An Individual Retirement Account (IRA) is a retirement fund established by you - as an employed individual - for your benefit. In most instances, you may make tax-deductible annual contributions to the IRA, which we hold as trustee. With a First National Bank Trust Department IRA, you are able to invest in a wide array of investment vehicles to maximize return.
If you have been participating in a retirement plan at work, you may, upon retirement or separation from service for any reason, "roll over" those retirement funds into one of our IRA's and continue the tax deferral on the funds. Again we are then able to invest your retirement funds for maximum return, completely tax deferred until distribution. We offer Traditional, Roth, and Education IRAs. Contact our Trust Department for more information.