Trust and Investment Services

The NorStates Bank offers a wide array of specialized trust and investment services.  Its professional staff has an average of over 15 years experience working with individuals and businesses, and delivers premier customer service and counsel customized to meet your needs.  To do this:

We take pride in offering services in the following areas:

Personal Trust and Estate Administration

Every estate plan is as unique as the person creating it.  Yet most people share several goals, including managing assets according to personal wishes, reducing taxes and avoiding probate.  Our trust and estate experts consult with you and your advisors on the implementation of your plan as trust documents are being developed, to ensure your wishes are carried out thoughtfully and expeditiously.  When you name NorStates Bank as your trustee and/or executor, you receive expertise in managing assets and cutting-edge estate planning advice, coupled with impartiality, dependability and state-of-the-art reporting.  We are also available to educate and help support your heirs in planning and managing their financial affairs.

Investment Management

Asset allocation and diversification are the cornerstones of the investment philosophy at NorStates Bank.  Our informed selection of investment securities supports a carefully defined mix of asset classes that reflects specific objectives.  We consistently monitor the impact of market and economic conditions on your portfolio and make needed adjustments to ensure your objectives are being met.  Portfolio construction is driven by your personal objectives.  We thoroughly discuss and evaluate your current and future needs, taking into consideration growth, income, liquidity, safety, time horizon and risk tolerance.

Managed and Self-Directed IRAs

Whether you wish to manage your own IRA or have NorStates Bank's investment professionals assist or manage it for you, the broadest spectrum of investment options, beyond mere certificates of deposit or money market funds, is available to you.  In addition to providing a carefully screened offering of stocks, bonds and mutual funds, our retirement services specialists provide ongoing counsel on catch-up contributions, required minimum distributions, final distributions and the most current tax implications for deferred accounts.

Employee Benefit Plans

Many companies, large and small, recognize the value of having some form of employee benefit plan in order to save on income taxes, increase employee productivity & satisfaction, and recruit & retain employees.  Your EBP specialist at NorStates Bank will work with you to help select the best plan for your situation.  Whether you need a profit sharing plan, pension plan or ESOP, we will assist you in all phases of its establishment, administration, record-keeping, reporting and investments.  We can also help you make required amendments to existing plans.

Escrows

Trust and Investment Services can act as a neutral, yet responsible, third party to hold papers, securities, money and other personal property for delivery once conditions or terms of an agreement have been satisfied.