|
Connecticut IOLTA 2011 Leadership Banks |
|
Leadership Banks
The Connecticut Bank and Trust Company First Niagara Bank, N.A. formerly 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
|
|
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 Bank 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. |
|
For a complete listing of all eligible financial institutions click here |
|
News Alerts - FDIC Ruling Regarding IOLTA Accounts
Recent amendments to the Federal Deposit Insurance Act provide full deposit insurance coverage for noninterest-bearing transaction accounts and IOLTA accounts beginning December 31, 2010, for a two-year period. This section applies to all insured depository institutions and, unlike the FDIC’s Temporary Liquidity Guarantee Program, no opt outs are permitted. This additional coverage is in effect until December 31, 2012.
For a link to the FDIC website click here
|
