Choosing a Bank
Why your bank can make a difference for us
Lawyers and title agents can significantly enhance the funds that are available for serving the legal needs of the poor by taking their IOLTA/IOTA accounts to financial institutions that have a favorable policy on yields and service charges.
Statewide, there are average balances of more than $450 million on deposit in banks across the state in IOLTA/IOTA accounts. Yet some banks pay yields of under even 1 percent on the accounts, negatively impacting funds available for legal services programs for the poor.
Please ask your financial institution about the yield they pay on these accounts and encourage them to raise the yield. The policies on service charges and interest rates greatly impact the funds available for legal services throughout the state.
We salute the institutions -- big and small -- that have made a strong commitment to honor the statutory requirements surrounding the IOLTA/IOTA program and urge you to bank at an IOLTA/IOTA-friendly institution.
The best yields at banks that have statewide coverage can be found at Key Bank, US Bank, PNC, Fifth Third and Charter One Bank.
If you do not see the bank that you would like to use to open up an IOLTA/IOTA account on this list, please ask that bank's personnel to contact us so that they may become an eligible IOLTA/IOTA bank.
IOLTA/IOTA-Eligible Depositories
- 1st National Bank (Lebanon)
- 1st National Community Bank (East Liverpool)
- Advantage Bank (Cambridge)
- American Bank (Columbus)
- American National Bank (Parma)
- American Savings Bank, FSB (Portsmouth)
- AmTrust Bank (Cleveland)
- Andover Bank (Andover)
- Antwerp Exchange Bank Company (Antwerp)
- Apple Creek Banking Company (Apple Creek)
- Arlington Bank (Columbus)
- Associated School Employees Credit Union (Youngstown)
- Baltic State Bank (Baltic)
- Bank of America (Charlotte)
- Bank of Maumee (Maumee)
- Benchmark Bank (Gahanna)
- Brookville National Bank (Brookville)
- Buckeye Community Bank (Lorain)
- CenterBank (Milford)
- Century Bank (Parma)
- Century National Bank (Zanesville)
- CFBank (Wellsville)
- Charter One
- Chase
- Cinfed EFCU (Cincinnati)
- CitiBank (O'Fallon)
- Citizens Bank (Flint)
- Citizens Bank (Higginsport)
- Citizens Bank of Ashville (Ashville)
- Citizens Bank of Logan (Logan)
- Citizens Banking Company (Sandusky)
- Citizens National Bank (Dayton)
- Citizens National Bank (McConnelsville)
- Citizens National Bank (Urbana)
- Citizens National Bank (Woodsfield)
- Citizens National Bank of Bluffton (Bluffton)
- Citizens Savings Bank (Martins Ferry)
- City National Bank (Cross Lanes)
- Columbus First Bank, N.A. (Worthington)
- Commerce National Bank (Worthington)
- Commercial & Savings Bank (Millersburg)
- Commerical Savings Bank (Upper Sandusky)
- Commodore Bank (Somerset)
- Commodore Perry Federal Credit Union (Port Clinton)
- Community Bank (Crooksville)
- Community First Bank, N.A. (Forest)
- Consumers National Bank (Minerva)
- Cooper State Bank (Dublin)
- Corn City State Bank (Deshler)
- Cortland Savings & Banking Co. (Cortland)
- Covington Savings & Loan Assn. (Covington)
- Croghan Colonial Bank (Fremont)
- Desco Federal Credit Union (Portsmouth)
- Directions Credit Union (Toledo)
- Dollar Bank
- Eaton National Bank & Trust Co. (Eaton)
- Edon State Bank Co. (Edon)
- Fahey Banking Company (Marion)
- Fairfield National Bank (Lancaster)
- Farmers & Merchants Bank (Caldwell)
- Farmers & Merchants Bank (Germantown)
- Farmers & Merchants State Bank (Archbold)
- Farmers Bank & Savings Company (Pomeroy)
- Farmers Citizens Bank (Bucyrus)
- Farmers National Bank of Canfield (Canfield)
- Farmers State Bank (West Salem)
- Fidelity Federal Savings & Loan Assn. (Delaware)
- Fifth Third
- First Bank of Ohio (Tiffin)
- First Bexley Bank (Bexley)
- First Choice American Community FCU (Weirton)
- First Citizens National Bank (Upper Sandusky)
- First City Bank (Columbus)
- First Community Bank (Columbus)
- First Federal Bank of the Midwest (Defiance)
- First Federal Community Bank (Bucyrus)
- First Federal Community Bank (Dover)
- First Federal of Lakewood (Lakewood)
- First Federal Savings & Loan (Delta)
- First Federal Savings & Loan (Lorain)
- First Federal Savings & Loan (Newark)
- First Financial Bank (Hamilton)
- First Knox National Bank (Mt. Vernon)
- First Merchants Bank (Muncie)
- First National Bank (Bellevue)
- First National Bank (Dennison)
- First National Bank (Orrville)
