Services

Checking/Savings

Senior Checking: Over the age of 62, no minimum balance and no service charge

Student Checking: No minimum balance and no service charge

Premier Checking: FREE checks, bank money orders, and Visa Travel Card for $5.50 a month

Premier 55 Checking: FREE checks, bank money orders and Visa Travel Card with a $500.00 minimum balance.

NOW account: $1000.00 minimum balance, interest will be credited to your account every month

Super NOW account: $2500.00 minimum balance, interest will be credited to your account every month and unlimited checks

Money Market account: $2500.00 minimum balance, interest (at a higher rate than Super NOW) will be credited to your account every month and limited to 3 checks a month

Savings account: Competitive interest rate, interest will be compounded and credited to your account every quarter. You must deposit $5.00 to open this account. A miscellaneous charge fee of $2.00 will be charged for each withdrawal in excess of two during one month

 

Certificates of Deposit

3 month

6 month

1 year

18 month

 

2 year

30 month

3 year

4 year

5 year

 

IRA's

Traditional IRA: Tax deductible retirement plan

Roth IRA: Non deductible retirement plan, tax free at withdrawal

SEP: Simplified Employee Pension contributions made by employer for employees

Account and terms are subject to change. Please ask us about other details.

 

Trust Service:
    Prepare your family's future financial security today. The State Bank of Arthur and it's experienced staff can provide a full range of personal trust services including:

  • Revocable Living Trust: The State Bank of Arthur serves as Trustee under an agreement with an individual. State Bank of Arthur safeguards assets, advises on investments, collects and distributes income, keeps records and provides reports. Trust can save you time, taxes, expenses and help you avoid probate.

  • Trustee For Foundations and Endowments: State Bank of Arthur is named trustee or investment manager of assets donated to public or private charitable organizations.

  • Personal Representative: Formally known as executor or administrator, State Bank of Arthur is named in a person's estate or is appointed to act as agent for the personal representative. State Bank of Arthur is then responsible for collecting, safeguarding, investing and distributing assets, settling claims and paying taxes, and providing accounting to the heirs.

  • Farm Management: The State Bank of Arthur's farm management program is tailored to landowners who are not involved in the hands on farming operation. The State Bank of Arthur serves as an asset manager and represents landowners to help them meet their goals and objectives. We have a proactive approach to farm management emphasizing stewardship, production, efficiency, marketing, communication and accounting.

  • Land Trusts: The State Bank of Arthur provides land trust services which is an agreement where real estate property is transferred to a trustee (State Bank of Arthur)

 

 

P.O. Box 375 - 411 S. Vine St. - Arthur, Illinois 61911
Phone: 217-543-2111   Fax: 217-543-3283

Touchtone Teller: 217-543-2324