Federal Reserve Board Does Not Object to United Texas Bank's Conversion from State Member to National Bank

An official website of the United States Government Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( ) or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites.

Sections

Search Submit Button

Press Release

May 15, 2026

Federal Reserve Board announces it does not object to the conversion of United Texas Bank, of Dallas, Texas, from a bank supervised by the Federal Reserve to a national bank supervised by the Office of the Comptroller of the Currency

For release at 4:30 p.m. EDT

The Federal Reserve Board on Friday announced that it did not object to the conversion of United Texas Bank, of Dallas, Texas, from a bank supervised by the Federal Reserve to a national bank supervised by the Office of the Comptroller of the Currency (OCC).

The Dodd-Frank Act requires the Board to not object to the conversion when a state member bank, which is a bank supervised by the Federal Reserve, that is subject to certain enforcement actions issued by the Board proposes to convert to a national bank. As required by law, the OCC submitted a supervisory plan to the Board for addressing the matters underlying the enforcement action between United Texas Bank, the Board, and the Texas Department of Banking, to which the Board also did not object.

For media inquiries, please email media@frb.gov or call 202-452-2955.

Statement from Governor Barr