Our History

Phillip "Terry" Banks began accepting fiduciary appointments in an individual capacity in 1980 following a 13 year career as a trust officer with a major bank trust department where he supervised an office handling 850 trust accounts.

Together with his wife, Janet, they founded Banks & Banks Fiduciary Services to deliver trust and estate administration services with a higher level of personal attention, responsiveness and efficiency to clients than could be provided by a large corporate trust department. In the 1980's, there were very few full time professional fiduciaries in San Diego. The Banks & Banks business model became an unwitting pioneer to what is now known as the “Licensed California Professional Fiduciary” designation. Since 2007 when licensure was first enacted, over 120 fiduciaries have been licensed in San Diego County, and nearly 1,000 statewide.

Phillip and Janet’s son, Lincoln Banks, joined the family business in 2000, after obtaining a BA degree from the University of California, Santa Barbara, and working in the accounting field. It is his experience gained over the nearly two decades to follow, working closely with Phillip and Janet in managing complex estates and trusts that has distinguished Lincoln as one of the most proficient and respected fiduciaries currently practicing in San Diego. Lincoln now leads this reputable firm for another generation and into the future.