Prime Partner Program: "Banking on Justice"




The Prime Partner program recognizes banks that support access to justice for low income Minnesotans by paying higher interest on IOLTA accounts than is legally required. Currently, Prime Partner banks pay a net interest rate of 0.5%. 

Since the recession began in 2006, and with the continuation of historically low interest rates, Minnesota has experienced a catastrophic plunge in IOLTA revenue, from over $3 million annually to under $322,000. The loss of IOLTA revenue translates into millions less in funding for civil legal services and pro bono programs, which in turn means fewer resources to address the legal issues of Minnesota’s growing population of low income and disadvantaged people. Paying 0.5% in IOLTA account interest will translate into tens of thousands in additional funding towards meeting the legal needs of legal services’ clients.

Watch an ABA video on the history of IOLTA

Prime Partner Banks

The MSBA salutes these banks for their commitment to their communities. The MSBA urges lawyers to use these banks for their IOLTA accounts and other business needs.

Community Bank (Amboy, Mankato, Vernon Center) (507) 625-1551

Riverland Bank (Jordan) (952) 492-2750

Western Bank (Metro Area) *formerly Stonebridge Bank*

John Uremovich (612) 238-4810
Neesha Neumann  (612) 238-4804

Unity Bank North(Red Lake Falls, Mentor)

Janet Wiskow (218) 253-7001  

Do you bank at a Prime Partner bank or want your bank to join the program? Contact Sherri Knuth, Access to Justice Director, to get involved.