Utah Supreme Court IOLTA
(Interest on Lawyers’ Trust Accounts) Program

IOLTA Eligible Financial Institutions

ELIGIBLE INSTITUTION
The Utah Bar Foundation will deem a financial institution to be “Eligible” to offer IOLTA accounts if the institution complies with the standards of the eligibility requirement as defined by IOLTA Rule 14-1001 as amended effective April 1, 2008.  A final list of eligible institutions will be posted on July 1, 2008.

ELIGIBLE FINANCIAL INSTITUTIONS AS OF JUNE 1, 2008:
(Listed alphabetically):
Bank of American Fork
Barnes Bank
Brighton Bank
Capital Community Bank
Central Bank
First Utah Bank
Key Bank
State Bank of Southern Utah
The Village Bank
US Bank
Washington Mutual
Wells Fargo
Western Community Bank
Zions First National Bank

PROVISIONALLY ELIGIBLE INSTITUTION
The Utah Bar Foundation will deem a financial institution to be “Provisionally Eligible” if the institution is actively engaged with the Foundation and timely in the process of communicating their product, rate and fee information and, if necessary, adjusting their IOLTA rates to comply with the IOLTA interest rate comparability requirement. Attorneys may continue to maintain their IOLTA accounts at “Provisionally Eligible” institutions unless the attorneys are notified otherwise by the Foundation. Click here to see attached Timetable for Implementation of the Amended IOLTA Statute.

PROVISIONALLY ELIGIBLE FINANCIAL INSTITUTIONS AS OF JUNE 1, 2008:
(Listed alphabetically):
America First Credit Union
Bank of Utah
Chase Bank
Far West Bank
Prime Alliance Bank
Washington Federal Savings

To learn more about participating in the Utah Supreme Court IOLTA Program, contact:
Kim Paulding, Executive Director, Utah Bar Foundation, 645 South 200 East, Salt Lake City, Utah 84111. Phone: 801-297-7046, Fax: 801-531-0660. Email: kpaulding@utahbarfoundation.org.

Utah IOLTA Rate Comparability Form
Timeline for Implementation