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- Fraud/Security for Deposits
Experienced. Knowledgeable. Professional.
In State Street Bank’s Trust Department, each account is managed with a focus on fulfilling the wishes of each client. Whether you are a current bank customer or new to town come and meet our experienced, knowledgeable and professional staff. We truly believe that they are what set our Trust Department apart. With decades of combined experience in trust services our staff provides our clients with a deep commitment to personalized service. We are very flexible and adjust to meet your needs.
Laurie Brinkman (right) - Trust Officer
John Snyder (center) - Assistant Trust Officer
Ceil Dix (left) - Trust Administrative Assistant
- Custodial Accounts
We hold and safeguard your securities while you maintain the ownership. We'll take care of important tasks that tend to be overlooked.
- Record keeping
- Collect income
- Distribute income
- Timely management of maturing securities
- Testamentary Trusts
A trust is specified in the terms of your will. Upon your death, your assets pass into a trust, which is then managed by a trustee.
- Bill Pay Plus
For a low monthly fee, SSB Trust Department will pay your bills in a timely manner. Clients include individuals who are not able to manage their own bills, prefer not to have the burden of doing so, or take extended trips/vacations and want to make sure bills are taken care of while they are gone. You can count on Bill-Pay Plus...and us!
- Living Trusts
A revocable, or living trust, is a trust that permits you to be in charge because you can:
- Revoke the trust at any time
- Amend/revise the terms of the trust
- Change beneficiaries
- Avoid probate. When the trust creator dies, the directions contained in the trust can be carried out without the delay of probate, while maintaining your privacy.
- Executor/Administrator of Estate
At times of death, families find the settling of an estate a time-consuming conflict-starting challenge. To avoid this, name State Street Bank as the executor of your estate. Corporate executors are not as susceptible to conflicts of interest with the beneficiaries and are sensitive to, but not subject to emotional considerations.
- Farm Management
In our 120 years of working with area farmers, we have developed a great depth of knowledge about all facets of the agricultural industry. Our farm management program leverages a working knowledge, life experiences and continual information streams that strengthen our farm management program.
- Land Trust
Real property is held in trust for the benefit of the named beneficiaries.
- Escrow Agent
Escrow is a legal arrangement in which an asset is delivered to a third party (called an escrow agent) to be held in trust pending a contingency or the fulfillment of a condition or conditions in a contract such as payment of a purchase price. Like Kind Exchange (1031)
- Other Trust Services
- Trusts Under Agreement
- Conservator / Guardian
- Power of Attorney
- Life Insurance Trusts
- Special Need Trusts