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Hometown Community Bank

Wealth Management & Trust Services

Planning for your family's future security

As with so many things in life, what matters most in asset management is not the individual elements, but how the whole thing works together.

Community Bank & Trust offers start-to-finish asset management services. You already know we offer bank checking and savings accounts, credit and debit cards and loans, but did you know we also offer education savings accounts, retirement plans, trusts, and estate services.

Whatever you need, an experienced trust officer can help you create a smart, cohesive asset management strategy for you and your family. Ask today.

Wills & Estates

If you own property, it is essential to have a Will. If you don't have a Will, you are leaving it to the courts to make decisions on the distribution of your assets following your death. It's important to work with an attorney in order to put your requests in the proper legal form to ensure that there are no questions regarding how you'd like your assets distributed.

Choosing an Executor

Once you have a legal Will, you will need to appoint (in writing), an Executor of your estate. Administering an estate takes great attention to detail as well as expertise in business, accounting, real estate and investments. You may be tempted to name a close relative or friend as executor. However, it is wise to consider appointing an Executor that is financially responsible, has a good reputation and is subject to strict regulation. In addition to meeting all of these criteria, Community Bank & Trust administers estates on a full-time basis.

At your request, Community Bank & Trust can serve as Administrator, Executor, or co-Executor of your estate.


A Trust is a custom legal arrangement you create with the help of your attorney. Once this step is taken, Community Bank & Trust, as your Trustee, can hold and manage assets you place in the Trust. Community Bank & Trust provides management for a variety of trusts, including living trusts, which take effect during the grantor's lifetime, and testamentary trusts, carried out after the grantor's death via language incorporated into his or her Will. In either case, Community Bank & Trust acts as Trustee, administering the grantor's assets as directed by the written agreement.

Choosing a Trustee

A Trustee should be capable of making impartial decisions and be willing to take financial and moral responsibility for every decision made. The duties of a Trustee require a full-time commitment. As your Trustee, Community Bank & Trust will be attentive to administering your Trust without interruption due to a sick day or busy schedule. Our trust officers are experienced in administering a variety of trusts and their decisions are backed by the extensive resources of our financial institution.


A legal relationship in which one party, known as the principal, authorizes another party, known as the agent, to act on the principal's behalf.

An agency account is a simple relationship in which you hire someone, such as us, through a written letter of instructions (Agency Agreement) to assume responsibility for certain specified duties regarding your investments. You turn over your assets - any or all that you choose, whether it be cash, securities, real estate or other property. We will manage them according to your instructions. Additional assets can be added or withdrawn at any time, and the relationship may be terminated in writing whenever you wish.

There are two different arrangements available:

  1. Custodian account. We provide complete administrative and custody services that include accounting, recordkeeping, income collection and bill paying duties for your investments, plus safekeeping facilities; but no investment management or advice.
  2. Investment management (nondiscretionary) account. This service includes all custodian duties plus investment management, but you retain the right to make the final decision on buying and selling.

Wealth Management Services

It's a wise investment of your time to periodically assess your planning to determine if it meets your future needs. We can help you examine your entire financial picture to determine if your investments are on track to meet your current needs and long-term objectives. Investment tools available through Community Bank & Trust include the following:

Self-directed IRA & Self-directed Roth IRA

A Traditional IRA offers a tax deductible and tax-deferred way to save for retirement. A Roth IRA offers a tax-free way to save for retirement. Community Bank & Trust serves as the account custodian but the customer chooses how to invest. Options include Community Bank & Trust Certificates of Deposit or savings accounts, stocks, bonds and mutual funds. Principal Preservation and model portfolios, including Aggressive, Moderate or Conservative allocations, allow for directed investment strategy.

Community Bank & Trust IRA

A Community Bank & Trust IRA can be either a Traditional or Roth IRA. A Traditional IRA offers a tax-deductible way to save for retirement, but if you withdraw funds prior to retirement, you are required to pay penalties. A maximum annual contribution limit may apply. A Roth IRA has the same maximum contribution as a Traditional IRA but is not tax-deductible. However, it offers flexibility that a Traditional IRA does not. You can withdraw from the Roth account, without penalty, to pay educational expenses. You can also bequeath a Roth account and your beneficiary can withdraw money without paying taxes. These IRAs are strictly invested in Community Bank & Trust Certificates of Deposit.

Savings Incentive Match Plan for Employees (SIMPLE)

A nice retirement savings option for small companies (fewer than 100 employees) or self-employed people, SIMPLEs are attractive because they avoid some of the administrative and legal costs of plans like 401(k)s.

Simplified Employee Pension (SEP) Plan

This type of retirement fund is a qualified employer-sponsored pension plan under which an employer contributes to an individual retirement annuity for each participating employee. However, the employee owns the account. Self-employed people may establish SEP plans.

These additional products and services are also offered by Community Bank & Trust. Please contact us if you would like further information on any of the following: