Tag: united_texas_bank
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Federal Reserve Terminates Enforcement Actions Against Three Banks
The Federal Reserve Board has terminated enforcement actions against United Texas Bank, Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp. This move concludes regulatory oversight for the three financial institutions.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyLegal Federal Reserve BoardUnited Texas BankQuontic Bank Acquisition Corp.Quontic Bank Holdings Corp.enforcement actionsfinancial regulationU.S. Federal Reserve
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OCC Releases July 2026 Enforcement Actions Against Banks and Individuals
The OCC announced July 2026 enforcement actions, including a cease and desist order for United Texas Bank over BSA/AML issues and a prohibition order against a former JPMorgan Chase employee for theft. Four previous enforcement actions were also terminated.
BusinessLaw EnforcementBankingLegalFederal GovernmentEconomy OCCenforcement actionsUnited Texas BankJPMorgan Chase BankBSA/AMLbank fraudFinancial ServicesOffice of the Comptroller of the Currency (OCC)
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Federal Reserve Approves United Texas Bank's Supervisory Conversion
The Federal Reserve Board has approved United Texas Bank's request to switch its supervisory authority. The Dallas-based bank will now be overseen by the Office of the Comptroller of the Currency, marking a significant regulatory change.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomy Federal Reserve BoardUnited Texas BankOffice of the Comptroller of the CurrencyBank ConversionRegulatory OversightDallasU.S. Federal Reserve