Current Bank List
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CASH & BANKING LPL Financial Insured Cash Account (ICA): Current Priority Bank List Retail Accounts As of September 21, 2021 About the Priority Bank List (PBL) The Priority Bank List is a list of available banks into which your funds may be deposited, and is available from your financial advisor and on lplfinancial.lpl.com/disclosures. The banks appear in columns by state or region. In the column under your applicable state or region are multiple banks in the order in which your funds will be allocated. The last banks on the list are “Excess Banks” and are noted as such. For PBL banks not included in the Excess Banks category, LPL Financial (as your agent) will ensure that your ICA sweep deposits do not exceed the $250,000 (or $500,000 for joint accounts) FDIC-defined ownership category limits. For the Excess Banks, your funds may be deposited without consideration of the $250,000 and $500,000 limits. However, this will only be done when there is insufficient capacity in other banks on the PBL to take your assets and not break through the $250,000 and $500,000 limits—and is meant to be temporary in nature. You may not change the order of the banks on the PBL. However, you may, at any time, designate a bank as ineligible to receive your funds. This will result in your funds not being deposited into this bank—or if already there, we will remove your funds from that bank and designate the bank as ineligible to receive future deposits. Unless you direct us to place your funds in a different investment, your funds from eliminated banks will be deposited at the first available bank set forth on the Priority Bank List, as amended by you. To make these amendments, you need to inform your financial advisor. You should review the PBL carefully. If you already have funds at any bank on the list, please notify your financial advisor to designate that bank as ineligible (as detailed above) so that no additional funds are allocated through this program to that bank, which should help to avoid deposits in that bank exceeding your FDIC-defined ownership category insurance limits. You are responsible for monitoring the total amount of deposits that you have at a bank to determine the amount of FDIC insurance you may have available to you. On the Priority Bank List, banks may be added, removed, or the order of the priority sequence may change. Please consult your financial advisor or LPL.com periodically throughout the month for recent updates and information regarding how these changes may impact your account. If a bank at which you have funds is no longer available through the ICA program, you may choose to establish a direct depository relationship with the bank, subject to its rules with respect to establishing and maintaining deposit accounts. If you choose not to establish a direct depository relationship with the bank, your funds will be transferred to the first available bank set forth on the Priority Bank List. Priority Bank List CA TX FL IL NY PA Goldman Sachs Goldman Sachs Morgan Stanley, 1 JPMorgan Chase JPMorgan Chase U.S. Bank Bank Bank N.A. Goldman Sachs Morgan Stanley, Goldman Sachs 2 JPMorgan Chase U.S. Bank JPMorgan Chase Bank N.A. Bank Goldman Sachs Goldman Sachs 3 HSBC HSBC U.S. Bank JPMorgan Chase Bank Bank Morgan Stanley, Morgan Stanley, Morgan Stanley, Barclays Bank 4 Discover Bank JPMorgan Chase P.B. N.A. N.A. Delaware Morgan Stanley, Morgan Stanley, Barclays Bank 5 Peoples United Discover Bank Truist Bank N.A. N.A. Delaware NY Community 6 BankUnited U.S. Bank Synovus Bank HSBC Peoples United Bank First Republic American Express 7 State Bank of India BankUnited BankUnited HSBC Bank Bank Bank Hapoalim 8 Peoples United BankUnited State Bank of India State Bank of India Discover Bank B.M. Barclays Bank Barclays Bank Barclays Bank 9 BankUnited Peoples United BankUnited Delaware Delaware Delaware First Republic American Express NY Community 10 First Horizon Bank HSBC HSBC Bank Bank Bank First Republic Barclays Bank 11 Discover Bank Mizuho Bank Discover Bank State Bank of India Bank Delaware American Express First Republic 12 WEX Bank State Bank of India Mizuho Bank WEX Bank Bank Bank NY Community First Republic NY Community American Express 13 WEX Bank Peoples United Bank Bank Bank Bank NY Community Morgan Stanley, TriState Capital Morgan Stanley, 14 State Bank of India Bank of Baroda Bank P.B. Bank P.B. TriState Capital Morgan Stanley, TriState Capital First Republic 15 Peoples United U.S. Bank Bank P.B. Bank Bank TriState Capital 16 Bank of Baroda Discover Bank Bank of East Asia First Horizon Bank Bank of East Asia Bank Morgan Stanley, 17 U.S. Bank First Horizon Bank Mizuho Bank Bank of Baroda Bank of Baroda P.B. Morgan Stanley, 18 Mizuho Bank Bank of East Asia Bank of East Asia Mizuho Bank Mizuho Bank P.B. Mountain NY Community 19 First Horizon Bank