Federal Reserve Board announces termination of enforcement actions with United Texas Bank, Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp. — SkimNews
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- Federal Reserve Board announced the termination of enforcement actions against three banking entities, released at 11:00 a.m. EDT on September 4, 2026.
- United Texas Bank of Dallas, Texas had its Cease and Desist Order, originally dated August 29, 2024, terminated effective September 2, 2026.
- Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp., both based in Astoria, New York, had their Written Agreement dated July 5, 2023 terminated effective September 2, 2026.
- The Fed noted that additional enforcement actions can be searched through an online database linked in the release.
- Media inquiries were directed to the Fed's press contacts via email or phone (202-452-2955).
Why it matters: The terminations release United Texas Bank from a 2024 cease-and-desist order and the two Quontic entities from a 2023 written agreement, freeing those institutions from the specific constraints those orders imposed. For the three named banks, the September 2 effective date marks the end of formal supervisory remedies that had been outstanding for two to three years.
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