Financial institutions volunteer to provide Interest on Lawyers’ Trust Accounts (IOLTA). The financial institutions listed below are eligible to hold IOLTAs under California Business and Professions Code section 6212.
Leadership Financial Institutions
The following Leadership Financial Institutions volunteer to:
Provide the highest interest rate, based on 68 percent of the federal funds rate, or 0.68 percent, whichever is higher, and
Waive fees for their (IOLTA).
The State Bar recognizes the following Financial Institutions and encourages attorneys to consider one of these institutions when deciding where to deposit IOLTA funds in order to maximize their impact on civil legal aid across the state.[1]
Established Compliance Rate (ECR) Financial Institutions
The following ECR Financial Institutions volunteer to:
Provide the highest interest rate, based on 68 percent of the federal funds rate, or 0.68 percent, whichever is higher, and
May charge fees.
Amalgamated Bank Avidbank Axos Bank Bank of Hope Bank of Texas Bank of the Sierra BankUnited Banner Bank BMO Harris Bank, NA C3bank CIBC Bank USA Dallas Bank FFB Bank First Federal Bank First General Bank Flagstar Bank GBC International Bank
Genesis Bank Golden State Bank Icon Business Bank Meadows Bank Mega Bank Meriwest Credit Union Montecito Bank and Trust Pacific Valley Bank Pinnacle Bank - TN Royal Business Bank Safra National Bank of New York State Bank of India (CA) U.S. Bank Webster Bank West Coast Community Bank
Comparable Banks
Comparable Banks are financial institutions that volunteer to pay interest rates or dividends on IOLTAs that are comparable to or higher than those paid on similarly situated non-IOLTAs and may charge fees. The IOLTA income from interest rates paid by these banks is generally significantly lower than the IOLTA income paid by Leadership and ECR Financial Institutions. This means you provide much greater assistance to civil legal aid in California by opening or maintaining an IOLTA with a Leadership or ECR Financial Institution.
1st Century Bank 1STBANK American Business Bank American National Bank American Plus Bank, N.A. American Riviera Bank BAC Community Bank Banc of California Bank of San Francisco Bank of Stockton Beach Cities Commercial Bank Beacon Business Bank Beneficial State Bank Bravera Bank Bridgewater Bank California Bank and Trust California Bank of Commerce California Business Bank California Credit Union California International Bank California Pacific Bank CalPrivate Bank Cathay Bank Chain Bridge Bank Chino Commercial Bank Choice Bank Citizens Business Bank City National Bank CoastHills Credit Union Columbia Bank Comerica Bank Commonwealth Business Bank Community Bank of Santa Maria Community First Credit Union Community Valley Bank Community West Bank Cornerstone Community Bank CS Bank Customers Bank East West Bank El Dorado Savings Bank Endeavor Bank Enterprise Bank & Trust Esquire Bank Exchange Bank F&M Bank of Central California F&M Bank of Long Beach Fifth Third Bank First American Trust, FSB First Citizens Bank First Foundation Bank First Northern Bank of Dixon First Pacific Bank First U.S. Community Credit Union Five Star Bank Fremont Bank Gateway Bank Global Federal Credit Union
Golden Pacific Bank N.A. Golden Valley Bank Hanmi Bank HCN Bank Heritage Bank of Commerce Home Bank of California HSBC Bank USA NA Idaho Trust Bank Industrial and Commercial Bank Infinity Bank Israel Discount Bank of New York Leader Bank Legacy Bank Liberty Bank Malaga Bank Mechanics Bank Mission Bank Mission Valley Bank Monterey County Bank Nano Banc Neighborhood National Bank Noble Credit Union Northern California National Bank Northern Trust Company Oak Valley Community Bank Open Bank Origin Bank Pacific Alliance Bank Pacific Premier Bank Partners Bank of California PCB Bank Pinnacle Bank - CA Plumas Bank PNC Bank Preferred Bank Provident Bank Redwood Capital Bank River City Bank River Valley Community Bank Salal Credit Union Savings Bank of Mendocino County Shinhan Bank America Signature Bank - IL SMBC MANUBANK Summit Bank Summit State Bank Sunwest Bank Tradition Capital Bank Tri Counties Bank Tustin Community Bank UMB Financial Corp United Business Bank United Security Bank Washington Federal Bank Westamerica Bank Western Alliance Bank
[1] The State Bar’s endorsement of Leadership Financial Institutions is limited to their IOLTA products in recognition of the tangible impact that the Leadership Financial Institutions program has on the provision of civil legal aid. We do not provide general endorsements of any financial institution or their other products.
