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).

Currently Approved Banks for Attorney Trust Account Depositories

  • American Bank
  • American National Bank & Trust Co.
  • Appalachian Community Federal Credit Union
  • Atlantic Union Bank
  • Bank of America
  • Bank of Botetourt
  • Bank of Charles Town
  • Bank of Charlotte County
  • Bank of Clarke County
  • Bank of Hope
  • Bank of the James
  • The Bank of Marion
  • Bank of McKenney
  • The Bank of Southside Virginia
  • [email protected]
  • BankUnited, N.A.
  • Benchmark Community Bank
  • Blue Grass Valley Bank
  • Blue Ridge Bank N.A.
  • Burke & Herbert Bank and Trust Co.
  • Capital Bank, N.A.
  • Capital One, N.A.
  • Carter Bank & Trust
  • Chain Bridge Bank
  • Chesapeake Bank
  • CitiBank
  • Citizens Bank. N.A.
  • Citizens and Farmers Bank
  • Citizens Bank & Trust Company
  • City National Bank – California
  • City National Bank of West Virginia
  • CNB Bank
  • Colombo Bank
  • Community Bank of Chesapeake
  • Congressional Bank
  • CornerStone Bank
  • Customers Bank
  • Dollar Bank
  • EagleBank
  • Esquire Bank
  • Farmers & Merchants Bank of Craig County
  • Farmers and Merchants Bank
  • Farmers and Miners Bank – Clintwood
  • Farmers and Miners Bank – Wise
  • Farmers Bank
  • The Farmers Bank of Appomattox
  • Fidelity Bank
  • First American Trust, FSB
  • First and Citizens Bank
  • First Bank
  • First Bank and Trust Company
  • First Citizens Bank
  • First Community Bank
  • First Horizon Bank
  • First National Bank
  • First National Bank of Pennsylvania
  • First Sentinel Bank
  • First Virginia Community Bank
  • The Freedom Bank of VA
  • Founders Bank
  • Frontier Community Bank
  • Fulton Bank
  • Hanmi Bank
  • HomeTrust Bank
  • HSBC Bank, USA, N.A.
  • Integrity Bank for Business
  • J.P. Morgan Chase, N.A
  • John Marshall Bank
  • Lee Bank & Trust Company
  • Legacy Bank
  • MainStreet Bank
  • Manufacturer & Traders Trust Co. (M&T Bank)
  • MCNB Bank and Trust Co.
  • Metro City Bank
  • Miners Exchange Bank
  • Mountain Commerce Bank
  • MVB Bank
  • The National Bank of Blacksburg
  • National Capital Bank of Washington
  • New Peoples Bank, Inc.
  • Northern Star Credit Union
  • Oak View National Bank
  • Old Point National Bank
  • Pendleton Community Bank
  • Peoples Bank
  • Peoples Bank of Virginia
  • Peoples Community Bank
  • Pinnacle Bank
  • Pioneer Bank
  • PNC Bank, N.A.
  • Powell Valley National Bank
  • Premiere Bank, Inc.
  • Presidential Bank, F.S.B.
  • Primis Bank
  • Renasant Bank
  • Sandy Spring Potomac Bank Division
  • Select Bank
  • Select Bank & Trust
  • Skyline National Bank
  • Signal Financial Federal Credit Union
  • Summit Community Bank
  • SunTrust Bank
  • Surrey Bank and Trust
  • South State Bank
  • Southern Bank and Trust
  • TD Bank, N.A.
  • Taylor Banking, Berlin, MD
  • Towne Bank
  • Truist
  • TruPoint Bank
  • Trustar Bank
  • United Bank
  • VCC Bank
  • Village Bank & Trust Financial Corporation
  • Virginia National Bank
  • Virginia Partners Bank
  • Wells Fargo Bank
  • WesBanco Bank
  • West Town Bank & Trust
  • Woori America Bank