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Attorney Trust Accounts


A lawyer may end up with client and third party funds in his or her possession in a variety of ways. Probably the most common way is for a lawyer to receive a settlement or judgment check made payable to the lawyer, his or her client, and a subrogation lien holder in a personal injury action. Lawyers also end up with client and third party funds in other ways. In a divorce, a lawyer may be asked by the court to sell the real estate and hold the funds from the sale of the real estate until the court makes its final decision on the property settlement. A lawyer may also ask a client to give him an advance on the lawyer’s fee and bill against this advance on an hourly basis. Another common way for lawyers to end up with client funds is for the lawyer to ask a client to give him or her an advance to pay the expenses of litigating a case.

These examples are not a comprehensive list of how a lawyer ends up with client and/or third party funds. There are numerous other ways that a lawyer may end up with client and/or third party funds in his or her possession. Because of their duties as fiduciaries, lawyers must treat these funds with special care. This special care begins with lawyers properly designating funds as belonging to the lawyer, the client, and to a third party. Lawyers’ fiduciary duties also require lawyers to properly maintain client funds and third party funds separate from the lawyer’s funds in a trust account. Lawyers’ fiduciary duties are spelled out in several rules.

Learn more about managing an attorney trust account in our continuing legal education guide: Trust Account Management: Handling Client And Third Party Funds

