WISCONSIN — With the government taking control of both Silicon Valley Bank and Signature Bank in the past few days, a lot of Americans have questions about just how safe their bank accounts are right now.

"There is the possibility that other banks could be impacted," said Giorgo Sertsios, an associate professor of finance at University of Wisconsin-Milwaukee’s Lubar School of Business. "However, most people are fully insured [by the FDIC]... Most people have nothing to worry about."

Currently, the Federal Deposit Insurance Corporation insures most accounts at FDIC-insured banks up to $250,000 per depositor, per insured bank.

Sertsios added that it's possible the government could work to put more long-term restrictions in place to prevent similar situations in the future, but nothing on that front is guaranteed.

"It's too early to tell," Sertsios said. "Regulations have been loosened — that can be a contributing factor [to the collapses] — but in addition to that, there was a lot of money that was thrown into the economy [and some investors] had so much money that they were looking for deals that typically weren't as profitable as in other times, so it's unclear yet whether this is [an issue of] loose regulations..."

Watch the full interview above.