At The First National Bank in Amboy, we offer many trust and estate services. However, if you need assistance with your financial needs, we will provide all of our administrative and investment services to you with an agency agreement. This type of arrangement can be very helpful to you if you do not need a trust, but you do have a need for help with your financial needs for whatever reasons.
Pleases see our trust options below and contact our Trust Team today for complete details and services or to book a free consultation.
Trust Services
The First National Bank in Amboy can serve as a designated corporate trustee in these trust services:
- Living Trusts
- Testamentary Trusts
- Charitable Trusts
- Land Trusts
- Insurance Trusts
The benefits received by appointing us for these diverse trust services include:
- Simplified, streamlined process
- Asset management and investment
- Maintain records
- Distribution of trust, according to your desires
- Processing of income, bills, real estate transactions, and tax preparation
- Confidentiality of information
Executor and Administrator Services
The First National Bank in Amboy can serve as an executor or administrator.
By appointing The First National Bank in Amboy as such will ensure discretion throughout the estate process, providing confidence in the specialized, skilled personnel.
- Simplified, streamlined process
- Collection, safeguard and distribution of assets
- Estate management
- Distribution of estate, according to your desires
- Processing of income, bills, real estate transactions, and tax preparation
- Confidentiality of information
Custodial & Agent Accounts
The First National Bank in Amboy can serve as custodian or agent.
By appointing The First National Bank in Amboy as such will provide the services to help with asset management, eliminating time consuming tasks, servicing your needs with our specialized, skilled personnel.
- Simplified, streamlined process
- Asset management and investment
- Maintain records
- Quarterly reporting
- Processing of income, bills, real estate transactions, and tax preparation
- Confidentiality of information
Guardianships for Minors & Disabled Persons
The First National Bank in Amboy can service as the guardian of the estate for minors and disabled persons.
Our experienced staff can provide comforting services to safeguard assets.
- Asset management and investment
- Maintain records
- Annual court reports
- Processing of income, bills, real estate transactions, and tax preparation
- Confidentiality of information
Farm Management
The First National Bank in Amboy is based in rural Lee County, with Agriculture based business. Our expertise can provide a range of farm management services.
- Asset management including cash leases
- Maintain records
- Monitoring of current market and farm conditions along with land prices
- Knowledge and participation with FSA, USDA programs
- Processing of income, bills, and real estate transactions
- Confidentiality of information
1031 Exchanges
The First National Bank in Amboy can serve as an intermediary for 1031 exchange accounts to safeguard assets and complete transactions.
- Simplified, streamlined process
- Maintain records
- Distribution of funds
- Confidentiality of information
Escrow Services
Appointing The First National Bank in Amboy to serve as an escrow agent will provide the services to ease the escrow process.
- Simplified, streamlined process
- Maintain records
- Confidentiality of information
Funeral Trust
The First National Bank in Amboy provides an exclusive service as trustee for funeral homes with preneed funeral trusts.
Founding experience provides quality service in maintaining these accounts.
- Asset management of individual preneed trusts
- Maintain records
- Quarterly reports
- Annual accounting
- Distribution of preneed trusts
- Confidentiality of information
Contact our Trust Team today for complete details and services or to book a free consultation.
Investments may not be FDIC insured or guaranteed by the bank and may be subject to investment risk and loss of principal.
