Bank of Nevada Received the William S. Boyd Award of Excellence During the Legal Aid Center of Southern Nevada’s Annual Luncheon
Bank of Nevada has been recognized for its extraordinary efforts to support legal aid and pro bono services for Nevadans who might not otherwise be able to afford them.
During the 18th Annual Pro Bono Awards Luncheon, the Legal Aid Center of Southern Nevada honored Bank of Nevada with the William S. Boyd Award of Excellence for its outstanding support of legal aid and pro bono services. Bank of Nevada’s commitment to increasing the impact of interest paid on Lawyer Trust Accounts – known as IOLTA funds – was among the reasons for this recognition.
Bank of Nevada is the state’s only financial institution to increase the amount of interest paid on IOLTA funds. The funds generated by the accrued interest on IOLTA funds are used to support a wide variety of legal aid organizations throughout Nevada, which provide services to the poor, senior citizens, victims of domestic violence, and children protected by or in need of protection by the juvenile court. Bank of Nevada’s interest rate increase on these funds could result in more than $500,000 in additional funding annually for legal aid nonprofit organizations.
In addition to increased financial support, the award of excellence also recognizes Bank of Nevada’s dedication throughout the year to the mission and activities of the Legal Aid Center of Southern Nevada.