Banking on Justice
By participating in the IOLTA Honor Roll, financial institutions and attorneys help support the provision of critically needed legal aid to those Marylanders unable to afford such services.
The Maryland Legal Services Corporation (MLSC) and Maryland State Bar Association (MSBA) welcome the following Honor Roll members that have agreed to pay a net yield of the greater of 1% or 65 percent or more of the federal funds target rate on IOLTA deposits.
You may also download a printable list of Honor Roll Members.
American Bank
Montgomery County & Washington, DC
www.americanfsb.com
Baltimore County Savings Bank
Baltimore City; Baltimore, Harford & Howard Counties
www.baltcosavings.com
BankAnnapolis
Anne Arundel and Queen Anne’s Counties
www.bankannapolis.com/business/checking.pbb.html
Carrollton Bank
Baltimore City, Anne Arundel, Baltimore & Harford Counties
Congressional Bank
Montgomery County, Washington, DC & Northern Virginia
www.congressionalbank.com
First Shore Federal
Wicomico & Worcester Counties
www.firstshorefederal.com
Hamilton Bank
Anne Arundel & Baltimore Counties
HSBC Bank USA, N.A.
Montgomery County
www.us.hsbc.com/business
MainStreet Bank
Northern Virginia
www.mstreetbank.com
Midstate Community Bank
Baltimore County
www.midstatefed.com
Premier Bank, Inc.
Montgomery County & Washington, DC
www.premierbankinc.com
Sandy Spring Bank
Anne Arundel, Frederick, Howard, Montgomery & Prince George’s Counties
www.sandyspringbank.com
Severn Savings Bank
Anne Arundel County
Standard Bank
Allegany County
TD Bank
Anne Arundel, Baltimore, Harford & Prince George’s Counties
About the IOLTA Honor Roll
The Maryland Court of Appeals amended the Maryland Rules of Procedure 16-610, effective April 1, 2008, to ensure that financial institutions that participate in the IOLTA program pay interest rates on IOLTA deposits comparable to other similarly situated accounts. The Maryland Legal Services Corporation (MLSC) and Maryland State Bar Association (MSBA) partnered to create the Honor Roll in 2002, which continues today to encourage financial institutions to pay favorable interest rates to foster the IOLTA program in its mission to ensure that low-income Marylanders have access to critically needed legal aid.
In addition to Honor Roll members, all other IOLTA-approved institutions are listed and updated on this web site.
For more information on IOLTA interest rates, specific bank locations, and the Honor Roll program, contact MLSC at 410.576.9494 or 1.800.492.1340. Financial institutions may use the Honor Roll Enrollment Form to enroll in the Honor Roll program. Honor roll banks that wish to have web links from the MLSC web site should send link information to iolta@mlsc.org.