Bar News - June 17, 2011
NH Bar Foundation: IOLTA Needs You: Choose or Add a Leadership Bank
The sluggish economy and low-interest rates are driving down IOLTA revenues, a vital source of funding for civil legal services and legal education in NH.
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
Passumpsic Savings Bank
Sugar River Bank
You can maximize IOLTA revenue by taking a few steps to make sure that your IOLTA funds are doing the most good for these public service programs.
If you do not already have an IOLTA account, (made mandatory as of 3/1/11 by Supreme Court Rule 50) at one of the Leadership Banks listed here, please consider opening an additional account at one of these banks for IOLTA-eligible funds.
The Leadership Banks listed below have created special rates for IOLTA accounts that yield 2 percent or higher, exceeding the banks’ standard NOW account rate. These banks also may waive routine service charges. Leadership Banks strongly support the mission of the New Hampshire Bar Foundation and are truly committed to serving their communities.
Need help? Contact Mary White, the IOLTA administrator at the NH Bar Foundation or Jeannine McCoy, executive director of the Bar Association and the Bar Foundation.
More information at www.nhbarfoundation.org.