In the Trust Department here at State Central Bank, we encourage you to express your financial objectives and we have the expertise to ensure your financial plans and wishes are followed through. If you have not yet established a solid plan for your financial future, we welcome you to consult with the friendly staff on our wealth management team. We can provide you with planning tools necessary for accumulation, preservation, and transfer of your wealth.

Investment Management Account- Allows State Central Bank to make investment decisions on your behalf.

Every buy or sell decision represents our informed judgment of the best course of action. Your account officer keeps in close touch to make sure our actions match your investment objectives. A monthly report keeps you up to date with your investment position.

General Common Trust Fund-Provides diversification in the stock and bond market.
Your cash is invested in a general common trust fund, which is used to purchase high-quality individual stocks and bonds (not complex derivatives). The principal philosophy behind investment management is capital preservation and growth. You can request a detailed printout of assets held in the fund at any time.

Conservatorship-For people who are legally unable to manage their own financial matters while living, such as in the case of a minor.
A conservatorship saves family members the burden of balancing monthly payments; check writing, recordkeeping and shopping for the best investments and interest rates. The Trust Department manages the investments and pays all bills out of the trust account.

Bookkeeping/Safekeeping Account-If you manage diverse assets such as mutual funds, stocks and bonds, the bookkeeping requirements can become very complex.
As your "bookkeeper", State Central Bank does not provide investment guidance but simply carries out sales and purchases according to your direction.You can execute your own investment strategies while avoiding routine investment chores (e.g., protecting securities from fire and theft, collect called or matured bonds, selling or exercising stock rights, remitting income, etc.)

Estate Planning-Assures that upon your death, your estate is handled in a fashion you've designed in advance.
Estate planning strategies help avoid lengthy probate process; minimize estate taxes owed by survivors; let you dictate how assets of your estate (cash/business) will be managed; and set conditions of future disbursements.

Executorship-As executor of your will, State Central Bank will see that your wishes are carried out and that beneficiaries receive personal attention throughout the administration of your estate.
Settling even a simple estate can be complex and time consuming-and require investment and tax law expertise. We can help avoid costly mistakes a family member or inexperienced executor might cause.

Living Trust-A living trust allows you to manage your estate throughout your lifetime and beyond.
A living trust gives you full access to your assets during your lifetime, but allows an appointed trustee, such as the bank, to manage assets if you become incapacitated. With a living trust, our bank can manage your financial affairs and provide support for you and your dependents without probate delays.

Life Insurance Trust-For individuals whose estates are based on insurance policy payouts upon their death.
Insurance proceeds are payable to a living trust rather than a trust under your will. The trust remains passive until the insured's death, after which the bank receives the insurance proceeds as trustee, avoiding probate delays.

Charitable Remainder Trust-Provides for charitable giving AND generates income.
You place assets into an irrevocable trust. As your trustee, State Central Bank invests the assets (which can grow tax-free) and pays an income for life or for a term of years to the beneficiaries you select. When the last income beneficiary dies or the trust's term ends, the trust principal passes to the charity or charities of your choice.

*Disclosures: Investments are not insured by the FDIC; are not a deposit or other obligation of the bank and are not guaranteed by the bank; and are subject to investment risk, including the possible loss of the principal amount invested.