- Fed terminates Cease and Desist Order against United Texas Bank (Dallas), originally issued August 29, 2024 — effective September 2, 2026
- Fed closes Written Agreement against Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp., originally dated July 5, 2023 — also effective September 2, 2026
- United Texas Bank's prior order was tied to anti-money-laundering control deficiencies; Quontic's to management shortcomings
- United Texas Bank remains subject to a separate OCC consent order not covered by the Fed's termination
- OCC had already closed its own enforcement action against Quontic earlier in 2026
Federal Reserve Closes Enforcement Actions Against Two Banking Groups
The Federal Reserve Board announced on September 4, 2026 the termination of regulatory enforcement actions against three banking entities: United Texas Bank (Dallas), Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp. Both terminations became effective September 2, 2026. The official notice is available via the Federal Reserve’s press release.
Details of Each Terminated Action
United Texas Bank — Cease and Desist Order Lifted
The Fed terminated a Cease and Desist Order originally dated August 29, 2024, that had been in place against United Texas Bank. The order, which had been linked to deficiencies in the bank’s internal anti-money-laundering controls, was formally closed on September 2, 2026, after the Fed determined the institution had met the conditions set out in the original order.
Notably, United Texas Bank remains subject to a separate OCC consent order, which was not part of the Federal Reserve’s termination announcement. That action continues independently.
Quontic Bank Acquisition Corp. & Quontic Bank Holdings Corp. — Written Agreement Closed
A Written Agreement dated July 5, 2023, governing both Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp., was also terminated effective September 2, 2026. The original agreement had cited management-related shortcomings at the holding company level. The OCC had separately closed its own enforcement action against Quontic earlier in 2026.
Regulatory Context
The Fed’s announcement was procedural in nature, confirming that the named entities had satisfied the supervisory requirements established under each respective order. No fines or penalties were disclosed in connection with these terminations, and no broader policy commentary accompanied the notice.
Both United Texas Bank and Quontic Bank are smaller, privately held banking entities. No material market reaction has been reported in connection with these closures.
This development reflects a broader pattern of regulators concluding outstanding supervisory actions as institutions demonstrate compliance remediation. The intersection of traditional banking oversight and emerging financial services — including crypto-adjacent banking infrastructure — continues to draw regulatory attention. As covered in our coverage of TradFi and crypto market convergence trends, the boundary between conventional banking regulation and digital asset activity remains an active supervisory focus.
Source: Federalreserve.Gov · Published by CoinsProbe Markets Desk
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