Federal Reserve Board Terminates Enforcement Actions Against United Texas Bank and Quontic Entities
Key Takeaways
- •The Federal Reserve Board announced on September 4, 2026, the termination of enforcement actions against three banking institutions, effective September 2, 2026.
- •United Texas Bank of Dallas, Texas, had been subject to a cease and desist order dated August 29, 2024.
- •Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp., both based in Astoria, New York, had been subject to a written agreement dated July 5, 2023.
- •Terminations of enforcement actions typically indicate the Federal Reserve has determined the institutions addressed the deficiencies that prompted the original orders.
- •The Fed publicly announces both the issuance and termination of enforcement actions, such as cease and desist orders and written agreements, related to concerns like risk management, capital planning, or compliance.
The Federal Reserve Board announced on Friday, September 4, 2026, the termination of enforcement actions against three banking institutions.
Terminations of this kind typically indicate that the Federal Reserve has determined the institutions have addressed the deficiencies that prompted the original actions. The Fed routinely issues such orders — including cease and desist orders and written agreements — when it identifies concerns in areas such as risk management, capital planning, or compliance, and it publicly announces both the issuance and termination of these actions.
For release at 11:00 a.m. EDT, the announcement covered the following actions:
United Texas Bank, Dallas, Texas
- Enforcement action: Cease and Desist Order dated August 29, 2024 (PDF)
- Terminated: September 2, 2026
Quontic Bank Acquisition Corp., Astoria, New York, and Quontic Bank Holdings Corp., Astoria, New York
- Enforcement action: Written Agreement dated July 5, 2023 (PDF)
- Terminated: September 2, 2026
The Federal Reserve provides a searchable database of additional enforcement actions, which can be accessed here.
For media inquiries, the Federal Reserve Board can be contacted by email at [email protected] or by phone at 202-452-2955.
Source: Federal Reserve Press Release
