(Salt Lake City, UT) — Governor Spencer Cox and state agencies are working on policies to make sure Utah banks don’t experience collapses that banks in California and New York suffered over the weekend. Signature Bank in New York City was shut down Sunday, just two days after California’s Silicon Valley Bank collapsed. Numerous Utah startups banked with Silicon Valley Bank and were at great risk until the U.S. Treasury Department and other federal agencies got involved. Cox said the state would have stepped in “if the Feds didn’t step up.”