Trust Account Forms

Approved Financial Institutions for Trust Accounts

Name of InstitutionCity (Principal Office)State (Principal Office)Approved on
A.G. Edwards Inc.St. LouisMO9/19/2005
Alerus Financial, N.A.Grand ForksND6/12/2017
Alliance BankFrancesvilleIN1/27/2006
Ameriana Bank & Trust, SBNew CastleIN10/5/2005
Bank of AmericaEgg Harbor CityNJ11/3/2008
Bank of GenevaGenevaIN10/7/2005
Banterra BankEldoradoIL11/13/2015
Bar-Cons Federal Credit UnionColumbusIN10/7/2005
Beacon Credit UnionWabashIN10/17/2005
Bedford Federal Savings BankBedfordIN10/25/2006
Bippus State BankHuntingtonIN1/13/2006
Bloom BankBloomfieldIN11/24/2015
BMO Harris Bank N.A.MilwaukeeWI2/24/2016
Boonville Federal Savings BankBoonvilleIN10/27/2015
Branch Banking & Trust CompanyLumbertonNC11/2/2015
Campbell & Fetter BankKendallvilleIN10/9/2015
Carrollton BankCarrolltonIL12/4/2007
Centier BankMerrillvilleIN8/29/2005
Centra Credit UnionColumbusIN5/9/2018
Central National Bank & Trust CompanyAtticaIN8/27/2005
Centurion Federal Credit UnionEvansvilleIN10/14/2005
CF BankWorthingtonOH5/24/2022
CIBM BankChampaignIL7/5/2023
Choice Financial GroupGolden ValleyMN2/2/2021
Citizens BankMooresvilleIN10/27/2015
Citizens Exchange BankFairmountIN10/9/2015
Citizens Financial BankMunsterIN9/29/2005
Citizens State BankNew CastleIN9/19/2005
Commerce BankEvansvilleIN1/22/2016
Community First BankCorydonIN9/27/2005
Community First Bank & TrustHamiltonOH2/14/2006
Community First Bank of IndianaKokomoIN7/23/2019
Community Link Federal Credit UnionHuntingtonIN11/15/2005
Community State BankRoyal CenterIN9/4/2019
Crossroads BankWabashIN2/8/2016
Dearborn Savings AssociationLawrenceburgIN1/30/2006
DeMotte State BankDeMotteIN11/9/2015
Elkhart Community BankElkhartIN9/9/2005
Encompass Federal Credit UnionTiptonIN4/1/2019
Esquire BankGarden CityNY9/14/2009
Evansville Commerce BankEvansvilleIN8/14/2006
Farmers & Mechanics Federal Savings & Loan Assn.BloomfieldIN11/9/2015
Farmers and Merchants BankBoswellIN10/14/2005
Farmers and Merchants State BankArchboldOH5/15/2008
Farmers BankFrankfortIN9/22/2005
Farmers Bank of MiltonMiltonKY2/21/2012
Farmers State BankBrookstonIN10/17/2005
Farmers State BankLaGrangeIN9/19/2005
Farmers State BankMentoneIN11/16/2015
Farmers State BankNew MadisonOH3/29/2022
FCN Bank, National AssociationBrookvilleIN9/29/2005
Field & Main BankHendersonKY2/24/2021
Fifth Third BankMadisonvilleOH11/24/2015
First Bank of BerneBerneIN10/17/2005
First Bank Richmond, NARichmondIN12/5/2005
First Farmers Bank & TrustConverseIN2/13/2006
First Federal Bank of the MidwestDefianceOH7/11/2007
First Federal Savings & Loan Assn.GreensburgIN9/2/2005
First Federal Savings BankAngolaIN12/7/2015
First Federal Savings BankHuntingtonIN1/4/2016
First Federal Savings BankRochesterIN9/1/2005
First Federal Savings BankWabashIN9/19/2005
First Federal Savings Bank – Main OfficeEvansvilleIN12/10/2015
First Financial BankCincinnatiOH1/8/2016
First Financial Bank, NATerre HauteIN9/19/2005
First Harrison BankPalmyra  IN1/4/2016
First Internet Bank of IndianaIndianapolisIN4/14/2015
First Merchants Bank NAMuncieIN12/10/2015
First Midwest BankJolietIL1/28/2016
First National BankCloverdaleIN9/27/2005
First National Bank of CarmiMt. VernonIN12/22/2015
First National Bank of CarmiCarmiIL11/9/2016
First National Bank of IllinoisLansingIL10/24/2006
First National Bank of MontereyMontereyIN12/8/2015
First National Bank of OdonOdonIN9/1/2005
First Savings BankClarksvilleIN12/11/2015
First Savings Bank of HegewsichChicagoIL9/11/2013
First Security Bank, Inc.OwensboroIN12/11/2015
First Source BankSouth BendIN11/15/2005
First State Bank of MiddleburyMiddleburyIN1/4/2016
First State Bank of PorterPorterIN1/20/2016
First Vincennes Savings BankVincennesIN1/4/2012
Flagstar Bank, FSBJacksonMI10/2/2018
Fountain Trust CompanyCovingtonIN10/24/2005
Fowler State BankFowlerIN12/22/2015
Friendship State BankFriendshipIN1/12/2016
G.W. Jones Exchange BankMarcellusMI1/4/2016
Garrett State BankGarrettIN10/24/2005
General Electric Credit UnionCincinnatiOH2/4/2019
