Trust Department

The Gerber State Bank Trust Department was chartered in September 1961, and has over 50 years of Trust expertise to help you with a wide array of services.  We are pleased to provide you with the personalized attention a local community bank can provide, while maintaining the confidentiality, professionalism and experience you want with your Trust services.  We will be happy to assist you and your family with any of our Trust Services:


What is a ‘Trust’?

A Trust is a separate legal entity, a fiduciary relationship in which a trustor (or grantor) gives the trustee the right to hold title to property or assets for the benefit of a beneficiary.

Why Would I Want a Trust?

  • Allows the bank to manage your assets; places the emotional factor on our department, without infringing on your family
  • Privacy and avoiding probate, as a will is a public document in many jurisdictions
  • Estate and tax planning
  • Investment Management
  • Continues uninterrupted if incapacitated or after death
  • Timely and accurate recordkeeping
  • Prevents dissipation of assets
  • Assets in a trust may benefit from a step-up in tax basis

Types of Trusts Offered by The Gerber State Bank

Revocable or Irrevocable

A Trust can be established as revocable or irrevocable

A Revocable Trust may be changed or terminated by the trustor during his lifetime

An Irrevocable Trust cannot be changed; it becomes irrevocable upon death.

Living (or Testamentary) Trust

Living Trust – Assets are provided as a Trust for the individual’s use and benefit during his lifetime; can be revocable or irrevocable.

Testamentary – Irrevocable; created through a will that specifies how the assets of an individual are designated after the individual’s death


Also called a Family Trust

Generation-Skipping Trust

Transfer assets tax free to their grandchildren or other family members at least two generations younger

Insurance Trust

A tax-sheltered life insurance policy inside a Trust used to pay funeral and estate costs

Charitable Trust

This Trust benefits a charity or non-profit organization.

Agency Accounts

The Gerber State Bank is authorized through a letter of instruction to manage assets according to the instructions in the Agency Agreement.

Farm Management

We have the most professional and knowledgeable management team with extensive experience in the Central Illinois area.

 Custodial Accounts

We perform all the accounting, record keeping, and income collection duties for investments and safekeeping privileges.


The Trust Department acts as executor and administrator through the entire estate process.


Court appointed to protect financial estate of minor or disabled child or adult.



Make the Important Decisions Now

Trusts are very complex and typically require the expert advice of an attorney.   When it comes to estate planning, it is very important to make these decisions as soon as possible.  If you own assets you want your family to inherit, please talk to an attorney or tax accountant about the privacy and tax benefits of a Trust and begin your planning today.




Investment Disclaimer

  • Not Bank Deposits
  • Not Insured or Guaranteed By Any Bank
  • Not Insured By Any Federal Government Agency
  • Not FDIC Insured
  • Involves Investment Risk, Including the Loss of Principal