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Trust Services

About our Trust Department

The Trust Department of South Side Bank prides itself in its ability to offer personalized investment and asset management services to its customers and clients in a professional manner at a competitive price.

Drawing on the combined experience and knowledge of our trust professionals, we can serve the specific, personal, and changing needs of our clients.

Our Trust Department offers a full range of fiduciary services, whether that is serving as a trustee, agent, executor, guardian or custodian. We can assist individuals, families or businesses in planning for or providing a secure financial future.

Our Trust Department offers IRAs and retirement plan services to businesses and employers who wish to establish a retirement savings program for their employees. These comprehensive services include retirement plan design, administration, and record keeping. We can also offer self-directed and managed IRA accounts for individuals or retirees receiving a distribution from their employers’ retirement plan. We are the only Trust Department that offers all of these services locally.

South Side Trust & Savings Bank believes that the products and services offered by its Trust Department can be of tremendous value to our customers. We encourage you to learn more about the benefits and conveniences that our investment and asset management services can provide.

We look forward to the opportunity of visiting with you about your estate planning, trust, and investment planning needs. We are confident that we can assist you by tailoring a product or service that we offer to respond to your particular set of financial or investment needs.

Investment products 1) are not deposits, 2) are not insured by the FDIC, 3) are not guaranteed by South Side Bank, and 4) may involve investment risk, including potential loss of principal.

to contact us about a free consultation.
 

Overview of Services offered by our Trust Department

The Trust Department of the South Side Bank provides a variety of investment, asset management and record keeping services for our individual and business customers.

Services to Individuals and Families:

  • Administration of Living and Testamentary Trusts
  • Estate Administration
  • Investment Management
  • Investment Agency and Custodial Accounts
  • Cash Management
  • 1031 Exchange Escrows
  • Bill Paying
  • Insurance Claim filing
  • Individual and Rollover IRA’s
  • Income Tax Return Preparation
  • Estate Planning Consultation

Services for our Business Customers:

  • Employee Benefit Plan Design and Administration
  • Investing of Employee Benefit Plan Assets
  • Corporate Cash Management
  • Custodial and Safekeeping Services

All of the products and services can be tailored to meet the particular needs of each of our clients.

Using a prudent investment strategy designed for each individual customer, we have provided excellent investment results for our customers over time.

There are many benefits to establishing an account relationship with our Trust Department. It will be worth your time and peace of mind to visit with us.

to contact us about a free consultation.
 

Who We Can Benefit

The services our Trust Department offers can benefit a variety of customers. A type of customer we can benefit could include:

  • A customer looking for assistance with their investments, financial record keeping, and bill paying,
  • Someone who does not have the time, the desire, or the ability to keep track of his or her investments or financial affairs,
  • Customers looking for ways to maximize their investment return,
  • People who already have investment accounts with a broker or insurance company and are not happy with the performance or servicing of their account,
  • Someone who is looking to provide for a spouse or family member after their death or plan their estate to minimize probate expenses or federal estate taxation,
  • Individuals with general inquiries about trust services, wills, estate planning, avoiding probate, and retirement planning,
  • Businesses or business owners with inquiries about establishing a retirement savings program, investing assets in their retirement plan or cash management services.

to contact us about a free consultation.
 

Investment Philosophy

Our two-part philosophy may be viewed by some financial services providers as conservative. That is fine with us. We have been able to demonstrate over time that our conservative approach to investments can provide excellent returns with moderate and acceptable levels of risk.

We think that you will be comfortable with the investment philosophy of our Trust Department.

Our primary emphasis in the management of any investment relationship is, first and foremost, the preservation of the principal entrusted to us. Our other emphasis is taking reasoned opportunities to meet the current income and the long-term growth objectives of the client.

We work best with investors that have and are willing to have a long-term investment objective and who understand the value and benefit of investment diversification. It is not enough to just be in the market; what is important is to be in the right part of the market at the right time and not in the wrong part of the market at the wrong time.

SSB Trust Reporter

To sign on to Trust Reporter click here.  To register for Trust Reporter to access your accounts online please click here. Print and fill out the Internet Access Form and Agreement and mail to:

South Side Bank
Trust Department
2119 SW Adams
Peoria IL 61602

 

 

 

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