- First National Bank (Nelsonville)
- First National Bank (New Holland)
- First National Bank (Pandora)
- First National Bank of Blanchester (Blanchester)
- First National Bank of Germantown (Germantown)
- First National Bank of McConnelsville (McConnelsville)
- First National Bank of New Bremen (New Bremen)
- First National Bank of Pennsylvania (Hermitage)
- First National Bank of Waverly (Waverly)
- First National Bank of Wellston (Wellston)
- First Place Bank (Warren)
- First State Bank of Adams Co. (Winchester)
- FirstMerit
- Fort Jennings State Bank (Fort Jennings)
- Foundation Savings Bank (Cincinnati)
- Galion Building & Loan (Galion)
- Genoa Banking Company (Genoa)
- Greenville National Bank (Greenville)
- Guardian Savings Bank (Cincinnati)
- Guernsey Bank (Columbus)
- Harrison Building & Loan (Harrison)
- Heartland Bank (Gahanna)
- Henry County Bank (Napoleon)
- Hocking Valley Bank (Athens)
- Home City Federal Savings Bank (Springfield)
- Home Federal Savings & Loan Assn. (Niles)
- Home Loan Savings Company (Coshocton)
- Home Savings & Loan Company (Youngstown)
- Home Savings Bank (Kent)
- Huntington National Bank (Columbus)
- Independence Bank (Independence)
- Insight Bank (Columbus)
- Kemba Cincinnati Credit Union (Cincinnati)
- Key Bank
- Killbuck Savings Bank Company (Millersburg)
- Kingston National Bank (Kingston)
- Lake National Bank (Mentor)
- Lebanon Citizens National Bank (Lebanon)
- Leesburg Federal Savings Bank (Leesburg)
- Liberty Bank, NA (Beachwood)
- Liberty Federal Savings Bank (Ironton)
- Liberty National Bank (Ada)
- Liberty Savings Bank, F.S.B. (Wilmington)
- Lorain National Bank (Lorain)
- MainSource Bank of Ohio (Troy)
- Mechanics Savings Bank
- Mercer Savings Bank (Celina)
- Merchants National Bank (Hillsboro)
- Metamora State Bank (Sylvania)
- Middlefield Banking Company (Middlefield)
- Midwest Community Federal Credit Union (Defiance)
- Milton Banking Company (Jackson)
- Minster Bank (Minster)
- Monroe Federal Savings & Loan (Tipp City)
- Morgan Bank, N.A. (Hudson)
- Mutual Federal Savings Bank (Sidney)
- National Bank & Trust Company (Wilmington)
- National Bank of Adams County (West Union)
- NCB Savings Bank (Hillsboro)
- New Carlisle Federal Savings Bank (New Carlisle)
- North Akron Savings Bank (Akron)
- North Side Bank & Trust (Cincinnati)
- North Valley Bank (Zanesville)
- Northwest Savings Bank (Warren)
- Ohio Commerce Bank (Beachwood)
- Ohio Heritage Bank (Coshocton)
- Ohio River Bank (Ironton)
- Ohio State Bank (Marion)
- Ohio University Credit Union (Athens)
- Ohio Valley Bank Company (Gallipolis)
- Old Fort Banking Company (Old Fort)
- Osgood State Bank (Osgood)
- Park National Bank (Milford)
- Park National Bank (Newark)
- Park View Federal Savings Bank (Solon)
- Pataskala Banking Company (Pataskala)
- People's Bank (Gambier)
- Peoples Bank (Marietta)
- People's Bank Company (Coldwater)
- Peoples First Savings Bank (Mason)
- Peoples National Bank (Mt. Pleasant)
- People's National Bank (New Lexington)
- PNC Bank
- Portage Community Bank (Ravenna)
- Premier Bank & Trust (Wooster)
- Progressive Bank (Wheeling)
- Richland Bank (Mansfield)
- Richwood Banking Company (Richwood)
- Ripley Federal Savings & Loan Association (Ripley)
- River Valley Credit Union, Inc. (Miamisburg)
- Riverhills Bank (New Richmond)
- Second National Bank (Greenville)
- Security National Bank & Trust (Springfield)
- Settlers Bank (Marietta)
- Signature Bank (Toledo)
- Somerville National Bank (Somerville)
- Standing Stone National Bank
- State Bank & Trust Company (Defiance)
- Stock Yards Bank & Trust (Louisville)
- Superior Federal Credit Union (Lima)
- Sutton Bank (Williard)
- The Private Bank (Cleveland)
- The Savings Bank (Circleville)
- Tiffin St. Joseph Federal Credit Union (Tiffin)
- Twin Valley Bank (West Alexandria)
- U.S. Bank
- Union Banking Co. (Columbus Grove)
- Union Savings Bank (Cincinnati)
- United Bank (Huntington)
- United Bank, NA (Bucyrus)
- Unity National Bank (Piqua)
- Valley Savings Bank (Cuyahoga Falls)
- Vinton County National Bank (McArthur)
- Waterford Bank NA (Toledo)
- Wayne Savings Community Bank (Wooster)
- Wells Fargo
- Wesbanco
- Western Reserve Bank (Medina)
- Westfield Bank (Westfield Center)
- Wilmington Savings Bank (Wilmington)
OLAF staff would be happy to answer questions about IOLTA/IOTA accounts. Please contact us by email, via our Contact Us page or call 614-752-8919 for details.