Bar Foundation News: What You Can Do: Choose a Leadership Bank
Leadership Banks Centrix Bank Community Guaranty Savings Bank Hampshire First Bank Bank of New Hampshire Mascoma Savings Bank Meredith Village Savings Bank Merrimack County Savings Bank Monadnock Community Bank The Nashua Bank Northway Bank Passumpsic Savings Bank Sugar River Bank TD Bank
One of the largest banks in New Hampshire recently lowered the interest rate paid on IOLTA accounts, resulting in a projected 20 percent drop in revenues for this vital source of funding for civil legal services and public legal education programs.
As a Bar member participating in the IOLTA program, you can take steps to make sure that funds placed in your IOLTA account do the most good for these public service programs.
The Leadership Banks listed here have created special rates for IOLTA accounts that yield 2 percent or higher. These often exceed the bank’s standard interest rate. These banks also may waive routine service charges. Leadership Banks strongly support the mission of the New Hampshire Bar Foundation and demonstrate a true commitment to community-based banking.
If you are currently with a bank not listed here, please consider opening an IOLTA leadership bank account. If you have questions, please contact Mary White, the IOLTA administrator at the NH Bar Foundation or Jeannine McCoy, executive director of the Bar Association and the Bar Foundation.