Yes. Vast Bank is a member of the the Federal Deposit Insurance Corporation (FDIC).
Yes. Vast Bank is a member of the the Federal Deposit Insurance Corporation (FDIC), an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures.
The FDIC was created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices. As of 2018, the FDIC insures deposits up to $250,000 per depositor as long as the institution is a member firm.
For more information about the FDIC, visit https://www.fdic.gov/.