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Connecticut IOLTA 2010 Leadership Banks |
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Leadership Banks (Listed Alphabetically)
Citizens Bank of Connecticut The Connecticut Bank and Trust Company Connecticut Community Bank, N.A. NewAlliance Bank Salisbury Bank & Trust Company Savings Bank of Danbury Sovereign Bank New England TD Bank, N.A. Thomaston Savings Bank Torrington Savings Bank Union Savings Bank Washington Trust Company Webster Bank, N.A.
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Platinum Leadership Bank (Listed By Yield Paid on IOLTA)
Rockville Bank
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The Connecticut Bar Foundation is pleased to announce the IOLTA Leadership Bank program. During this time of historically low interest rates, the IOLTA Platinum Leadership Banks and Leadership Banks have volunteered to pay a net yield that is higher than the yield they are required to pay on IOLTA. The additional interest generated by these banks provides much needed funding for legal services to low income residents during a critical period of need.
You can help by doing one the following: 1. Open an IOLTA Account at a Leadership Bank. 2. If you maintain accounts at a non-Leadership Bank, persuade your bank to become a Leadership Bank.
Leadership banks that are underlined have a link directly to the bank website. |
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For a complete listing of eligible financial institutions click here |
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News Alerts - FDIC Ruling Regarding IOLTA Accounts
The Federal Deposit Insurance Corporation (FDIC) announced that effective November 21, 2008, client funds deposited in IOLTA accounts at participating financial institutions are eligible for unlimited deposit insurance coverage as part of the Temporary Liquidity Guarantee Program (TLGP). All funds in an IOLTA account, regardless of size, will now be fully insured by the FDIC and backed by the full faith and credit of the United States Government, as part of the Temporary Account Guarantee (TAG) provisions of the TLGP. Financial institutions opting out of the TAG coverage must display a notification to customers. This additional coverage has recently been extended until June 30, 2010.
For a link to the FDIC decision click here
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To contact us: |
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31 Pratt Street, Suite 420, Hartford, CT 06103 Phone: 860-722-2494 Fax: 860-722-2497 Email: ctbf@cbf-1.org |