Conservatorships & Escrows Conservatorships Conservatorships are court appointed relationships. The bank manages the funds for an individual who is usually a minor or a disabled person. The bank will invest the funds, collect income, pay expenses and file income tax returns for the conservatee. All transactions are approved annually by the probate court. In most cases the bank's fee is less than the insurance bond a family member would have to pay to be appointed conservator. We would be happy to discuss with you, the advantages of serving as conservator for you or someone you know. Escrows Escrows or Contract for Deed are used by many people who do not use traditional bank financing for the purchase of a home or business. The Seller of the property finances the transaction. An Escrow Contract is a legal document used to govern the escrow. The contract appoints the bank as Escrow Agent. It is the duty of the Escrow Agent to process payments received from the buyer, allocate interest and principal, maintain tax and insurance reserves, and keep an accounting of principal balance. After the principal is paid off, the Escrow Agent will release the deed (or stock if a business) to the property to the buyer. Please call us if you are in need of an Escrow Agent for the sale or purchase of property.