§ 91.173. Approval and termination of Eligible Institutions.
(a) Approval. Enforcement Rule 221(h) provides that an Eligible Institution shall be approved as a depository for Trust Accounts if it shall file with the Board an agreement in a form approved by the Board in which the Eligible Institution agrees to comply with IOLTA Regulations governing approved Eligible Institutions and to make a prompt report to the Lawyers Fund for Client Security Board under the circumstances described in § 91.174 (relating to reports of overdrafts). Upon receiving a signed agreement from an Eligible Institution as required by this subsection, the Board shall report that fact to the Supreme Court with a recommendation that the Court enter an order approving the Eligible Institution as a depository for Trust Accounts.
(b) Termination of approval. Enforcement Rule 221(k) provides that a failure on the part of an Eligible Institution to make a report to the Lawyers Fund for Client Security Board called for by this subchapter or to comply with IOLTARegulations governing approved Eligible Institutions may be cause for termination of its approval by the Supreme Court, but such failure shall not, absent gross negligence, give rise to a cause of action by any person who is proximately caused harm thereby. Upon learning that a financial institution has failed to make a report called for by this subchapter, the Board shall report that fact to the Supreme Court with a recommendation that the Court enter an order terminating the approval of the financial institution as a depository for Trust Accounts.
(c) List of approved Eligible Institutions. The Board will periodically publish in the Pennsylvania Bulletin a list of Eligible Institutions that are approved at the time as depositories for Trust Accounts under this subchapter. The current list shall also be published in the Pennsylvania Code as an appendix to this section.
Source
The provisions of this § 91.173 amended August 5, 2005, effective August 6, 2005, 35 Pa.B. 4301; amended May 29, 2009, effective May 30, 2009, 39 Pa.B. 2687; amended February 2, 2018, effective 30 days after publication, 48 Pa.B. 727. Immediately preceding text appears at serial page (389091).
APPENDIX A
FINANCIAL INSTITUTIONS APPROVED AS DEPOSITORIES OF TRUST ACCOUNTS OF ATTORNEYS
| Bank Code A. |
| 595 | Abacus Federal Savings Bank |
| 2 | ACNB Bank |
| 613 | Allegent Community Federal Credit Union |
| 375 | Altoona First Savings Bank |
| 376 | Ambler Savings Bank |
| 532 | AMERICAN BANK (PA) |
| 615 | Americhoice Federal Credit Union |
| 116 | AMERISERV FINANCIAL |
| 648 | Andover Bank (The) |
| 377 | Apollo Trust Company
|
| Bank Code B. |
| 558 | Bancorp Bank (The) |
| 485 | Bank of America, NA |
| 662 | BANK OF BIRD-IN-HAND |
| 415 | Bank of Landisburg (The) |
| 596 | Bank of Princeton (The) |
| 664 | BankUnited, NA |
| 501 | BELCO Community Credit Union |
| 673 | BENCHMARK FEDERAL CREDIT UNION |
| 652 | Berkshire Bank |
