Federal Reserve terminates enforcement actions against United Texas Bank and two Quontic Bank companies

The Federal Reserve Board has formally ended enforcement actions against United Texas Bank of Dallas, Texas, and two companies associated with Quontic Bank (Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp. of Astoria, New York). These regulatory actions had been in place since 2023 and 2024, respectively. The termination, effective September 2, 2026, signifies the conclusion of prior regulatory oversight rather than the imposition of new penalties.