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Prime Partner Program: "Banking on Justice"




The Prime Partner program recognizes banks that support justice for all 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 2008 recession, Minnesota has experienced a catastrophic plunge in IOLTA revenue. Low interest rates have cut IOLTA revenue by $3.4 million per year from the peak in 2007.

The loss of IOLTA revenue translates to inadequate funding for civil legal services and pro bono programs, which help people meet their families' basic needs for shelter, safety and health. 

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)  

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

Unity Bank North(Red Lake Falls, Mentor)
Janet Wiskow (218) 253-7001  

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