Utah Department of Financial Institutions · UT
Utah's banks remain healthy and are well-prepared to serve the banking needs of Utah citizens and businesses. We remind all Utahns that your deposits in banks and credit unions are insured up to federal limits. The supplementary program announced by the federal government on Sunday, March 12, adds an additional layer of security to our nation's already strong banking system. If customers have questions about their deposit insurance coverage, their institutions stand ready to help educate and inform.
March 13, 2023
Summary
The Utah Department of Financial Institutions confirms that local banks and credit unions remain stable and continue to offer federally insured deposits. Institutions are directed to assist customers with inquiries regarding the scope of their deposit insurance coverage following recent federal liquidity measures.
Utah’s banks remain healthy and are well-prepared to serve the banking needs of Utah citizens and businesses. We remind all Utahns that your deposits in banks and credit unions are insured up to federal limits. The supplementary program announced by the federal government on Sunday, March 12, adds an additional layer of security to our nation’s already strong banking system. If customers have questions about their deposit insurance coverage, their institutions stand ready to help educate and inform.
Source: https://dfi.utah.gov/resources/news/
Common questions
- What does "Utah's banks remain healthy and are well-prepared to serve the banking needs of Utah citizens and businesses. We remind all Utahns that your deposits in banks and credit unions are insured up to federal limits. The supplementary program announced by the federal government on Sunday, March 12, adds an additional layer of security to our nation's already strong banking system. If customers have questions about their deposit insurance coverage, their institutions stand ready to help educate and inform." cover?
- The Utah Department of Financial Institutions confirms that local banks and credit unions remain stable and continue to offer federally insured deposits.…
- Which agency issued this update?
- This update was issued by Utah Department of Financial Institutions.
- When was it published?
- It was published on March 13, 2023.