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TCL > September 2000 Issue > COLTAF Update: Banks Waive Service Fees

September 2000       Vol. 29, No. 9       Page  25

COLTAF Update: Banks Waive Service Fees

The Colorado Lawyer Trust Account Foundation ("COLTAF") is pleased to announce that the following twelve banks have recently joined the Honor Roll—the ninety-seven Colorado financial institutions that waive service and activity fees and remittance charges on COLTAF accounts:

American Bank
Bank at Broadmoor
Bank One, Colorado
Collegiate Peaks Bank
Colorado State Bank & Trust
Compass Bank
Farmers State Bank-Brush
Farmers State Bank-Fort Morgan
First American State Bank
First National Bank-Lamar
US Bank (all branches)
WestStar Bank (all branches)

The decision by these banks to waive fees is an outstanding gesture of goodwill and community spirit, and the Board of Directors extends its thanks to all the attorneys who contacted their banks on behalf of COLTAF. The additional income to COLTAF from these recently waived fees is more than $45,000 —money that will be used to provide even more civil legal services to Colorado’s low-income individuals, families, seniors, disabled people, and victims of domestic violence.

COLTAF, authorized by the Colorado Supreme Court, receives the interest on pooled client trust accounts where the funds are so nominal in amount, or are expected to be held for such a short period of time, that it is not practical to earn or account for the interest on the individual deposits. A full explanation of a lawyer’s responsibility regarding client funds is found in the Colorado Rules of Professional Conduct, Rule 1.15.

COLTAF is pleased to publish an updated Honor Roll, which includes all banks that waive fees on COLTAF accounts. Attorneys are encouraged to use these banks or to talk with their own bank about eliminating fees on COLTAF accounts. If you have questions or comments, please contact the COLTAF office at (303) 863-7221, or visit the COLTAF website:


Air Academy National Bank Commercial Federal Bank (all branches) The Home State Bank (all branches)
Alamosa National Bank Community Banks of Colorado (Aspen, Gunnison) KeyBank of Colorado (all branches)
Alpine Bank (all branches) Community First National Bank (all branches) Liberty Savings Bank (all branches)
American Bank Compass Bank Mesa National Bank (all branches)
Arapahoe Bank & Trust ENT Federal Credit Union Minnequa Bank
Bank at Broadmoor Evergreen National Bank Montrosebank (all branches)
Bank in Boulder (all branches) Farmers Bank (all branches) Morgan County Federal Savings & Loan
Bank of Cherry Creek (all branches) Farmers State Bank of Brush North Valley Bank
Bank of Cherry Creek in Boulder Farmers State Bank of Calhan (all branches) Paonia State Bank (all branches)
Bank of Colorado (all branches) Farmers State Bank of Fort Morgan Park State Bank
Bank of Colorado—Western Slope—Grand Junction First American State Bank Peak National Bank (all branches)
Bank of Durango FirstBank of Colorado (all branches) Peoples National Bank (all branches)
Bank of Grand Junction 1st Choice Bank (all branches) Pine River Valley Bank
Bank of the San Juans First National Bank of Akron Premier Bank
Bank of Telluride First National Bank of Cañon City Pueblo Bank & Trust (all branches)
Bank West First National Bank of Cortez Rio Grande County Bank (all branches)
Berthoud National Bank First National Bank of Durango Rio Grande Savings & Loan (all branches)
Cache Bank First National Bank of Estes Park San Luis Valley Federal Savings & Loan (all branches)
Cañon National Bank (all branches) First National Bank of Fort Collins UMB Bank of Colorado (all branches)
Castle Rock Bank First National Bank Julesburg Union Bank & Trust (all branches)
Centennial Bank First National Bank Lamar (all branches) Union Colony Bank (all branches)
Century Savings & Loan First National Bank of Limon US Bank (all branches)
Centennial Bank of the West (all branches) First National Bank of Paonia Valley Bank & Trust (all branches)
Citadel Bank First National Bank of the Rockies—Hayden Valley State Bank (all branches)
Citizens Bank of Pagosa Springs First National Bank Walsenburg Vectra Bank of Colorado (all branches)
Citizens State Bank of Ouray (all branches) First State Bank of Fort Collins Weld County Bank
Citywide Banks (all branches) First State Bank of Hotchkiss Wells Fargo Bank (all branches)
Clear Creek National Bank (all branches) First State Bank of Idaho Springs Western National Bank
Collegiate Peaks Bank (all branches) FirsTier Bank (all branches) WestStar Bank (all branches)
Colorado East Bank & Trust (Lamar, Springfield) First United Bank (all branches)
Colorado Mountain Bank Foothills Bank
Colorado State Bank & Trust (all branches) Fremont National Bank (all branches)
Colorado State Bank—Walsh Front Range Bank—Lakewood
Commerce Bank Heritage Bank (all branches)

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