The Federal Reserve Board announced that it does not object to United Texas Bank of Dallas, Texas, converting from a state member bank supervised by the Federal Reserve into a national bank supervised by the Office of the Comptroller of the Currency. The update concerns the bank's change in charter and federal supervisor. The Board said the Dodd-Frank Act requires it to not object when a state member bank subject to certain Board enforcement actions proposes to convert to a national bank. As required by law, the Office of the Comptroller of the Currency submitted a supervisory plan to address the matters underlying the enforcement action involving United Texas Bank, the Board, and the Texas Department of Banking, and the Board did not object to that plan.
Federal Reserve Board2026-05-15
Federal Reserve Board does not object to United Texas Bank converting to a national bank under Office of the Comptroller of the Currency supervision
The Federal Reserve Board stated it does not object to United Texas Bank converting from a state member bank supervised by the Federal Reserve into a national bank supervised by the Office of the Comptroller of the Currency. The Board noted that under the Dodd-Frank Act it must not object to such conversions when certain enforcement actions apply, and confirmed it did not object to the Office of the Comptroller of the Currency’s supervisory plan addressing the underlying enforcement matters.