Regulatory Alerts2026-05-15
Federal Reserve Board Does Not Object to United Texas Bank's Conversion from State Member to National Bank
The Federal Reserve Board has announced its non-objection to United Texas Bank’s conversion from a state member bank supervised by the Federal Reserve to a national bank overseen by the Office of the Comptroller of the Currency. Under the Dodd-Frank Act, this conversion is required when a state member bank subject to Board enforcement actions proposes the transition, provided the OCC submits an acceptable supervisory plan. The Board approved the OCC’s submitted plan, which resolves the underlying enforcement matters involving United Texas Bank, the Federal Reserve, and the Texas Department of Banking.
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