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Trust

The PBI Bank Trust Division offers locally based trust services that are built on solid personal relationships. Our mission is to provide comprehensive asset management for families, including professional investment management, retirement planning and estate planning services. Our goal is to meet the needs of the current generation, while growing and preserving assets for future generations.

TRUST ACCOUNT LOGIN

Customers with a trust account can log in here.

WE ASSIST OUR CLIENTS IN:

  • Protecting and preserving wealth
  • Planning how to distribute wealth during life
  • Planning how to distribute wealth upon death

The PBI Bank Trust Division uses a proactive team approach to ensure strong, long-lasting relationships. In addition, our administrative and investment teams have extensive experience in the trust and investment fields, allowing us to draw on a wide variety of resources to properly manage accounts. We are the decision-makers and we are available to our clients. Our ability to be flexible is a direct result of our independence and locally staffed personnel. The PBI Bank Trust Division offers experience and knowledge in the areas of active professional investment management, estate planning consultation and administration, management of individual retirement accounts, trust administration, and qualified retirement plan administration, including employee stock ownership plans.

INVESTMENT MANAGEMENT

  • Defining your goals and income requirements
  • Determining your acceptable level of risk
  • Dermining your true tax status and complete family situation

TRUST & ESTATE PLANNING SERVICES

A trust gives you the resources to manage your assets to their optimum potential and creates important estaterelated savings opportunities. Our trust and estate planning services include:

  • List Administration
  • Estate Settlement Services
  • Charitable Management Services
  • Guardianship Services

Retirement Services Through profit sharing, pension plans, or the sale of company stock, you may have the opportunity to receive considerable cash and stock distributions. Professional attention to these holdings is required to ensure that your continuing needs are met. Through the trust department we offer:

  • Individual Retirement Accounts (IRAs)
  • Qualified Retirement Plans, including 401k and Profit Sharing
  • IRA rollovers and Rollover Trusts

ESOP (EMPLOYEE STOCK OWNERSHIP PLANS)

The Trust Division of PBI Bank has developed a very specialized niche serving as an independent corporate trustee for Employee Stock Ownership Plans (ESOPs).

Trustees are charged with the duty of operating the plan for the exclusive benefit of the plan participants and their beneficiaries, since conflicts of interest can easily arise when using internal trustees. For example, there is an inherent conflict of interest when a selling shareholder serves as the trustee or supervises the appointed trustee. If the trustees purchase shares at an inflated price, or take on more debt than is reasonable, substantial penalties could be paid. Also, individual trustees can be held personally liable. Therefore, it is wise to appoint a professional and independent ESOP trustee, such as PBI Bank, to handle all transactions. We have had the privilege of working with many of the leading attorneys and valuation experts in the industry, building a tremendous amount of knowledge in the ESOP area.

Our primary role has been serving as an independent transaction trustee for numerous purchase transactions. Other involvement includes serving as trustee to evaluate the sale of an ESOP-owned company to a larger non-ESOP company. In addition, we now serve as the ongoing corporate trustee for companies that are located in Kentucky, Ohio, Missouri, Indiana, and Maryland.

We use a team-oriented approach to manage fiduciary relationships. John Grider, the ESOP team leader, is a retired certified public accountant with BKD, LLP. He has many years of experience in the employee benefit and corporate tax fields. At PBI Bank we have the experience and the expertise to be a valuable resource for your company, but we can also provide the personal service your company deserves.

SERVICES

The trustee is responsible for making sure the plan is operated for the exclusive benefit of plan participants and their beneficiaries. Some of the services that PBI Bank provides for clients include:

  • Serving as an independent transaction trustee for purchase transactions
  • Evaluating the sale of one ESOP to another ESOP
  • Serving as ongoing independent trustee for companies to relieve the fiduciary responsibility from key employees
  • Performing due diligence work
  • Making sure ESOP loans are reasonable and coordinating the debt service payments
  • Receiving employer contributions, and making payments of ESOP debt
  • Keeping accurate records
  • Providing timely statements

Investment products are:

  • NOT A DEPOSIT
  • NOT FDIC-INSURED
  • NOT GUARANTEED BY THE BANK
  • NOT INSURED BY ANY FEDERAL AGENCY
  • MAY LOSE VALUE
    April 2014
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    My Branch
    Eastpoint
    2500 Eastpoint Parkway
    Louisville, KY 40223
    502-499-4800

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    8:30am - 4:00pm - Monday through Friday
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