Residual or cy pres funds from class actions provide critical financial support to the Massachusetts IOLTA Committee and the legal aid organizations and access to justice projects it fund
IOLTA BLOG
Silicon Valley Bank now a division of First Citizens Bank; First Republic Bank acquired by JP Morgan Chase.
Read more: Updates on Silicon Valley Bank and First Republic Bank
Given the recent news of issues facing the banking industry and inquiries from concerned lawyers, the following is information that may be helpful in understanding FDIC coverage for IOLTA accounts and ways to maximize that coverage.
On Sunday, March 12th in a joint release the FDIC, Federal Reserve Board of Governments, and the Department of the Treasury announced
MAIOLTA.ORG
The Massachusetts IOLTA Committee
18 Tremont Street, Suite1010
Boston, MA 02108-2316
- Email: questions@maiolta.org
- Phone: (617) 723-9093
- Fax: (617) 367-8815
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