Federal Reserve allows United Texas Bank to convert to national bank
The Federal Reserve Board announced on May 15, 2026, that it does not object to United Texas Bank of Dallas converting from a state member bank supervised by the Federal Reserve to a national bank supervised by the Office of the Comptroller of the Currency (OCC). The decision was required under the Dodd-Frank Act, which mandates the Board not object when a state member bank subject to certain enforcement actions proposes such a conversion. As required by law, the OCC submitted a supervisory plan to the Federal Reserve Board for addressing the matters underlying the enforcement action involving United Texas Bank, the Board, and the Texas Department of Banking. The Board also did not object to that plan.
What’s reported
The Federal Reserve Board announced it does not object to the conversion of United Texas Bank from a Federal Reserve-supervised bank to a national bank supervised by the OCC.
The Dodd-Frank Act requires the Board to not object when a state member bank subject to certain enforcement actions proposes such a conversion.
The OCC submitted a supervisory plan to the Board for addressing matters underlying the enforcement action involving United Texas Bank, the Board, and the Texas Department of Banking.
The Board also did not object to that supervisory plan.
Open questions
The specific nature of the enforcement action against United Texas Bank is not detailed in the press release.
Sources: federalreserve.gov