| 663 | BHCU |
| 5 | BNY Mellon, NA |
| 392 | Brentwood Bank |
| 495 | Brown Brothers Harriman Trust Co., NA
|
| Bank Code C. |
| 654 | CACL Federal Credit Union |
| 618 | Capital Bank, NA |
| 675 | CENTRE 1ST BANK, A DIVISION OF OLD DOMINION NATIONAL BANK |
| 394 | CFS BANK |
| 623 | Chemung Canal Trust Company |
| 599 | Citibank, NA |
| 238 | Citizens & Northern Bank |
| 561 | Citizens Bank, NA |
| 206 | Citizens Savings Bank |
| 576 | Clarion County Community Bank |
| 591 | Clearview Federal Credit Union |
| 23 | CNB Bank |
| 223 | Commercial Bank & Trust of PA |
| 21 | Community Bank (PA) |
| 371 | Community Bank, NA (NY) |
| 132 | Community State Bank of Orbisonia |
| 380 | County Savings Bank |
| 536 | Customers Bank
|
| Bank Code D. |
| 339 | Dime Bank (The) |
| 27 | Dollar Bank, FSB
|
| Bank Code E. |
| 500 | Elderton State Bank |
| 567 | Embassy Bank for the Lehigh Valley |
| 541 | Enterprise Bank |
| 28 | Ephrata National Bank |
| 601 | Esquire Bank, NA |
| 340 | ESSA Bank & Trust
|
| Bank Code F. |
| 629 | 1st Colonial Community Bank |
| 158 | 1st Summit Bank |
| 31 | F&M Trust Company—Chambersburg |
| 658 | Farmers National Bank of Canfield |
| 34 | Fidelity Deposit & Discount Bank (The) |
| 583 | Fifth Third Bank |
| 661 | First American Trust, FSB |
| 643 | First Bank |
| 174 | First Citizens Community Bank |
| 539 | First Commonwealth Bank |
| 674 | First Commonwealth Federal Credit Union |
| 504 | First Federal S & L Association of Greene County |
| 525 | First Heritage Federal Credit Union |
| 42 | First Keystone Community Bank |
| 51 | First National Bank & Trust Company of Newtown (The) |
| 48 | First National Bank of Pennsylvania |
| 426 | First Northern Bank & Trust Company |
| 604 | First Priority Bank, a division of Mid Penn Bank |
| 592 | FIRST RESOURCE BANK |
| 657 | First United Bank & Trust |
| 408 | First United National Bank |
| 151 | Firstrust Savings Bank |
| 416 | Fleetwood Bank |
| 647 | FORBRIGHT BANK |
| 291 | Fox Chase Bank |
| 241 | Franklin Mint Federal Credit Union |
| 639 | Freedom Credit Union |
| 58 | Fulton Bank, NA
|
| Bank Code G. |
| 499 | Gratz Bank (The) |
| 498 | Greenville Savings Bank
|
| Bank Code H. |
| 244 | Hamlin Bank & Trust Company |
| 362 | Harleysville Savings Bank |
| 363 | Hatboro Federal Savings |
| 463 | Haverford Trust Company (The) |
| 606 | Hometown Bank of Pennsylvania |
| 68 | Honesdale National Bank (The) |
| 605 | Huntington National Bank (The) |
| 608 | Hyperion Bank
|
| Bank Code I. |
| 669 | Industrial Bank |
| 365 | InFirst Bank |
| 668 | Inspire FCU |
| 557 | Investment Savings Bank |
| 526 | Iron Workers Savings Bank
|
| Bank Code J. |
| 70 | Jersey Shore State Bank |
| 127 | Jim Thorpe Neighborhood Bank |
| 488 | Jonestown Bank & Trust Company |
| 191 | Journey Bank |
| 659 | JPMorgan Chase Bank, NA |
| 72 | JUNIATA VALLEY BANK (THE)
|
| Bank Code K. |
| 651 | KeyBank NA |
| 414 | Kish Bank
|
| Bank Code L. |
| 78 | Luzerne Bank
|
| Bank Code M.
