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Trust Services

Home Ag & Business Trust Services

Managed Assets from a Bank You Trust

First State Bank is equipped to assist you with trusts, trust funds, and estates for individuals, businesses, and other entities. Talk to one of our trust experts to identify the best way to manage your assets. Below is also a full list of our trust services and their purposes.

 

Compare Our Services

ServicesPurpose
IRA, SEP, Other Retirement Funds
  • Serve as custodian of your IRA
  • Assist you in establishing your other tax deferred retirement plans for you and your employees
Custodian
  • Serve as custodian of your IRA
  • Assist you in establishing your other tax-deferred retirement plans for you and your employees
Estate Services
  • An estate is simply all of the assets one owns
  • FSB can serve as executor of a customer's Last Will and Testament
  • Handle estates and investments of a deceased family member to take the burden off the family
Farm Management
  • Help absent landowners, retired landowners and heirs without any farming experience to manage agricultural assets
Escrows
  • Serve as escrow agent for real estate and other deferred payment contracts
  • Bookkeeping services
  • Collect and distribute the income
  • Deliver the deeds and assets when the obligation is paid
Conservatorship
  • FSB becomes conservator for a customer with a disability
  • Paying bills
  • Managing property
  • Managing investments
  • Preparing personal income tax information
Trusts
  • Advise you on the type of trusts available
  • Assist you in having a trust setup
  • Act as the trustee, if requested
  • Types of Trusts: Living Trusts, Testamentary Trusts, Irrevocable Life Insurance Trusts (ILIT) and more
Burial Trusts
  • Work with you and the funeral home of your choice to set up the trust
Agency Accounts
  • Manage personal finances and financial affairs
  • Examples include: routine budgets, bill paying, and financial transactions

Other Services Provided Through the Trust Department:

  • Investment Counseling
  • Scholarship Management
  • Endowments
  • Serving as Power of Attorney

Talk to one of our team members to get assistance in any of these additional areas.

  • Ida Grove

  • Kristy Arbegast

    Vice President & Trust Officer

    Division: Trust Services

    Phone: (712) 364-3181

Select Online Account
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