Water banking is loosely defined as an institutional structure that facilitates water transactions. Water banks include rental pools, storage water releases, aquifer recharge basins, and more. Lotic has provided water bank consultation to various clients across the West. Lotic is currently working with the Grass Valley French Ditch Company to reallocate a large portion of its ditch shares to mitigation use. This innovative project aims to become a template for water banking in the state of Montana.