WEX Bank Cadence Bank WEX Bank Commerce Bank Bank American Express Mountain Mountain Mountain 20 Bank of Baroda Morton Community Bank Commerce Bank Commerce Bank Commerce Bank Bank Hapoalim TriState Capital American Express TriState Capital Mountain 21 First Horizon Bank B.M. Bank Bank Bank Commerce Bank 22 Bank of East Asia Morton Community Bank of Baroda Morton Community First Horizon Bank Bank of East Asia Bank Hapoalim 23 Morton Community Cadence Bank WEX Bank Cadence Bank Synovus Bank B.M. Sterling National Sterling National Bank Hapoalim 24 AXOS Bank Morton Community Synovus Bank Bank Bank B.M. Bank Hapoalim Bank Hapoalim Mountain 25 Cadence Bank Cadence Bank Synovus Bank B.M. B.M. Commerce Bank Sterling National Sterling National Atlantic Capital Atlantic Capital 26 Synovus Bank Cadence Bank Bank Bank Bank Bank Atlantic Capital Sterling National Atlantic Capital 27 Truist Bank AXOS Bank Morton Community Bank Bank Bank Atlantic Capital Atlantic Capital 28 AXOS Bank AXOS Bank Bank of NH AXOS Bank Bank Bank 29 Bank of NH Bank of NH Bank of NH Bank of NH AXOS Bank Bank of NH Sterling National 30 Synovus Bank Truist Bank Truist Bank Truist Bank Truist Bank Bank 31 Citibank Citibank Citibank Citibank Citibank Citibank Excess Banks 32 Citibank Citibank Citibank Citibank Citibank Citibank 33 AK, HI, ID, MT, AZ, NM, MA CO NJ WA OR, WY NV, UT Goldman Sachs American Express Morgan Stanley, 1 Discover Bank JPMorgan Chase JPMorgan Chase Bank Bank P.B. Goldman Sachs Goldman Sachs 2 JPMorgan Chase JPMorgan Chase JPMorgan Chase U.S. Bank Bank Bank Barclays Bank Morgan Stanley, Morgan Stanley, Goldman Sachs 3 HSBC Truist Bank Delaware N.A. P.B. Bank Goldman Sachs Goldman Sachs NY Community 4 First Horizon Bank Discover Bank Discover Bank Bank Bank Bank American Express Morgan Stanley, Morgan Stanley, Barclays Bank 5 Peoples United JPMorgan Chase Bank P.B. N.A. Delaware Barclays Bank 6 U.S. Bank State Bank of India BankUnited BankUnited HSBC Delaware Barclays Bank 7 BankUnited BankUnited Peoples United State Bank of India BankUnited Delaware American Express NY Community 8 Mizuho Bank State Bank of India BankUnited HSBC Bank Bank Morgan Stanley, American Express Morgan Stanley, 9 State Bank of India HSBC Discover Bank N.A. Bank N.A. American Express Barclays Bank Morgan Stanley, 10 HSBC U.S. Bank State Bank of India Bank Delaware N.A. Morgan Stanley, Morgan Stanley, 11 Peoples United Peoples United Synovus Bank Peoples United P.B. P.B. TriState Capital Mountain Sterling National 12 U.S. Bank U.S. Bank Peoples United Bank Commerce Bank Bank Barclays Bank 13 Discover Bank Bank of Baroda HSBC U.S. Bank First Horizon Bank Delaware Morgan Stanley, NY Community TriState Capital TriState Capital 14 Mizuho Bank Truist Bank N.A. Bank Bank Bank Morgan Stanley, TriState Capital 15 First Horizon Bank First Horizon Bank First Horizon Bank Mizuho Bank P.B. Bank First Republic TriState Capital Mountain American Express 16 WEX Bank Truist Bank Bank Bank Commerce Bank Bank First Republic Mountain 17 Bank of Baroda Mizuho Bank Mizuho Bank Bank of Baroda Bank Commerce Bank NY Community First Republic Atlantic Capital 18 Bank of East Asia Bank of Baroda Mizuho Bank Bank Bank Bank NY Community First Republic 19 WEX Bank Morton Community Bank of East Asia First Horizon Bank Bank Bank Sterling National First Republic TriState Capital 20 Bank of East Asia Bank of Baroda Discover Bank Bank Bank Bank Bank Hapoalim First Republic 21 Bank of East Asia State Bank of India Bank of East Asia Bank of Baroda B.M. Bank Mountain NY Community 22 WEX Bank Morton Community Synovus Bank Bank of East Asia Commerce Bank Bank Bank Hapoalim Bank Hapoalim Bank Hapoalim 23 Synovus Bank Morton Community WEX Bank B.M. B.M. B.M. Sterling National 24 Morton Community Cadence Bank WEX Bank Cadence Bank Synovus Bank Bank Atlantic Capital Sterling National Bank Hapoalim 25 Cadence Bank AXOS Bank Morton Community Bank Bank B.M. Sterling National Atlantic Capital 26 AXOS Bank Bank of NH WEX Bank Morton Community Bank Bank Mountain 27 Bank of NH AXOS Bank AXOS Bank Synovus Bank Cadence Bank Commerce Bank Mountain Bank Hapoalim 28 Synovus Bank Cadence Bank Bank of NH AXOS Bank Commerce Bank B.M. Atlantic Capital Atlantic Capital 29 Bank of NH Cadence Bank AXOS Bank Bank of NH Bank Bank Sterling National Atlantic Capital 30 Truist Bank Truist Bank Truist Bank Bank of NH Bank Bank 31 Citibank Citibank Citibank Citibank Citibank Citibank Excess Banks 32 Citibank Citibank Citibank Citibank Citibank Citibank 33 AR, KS, LA, MO, IA, MN, ND, NE, AL, GA, KY, MS, DC, DE, MD, NC, CT, ME, NH, IN, MI, OH OK SD, WI SC, TN VA, WV RI,VT, Other Goldman Sachs 1 JPMorgan Chase JPMorgan Chase JPMorgan Chase JPMorgan Chase JPMorgan Chase Bank American Express Goldman Sachs NY Community 2 HSBC JPMorgan Chase HSBC Bank Bank Bank Goldman Sachs Morgan Stanley, 3 Bank of East Asia Discover Bank Discover Bank U.S.