IOLTA Honor Roll
Banking on Justice
By participating in the IOLTA Honor Roll, financial institutions and attorneys help support the provision of critically needed legal aid to Marylanders unable to afford such services. We encourage attorneys to consider these institutions for their banking needs.
MLSC and the Maryland State Bar Association welcome the following Honor Roll members that have agreed to pay favorable interest rates on IOLTA accounts in support of civil legal aid. Click on each bank’s logo to visit their website.
BCT - Bank of Charles Town
Washington County, Virginia, West Virginia
Blue Ridge Bank
Calvert County, Montgomery County, Virginia
CFG Bank
Baltimore City, Baltimore County
CNB Bank
Washington County, West Virginia
Hingham Institution for Savings
Washington DC
Somerset Trust Company
Allegany County, Garrett County, Pennsylvania
Homewood Federal Savings Bank
Baltimore City
Wells Fargo & Company
Maryland, Delaware, Pennsylvania, Virginia, Washington DC
MainStreet Bank
Virginia, Washington DC
Old Dominion National Bank
Virginia, Washington DC and Central Pennsylvania
About the IOLTA Honor Roll
Rule 19-411 of the Maryland Rules ensures that financial institutions that participate in the IOLTA program pay interest rates on IOLTA deposits comparable to other similarly situated accounts. MLSC and the MSBA partnered to create the Honor Roll in 2002 to recognize those institutions who go above and beyond this standard of comparability. Honor Roll members pay a net yield of 1% or 65% or more of the federal funds target rate on IOLTA deposits, whichever is greater.
To join the IOLTA Honor Roll, financial institutions should complete the Honor Roll Enrollment Form. MLSC will provide a Community Reinvestment Act statement verifying your participation in this important program and provide other public recognition and promotion as appropriate.
If you have questions about joining the IOLTA Honor Roll, please contact us.