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Eligible Financial Institutions

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Eligible Financial Institutions

Eligible institutions are banks and credit unions that are certified to hold IOLTA/IOTA funds. The interest from those funds, by law, are used to award grants to legal service organizations that provide civil legal services to low-income Connecticut clients. 

CBF IOLTA/IOTA Eligible Financial Institutions

The following banks and credit unions pay interest on IOLTA/IOTA funds, per Connecticut General Statute 51-81c. CBF is grateful for their generosity, which funds equal access to justice. CBF is especially appreciative to Leadership Banks for paying the highest rate on IOLTA/IOTA balances and generously waive all service fees (designated with asterisk*).

  • Ascend Bank
    Bank of America, N.A.*
    Bank of New York Mellon*
    bankHometown
    BankUnited, N.A.*
    Bankwell
    Berkshire Bank*
    Capital Bank, N.A.
    Capital One Bank, N.A.
    Centreville Bank
    Charter Oak Federal Credit Union
    Chelsea Groton Bank
    Citibank, N.A.
    Citizens Bank, N.A.
    Connecticut Community Bank, N.A.
    Dime Bank
    DR Bank*
    Esquire Bank
    Essex Bank

  • Fairfield County Bank Corp.
    Field Point Private Bank & Trust
    First American Trust, FSB
    First Bank of Greenwich
    First County Bank
    Flagstar Bank, N.A.*
    HarborOne Bank
    Ion Bank*
    Ives Bank
    Jewett City Savings Bank
    JP Morgan Chase Bank, N.A.*
    Key Bank*
    Leader Bank, N.A.
    Liberty Bank
    M&T Bank*
    Metropolitan Commercial Bank*
    Milford Bank
    National Iron Bank
    NBT Bank*

  • New Haven Bank*
    Newtown Savings Bank
    Northwest Community Bank
    Nutmeg State Financial Credit Union*
    Patriot National Bank
    PeoplesBank*
    Santander Bank, N.A.*
    Skyline Financial Federal Credit Union
    Stafford Savings Bank
    TD Bank, N.A.
    Thomaston Savings Bank*
    Torrington Savings Bank
    Union Savings Bank
    Washington Trust Company
    Webster Bank, N.A.
    Wells Fargo Bank, N.A.
    Westfield Bank*
    Windsor Federal Savings

Leadership Banks

Eligible institutions that voluntarily provide above-market interest rates on IOLTA/IOTA accounts are recognized as CBF Leadership Banks.

Leadership Banks generate the majority of IOLTA funds, which help low-income Connecticut residents access free civil legal aid for challenges like housing instability, domestic violence, immigration, accessing educational resources, accessing health care resources, and more.

By choosing to invest in access to justice, Leadership Banks have an immeasurable impact within the Connecticut Legal Aid Network. CBF encourages attorneys to bank with these institutions!

If your financial institution wants to advance to Leadership status in CBF's IOLTA/IOTA program, please contact us.

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