s ▁were ▁grand father ed ▁in , ▁so ▁Ut ah ' s ▁industrial - bank ▁char ter ▁is ▁not ▁subject ▁to ▁the ▁Bank ▁Hold ing ▁Company ▁Act . ▁This ▁means ▁that ▁the ▁I LC s ▁are ▁not ▁reg ulated ▁by ▁the ▁Federal ▁Reserve ; ▁they ▁are ▁over seen ▁by ▁the ▁F D IC ▁and ▁Ut ah ' s ▁Department ▁of ▁Fin an cial ▁Services . ▁This ▁allows ▁the ▁banks ▁to ▁be ▁free ▁from ▁more ▁on er ous ▁federal ▁reg ulation ▁and ▁also ▁allows ▁them ▁to ▁be ▁more ▁respons ive ▁to ▁changes ▁in ▁the ▁economy . ▁By ▁providing ▁sound ▁o vers ight ▁in ▁this ▁area ▁of ▁bank ing , ▁Ut ah ▁has ▁built ▁cred ibility ▁in ▁the ▁market place ▁and ▁earned ▁a ▁distinguished ▁reputation ▁in ▁bank ing . ▁This ▁has ▁helped ▁to ▁create ▁the ▁pro - bus iness ▁climate ▁that ▁is ▁attract ive ▁to ▁vent ure ▁capital ists ▁and ▁start - up ▁technology ▁companies . ▁ ▁Ev idence ▁of ▁the ▁prom in ence ▁of ▁the ▁Sil icon ▁S lop es ▁te ch ▁industry ▁is ▁the ▁growing ▁amount ▁of ▁vent ure ▁capital ▁coming ▁into ▁the ▁area . ▁In ▁the ▁first ▁nine ▁months ▁of ▁ 2 0 1 4 , ▁the ▁doll ar - per - de al ▁average ▁in ▁the ▁Sil icon ▁S lop es ▁was ▁the ▁highest ▁in ▁the ▁country , ▁at ▁an ▁average ▁of ▁$ 5 1 . 3 ▁million ▁per ▁deal . ▁This ▁high ▁average ▁can ▁be ▁attributed ▁to ▁big ▁de als ▁with ▁key ▁players ▁such ▁as ▁Qual tr ics ▁and ▁Dom