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Trust Services

First National Bank’s Trust Services department offers a personalized and confidential approach to helping our customers achieve their financial objectives. We accomplish this by providing trusted advice in the areas of personal trust, investment management, and estate and financial planning. We offer a full range of trust products and services that are designed to meet the varying needs of our customers. These products and services include:

Estate Planning and Settlement Services - Estate planning is a process of planning for the disbursement of an estate according to the goals of the estate owner. First National Bank can help you create and implement your estate plan as well as serving as your Executor or Personal Representative in order to ensure that your wishes are carried out under the provisions of your will. An effective estate plan will meet your personal objectives of transferring your estate while minimizing the impact of taxes and other expenses. Let First National Bank’s years of estate planning and administration experience go to work for you and your family.

Trust Administration Services - There are a variety of trusts available; each designed to satisfy a specific need. Trusts can be created during the owner’s lifetime (Living Trusts) or after death under the terms of the owners Last Will & Testament (Testamentary Trusts). They may be established for a number of reasons, including financial management for the owner when he/she can no longer do so, for children until they reach an appropriate age or for charitable purposes. A trustee can be anyone – yourself, a family member or even a trusted friend. However, serving as trustee may impose a burden on both time and emotions. Choosing First National Bank to serve as corporate trustee may be a better solution. We are specialists in handling trusts, and will be impartial and not be affected by emotions or the conflicts of interest often experienced within a family.

First National Bank is experienced in the administration of many different types of trusts, including:

  • Living Trusts
  • Trusts Under Will
  • Charitable Trusts
  • Irrevocable Life Insurance Trusts
  • Trust for children
  • Special Needs Trust

Investment Management Services - First National Bank’s Trust Services department can help you manage, build and preserve the wealth you have worked so hard to create. Whether you make your own investment decisions or utilize outside money managers, First National Bank can provide assistance with tracking your portfolio’s market value, acquisition cost and transaction activity. We can also provide additional services such as bill payment and record keeping.

Managed or Self-Directed IRA’s - When a client establishes a self-directed Traditional, Roth or Educational IRA with the Trust Services department, the client directs the Investments and First National Bank holds the assets, performs all transactions, records all income, makes distributions, keeps the plan in compliance, and completes the required IRS reporting. If a client does not want to make investment decisions in their IRA, then First National Bank can provide Investment Management Services to handle the ongoing management of their IRA assets.

Conservatorships - As conservator, First National Bank’s Trust Services department manages the assets of a person who is unable to handle their own financial affairs. Family members may rest assured that all assets are being professionally managed, all bills are paid on time, and all tax returns are promptly filed. The bank also prepares annual reports to the beneficiary and the court.


The most important step in a successful estate plan is to work with professionals who truly care about you and your family. When you choose First National Bank for your Trust and Investment needs, you will receive trusted advice and personalized, confidential service. However, the most important benefit of working with First National Bank Trust Services is having the peace of mind knowing that we are here to serve your trust, estate and investment needs now and for years to come.

For additional information please schedule an appointment with our trust officers Jeff Conrey or LuAnn Ray at a First National Bank office most convenient for you.

 
Jeff Conrey
Vice President & Trust Officer

Jeff Conrey has been with the First National Bank Trust Services department since May, 2007. A graduate of Wartburg College, Jeff holds a bachelor’s degree in business administration with an emphasis in management and marketing. Jeff is also an Honors graduate from Cannon Financial Institute’s Personal Trust School and was awarded the Certified Trust and Financial Advisor designation from the Institute of Certified Bankers.

As an active member in his community, Jeff is a member and Past President of the Easy Riser’s Kiwanis Club. He currently serves on the Board of Directors for North Star Community Services and is a former member of the Board of Directors for the UNI Panther Scholarship Club. He also currently serves as treasurer for his church’s endowment fund, chairman of its audit committee,  and he is on the Friends Advisory Committee for Cedar Valley Hospice.

LuAnn Ray
LuAnn Ray
Assistant Vice President
& Trust Officer 

LuAnn Ray comes to First National Bank with over 30 years experience in the financial services industry with almost 20 years experience in Trust Services. She is an Honors Graduate from Cannon Financial Institute’s Personal Trust School and was awarded the Certified Trust and Financial Advisor designation from the Institute of Certified Bankers.

 LuAnn is very active in serving her community as a member of the Seniors Connections Group of Waterloo/Cedar Falls and a member of a local PEO Chapter.  She is also on the Friends Advisory Committee for Cedar Valley Hospice.

 

 Jennifer Staines
Jennifer Staines
Trust Services Assistant
Jennifer joined First National Bank in 2002 and has over 14 years of experience in the financial services industry.  Jennifer has worked the past 8 years in human resources and has prior experience in operations, account processing and customer service areas of the bank.  Jennifer has an Associates Degree in Accounting from Iowa Western Community College.

Jennifer keeps busy volunteering at her children’s activities and serving as a high school youth group volunteer.  Jennifer and husband, Doug, reside in Waverly with their three children.

Not FDIC insured, may lose value and no bank guarantee.

 

CURRENT CD RATES

APY as high as: Rate
15 Months 0.70%
36 Months Raise-a-Rate** 1.00%
60 Months 1.50%
Savvy Saver 24 Month (21 years and younger) 1.00%
Rates Subject to Change
SEE ALL CURRENT RATES

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