About TI-TRUST, Inc.
TI-TRUST is a leading provider of fiduciary services for Employee Benefits, Personal Trust, and Farm Services.
With solid core values and decades of proven commitment to high ethical standards, our experienced team of financial, legal, and administrative professionals is dedicated to earning and maintaining the trust and confidence of our clients.
Founded more than sixty years ago in Quincy, Illinois, today, we have locations in five states and hold more than $10 billion in managed assets for individuals and institutions nationwide.
Brian Ippensen: TI Trust stands for true integrity. One of our core values that we had for our staff was integrity.
Larry Shepherd: And we take that to a heart as an organization. And everything that we do.
Rick Edwards: Is important. When you're working with people that they trust you.
Dawn Goestenkors: We want to be seen as a very integrity driven company.
Larry Shepherd: It's about what's in the best interest of the client, not what's in the best interest of TI Trust or the employees. It's all based on what's in the best interest of the clients.
Brian Ippensen: And True Integrity Trust inc seemed to fit for what we were doing.
Larry Shepherd: We have a deep history. We've been doing trust services as an organization since the 1950s. We've worked with many families through multi-generations. Most of our senior trust officers have 20 plus years of experience and education, which is very unique in our industry and provides a great deal service to our clients having that kind of background.
Brian Ippensen: Again, the tradition goes back 63 years when we took on our first trust client. And along the way we've grown the organization, certainly been a large part of this community, and large part of other communities. So that tradition, we want to continue and carry on into our business.
On November 12, 1946 — shortly after the end of World War II — a group of local businessmen in Quincy, Illinois joined forces to establish a new bank on the city’s northside: Broadway National Bank.
In 1956, Broadway National Bank obtained trust powers and established a trust department. In 1988, Broadway National Bank became known as First Bankers Trust Company, N.A. In doing so, the trust department began expanding its geographic reach in order to provide services, for the first time, to those outside of the local community. As a result, the company’s list of available services also grew to include Employee Stock Ownership Plans (ESOPs) and Employee Benefit Services such as 401(k), 403(b), and nonqualified plans.
In 2004, the company separated from the bank and became First Bankers Trust Services, Inc.—a wholly owned subsidiary of First Bankers Trustshares, Inc. (also the parent company of the bank). With this milestone came another expansion of Personal Trust Services including wealth management and a highly specialized Farm Services Group which provided farm management and appraisal services.
After 15 years as a subsidiary, First Bankers Trust Services spun off from First Bankers Trustshares on July 1, 2019 to operate as its own independent company. With the transition came a new corporate brand and a new corporate name: TI-TRUST, Inc.
TI-TRUST Stock Basis
The following document was filed by First Bankers Trustshares, Inc. with the IRS on August 13, 2019 to estimate cost basis of TI-TRUST, Inc. common stock using IRS Form 8937 Report of Organizational Actions Affecting Basis of Securities. Link to IRS Form 8937 »