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%)

Bank of North Carolina

Bank of Oak Ridge

Coastal Bank & Trust

LifeStore Bank

Macon Bank

Old Town Bank

Providence Bank

Roxboro Savings Bank

Taylorsville Bank

Towne Bank



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*

Aquesta Bank*

Asheville Savings Bank*

Bank of America*

Bank of Commerce*

Bank of the Carolinas*

Bank of the Commonwealth*

Bank of the Ozarks

BlueHarbor Bank

Branch Banking & Trust*

Capital Bank*

Carolina Bank*

Carolina Premier Bank*

Carolina Trust Bank*

Carter Bank

Certus Bank*

CommunityOne Bank*

Cornerstone 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 South Bank*

First Tennessee Bank

Four Oaks Bank*

Great State Bank

Harrington 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

Nantahala Bank

NewBridge Bank*

New Century Bank*

New Dominion Bank

North State Bank

OBX Bank*

Paragon Commercial Bank

Park Sterling Bank

Peoples Bank*

PNC Bank*

Premier Commercial Bank*

Regions Bank

Roanoke Rapids Savings Bank*

Security Savings Bank*

Select Bank & Trust*

SoundBank

South State Bank (formerly NCBT)

Southern Bank & Trust Co.

SunTrust Bank

Surrey Bank

TD Bank*

TrustAtlantic Bank*

Union Bank*

United Community Bank

Uwharrie 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*

Bank of Georgetown

CitiBank

First American Trust*

WashingtonFirst Bank*