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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
Services
Purpose
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
Jeffrey Kelley
President & Trust Officer
NMLS: 488560
Divisions: Ag & Commercial Lending,
Consumer Lending,
Real Estate Lending,
Trust Services