|
| 361 | M&T Bank |
| 510 | Marion Center Bank |
| 387 | Marquette Savings Bank |
| 367 | Mauch Chunk Trust Company |
| 511 | MCS (Mifflin County Savings) Bank |
| 641 | Members 1st Federal Credit Union |
| 555 | Mercer County State Bank |
| 192 | Merchants Bank of Bangor |
| 671 | Merchants Bank of Indiana |
| 610 | Meridian Bank |
| 294 | Mid Penn Bank |
| 677 | Middletown Valley Bank |
| 276 | MIFFLINBURG BANK & TRUST COMPANY |
| 457 | Milton Savings Bank
|
| Bank Code N. |
| 433 | National Bank of Malvern |
| 168 | NBT Bank, NA |
| 347 | Neffs National Bank (The) |
| 434 | NEW TRIPOLI BANK |
| 15 | NexTier Bank, NA |
| 666 | Northern Trust Co. |
| 439 | Northumberland National Bank (The) |
| 93 | Northwest Bank
|
| Bank Code O. |
| 653 | OceanFirst Bank |
| 489 | OMEGA Federal Credit Union |
| 94 | Orrstown Bank
|
| Bank Code P. |
| 598 | PARKE BANK |
| 40 | Penn Community Bank |
| 540 | PennCrest Bank |
| 419 | Pennian Bank |
| 447 | Peoples Security Bank & Trust Company |
| 99 | PeoplesBank, a Codorus Valley Company |
| 556 | Philadelphia Federal Credit Union |
| 448 | Phoenixville Federal Bank & Trust |
| 665 | Pinnacle Bank |
| 79 | PNC Bank, NA |
| 449 | Port Richmond Savings |
| 667 | Premier Bank |
| 354 | Presence Bank |
| 451 | Progressive-Home Federal Savings & Loan Association |
| 637 | Provident Bank |
| 491 | PS Bank
|
| Bank Code Q. |
| 107 | QNB Bank |
| 560 | Quaint Oak Bank
|
| Bank Code R. |
| 452 | Reliance Savings Bank
|
| Bank Code S. |
| 153 | S & T Bank |
| 316 | Santander Bank, NA |
| 460 | Second Federal S & L Association of Philadelphia |
| 646 | Service 1st Federal Credit Union |
| 458 | Sharon Bank |
| 462 | Slovenian Savings & Loan Association of Franklin-Conemaugh |
| 486 | SOMERSET TRUST COMPANY |
| 633 | SSB Bank |
| 122 | Susquehanna Community Bank
|
| Bank Code T. |
| 638 | 3Hill Credit Union |
| 143 | TD Bank, NA |
| 656 | TIOGA FRANKLIN SAVINGS BANK |
| 182 | Tompkins Community Bank |
| 660 | Top Tier FCU |
| 577 | Traditions Bank |
| 609 | Tristate Capital Bank |
| 672 | Truist Bank |
| 640 | TruMark Financial Credit Union |
| 467 | Turbotville National Bank (The)
|
| Bank Code U. |
| 483 | UNB Bank |
| 481 | Union Building and Loan Savings Bank |
| 634 | United Bank, Inc. |
| 472 | United Bank of Philadelphia |
| 475 | United Savings Bank |
| 600 | Unity Bank |
| 232 | Univest Bank & Trust Co.
|
| Bank Code V. |
| 611 | Victory Bank (The)
|
| Bank Code W. |
| 119 | Washington Financial Bank |
| 121 | Wayne Bank |
| 676 | Webster Bank |
| 631 | WELLS FARGO BANK, NA |
| 553 | WesBanco Bank, Inc. |
| 494 | West View Savings Bank |
| 473 | Westmoreland Federal S & L Association |
| 476 | William Penn Bank |
| 272 | Woodlands Bank |
| 573 | Woori America Bank |
| 630 | WSFS (Wilmington Savings Fund Society), FSB
|
Bank Code X.
Bank Code Y.
Bank Code Z.
PLATINUM LEADER BANKS
The HIGHLIGHTED ELIGIBLE INSTITUTIONS are Platinum Leader Banks—Institutions that go above and beyond eligibility requirements to foster the IOLTA Program. These Institutions pay a net yield at the higher of 1% or 75 percent of the Federal Funds Target Rate on all PA IOLTA accounts. They are committed to ensuring the success of the IOLTA Program and increased funding for legal aid.
IOLTA EXEMPTION
Exemptions are not automatic. If you believe you qualify, you must apply by sending a written request to the IOLTA Board’s executive director: 601 Commonwealth Avenue, Suite 2400, P.O. Box 62445, Harrisburg, PA 17106-2445. If you have questions concerning IOLTA or exemptions from IOLTA, please visit their website at www.paiolta.org or call the IOLTA Board at (717) 238-2001 or (888) PAIOLTA.
