Federal Reserve approves United Texas Bank conversion to national bank
5 reported
The Federal Reserve Board announced on May 15, 2026, that it does not object to the conversion of United Texas Bank, based in Dallas, Texas, 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 released at 4:30 p.m. EDT. The Dodd-Frank Act requires the Board to 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 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.
What’s reported
The Federal Reserve Board announced on May 15, 2026, that it does not object to the conversion of United Texas Bank from a bank supervised by the Federal Reserve to a national bank supervised by the OCC.
United Texas Bank is located in Dallas, Texas.
The Dodd-Frank Act requires the Board to not object when a state member bank subject to certain enforcement actions proposes to convert to a national bank.
The OCC submitted a supervisory plan to the Board for addressing matters underlying the enforcement action between United Texas Bank, the Board, and the Texas Department of Banking.
The Board also did not object to that supervisory plan.
Key figures
Federal Reserve Board (mentioned as the announcing body)
United Texas Bank (the converting bank)
Office of the Comptroller of the Currency (OCC) (the new supervising agency)
Texas Department of Banking (party to the enforcement action)
Sources: federalreserve.gov
