Financial Institutions Eligible Under SCR 217

Financial institution participation in the Nevada IOLTA (Interest on Lawyer Trust Accounts) program is voluntary and all Nevada financial institutions taking part pay favorable rates over market rates.  Thank you to the following Nevada financial institutions for helping to support the delivery of legal services and access to justice for all Nevadans.

LEADERSHIP INSTITUTIONS

These approved financial institutions pay premium rates on all IOLTA accounts under deposit.
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SUSTAINING FINANCIAL INSTITUTIONS

These approved financial institutions pay favorable rates on all IOLTA accounts under deposit.
  • American First National Bank
  • Bank of America
  • Bank of George
  • Bank of the West
  • BMO Harris Bank
  • Chase
  • CIT (formerly Mutual of Omaha)
  • Citibank
  • City National Bank* – Pays 1.2% on accounts above $10 million
  • East West Bank
  • Financial Horizons Credit Union
  • First Security Bank of Nevada
  • Heritage Bank
  • Kirkwood Bank of Nevada
  • Lexicon Bank
  • Nevada State Bank
  • Northern Trust Bank
  • Pacific Premier Bank (formerly Plaza Bank)
  • Plumas Bank
  • Royal Business Bank* – Pays 1.50% interest on major accounts
  • Silver State Schools Credit Union
  • Town and Country Bank
  • Umpqua Bank (Hold status)
  • US Bank**
  • Valley Bank of Nevada (BNLV)
  • Washington Federal
  • Wells Fargo

*These financial institutions pay higher rates on select accounts.

**This financial institution is no longer accepting new IOLTA accounts.

“Equal Justice Under Law” means getting people the legal help they need, not just what they can afford.

To become a participating financial institution under SCR 217 or to learn more about interest rates, Leadership Institution status and recognition, email atj@nvbar.org.

Important Notice Regarding Financial Institution List

Neither the State Bar of Nevada nor the Nevada Bar Foundation has made any determination regarding the financial institutions on this list, other than the criteria established by Supreme Court Rule 217.  By creating and posting this list, neither the Nevada Bar Foundation nor the State Bar of Nevada expresses 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 IOLTA funds.

Visit the FDIC and speak with your banker regarding FDIC coverage of trust accounts.