Going beyond to provide you valuable services
Land Trusts
We're rare among banks in this state because we offer a Land Trust product, which is a simple and inexpensive way for you to manage property you own in Illinois. We will help you at every step of the process, and we ask that you consult your attorney for legal advice pertaining to these special trusts.A Land Trust can be created by an individual, corporation, or limited liability corporation. There are several benefits to consider:
- Confidentiality of ownership: Ideal when a group wishes to acquire several properties while remaining anonymous, either to keep individual interests confidential or to avoid unsolicited inquiries or proposals
- Shared ownership protection: Helpful in avoiding complications of divorce, legal disability or death of one of the property owners
- Avoiding probate delays: The person who creates the Land Trust retains control over the property and the owner's succession plan is effective upon death, which helps avoid additional probate proceedings that are required in Illinois.
For more information please contact:
Suzanne Casagrande
Assistant Vice President, Land Trust Officer
815-478-4611
Assistant Vice President, Land Trust Officer
815-478-4611
Safe Deposit Boxes
Valuable family treasures and important documents are best protected by the security of our safe deposit boxes. You'll have convenient box access during lobby hours at our 550 North Street and 230 State Street locations. Boxes are located in our vault to protect against fire, flood and theft.
First Bank of Manhattan & New Lenox are full-service banks with branches in Will County, Illinois.
