Banking Partners
For a PDF of IOLTA Questions & Answers for Attorneys, click
here.
For a PDF of IOLTA Questions & Answers for Financial
Institutions, click here.
The following financial institutions participate in the Bar Foundation's IOLTA program. If you would like to participate in the IOLTA please print the
Notice to Financial Institution and submit this form to your bank/credit union.
Interest rates as of their last remittance are also indicated.
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PRIME PARTNERS
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The following financial institutions have adopted leading
comparable rates for IOLTA Accounts:
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| Auburn Savings Bank
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2.76
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Machias Savings Bank
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2.76
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| Saco & Biddeford Savings
Institution
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2.76
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| University Credit Union
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2.76
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| The First, N.A.
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2.76
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Camden National Bank
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2.73
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| Bar Harbor Banking and Trust Company
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2.50
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Kennebec Savings Bank
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2.10
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| Bangor Savings Bank
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2.00
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| First Federal Savings & Loan
Assoc. of Bath
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2.00
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Katahdin Trust Company
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2.00
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| Damariscotta Bank & Trust
Company
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1.95
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| Rockland Savings & Loan
Association
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1.32
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Prime Partners - Tiered Rates
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Ocean National Bank
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0.30 - 2.03
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| Merrill Bank
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1.00 - 1.75
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| Sanford Institution for Savings
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0.25 - 1.75
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Key Bank, N.A.
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1.15 - 1.30
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Rivergreen Bank
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0.50 - 1.25
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ELIGIBLE INSTITUTIONS
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| The following financial
institutions have indicated a willingness to adopt comparable
rates for IOLTA Accounts:
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These are their rates:
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| Norway Savings Bank
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1.25
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| Bank of America, N.A.
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1.20
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| Gorham Savings Bank
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1.04
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| Northeast Bank
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1.00
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| Franklin Savings Bank
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0.85
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| Kennebunk Savings Bank
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0.75
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NorState Federal Credit Union
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0.75
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| Maine Bank & Trust
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0.50
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| Skowhegan Savings Bank
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0.35
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| Border Trust Company
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0.30
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| Atlantic Regional Federal Credit
Union
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0.15
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| Androscoggin Savings Bank
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0.10
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| Biddeford Savings Bank
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0.10
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Eligible Institutions - Tiered Rates
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| Lincoln Maine Federal Credit Union
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0.75 - 1.25
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| Gardiner Savings Bank of Maine
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0.50 - 1.25
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Mechanics Savings Bank
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0.369 - 1.548
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Kennebec Federal Savings
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0.25 - 0.50
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Bath Savings Bank
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0.20 - 0.25
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| Katahdin Federal Credit Union
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0.05 - 0.25
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PENDING
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| The following financial
institutions currently offer these rates. As the new
Court Rule is implemented, they are being given the
opportunity to reach compliance:
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Current Rate
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| TD Banknorth, N.A.
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1.24
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| All rates effective as
of June 30, 2008.
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