Attorneys who maintain client trust funds that are large in amount or to be held for a long period of time must deposit these monies in an interest-bearing account in the name of and for the benefit of the client. This includes funds held in any fiduciary capacity in connection with a representation, whether as trustee, agent, guardian, executor or otherwise. Supreme Court Rule 78.5 requires client trust accounts to be established at approved financial institutions that meet certain requirements, such as overdraft reporting to the state bar’s Office of Bar Counsel.

Deposits small in amount or short-term in duration must be maintained in an IOLTA account with an IOLTA eligible financial institution.

Approved Financial Institutions under SCR 78.5

  • American First National Bank
  • Bank of America
  • Bank of Nevada
  • BMO Bank N.A. (formerly Bank of the West)
  • Chase
  • Citibank
  • City National Bank
  • Clark County Credit Union
  • East West Bank
  • Enterprise Bank & Trust
  • Financial Horizons Credit Union
  • First Citizens Bank (formerly CIT)
  • First Foundation Bank
  • First Independent Bank
  • First Savings Bank
  • First Security Bank of Nevada
  • GBank (formerly Bank of George)
  • GenuBank
  • Heritage Bank of Nevada
  • Icon Business Bank
  • Lexicon Bank
  • Meadows Bank
  • MidFirst Bank
  • Nevada Bank and Trust
  • Nevada State Bank
  • Northern Trust Bank
  • Pacific Premier Bank
  • Plumas Bank
  • Royal Business Bank
  • Silver State Schools Credit Union
  • Town & Country Bank
  • Umpqua Bank
  • US Bank*
  • Valley Bank of Nevada (BNLV)
  • Washington Federal Bank
  • Wells Fargo

*Does not accept IOLTA accounts. May accept non-IOLTA accounts.

Important Notice Regarding Financial Institution List

The State Bar of Nevada has not made any determination regarding the financial institutions on this list, other than the criteria established by SCR 78. By creating and posting this list, the State Bar of Nevada does not express any opinion regarding the wisdom of depositing funds with a particular financial institution on the list. No warranty, representation or guaranty as to the financial soundness, business practices, insurance coverage, if any, or other attributes of any financial institution is intended.  Each attorney should exercise reasonably prudent business judgment in selecting a financial institution from this list for the deposit of trust funds.