Summit State Bank is proud to be an Interest On Lawyers Trust Accounts (IOLTA) Leadership Bank. We provide a higher interest rate than most California banks on our IOLTA accounts, which means California Legal Aid organizations that serve those in need in our community get a larger quarterly grant.
The Legal Services Trust Fund Program identifies Summit State Bank as a Leadership Bank; Summit State Bank agrees to pay a higher rate, currently 1%, on all IOLTA accounts, which helps contribute to the expansion of access to justice in our community.
Since Summit State Bank does not deduct a per account processing fee on each account out of the interest we remit monthly to the State of California, it allows for more funds to be put back into our community for low-income individuals and families that need our help. Supporting our community is especially important during these difficult economic times.
Summit State Bank is acknowledged in Bar Association and Legal Aid newsletters, websites and events. The Legal Services Trust Fund Program will highlight the role of the IOLTA “Leadership Banks” among the legal community and encourage law firms and attorneys to consider IOLTA rates when they open their accounts.
Make a difference today when you open your IOLTA accounts with Summit State Bank!
For more information about opening your IOLTA accounts with Summit State Bank, please call (707) 568-6000.