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

Carroll Community Bank

Carroll County, Montgomery County

CFG Bank

Baltimore City, Baltimore County

Congressional Bank

Montgomery County, Pennsylvania, Virginia, Washington DC

First Shore Federal Savings & Loan Assn.

Dorchester County, Somerset County, Wicomico County, Worcester County, Delaware

Homewood Federal Savings Bank

Baltimore City

FCB Bank Logo

FCB Bank, A Division of ACNB Bank

Frederick County

Industrial Bank

Prince George’s County, Washington DC

MainStreet Bank

Virginia, Washington DC

NWSB Bank, A Division of ACNB Bank

Carroll County

Standard Bank, PaSB

Allegany County, Pennsylvania

Wells Fargo & Company

Maryland, Delaware, Pennsylvania, Virginia, Washington DC

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.