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Prime Partners
Prime Partners, listed below, are IOLTA participating financial institutions that go above and beyond IOLTA participation requirements by choosing to pay interest rates on IOLTA accounts that are at least 50 basis points (0.50 percent) higher than required under the Wisconsin Supreme Court’s IOLTA interest rate comparability requirement. The additional interest results in more funding for civil legal aid in communities throughout Wisconsin and, in return, Prime Partners receive special recognition from WisTAF.
Alliance Bank (New Ulm)
BLC Community Bank
First American Bank, NA
First Bank Financial Centre
First Business Bank (Madison)
First Business Bank (Milwaukee)
First National Bank of Hartford
Harris N.A.
Horicon Bank
Integrity First Bank
Mound City Bank
Peoples State Bank (Prairie du Chien)
PNC Bank NA
The PrivateBank
River Valley Bank
Spring Bank
State Bank Financial
Since September 2007, the Federal Reserve has lowered the Federal Funds Target Rate from 5.25% to a range of 0.00% to 0.25%. Because the rates on many accounts are linked to the Federal Funds Target Rate, IOLTA revenue has decreased dramatically during that period. Attorneys and law firms can help sustain IOLTA and civil legal aid to low-income Wisconsinites by doing one of the following:
1. Bank at a Prime Partner financial institution.
2. If you do business with a non-Prime Partner, encourage the financial institution to become a Prime Partner by contacting the financial institution directly.
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