Attorneys who maintain client trust funds that are large in amount or to be held for a long period of time must deposit these monies in an interest-bearing account in the name of and for the benefit of the client. This includes funds held in any fiduciary capacity in connection with a representation, whether as trustee, agent, guardian, executor or otherwise. Supreme Court Rule 78.5 requires client trust accounts to be established at approved financial institutions that meet certain requirements, such as overdraft reporting to the state bar’s Office of Bar Counsel.

Deposits small in amount or short-term in duration must be maintained in an IOLTA account with an IOLTA eligible financial institution.

Approved Financial Institutions under SCR 78.5

Non-IOLTA trust funds only

  • American First National Bank
  • Bank of America – Nevada
  • Bank of George
  • Bank of Las Vegas
  • Bank of Nevada
  • Bank of North Las Vegas
  • Bank of the West
  • Black Mountain Community Bank
  • Boulder Dam Credit Union
  • Citibank-Nevada
  • City National Bank
    • fka Business Bank of Nevada
  • Clark County Credit Union
  • Clearstar Financial Credit Union
  • Cumorah Credit Union
  • Desert Community Bank
  • East West Bank
  • Elko Federal Credit Union
  • Financial Horizons Credit Union
  • 1st Commerce Bank
  • First Foundation Bank
  • First Independent Bank of Nevada
  • First International Bank
  • First Savings Bank
  • First Security Bank of Nevada
  • Frontier Financial Credit Union
    • fka Washoe Credit Union
  • Great Basin Bank of Nevada
  • Heritage Bank of Nevada
  • Irwin Union Bank
  • Irwin Union Bank FSB
  • JPMorgan Chase & Co.
  • Kirkwood Bank of Nevada
  • M & I Bank FSB
  • Meadows Bank
  • MidCountry Bank
  • Mountain America Federal Credit Union
  • Mutual of Omaha Bank
  • Nevada Bank and Trust Co.
  • Nevada Federal Credit Union
  • Nevada State Bank
  • Northern Trust Bank
  • Pahrangat Valley Federal Credit Union
  • Paramount Bank
  • Plaza Bank
  • Plumas Bank
  • Prudential Securities, Inc.
  • Red Rock Community Bank
  • Royal Business Bank fka First Asian Bank
  • Service 1st Bank of Nevada
  • Silver State Schools Credit Union
  • The First National Bank of Ely
  • Town & Country Bank
  • Umpqua Bank
  • US Bank*
  • Wachovia Bank
  • Washington Federal
  • Washington Mutual Bank
    • acquired by JPMorgan Chase & Co., September 2008
  • Wells Fargo Bank

Important Notice Regarding Financial Institution List

The State Bar of Nevada has not made any determination regarding the financial institutions on this list, other than the criteria established by SCR 78. By creating and posting this list, the State Bar of Nevada does not express any opinion regarding the wisdom of depositing funds with a particular financial institution on the list. No warranty, representation or guaranty as to the financial soundness, business practices, insurance coverage, if any, or other attributes of any financial institution is intended.  Each attorney should exercise reasonably prudent business judgment in selecting a financial institution from this list for the deposit of trust funds.