The IOLTA serves as an interest-bearing account for clients' trust or escrow funds, as required by the Rules of Professional Conduct in Louisiana, Mississippi, and Florida. Earned interest is set aside and sent to support the Bar Associations of each state.
If any miscellaneous fees apply to the IOLTA, those will be deducted from interest earnings before any funds are remitted to the Bar Associations or Foundations of the state where the account is housed. Attorneys turn to First Bank and Trust for an IOLTA option that serves them, their clients and the bar.
For a complete description of our service charges and fees, please review our Business Fee Schedule.
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