Las Vegas, NV, January 08, 2019 --(PR.com
)-- Meadows Bank, Member FDIC, announced that it has raised the interest rate paid on IOLTA Funds (Lawyers Trust Accounts). The earned interest from the Interest on Lawyers Trust Account (IOLTA) program is an important source of funding for the organizations supported by the Nevada Bar Foundation, helping to deliver access to justice for Nevada’s low income population.
“Meadows Bank is pleased to help financially support legal aid organizations, that annually assist more than 34,000 Nevadans that are unable to pay for legal services, simply by raising the rate we pay on Lawyer Trust Accounts,” said Arvind Menon, President and CEO.
The majority of Nevada’s IOLTA funds are awarded to organizations with programs that provide direct, legally-related services to the poor, victims of domestic violence, senior citizens, children protected by or in need of protection by the juvenile court, and other persons who may be denied access to justice for other reasons.
“We would like to thank Meadows Bank for making the decision to increase the rate paid on IOLTA funds, thereby helping thousands of Nevada households gain access to justice,” said Constance Akridge, President, Board of Trustees, Nevada Bar Foundation. “This will significantly assist our legal aid organizations that rely on IOLTA funds to help them operate.”
About Meadows Bank
Meadows Bank is a full service community bank committed to valued partnerships with our clients. Our relationship-based approach to banking focuses on making decisions locally, close to our clients. The bank offers a full suite of lending and deposit products and services. Meadows Bank was founded in 2008 in Las Vegas, Nevada and currently has branches in Las Vegas, NV; Henderson, NV; Reno, NV; Pahrump, NV and Phoenix, AZ. Loan production offices are located in Las Vegas, NV; Salt Lake City, UT; Phoenix, AZ; Los Angeles, CA; Sacramento, CA; Denver, CO; Dallas, TX and Portland, OR. For more information on the bank and its products and services please visit our website at www.meadowsbank.bank.
Media Contact: Jennifer Hall, firstname.lastname@example.org, (702) 471-2004