A name you can trust.

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Custom financial solutions from First Bank

 
Investment Management

Benefit from a wide range of long and short-term investment strategies tailored to meet your goals.

Trust Services

Arrange to have First Bank perform any number of special services for you and your beneficiaries, now or in the future. 

Retirement Planning

Maximize your retirement options when you roll your accounts over to First Bank and choose a fully-managed or self-directed IRA.

Estate Administration

Rest easy knowing we will take care of your estate - from probate of your Will to the final settlement.

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Established in 2003, the Trust Department of First Bank offers an array of trust and investment services, including estate planning. Your account will be serviced locally by a seasoned professional who will be able to understand your individual needs and assist you achieving your financial goals.

SCHEDULE A TRUST SERVICES MEETING

Investment Services

 

Goal Growth

Investment Management

If you're looking for professional investment management and advice, our trust officer will work with you to create a customized portfolio based on your life stage and investment goals.

Umbrella Money

Custody Services

If you would rather not tackle the clerical and accounting work that comes with self-directed investing, First Bank can help. From calculating projections to settling trades, you'll have the peace of mind that comes with having custody of your assets in one secure place. 

Trust Services

 

Testamentary

Living Trust

Established while you are living, we will manage your assets for you during your lifetime. At your death these assets pass to your beneficiaries without the delays, expenses and publicity of probate.

Life Insurance

Irrevocable Life Insurance Trust

If you are planning to use life insurance as wealth replacement, this trust provides liquidity to pay estate tax and settlement costs, as well as financial support for family members.

Living

Testamentary Trust

As part of your Will, this trust ensures that your wishes with regard to your assets are fulfilled long-term. We will invest your assets to provide continuing income for your beneficiaries after your death.

Charitable

Charitable Remainder Trust

If you are interested in contributing your assets to a charitable organization, our services include development of written guidelines, administration of the trust and any endowment, as well as record-keeping, reporting and distributions from the trust.

 

Retirement Planning

401k

401k Administration

For businesses wanting to provide a defined contribution plan for their employees. This type of plan allows employees to set aside tax-deferred income for retirement purposes.

We will design and manage your plan, educate your employees, and provide regular reports. You’ll have a wide variety of investment options, a local contact at First Bank, and online access to view your portfolio and make changes.

Rollover

IRA Rollovers

Did you receive a lump-sum distribution from a pension or profit-sharing plan, or do you have substantial IRA accounts elsewhere? We have two IRA options to consolidate and maximize your money.

Fully-managed IRA – You set the goals, we build and manage your portfolio.

Self-directed IRA – We act as trustee, you make all the decisions.

As Your Personal Representative

 

Probate-09

Arrange for Probate of Your Will


 

Pay-12

Collect Money Owed to Your Estate, Notify Creditors and Pay Debts and Claims

 

Inventory-10

Collect and Inventory Your Estate Assets


 

Invest-1

Manage and Invest Your Assets During the Administration Process

 

Family Heart-14

Distribute the Remaining Estate Assets

 

Help-11

Provide for the Immediate Needs of Your Family During the Administration Process

 

Paperwork-13

File All Required Tax Returns



 

Alan

Alan Spears

Senior Vice President
Trust & Investment Officer

A native of Richmond, Alan has been with First Bank for over 15 years. He earned his Bachelor's, Master's, and law degrees from Indiana University. He also volunteers his time to various non-profit organizations in the community. 

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INVESTMENT PRODUCTS/SERVICES ARE:

NOT A DEPOSIT - NOT FDIC INSURED - NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

NOT GUARANTEED BY THE BANK - MAY LOSE VALUE