Burial Trust

St. Ansgar State Bank offers Burial Trusts to set aside funds for the exclusive purpose of funeral expenses. This is an irrevocable trust of which the St. Ansgar State Bank is the trustee. Burial trusts and funeral insurance can be efficient and effective tools to help plan in advance for the unexpected costs of burial and funeral services

  • The funds are designated and payable to a funeral home.
  • Burial trusts may aid in long-term care planning.
  • Security of having burial funds set side.
  • Funds are deposited into a St. Ansgar State Bank Certificate of Deposit.

See customer service representative for our full account disclosures.

 

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

Effective January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.  For more information about FDIC insurance coverage, visit http://www.fdic.gov/deposit.