We are a leading provider of fiduciary services for ESOPs/Employee Benefits, Personal Trust, and Farm Services.
For more than six decades, First Bankers has been a leading provider of fiduciary services. With solid core values and a proven commitment to high ethical standards, we are dedicated to earning and maintaining the trust and confidence of our clients. Our team of experienced financial, legal and administrative professionals provide a full range of fiduciary services, including ESOP/Employee Benefits, Personal Trust, and Farm Services. With more than $10 billion in managed assets, we serve individuals and institutions nationwide, with offices in Illinois, Missouri, Pennsylvania, Arizona, and Georgia.
It was 1946, shortly after World War II, when a group of local businessmen in Quincy, Ill., joined forces to establish a new bank on the city’s northside called Broadway National Bank. The strategy was simple: support the community and build local, long-lasting trusted relationships. Providing personal banking services, the bank grew steadily, and in 1956, obtained trust powers, offering customers’ traditional estate and personal trust services.
In 1988, we became known as First Bankers Trust Company, N.A., and increased our geographic reach beyond the local community. A year later, in response to client demand, we began serving as a trustee of Employee Stock Ownership Plans (ESOPs) for employee-owned companies. In the ensuing years, we expanded our Employee Benefit Services to include 401(k), 403(b) and nonqualified plans.
Nearly 50 years after first receiving trust powers, on July 1, 2004, we became First Bankers Trust Services, Inc., (First Bankers), a separate and wholly owned subsidiary of First Bankers Trustshares, Inc., the publicly traded parent company that also owns the bank.
Shortly thereafter, we significantly increased our Personal Trust Services, including wealth management, and launched a highly specialized Farm Services Group, providing farm management and appraisal services.
Today, First Bankers, a leading provider of fiduciary and trustee services, has more than $10 billion in assets under management and serves a wide range of individual and institutional clients. These services include ESOP/Employee Benefits, Personal Trust, and Farm Services.
A group of Quincy, Ill. businessmen open a bank on the northside on Nov. 12, 1946, to provide area residents with personal banking services. They named it Broadway National Bank.
Broadway National Bank obtains trust powers, and expands its services to offer traditional estate and personal trust services.
Broadway National Bank is named First Bankers Trust Company, N.A., and expands its services to offer ESOP trustee services, establishing its reputation as a nationally recognized independent fiduciary.
The bank’s trust department becomes First Bankers Trust Services (First Bankers), a separate and wholly owned subsidiary of First Bankers Trustshares, Inc., the publicly traded parent company of First Bankers Trust Services and First Bankers Trust Company, N.A.
Today, First Bankers Trust Services has more than $10 billion in assets under management and serves a wide arrange of individual and institutional clients, providing:
First Bankers Trust Services has grown to become a nationally recognized ESOP trustee and independent fiduciary, as well as a community-oriented personal trust company, providing corporate trustee, investment management, and IRA/HSA services. Our farm management services help family-owned and institutional farms run successfully.