John J. DuBois, president and CEO of Central Bank Illinois, recently announced the appointment of Scott Coutts as trust administration officer.
Coutts will have offices in the Princeton and Peru branches and will focus on providing independent third-party administration of trusts and estates.
Central Bank has had trust powers since 1907 when they originated and now has more than $250 million in trust assets.
“We have a full service trust department offering personal trust administration, estate executorships, guardianships, charitable trust/foundation administration, investment management, custodial record keeping accounts, IRAs, Health Savings Accounts and more,” DuBois said.
Coutts will graduate from Cannon Financial Trust School this year. He is also a graduate of IVCC and Eureka College, majoring in business administration. He achieved academic honor roll and was elected team captain on the varsity baseball teams at both schools.
Coutts has worked in the financial industry since graduation, first as a credit analyst at Spring Valley City Bank, and then a financial planner for Ameriprise Financial in Peru.
“Scott will provide peace of mind to our customers that their financial affairs will be handled in a professional manner,” Rick R. Clary, Princeton Community Bank president, said.
“His experience with wealth and asset management makes him a great asset to Central Bank, our customers and the communities we serve,” Clary said.
Coutts is a lifelong resident of the Illinois Valley area and is an avid traveler and Cubs fan.
“Family is everything to him, which also contributes to his enthusiasm in protecting families and their assets,” Clary said.