Lawyer Resources

Trust Accounts & IOLTA

Additional Info

Interest on Lawyer Trust Accounts (IOLTA)

For more information, visit the Legal Services Corporation of Virginia.


Maintenance of Trust Accounts from the Organization and Government of the Virginia State Bar, Rules of the Supreme Court of Virginia Part 6, § IV, Paragraph 20

Rule 1.15 on the safekeeping of property from the Rules of Professional Conduct

The bar's Ethics Department answers your questions about trust accounting.

Lawyers and Other People's Money: A Resource for Maintaining Trust Accounts (pdf)
 

The following banks have received approval from the Virginia State Bar as depositories for attorney trust accounts:

American Bank
American National Bank & Trust Co.
Appalachian Community Federal Credit Union
Atlantic Union Bank
Bank of America
Bank of Botetourt
Bank of Charles Town
Bank of Charlotte County
Bank of Clarke County
The Bank of Fincastle
Bank of Hope
Bank of the James
The Bank of Marion
Bank of McKenney
Bank of North Carolina (BNC) for Virginia
The Bank of Southside Virginia
Bank@tlantic
Benchmark Community Bank
Blue Grass Valley Bank
Blue Ridge Bank N.A.
Branch Bank & Trust (BB&T)
Burke & Herbert Bank and Trust Co.
Capital Bank, N.A.
Capital One, N.A.
Carter Bank & Trust
Chain Bridge Bank
Chesapeake Bank
CitiBank
Citizens and Farmers Bank
Citizens Bank & Trust Company
City National Bank – California
City National Bank of West Virginia
Colombo Bank
Community Bank of Chesapeake
Congressional Bank
CornerStone Bank
Dollar Bank
EagleBank
Essex Bank 
Esquire Bank
Farmers & Merchants Bank of Craig County
Farmers and Merchants Bank
Farmers and Miners Bank – Clintwood
Farmers and Miners Bank – Wise
Farmers Bank
The Farmers Bank of Appomattox
The Fauquier Bank
Fidelity Bank
First American Trust, FSB
First and Citizens Bank
First Bank
First Bank and Trust Company
First Citizens Bank
First Community Bank
First Horizon Bank
First National Bank
First National Bank of Pennsylvania
First Sentinel Bank
First Tennessee Bank National Association
First Virginia Community Bank
The Freedom Bank of VA
Frontier Community Bank
Fulton Bank
Hanmi Bank
Highlands Union Bank
HomeTrust Bank
HSBC Bank, USA, N.A.
J.P. Morgan Chase, N.A
John Marshall Bank
Lee Bank & Trust Company
MainStreet Bank
Manufacturer & Traders Trust Co. (M&T Bank)
MCNB Bank and Trust Co.
Miners Exchange Bank
Mountain Commerce Bank
MVB Bank
The National Bank of Blacksburg
National Capital Bank of Washington
New Peoples Bank, Inc.
Northern Star Credit Union
Oak View National Bank
Old Line Bank of Bowie, MD
Old Point National Bank
Park Sterling Bank
Pendleton Community Bank
Peoples Bank of Virginia
Peoples Community Bank
Pioneer Bank
PNC Bank, N.A.
Powell Valley National Bank
Premiere Bank, Inc.
Presidential Bank, F.S.B.
Renasant Bank
Revere Bank
Sandy Spring Potomac Bank Division
Select Bank
Skyline National Bank
Sonabank
Signal Financial Federal Credit Union
Summit Community Bank
SunTrust Bank
Surrey Bank and Trust
South State Bank
Southern Bank and Trust
TD Bank, N.A.
Taylor Banking, Berlin, MD
Towne Bank
TruPoint Bank
Trustar Bank
United Bank
VCC Bank
Village Bank & Trust Financial Corporation
Virginia Bank & Trust Company
Virginia Commonwealth Bank
Virginia Community Bank
Virginia National Bank
Virginia Partners Bank
Wells Fargo Bank
Woori America Bank

Updated: Oct 08, 2019