|
|
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.
Maryland IOLTA Honor Roll
The Maryland Court of Appeals has 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) applaud financial institution Honor Roll members for going above and beyond the requirements of the revised Maryland rule to foster the IOLTA program in its mission to ensure that low-income Marylanders have access to critically needed legal aid.
We welcome the following Honor Roll members that have agreed to pay a net yield of 65 percent or more of the federal funds target rate on IOLTA deposits. For all IOLTA-approved institutions, see the link below the Honor Roll list.
You may also download a printable list of Honor Roll Members.
HONOR ROLL MEMBERS
|
| FINANCIAL INSTITUTION |
LOCATION |
| Adams National Bank - web link |
Washington, DC & Montgomery County |
| American Bank - web link |
Howard & Montgomery Counties |
| Baltimore County Savings Bank - web link |
Baltimore City; Baltimore, Harford & Howard Counties |
| Bay National Bank - web link |
Baltimore & Wicomico Counties |
| Bradford Bank - web link |
Baltimore City, Baltimore & Howard Counties |
| Business Bank - web link |
Northern Virginia |
| Capital Bank |
Washington, DC & Montgomery County |
| Chevy Chase Bank - web link |
Statewide, Washington, DC & Virginia |
| Citibank, N.A. |
Baltimore City, Anne Arundel, Baltimore, Montgomery, & Prince George's Counties, & Washington, DC & Virginia |
| ColomboBank - web link |
Baltimore City, Montgomery County & Washington, DC |
| First Shore Federal - web link |
Wicomico & Worcester Counties |
| Harbor Bank of Maryland - web link |
Baltimore City; Baltimore & Prince George's Counties |
| Howard Bank - web link |
Howard County |
| K Bank - web link |
Anne Arundel, Baltimore, Carroll, Harford & Howard Counties |
| NBRS Financial - web link |
Cecil & Harford Counties |
| Provident State Bank |
Caroline, Dorchester & Talbot Counties |
| Sandy Spring Bank - web link |
Anne Arundel, Frederick, Howard, Montgomery & Prince George's Counties |
| Susquehanna Bank - web link |
Baltimore City, Anne Arundel, Allegany, Baltimore, Carroll, Garrett, Harford, Howard, Washington & Worcester Counties |
| Vigilant Federal Savings Bank - web link |
Baltimore County |
ALL APPROVED IOLTA INSTITUTIONS IN MARYLAND |
| A list of all financial institutions currently approved to hold IOLTA deposits pursuant to the revised Rule (Maryland Rules of Procedure 16-610), effective April 1, 2008, are provided here. This list will be updated as additional financial institutions are approved. |
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 info@mlsc.org.
|
|
