VisionBank of Iowa announced it has obtained Federal and State approval to purchase Legacy Bank in a transaction that will bring together two long-standing community banks with a focus on being the leader in service to customers and communities throughout Central Iowa.
Effective November 1, 2022, VisionBank of Iowa will be the successor of Legacy Bank fiduciary accounts. All persons shown in the records of Legacy Bank to have a beneficial interest in the fiduciary accounts or entitled to notice or an accounting under the terms of the will, trust instrument, or other governing instrument of the fiduciary account, as required by chapter 633, 633A, or 633B, or other applicable statute under which the Legacy Bank has been operating as a fiduciary are entitled to notice of the pending succession.
Any person with an interest in an account held in a fiduciary capacity by a party to a plan of merger may, within sixty days after the mailing and publication of the notice, apply to the district court in the county in which the notice is published for the appointment of a new fiduciary to replace VisionBank of Iowa on the ground that the merger will adversely affect the administration of the fiduciary account. The court shall have the discretion to appoint a new fiduciary to replace VisionBank of Iowa if it should find, upon hearing after notice to all interested parties, that the merger will adversely affect the administration of the fiduciary account and that the appointment of a new fiduciary will be in the best interests of the beneficiaries of the fiduciary account.
This notice is published in pursuant to Iowa Code 524.1009
Robert E. Chittenden, Chairman, Legacy Bank
Brad Pfaltzgraff, Chief Operations Officer, Legacy Bank
Heather Miller, President |CEO, VisionBank of Iowa
Notice Posted October 4, 2022 - 3:45p.m.
Both Traditional and Roth IRAs are tax beneficial accounts to save specifically for retirement. While Traditional IRAs defer taxes on contributions until they are withdrawn, Roth IRAs are the opposite, taxing contributions but allowing them to possibly grow tax-free. We offer fixed rate timed deposits or variable rate savings account options.
Traditional IRAs and Roth IRAs are both beneficial financial tools, but you should consult your tax advisor to see which would best fit your needs.
Legacy Bank offers escrow services for a variety of settlement and contract negotiations.
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