income deferral and distributions Individual Retirement Accounts (IRAs) or employer retirement plan accounts are often the largest asset most individuals will have. First American Bank and Trust Company can help customers with a Roth IRA (after-tax money that grows tax-free) or a Traditional IRA (pre-tax money that is taxed upon distribution). First American Bank and Trust Company invests the account according to the customer's instructions. safekeeping of your assets First American Bank and Trust Company will hold the customer's assets, provide periodic accountings and execute transactions as directed. tax deferral on real property gains First American Bank & Trust will as serve as a Qualified Intermediary for IRC 1031 Exchange as fully described in the tax code. Interest earned on the funds are payable to the seller upon closing of the account. A written agreement (Escrow Agreement) will be signed by the seller of the property (The Exchanger), the Bank as a Qualified Intermediary, and the Purchaser of the property. Escrow Agreements are provided at closing by seller or closing attorney. First American Bank & Trust does not provide tax advice or real estate advice on the Exchanges and will solely serve as Intermediary on the 1031 Account(s) throughout the process. Investments offered by Trust and Investment Services are NOT FDIC INSURED, provide NO BANK GUARANTEE, and MAY LOSE VALUE.
TRUST AND INVESTMENT SERVICES
Custodial Services
Self-Directed Individual Retirement Accounts -
Custody -
1031 Exchanges -
