Trust Accounts and IOLTA

The Maintenance of Trust Accounts is outlined and governed from the Organization and Government of the Virginia State Bar, Rules of the Supreme Court of Virginia Part 6, § IV, Paragraph 20. It is also reflective of Rule 1.15 on the safekeeping of property from the Rules of Professional Conduct.

The VSB Ethics Department has written a page to answer questions about trust accounting. To learn more about interest on Lawyer Trust Accounts (IOLTA) visit the Legal Services Corporation of Virginia.

Additionally, the VSB produces a brochure on the subject: Lawyers and Other People's Money: A Resource for Maintaining Trust Accounts (pdf).

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Appalachian Community Federal Credit Union
American Bank
American National Bank & Trust Co.
Atlantic Union Bank
Bank@tlantic
Benchmark Community Bank
Blue Grass Valley Bank
Burke & Herbert Bank and Trust Co.
Bank of America
Bank of Botetourt
Bank of Charlotte County
Bank of Clarke County
Bank of Charles Town
Bank of Hope
BOKF, NA dba Bank of Texas
The Bank of Marion
The Bank of Southside Virginia
Bank of the James
Blue Ridge Bank N.A.
BankUnited, N.A.