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 percent 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.
BCT – Bank of Charles Town
Washington County, Virginia & West Virginia
Blue Ridge Bank
Carroll Community Bank
Baltimore City & Baltimore County
Montgomery County, Washington DC & Northern Virginia
First Shore Federal Savings & Loan Assn.
Dorchester County, Somerset County, Wicomico County, Worcester County & Delaware
Homewood Federal Savings Bank
Baltimore City, Baltimore County & Howard County
HSBC Bank USA, N.A.
Montgomery County, Prince George’s County & Washington DC
Washington DC & Virginia
Statewide & Neighboring Jurisdictions
NWSB Bank, A Division of ACNB Bank
PeoplesBank, A Codorus Valley Company
Baltimore City, Baltimore County, Harford County & South Central Pennsylvania
Premier Bank, Inc.
Montgomery County & Washington DC
Standard Bank, PaSB
Allegany County & Pennsylvania
About the IOLTA Honor Roll
The Maryland Rules, Title 19, Chapter 400, Rule 19-411 ensures 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 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 [at] mlsc.org.