Trust & Investments
Introduction
The Trust/Investment Management Department of First Bank & Trust commenced operations in January 2000 and since that time assets under management have grown to over $220 million and our staff has increased to five experienced professionals (please see the attached background sheet for their credentials).
There is no better place to put some or all of one's investment funds than First Bank & Trust, and there is no better institution to designate as trustee, co-trustee or executor in one's will and/or trust. We give all of our customers the highest level of service and attention. Why are we different?
- All investments are tailored to each individual situation...no one is herded into a mutual fund.
- We invest for the long term rather than churning portfolios for the commission income.
- Clients have access to the best research and information in the business.
- We deliver the highest level of personalized service from experienced trust and investment officers.
- Each portfolio is managed locally so clients can always stop by and visit with us personally.
- Our trustee and management fees are very competitive as our enclosed schedule indicates.
Give serious consideration to moving all or a portion of your investable funds to our Trust/Investment Management Department. You will not be disappointed. Call Michael B. Westberg, Chuck Dickson Karen L. Rose or Bob Lockwood at 847-733-7400 for additional information.
Internet Access to your Trust Account via TrustReporter: https://trustreporter.com/TRv3/?bankabvr=FBTE
Trust and Investment Fee Schedule (Annual)
| Investment Management Accounts -- Diversified Portfolios |
|
|---|---|
| First $500,000 of Value | 1.00% |
| Next $500,000 of Value | 0.80% |
| Next $1,000,000 of Value | 0.60% |
| Over $2,000,000 of Value | 0.50% |
| Investment Management Accounts -- All Fixed Income Portfolios |
|
| First $2,000,000 of Value | 0.50% |
| Next $3,000,000 of Value | 0.40% |
| Over $5,000,000 of Value | 0.30% |
| Personal Trust Accounts | |
| First $1,000,000 | 1.00% |
| Next $1,000,000 | 0.60% |
| Over $2,000,000 | 0.50% |
| Minimum Fee | $2,000 |
| Custody Accounts | |
| Base Fee | $600 |
| Value Charge: | |
| First $1,000,000 | .10% |
| Next $1,000,000 | .08% |
| Over $2,000,000 | .06% |
| Transaction Charge | |
| $25 Fee each buy, sell, deposit and delivery (excludes Money Market Fund transactions) | |
| Executor/Personal Representative | |
| First $300,000 | 3.00% |
| Next $700,000 | 2.00% |
| Next $2,000,000 | 1.00% |
| Over $3,000,000 | 0.50% |
First Bank & Trust, Evanston Trust & Investment Department Officers
Michael B. Westberg, Managing Director
Mr. Westberg joined First Bank & Trust in 1999 with 40 years experience in investment management and trust administration. He spent 30 years at Lake Shore National Bank in Chicago as Senior Vice President and Chief Investment Officer. Subsequently, he spent 5 years as Vice President Senior Portfolio Manager at First National Bank of Chicago / Bank One Chicago, N.A. Mr. Westberg earned a Bachelor of Science Degree in Finance from Loyola University and a Master of Business Administration Degree in Finance from the Kellogg Graduate School at Northwestern University. He is a chartered Financial Analyst and a member of the Association for Investment Management and Research and the Investment Analyst Society of Chicago.
Charles R. (Chuck) Dickson, Vice President & Trust Officer
Mr. Dickson joined First Bank and Trust in March 2006 after over 10 years with Johnson Bank where he was Vice President-Investments and Trust. Mr. Dickson has extensive experience on the Brokerage as well as Trust side of the Investment business. He began his Investment career in 1992 with Dean Witter Reynolds. Mr. Dickson earned the Certified Financial Planner(CFP) designation in 2002. He has a Bachelor of Arts Degree from Wheaton College and a Masters of Divinity Degree from Trinity Evangelical Divinity School. Mr. Dickson is a member of the Financial Planning Association.
Karen L. Rose, Vice President & Trust Officer
Ms. Rose joined First Bank & Trust after spending seven years at First American Bank, Skokie as a Vice President and Personal Trust Officer. Previous professional experience includes four years at Bank One Chicago, N.A. and eight years at First National Bank of Rockford in the personal trust administration area. She is a licensed Certified Financial Planner (CFP) and graduate of The American Bankers Association - National Graduate Trust School. Ms. Rose has an Associate of Arts Degree in Business Management from Rock Valley College and attended DePaul University. Ms. Rose is a regular member of the Greater North Shore Trust and Estate Council.
Robert R. Lockwood, Trust Officer
Mr. Lockwood joined First Bank & Trust in January 2008, after spending over 17 years with JP Morgan Chase where he was Vice-President and Trust Officer. He has over 40 years of experience in trust services and commercial banking. Mr. Lockwood is a licensed Certified Financial Planner, having earned his designation in 1992. He has a Bachelor of Science degree from Northwestern University and an MBA in finance from Roosevelt University. Mr. Lockwood is a board member and Treasurer of the Life Enrichment Fund of the Levy Center.
Lynda Ancell, Trust Operations Officer
Ms Ancell joined First Bank & Trust in July 2002 as Vice-President/Manager of Mortgage Lending. In December 2007, she moved from the Mortgage Department to the Trust Department to take the position of Trust Operations Officer. Her previous experience includes 13 years as a Mortgage Broker and 4-1/2 years at First Commercial Bank in Chicago as Vice-President of the Commercial Lending Department. Ms. Ancell has served on many community Boards, including two terms as an elected member of the Evanston/Skokie School District 65 Board of Education, one of those terms as its President