The Federal Reserve Board announced on Friday the termination of two enforcement actions covering three institutions, according to a press release issued at 11:00 a.m. EDT on September 4, 2026.
Both terminations took effect on September 2, 2026.
The actions
The first involves United Texas Bank of Dallas, Texas, which had been subject to a cease and desist order dated August 29, 2024. The order had been in place for slightly more than two years.
The second involves Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp., both of Astoria, New York, which had been parties to a written agreement dated July 5, 2023.
What the release does not say
The Board’s announcement is a list. It does not describe the conduct or supervisory findings that prompted either the 2024 order or the 2023 agreement, and it does not state the basis on which the Board determined the actions should be terminated. The release links to the underlying documents but does not summarize them.
Nor does the release identify any financial penalty, condition or continuing obligation associated with either matter.
The Board directed readers to its searchable enforcement action database for additional actions, and listed a media contact of 202-452-2955.
The Federal Reserve publishes enforcement action terminations periodically as press releases through its News & Events channel. This item was last updated September 4, 2026.
Source: Board of Governors of the Federal Reserve System, “Federal Reserve Board announces termination of enforcement actions with United Texas Bank, Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp.,” released September 4, 2026. The release states only the institutions, action types, action dates and termination dates; it provides no explanation of the underlying matters or the reasons for termination.