FINANCIAL INSTITUTIONS WHO HAVE FILED AGREEMENTS TO BE APPROVED AS A DEPOSITORY OF TRUST ACCOUNTS AND TO PROVIDE DISHONORED CHECK REPORTS IN ACCORDANCE
WITH RULE 221, Pa.R.D.E.
| New |
| 676 | Webster Bank |
| 677 | Middletown Valley Bank
|
| Name Change |
| 175 | FNCB Bank—Change to 447 Peoples Security Bank & Trust Company |
| 584 | Parkview Community Federal Credit Union—Change to 591 Clearview Federal Credit Union
|
Platinum Leader Change
Correction
Removal
(Editor’s Note: Appendix A (relating to financial institutions approved as depositories of trust accounts of attorneys) is codified by the Board under 204 Pa. Code § 91.173(c) (relating to approval and termination of eligible institutions).)
Source
The provisions of this Appendix A adopted December 22, 1995, effective December 23, 1995, 25 Pa.B. 5916; amended April 25, 1997, effective April 26, 1997, 27 Pa.B. 2038; amended April 24, 1998, effective April 25, 1998, 28 Pa.B. 1933; amended April 16, 1999, effective April 17, 1999, 29 Pa.B. 2021; amended May 5, 2000, effective May 6, 2000, 30 Pa.B. 2224; amended May 3, 2002, effective May 4, 2002, 32 Pa.B. 2212; amended April 25, 2003, effective April 26, 2003, 33 Pa.B. 2060; amended April 23, 2004, effective April 24, 2004, 34 Pa.B. 2168; amended April 28, 2005, effective April 29, 2005, 35 Pa.B. 2625; amended April 28, 2006, effective April 29, 2006, 36 Pa.B. 1986; amended April 27, 2007, effective April 28, 2007, 37 Pa.B. 1963; amended April 25, 2008, effective April 26, 2008, 38 Pa.B. 1933; amended May 1, 2009, effective May 2, 2009, 39 Pa.B. 2201; amended April 30, 2010, effective May 1, 2010, 40 Pa.B. 2258; amended April 22, 2011, effective April 23, 2011, 41 Pa.B. 2119; amended April 20, 2012, effective April 21, 2012, 42 Pa.B. 2189; amended April 5, 2013, effective April 6, 2013, 43 Pa.B. 1843; amended April 11, 2014, effective April 12, 2014, 44 Pa.B. 2216; amended March 27, 2015, effective March 28, 2015, 45 Pa.B. 1497; amended April 15, 2016, effective April 16, 2016, 46 Pa.B. 1899; amended January 30, 2018, 48 Pa.B. 978; amended May 1, 2018, 48 Pa.B. 2941; amended August 8, 2018, 48 Pa.B. 5352; amended November 6, 2018, 48 Pa.B. 7307; amended February 8, 2019, 49 Pa.B. 838; amended June 15, 2019, 49 Pa.B. 3074; amended August 8, 2019, 49 Pa.B. 4812; amended November 7, 2019, 49 Pa.B. 6951; amended February 10, 2020, 50 Pa.B. 1240; amended May 14, 2020, 50 Pa.B. 2737; amended August 10, 2020, 50 Pa.B. 4236; amended November 6, 2020, 50 Pa.B. 6662; amended February 8, 2021, 51 Pa.B. 910; amended May 6, 2021, 51 Pa.B. 2795; amended September 4, 2021, 51 Pa.B. 5600; amended November 17, 2021, 51 Pa.B. 7460; amended February 9, 2022, 52 Pa.B. 1239; amended May 5, 2022, 52 Pa.B. 2955; amended August 5, 2022, 52 Pa.B. 5127; amended November 16, 2022, 52 Pa.B. 7376; amended February 7, 2023, 53 Pa.B. 936; amended May 19, 2023, 53 Pa.B. 2730; amended August 11, 2023, 53 Pa.B. 4971; amended November 24, 2023, 53 Pa.B. 7287; amended February 23, 2024, 54 Pa.B. 959; amended May 17, 2024, 54 Pa.B. 2771; amended August 16, 2024, 54 Pa.B. 5232. Immediately preceding text appears at serial pages (419664) to (419671).
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