If you're looking for professional investment management and advice, our trust officer will work with you to create a customized portfolio based on your life stage and investment goals.
If you would rather not tackle the clerical and accounting work that comes with self-directed investing, First Bank can help. From calculating projections to settling trades, you'll have the peace of mind that comes with having custody of your assets in one secure place.
Established while you are living, we will manage your assets for you during your lifetime. At your death these assets pass to your beneficiaries without the delays, expenses and publicity of probate.
If you are planning to use life insurance as wealth replacement, this trust provides liquidity to pay estate tax and settlement costs, as well as financial support for family members.
As part of your Will, this trust ensures that your wishes with regard to your assets are fulfilled long-term. We will invest your assets to provide continuing income for your beneficiaries after your death.
If you are interested in contributing your assets to a charitable organization, our services include development of written guidelines, administration of the trust and any endowment, as well as record-keeping, reporting and distributions from the trust.
For businesses wanting to provide a defined contribution plan for their employees. This type of plan allows employees to set aside tax-deferred income for retirement purposes.
We will design and manage your plan, educate your employees, and provide regular reports. You’ll have a wide variety of investment options, a local contact at First Bank, and online access to view your portfolio and make changes.
Did you receive a lump-sum distribution from a pension or profit-sharing plan, or do you have substantial IRA accounts elsewhere? We have two IRA options to consolidate and maximize your money.
Fully-managed IRA – You set the goals, we build and manage your portfolio.
Self-directed IRA – We act as trustee, you make all the decisions.
Senior Vice President
Chief Wealth Management Officer
A native of Richmond with over 30 years of experience, Alan formed the Trust and Investment Services Department at First Bank Richmond in 2003. He earned his Bachelor's, Master's, and law degrees from Indiana University. He also volunteers his time to multiple non-profit organizations in the community.
Vice President
Senior Trust Officer
Don joined the Trust and Investment Services Department at First Bank Richmond in 2022 bringing expertise in financial planning, wealth management, and trust & estate administration from nearly 15 years in the financial services industry and 7 years in the private practice of law.
