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Trust Department

Ask accountants and attorneys in the Muscatine area about the Trust Department at Central State Bank and you're almost certain to get a strong, favorable response.  Is this important? You bet it is! In the routine course of business, many of these professionals deal with the trust departments of many financial institutions. Consequently, they're in an excellent position to evaluate the degree of expertise and service that each one provides. Their recommendations and referrals are high praise indeed, and something we're proud to receive on a regular basis. 

We’re also the area’s largest Trust Department in terms of assets under management --- another measure of the confidence people have placed in our knowledge and ability.

A brief description of our most popular services is provided below.  For more information or to get started now, click on the photo to the left, then select “Trust & Investments.”

A Living Trust is a trust that's established during one's lifetime. It may be structured in such a way that it is revocable, which means that you can change the terms or end the arrangement whenever you wish. Under a typical Living Trust agreement, which is crafted by an attorney, ownership of assets or property is transferred to the trust that is managed by the Trustee (Central State Bank) on behalf of one or more beneficiaries.  A properly-crafted Living Trust can relieve you of investment worries and minimize delays and expenses at your death.
With a Trust Under Will, you continue to provide financial security to those close to you after your death. Our Trust personnel, along with your legal advisor, can help you establish an estate plan to provide income and support for one or more beneficiaries, such as a spouse or minor child.  It provides added reassurance that after your death, your funds will be managed, invested and distributed in an objective manner which meets with your pre-established goals, and in a way that benefits your loved ones.
By establishing a Conservatorship and naming the bank as Conservator, you can relieve your loved ones from the burden and responsibility of handing the financial affairs of an individual who may no longer be capable of doing so. 
By naming Central State Bank as Executor in your will, you can be assured that your estate will be settled in accordance with your specific instructions, thereby alleviating this burden from family members and/or friends.
An Individual Retirement Account through our Trust Department is a great way to maintain the tax-advantaged status of the funds from a lump-sum distribution from a pension, 401(k) or similar tax-deferred retirement plan. It provides for the investment of funds in stocks, bonds, mutual funds and other alternative investments in addition to bank CDs.  Advantages include skilled, professional management of your funds plus friendly, local service.
Retirement plans such as SIMPLE IRAs and SEP IRA programs can be valuable tools in attracting and retaining valuable employees. We’re experienced in administering retirement plans for corporations, partnerships and individuals in a variety of ways, each structured to meet the specific needs and objectives of the client.
We’re also prepared to handle more complex programs such as 401(k) and Qualified Pension Plans.  We’re able to facilitate the establishment of new plans, and to serve as the successor administrator for existing plans.
An Investment Management Agreement consolidates investment advice, record keeping, safekeeping of securities, collection of income and bill payment. As Custodian, the bank collects interest and dividend payments on your behalf from your assets and immediate reinvests these payments in a money market account or as you direct. For your convenience, you receive one comprehensive report on a periodic basis detailing all of your investment activities. In addition, you are assured that the confidentiality of your portfolio is preserved. Management is the key component of this program, which makes it our business to care for our clients' property, in trust or otherwise. In addition, experience has shown that by employing professional investment assistance, you are better equipped to cope with inflation, obsolescence and other adverse factors that can erode capital and reduce the purchasing power of your funds --- all for a fee which is surprisingly affordable when compared to other investment management alternatives.
Farm owners who do not have the time, desire or expertise to handle the day-to-day management of their property will benefit from our Farm Management Service. We can recommend crop rotations, project income and expense amounts, and select prospective tenants. This service also relieves owners from the task of handling the comprehensive reporting associated with the ever-changing and complex agricultural industry.
Keeping owners informed of their farm operation's status is a high priority. Communication is provided on a regular basis through personal contacts, reports and periodic statements of income and expense.

*With the exception of bank CDs, investments available through the Trust Department are: Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, Not Insured by any Federal Government Agency, and Subject to Investment Risk Including the Possible Loss of Principal.