It”™s no surprise that when it comes to business banking, law practices are unlike most companies and have a unique set of financial needs that not just any bank can meet.
Whether yours is a solo practice, a large AM Law 100 firm, or something in between, every firm needs: a business operating account for income and expense; a savings account for unexpected expenses; and a client trust (IOLA) account to hold client funds.
But law firm banking involves more than inflow and outflow bank accounts. My team and I understand that because I spend the first part of my career as an attorney. That”™s why we have a strong record of helping attorneys manage their money through Esquire Banking, an attorney-specific total banking package that can save law firms time and money and includes IOLA accounts, access to capital, lines of credit, escrow accounts, trust, and estate administration and more.
Lucille Barbato and Charles Speigel are a husband-and-wife team operating Spiegel & Barbato, an 11-person firm in the Bronx specializing in personal injury. Many of their cases result in six-and seven-figure verdicts, making managing their practice”™s cash flow and efficiencies, growth planning, and financial planning critical.
But for Lucille, a practicing attorney for 39 years, more important than the banking services specific to law firms, is the personal connection. The firm had been working with a big bank whose service level had grown increasingly cold and difficult. As an Orange Bank & Trust customer Lucille appreciates the “extraordinary personal attention” our Bronx bankers give her firm. “Although we use online banking, at the height of the pandemic, our banker even came to our home to pick up checks.” Without question, we”™ve built a level of trust with Speigel and Barbato.
Customer loyalty is one of the best measures of success for a local bank. For that, I look to the words of clients like Lucilee, who says, “Orange Bank & Trust is the best for taking care of our needs both personally and professionally.”
Joseph A. Ruhl, EVP Regional President of
Orange Bank and Trust”™s Westchester County division.
