News Release

September 10, 2018

Texas Brand Bank Joins Prime Partner Bank Program
Program Boosts Funding for Legal Aid in Texas

AUSTIN, Texas — The Texas Access to Justice Foundation (TAJF) proudly welcomes Texas Brand Bank of Dallas as the newest member of its Prime Partner Bank program. Prime Partner banks and credit unions make a direct impact on the funding available to help low-income Texans with their civil legal issues by voluntarily paying higher interest rates for Interest on Lawyers’ Trust Accounts (IOLTA).

All attorneys that handle client funds are required to keep those funds in IOLTA accounts until they can be made available to a client. The Texas Access to Justice Foundation receives funding from the interest generated by these accounts and uses the money to distribute grants to legal aid providers throughout Texas. This funding provides legal assistance to more than 150,000 Texas families each year.

“Many Texans face serious legal issues, such as escaping situations of domestic violence or avoiding foreclosure, and simply do not have the resources to hire an attorney,” Richard L. Tate, chair of the board of directors for the Texas Access to Justice Foundation, said. “By paying higher interest rates on IOLTA accounts, Texas Brand Bank is helping ensure that low-income Texans have access to life-saving civil legal services.”

Due to low interest rates, the Texas Access to Justice Foundation has seen a 70 percent decline in IOLTA revenue since 2007. As a result, more than $140 million in funding for free legal services for low-income and disadvantaged Texans has been lost. Prime Partner banks pay 75 percent of the Federal Funds target rate interest on IOLTA accounts, which is above and beyond the eligibility requirements for banks participating in the IOLTA program.

“Texas Brand Bank, with three offices in the Dallas metropolitan area, is an active supporter of numerous organizations in our local community” according to William E. Lowe, president of the bank. ‘We are excited to participate in the Prime Partner Bank Program to help make an impact on the lives of disadvantaged Texans who need legal assistance.”

More than 5.6 million Texans qualify for legal aid and many are turned away simply because legal aid providers do not have the resources or funding to help everyone in need. Prime Partner banks help mitigate the decline in revenue available to fund legal aid.

Texas Brand Bank is now one of nearly 60 banks that participate in the Prime Partner Bank program across the state. See a current list of Prime Partner banks in Texas at:


Contact: Kimberly Schmitt
512-320-0099, ext. 104


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