All Utah industrial banks (IBs) are
chartered by the state. Nationally or federally chartered IBs do not
exist. Of the 35 state chartered IBs, five are inactive. An inactive IB is one in which
a person or entity has purchased the rights to conduct IB business but
has not completed all the requirements to actually do business. To find out more
about what constitutes a Utah industrial bank, click on the link "What is an
IB?".
All of the IBs deposits are insured by the Federal
Deposit Insurance Corporation (FDIC).
If you are interested in financial data relating to IBs, the FDIC has a bank data web page which provides
access to the latest CALL report information.
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