German American BankJasperIN1/4/2016
Goshen Community BankGoshenIN12/16/2005
Grant County State BankSwayzeeIN1/20/2016
Greenfield Banking CompanyGreenfieldIN11/15/2005
Harrison Building and LoanHarrisonOH10/24/2005
Hendricks County Bank & Trust CompanyBrownsburgIN10/31/2005
Hicksville BankHicksvilleOH1/4/2013
Home Bank SBMartinsvilleIN2/1/2016
Home National Bank of ThorntownThorntownIN9/19/2005
Hoosier Heartland State BankCrawfordsvilleIN1/21/2016
Hoosier Trust CompanyIndianapolisIN11/30/2005
Horizon BankMichigan CityIN1/20/2016
Huntington National BankColumbusOH12/27/2005
iAB Financial BankFort WayneIN1/12/2016
Indiana Business BankIndianapolisIN10/14/2005
Indiana Members Credit UnionIndianapolisIN1/25/2016
Interra Credit UnionGoshenIN9/22/2008
Irwin Union Bank & TrustColumbusIN1/9/2006
Jackson County BankSeymourIN10/14/2005
JPMorgan Chase Bank, NANew YorkNY2/14/2006
Kentland BankKentlandIN9/27/2005
Key BankBrooklynOH2/3/2006
Knisely BankButlerIN10/14/2005
Lafayette Community BankLafayetteIN2/1/2016
Lake City BankWarsawIN11/22/2005
LaPorte Savings BankLaPorteIN11/2/2005
Legence BankEldoradoIL2/1/2016
LNB Community BankLynnvilleIN2/1/2016
Logansport Savings BankLogansportIN2/2/2016
Luminate BankMinnetonkaMN5/9/2023
M&I Marshall & Ilsley BankBrookfieldWI3/4/2008
Madison County Federal Credit UnionAndersonIN12/1/2005
MainSource BankCrawfordsvilleIN12/4/2006
MainSource BankGreensburgIN11/21/2005
MainSource BankHobartIN12/4/2006
MainSource Bank of ILKankakeeIL10/7/2005
Marine BankIndianapolisIN1/9/2017
Merchants Bank & Trust CompanyWest HarrisonIN10/20/2005
MFB FinancialMishawakaIN9/27/2005
Mid-Southern Savings BankSalemIN3/2/2016
Mutual BankMuncieIN9/18/2008
Mutual Savings BankFranklinIN11/8/2005
Napoleon State BankNapoleonIN10/17/2005
National Bank of IndianapolisIndianapolisIN2/11/2016
New Washington State BankJeffersonvilleIN11/22/2005
North Salem State BankNorth SalemIN10/20/2005
Northwest BankWarrenPA6/18/2020
Notre Dame Federal Credit UnionNotre DameIN3/20/2019
Old National BankEvansvilleIN12/27/2016
Old Plank Trail Community BankMokenaIL9/18/2013
Optimum BankFt. LauderdaleFL1/19/2022
Ossian State BankOssianIN11/21/2005
Owen County State BankSpencerIN10/14/2005
Peoples BankBrownstownIN6/19/2004
Peoples Bank SBMunsterIN2/17/2016
Peoples State BankEllettsvilleIN10/6/2005
Peoples Trust and Savings BankBoonvilleIN10/20/2005
Pinnacle BankNashvilleTN8/26/2019
PNC Bank, NAPhiladelphiaPA1/26/2006
Premier BankYoungstownOH12/19/2022
Private Bank and Trust CompanyChicagoIL1/26/2006
Providence Bank & TrustDyerIN2/17/2016
Purdue Federal Credit UnionWest LafayetteIN7/25/2011
Regions BankDecaturIL1/27/2006
Republic Bank & Trust CompanyLouisvilleKY1/19/2007
Richmond City Employees FCURichmondIN12/14/2005
Riddell National BankBrazilIN10/24/2005
River Valley Financial BankMadison IN10/14/2005
Salin Bank and Trust CompanyIndianapolisIN10/17/2005
Sand Ridge BankHamiltonOH2/14/2006
Security Federal Savings BankLogansportIN2/22/2016
Spencer County BankSanta ClausIN10/18/2005
Springs Valley Bank & Trust CompanyJasperIN12/21/2005
Standard Bank & Trust CompanyHickory HillsIL1/10/2007
Star Financial BankFt. WayneIN12/27/2005
State Bank of LiztonLiztonIN12/27/2005
Stock Yards Bank & Trust Co. Inc.LouisvilleKY12/7/2005
Symphony BankIndianapolisIN7/31/2006
Talmer WestWarrenOH2/24/2015
Talmer West BankGoshenIN1/27/2014
TCF BankMidlandMI9/22/2020
Terre Haute Savings BankTerre HauteIN1/27/2006
Three Rivers Federal Credit UnionFort WayneIN5/9/2016
Tri-County Bank & Trust CompanyRoachdaleIN2/29/2016
U.S. Bank St. PaulMN10/25/2005
Union Federal Savings & Loan AssociationCrawfordsvilleIN1/23/2006
Union Savings & Loan AssociationConnersvilleIN10/14/2005
United Community BankLawrenceburgIN10/14/2005
United Fidelity Bank FSBEvansvilleIN1/24/2006
Wayne Bank and Trust CompanyRichmondIN10/17/2005
Wells Fargo Bank Indiana N.A.Fort WayneIN4/3/2006
WesBanco Bank, Inc.WheelingWV11/14/2016
West End BankRichmondIN12/21/2005
Your Community BankNew AlbanyIN3/4/2016

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