Trust Services
Midwest Bank features the only locally controlled, full-service Trust Department in Warren, Henderson, Knox and Mercer Counties and provides a full range of trust and investment services. The department features three trust officers with nearly 40 combined years of experience and industry certifications for securities brokerage, annuities and financial planning, and administration.
It is a common misconception that people think a trust or trust department is for only those fortunate few who have large estates or large sums of money to invest. The truth is that the trust department helps many individuals at all levels of wealth and income. Take a look at all of the types of services available at Midwest Bank; from a bill paying account for an elderly relative and retirement accounts for farmers and small business owners to trust and estate administration to preserve family relationships and wealth. The trust department really does appeal to all individuals searching for valuable and convenient financial services.
Retirement Accounts
Employer Plans
- SEP
- Simple
Individual Retirement Plans
- Traditional
- Roth
Trust Administration
Midwest Bank is uniquely qualified to serve as executor and trustee. Full-time trust officers have the expertise and experience needed in this complex and demanding business. Midwest Bank has the facilities, computing power and expertise to handle the tasks at hand including employees trained in real estate, farm operations, lending and investments.
- Transfers property to others on your terms
- Continuity of management over the years
- Protects beneficiaries from mismanagement by providing investment management and protection from unscrupulous actions
- Provides tremendous potential tax savings
Estate Administration
- Continuity of management
- Objectivity to handle difficult and potentially family divisive issues
- Practical experience and administrative support, for accurate and thorough administration.
- Resources in farm management, lending, investments, insurance and accounting on staff and available for use in administration
Agency An elderly relative who needs help paying bills and organizing finances, a recently widowed neighbor needing help with investments previously handled by her deceased husband, and a busy professional with little time to manage investments and pay estimated and property taxes all can benefit from the services of the trust department through the use of an agency account.
BillPay and Money Management Agency
- Objective account management and professional accountability
- Protects beneficiaries from mismanagement by providing investment management and protection from unscrupulous actions
- Payment of expenses, property and estimated taxes
- Provides accounting of income by asset and type
- Accounting statements to family members, CPA's and attorney's
- Internet Access to account activity for family members living out of the area
Investment Agency
- Objective account management and professional accountability. You don't give up ownership of assets
- Coordinate your financial plan with your broker, CPA and attorney
- Payment of expenses, property and estimated taxes. Provides accounting of income by asset and type Accounting statements monthly or as desired
- Website access capability for your CPA and attorney
Contact Us
At Midwest Bank, we value your privacy and online safety. Please note that any information sent to the bank via email is not encrypted and we caution anyone sending email not to send any confidential data. To send us confidential information securely, please click here.
Aaron Jensen
President, (309) 457-6226
aaron.jensen@mbwi.com
Adam Carlson
VP of Wealth Management, (309) 457-6256 adam.carlson@mbwi.com
Brooke LaFollette
Assistant Trust Officer, (309) 457-6276
brooke.lafollette@mbwi.com
