The West Virginia State Treasurer’s Office is responsible for ensuring public funds deposited in financial institutions are properly collateralized and protected. The West Virginia Security for Public Deposits Act authorizes public deposits made by the state or any political subdivision of the state be held at an approved designated state depository and collateralized.

Financial Institution’s information on becoming an approved state depository, responsibility, and forms.

The State Treasurer is authorized to prepare and maintain a list of financial institutions engaged in a boycott of energy companies. Inclusion on the restricted financial institution list is not an indication of unsafe or unsound operating conditions at any financial institution nor any risk to consumer deposits.