Bar News - December 16, 2011
NH Bar Foundation: IOLTA Leadership Bank Spotlight: Centrix Bank
NH Bar Foundation Recognizes Centrix Bank The New Hampshire Bar Foundation, on behalf of the New Hampshire legal community, thanks Centrix Bank for its steadfast support of the Interest on Lawyers Trust Account program, and its participation as a Leadership Bank in 2011.
A Leadership Bank...Contributes to the success of the IOLTA program by offering interest rates of 2 percent or more on IOLTA accounts.
Centrix Bank’s Impact With the revenue earned through the IOLTA Program, Centrix Bank helped more than 19,000 residents receive critical civil legal services in the fiscal year ended May 31, 2011. These services alleviate poverty and suffering and help the communities it serves in central and southern New Hampshire.
In the past fiscal year, IOLTA accounts at Centrix Bank generated $86,501 in interest revenue to be used for charitable purposes. Centrix Bank has been an IOLTA Leadership Bank since its founding in 1999.
Joseph B. Reilly, CEO of Centrix Bank (at right) receives the IOLTA Leadership Bank plaque from Jaye L. Rancourt and James J. Tenn, Jr., Manchester attorneys and members of the NH Bar Foundation board.
About the BankCentrix Bank provides customized business banking solutions to small to medium-sized businesses, professionals, not-for-profit organizations, and municipalities. The bank is headquartered in Bedford and branches in Concord, Dover, Manchester, Milford and Portsmouth, with a loan production office in Nashua.
You Should Know...Centrix Bank operates exclusively as a commercial bank offering unrivaled attention and insight to their customers’ needs. Through its trademarked approach, C-BeyondSM, Centrix Bank goes beyond generic business banking. The commercial lender tailors strategies to its clients’ specific business banking needs, to ensure every one of its customers reaches their full potential.
Centrix Bank’s charitable involvement policy focuses on two main areas that align with the New Hampshire Bar Foundation’s IOLTA program. Centrix focuses its charitable giving on those programs that: improve the lives of low-income individuals and at-risk children; and technical assistance and support on housing issues.
We support IOLTA as a Leadership Bank because...“The funds generated through this valuable program provide vital services to the underserved citizens of New Hampshire,” said Joseph Reilly, CEO, Centrix Bank.
Go to centrixbank.com to find out more.