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
The Bank of Southside Virginia
Bank@tlantic
BankUnited, N.A.
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 Bank. N.A.
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
Customers 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
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 Virginia Community Bank
The Freedom Bank of VA
Founders Bank
Frontier Community Bank
Fulton Bank
Hanmi Bank
HomeTrust Bank
HSBC Bank, USA, N.A.
Integrity Bank for Business
J.P. Morgan Chase, N.A
John Marshall Bank
Lee Bank & Trust Company
Legacy Bank
MainStreet Bank
Manufacturer & Traders Trust Co. (M&T Bank)
MCNB Bank and Trust Co.
Metro City Bank
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 Point National Bank
Pendleton Community Bank
Peoples Bank
Peoples Bank of Virginia
Peoples Community Bank
Pinnacle Bank
Pioneer Bank
PNC Bank, N.A.
Powell Valley National Bank
Premiere Bank, Inc.
Presidential Bank, F.S.B.
Primis Bank
Renasant Bank
Sandy Spring Potomac Bank Division
Select Bank
Select Bank & Trust
Skyline National Bank
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 National Bank
Virginia Partners Bank
Wells Fargo Bank
WesBanco Bank
Woori America Bank

Updated: Oct 14, 2021