Economy
Federal Reserve Ends Enforcement Actions Against Three Banking Entities
The Federal Reserve terminated enforcement actions involving United Texas Bank and two Quontic banking entities on September 2, 2026.
What happened
The Federal Reserve Board said it terminated three enforcement actions on September 2, 2026. The first involved United Texas Bank of Dallas, Texas, under a cease-and-desist order dated August 29, 2024. The other involved Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp., both based in Astoria, New York, under a written agreement dated July 5, 2023. The Board listed both matters among the enforcement actions it terminated. It also directed readers to its enforcement-action database for additional records.
Why it matters
The specified enforcement actions are no longer active, removing those formal Federal Reserve actions from the entities’ current enforcement records. The source provides no further detail on the conditions or reasons for termination.
Source: U.S. Federal Reserve