NC IOLTA Eligible Bank List
After July 1, 2010, lawyers may keep NC IOLTA accounts only in eligible banks.
Eligible banks have agreed to pay IOLTA accounts the highest rate available to that bank’s other customers when the IOLTA accounts meet the same minimum balance or other account qualifications. Banks are certified as eligible by NC IOLTA upon a finding that they are in compliance with the rule.
Banks not found on the Eligible Bank List must submit a compliance statement and receive approval prior to opening any NC IOLTA accounts. Compliance information is available under the Information for Banks section of the website or from the IOLTA staff.
Prime Partner Banks are those that go above and beyond the eligibility requirements of the IOLTA rule to support the NC IOLTA program in its mission to ensure that low-income North Carolinians have access to critically needed legal aid.
(Current Prime Partner rate is a net yield of 75% of the Federal Funds target rate with a minimum rate of 0.75%)
Other NC IOLTA Eligible Banks
NOTE: An * identifies banks that waive the service charges that can be charged against the interest on NC IOLTA accounts. Banks may choose to waive additional fees associated with the accounts; however, business costs and fees billable to the client may be charged to the attorney/firm. For information about service charges and fees, see Rule .1316 (e).
Banks only eligible to offer settlement agent accounts are listed at the end of the Eligible Bank list.
Alliance Bank & Trust*
American National Bank*
Anson Bank*
Aquesta Bank*
Bank of America*
Bank of Commerce*
Bank of Granite*
Bank of the Ozarks*
Bank of the Carolinas*
Bank of the Commonwealth*
Bank of Stanly*
Branch Banking & Trust*
Cabarrus Bank*
Capital Bank*
Capstone Bank*
Carolina Bank*
Carolina Premier Bank*
Carolina Trust Bank*
Carter Bank
Certus Bank*
Citizens South Bank
Community Bank of Rowan*
CommunityOne Bank*
Cornerstone Bank
Crescent State Bank *
East Carolina Bank*
Farmers & Merchants Bank*
Fidelity Bank
Fifth Third Bank*
First Bank*
First Carolina State Bank*
First Citizens Bank*
First Community Bank
First Federal Bank
First Federal Savings Bank of Lincolnton *
First Federal Savings & Loan of SC
First National Bank of Shelby*
First South Bank*
First Tennessee Bank
First Trust Bank
Four Oaks Bank*
Gateway Bank*
Gibsonville Community Bank*
Great State Bank
Harrington Bank
The Heritage Bank*
Highlands Union Bank*
High Point Bank & Trust Co.*
Home Savings Bank of Albemarle
HomeTrust Bank
KS Bank*
The Little Bank*
Lumbee Guaranty Bank*
Mechanics & Farmers Bank
MidCarolina Bank*
Mountain 1st Bank*
Nantahala Bank
New Century Bank*
New Dominion Bank
North Carolina Bank & Trust (A Division of SCBT)
North State Bank
OBX Bank*
Paragon Commercial Bank
Parkway Bank*
Park Sterling Bank
Patriot State Bank*
Peoples Bank*
Pisgah Community Bank
PNC Bank* (formerly RBC Bank)
Premier Commercial Bank*
Randolph Bank*
Regions Bank
Roanoke Rapids Savings Bank*
Security Savings Bank*
Select Bank & Trust*
SoundBank
SouthBank*
Southern Bank & Trust Co.
SunTrust Bank
Surrey Bank
TD Bank*
TrustAtlantic Bank*
Union Bank*
United Community Bank
Vantage South Bank *
Wells Fargo
Yadkin Valley Bank & Trust*
FOR SETTLEMENT AGENT ACCOUNTS ONLY
In addition to the banks listed above, settlement agent accounts may be maintained at the banks below. Settlement agent accounts are defined as accounts maintained by settlement agents that are not associated wit an attorney licensed in North Carolina.
American Bank*
CitiBank
First American Trust*
