First National Bank has been meeting the financial needs of our community since 1934. Keeping with this tradition, we offer a wide array of trust and investment services tailored to each client’s individual circumstances and requirements. Our purpose is to help you plan for a future of financial security.
Our team of trust professionals has over 200 years of experience in providing trust and investment services. All of our decisions are made locally, so you can count on personal service that is responsive to your needs.
Personal Trust Services
At First National Bank, we actively serve as trustee of personal trusts, whether the trusts are created during a client’s lifetime (called a "living trust") or created to take effect after death (called a "testamentary trust"). As trustee, we manage the trust investments and make distributions as instructed in the trust instrument. Upon the client’s death, the trust may terminate or continue for the benefit of certain named beneficiaries (i.e. a son, daughter, spouse, or other family members). A living trust can also be used as a disability planning tool to make sure the client and her family are properly cared for in the event of incapacity. Whether named as original or as a successor trustee, First National Bank will ensure that the client’s trust will be correctly followed by making sure the trust assets are invested prudently and distributions are made to the trust beneficiaries as directed by each client.
We manage a variety of investments, including cash equivalents, stocks, bonds, mutual funds, exchange traded funds, certificates of deposit, real estate and mineral interests for our clients. As your investment adviser, we will select and continue to monitor a portfolio of investments that meets your investment objectives and needs. Our clients are individuals, individual trustees, businesses, public entities and charities. Our individual clients, who need trusted investment advice and recordkeeping services, often select an investment management account.
The Trust Department accepts appointments as executor or administrator of an individual’s estate. The client, with assistance from legal counsel, will normally execute a last will and testament that names First National Bank as the independent executor of the client’s estate. As executor, we are in charge of probating the client’s will, collecting, inventorying and valuing the estate assets, paying estate taxes and creditors, keeping accurate accounting records, and distributing the estate assets to the beneficiaries named under the will.
Custody & Escrow Services
Custody Account - This is a client-directed investment account. The client makes all the investment decisions and we safekeep the assets, collect income, distribute funds as directed by client, and provide complete recordkeeping and accounting services.
Escrow Account – Many individuals and businesses need a professional to serve as an intermediary in a multi-party financial or business-related transaction. As your escrow agent, First National Bank will serve as a neutral party and will hold escrow property, provide recordkeeping and accounting services, and make distributions from the escrow account in accordance with the terms of the escrow agreement.
Retirement Plan Services
Our team of professionals will provide you with experienced and personalized guidance to help you pick the right retirement and investment options that will help you achieve your retirement goals. Our Trust Department offers a full range of retirement services, including self-directed and managed IRA accounts, and Rollover IRAs. We specialize in tailoring our retirement services to meet your individual needs. For business customers that want to establish an Employee Retirement Plan to allow their employees to save for retirement while helping the business attract and retain talented employees, First National Bank Trust Department offers the following retirement plans:
-Profit Sharing Plans
-Simplified Employee Pension (SEP) Plans
Real Estate Management
We manage residential and commercial real estate for clients, which includes negotiating leases, collecting payments on notes and rental properties, monitoring property repairs and improvements, paying taxes, purchasing and maintaining appropriate insurance coverage, protesting tax assessment values when appropriate, buying and selling real property, and recordkeeping services.
Oil and Gas Management
We actively manage oil & gas interests for our clients. Our services include the negotiation and monitoring of mineral leases, collection of royalties, bonuses, delay rentals/shut-in payments and other forms of consideration owed under each negotiated contract, delivery of detailed accounting statements, and other management services tailored to meet each client's specific needs.
For more information on our Trust Services, please call, stop by, or
7201 N. 10th Street, Second Floor
McAllen, Texas 78504
Fax: (956) 661-5473
1010 S. Expressway 83
Harlingen, Texas 78550
Phone: (956) 392-8006
Fax: (956) 392-8004
25 E. Price Road
Brownsville, TX 78521
Phone: (956) 554-7102
Fax: (956) 554-7131
Other FNB Locations
Please contact your local First National Bank Branch or call our toll free number at 1(877)380-8573
Certain Trust products are not FDIC insured, are not guaranteed and may lose value.