account, please stop by our bank in Beach, Golva, or Medora.

  • Regular Checking Accounts

    Customer receives a monthly statement that includes images of their cancelled checks

    Minimum Balance to open the account

    You must deposit $500.00 to open this account.

    Minimum Balance to Avoid Imposition of Fees

    A minimum balance fee of $8.00 will be imposed every month if the balance in the account falls below $500.00 any day of the cycle unless you have a loan or credit card with us.

  • Interest Bearing Checking Account

    Minimum deposit of $500.00 required to open an account

    • Interest bearing account
    • Interest is calculated on daily balance and credited to your account monthly
    • Customer receives a monthly statement that includes images of their cancelled checks

    Minimum Balance to Avoid Imposition of Fees

    A minimum balance fee of $10.00 will be imposed every month if the balance in the account falls below $500.00 any day of the cycle.

  • Savings Account

    Minimum deposit of $50.00 required to open an account

    • Interest bearing account
    • Interest is calculated on daily balance and credited to your account monthly
    • Customer receives a statement quarterly. A monthly statement is provided when there is Electronic Funds Activity

    Minimum Balance to Avoid Imposition of Fees

    A minimum balance fee of $5.00 will be imposed every month if the balance in the account falls below $50.00 any day of the cycle.

    Transaction Limitations

    Transfers from a Passbook Savings Account to another account or to third parties by preauthorized, automatic, or telephone transfer or by check, draft or similar order to third parties are limited to six per statement.

  • Money Market Account

    Minimum deposit of $2,500.00 required to open an account.

    • Interest bearing account
    • Interest is calculated on daily balance and credited to your account monthly
    • Customer receives a monthly statement that includes images of their cancelled checks

    Minimum Balance to Avoid Imposition of Fees

    A minimum balance fee of $10.00 will be imposed every month if the balance in the account falls below $2,500.00 any day of the cycle.

    Transaction Limitations

    Transfers from a Money Market Demand Account to another account or to third parties by preauthorized, automatic, or telephone transfer or by check, draft or similar order to third parties are limited to six per statement cycle.

  • Certificates of Deposit

    • A variety of CD terms available
    • Interest is paid at maturity or semi-annually depending on the term of the CD
    • Interest may be compounded or deposited into an existing account
    • Penalty for early withdrawal
  • IRA Accounts

    • Traditional
    • Sep
    • Roth