Items of Interest

Check here frequently for information about new bank products, special offers and upcoming events. For additional information, contact info@gsb.com or "Ask L.O.L.A."

2010 Shredding Days

We will once again provide free paper shredding service on the following Saturdays in 2010. In order to accommodate the many who attend, we ask that these guidelines be observed:

  • Hours are 9:00 AM - Noon
  • 25 lb. limit
  • Drive-through service - paper will be removed by staff
  • No plastic bags
  • Please use returnable boxes or containers

    Sat., April 17

    We shredded 26,740 lbs. of paper from the 850 cars that drove through!

    		 800 Waukegan Rd., Glenview

    Sat., June 19

    Lots of shredding!
    407 cars arrived with
    14,000 lbs. of paper!

    		 1707 Shermer, Northbrook

    Sat., August 14

    Hot day for the Shred Crew, but nice for the 266 air-conditioned cars that brought 7,000 lbs. of paper for shredding.

    		 1808 S. Arlington Hts. Road
    Arlington Heights
    Sat., Oct. 2 2222 Chestnut Ave., Glenview

The Banking Industry Today

Currently, the state of the economy and that of the banking industry are making headlines. We understand that customers have an increased awareness, and concern, of what is happening in the banking industry. Both the American Banker's Association (ABA) and the FDIC have made strong statements, reassuring depositors and providing some useful information.

Bank information is also available at Bankrate.com's Safe & Sound® rating service. This is a third party proprietary system that provides information on the relative strength and stability of U.S. commercial banks, savings institutions and credit unions. Review GSB's rating.

On July 21, 2010 the standard maximum FDIC deposit insurance amount was permanently raised to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. By using the FDIC's online estimator, EDIE, you can easily check the insurance on your bank deposits. In addition GSB is participating  in the Transaction Account Guarantee Program which provides full FDIC coverage on all non interest-bearing transaction accounts through December 31, 2010.
See how the FDIC protects depositors. (Video)

Tips from the FDIC: New insurance limits

The FDIC publishes a free consumer newsletter with valuable information on a variety of topics. Check here often for updated news.