The Office of the Comptroller of the Currency published its monthly enforcement actions release on Thursday, disclosing a package of individual and institutional actions that included the termination of the formal agreement with First National Bank of Pasco in Dade City, Florida. The notification was carried in OCC news release NR-OCC-2026-70 dated 20 August 2026.
The termination order, catalogued as AA-SO-2026-37, releases First National Bank of Pasco from the formal agreement originally entered on 18 September 2025 under docket AA-SO-2025-46. Under standard OCC practice, the regulator terminates enforcement actions when the affected bank has demonstrated compliance with all articles or where the articles are outdated.
PASCO TERMINATION AFTER ELEVEN MONTHS
The termination of the Pasco agreement, coming less than a year after the original order was signed, indicates that the community bank has satisfied the supervisory concerns that led to the 2025 formal agreement. Formal agreements are among the OCC's more serious supervisory tools, typically imposed where the regulator identifies operational, compliance or risk-management shortcomings that require documented remediation.
The termination order is issued by the OCC and is effective on the date recorded in the enforcement action documentation. The regulator generally does not disclose the specific findings that prompted a formal agreement, and its practice is similarly to keep the detailed grounds for termination confined to supervisory records rather than public releases.
BROADER MONTHLY ACTIONS PACKAGE
The Pasco termination was one of several individual and institutional actions included in the OCC's August 2026 batch. The agency's monthly cycle covers a range of enforcement tools including cease and desist orders, civil money penalties, prohibitions on individuals from banking and terminations of previously issued orders, providing a regular window on the regulator's supervisory posture.
The OCC supervises national banks, federal savings associations and federal branches and agencies of foreign banks, and its enforcement actions form a public record of the regulator's oversight activity across that population. Institutions subject to the agency's remit are required to maintain safe and sound operations and to comply with the extensive body of federal banking law.
The monthly enforcement release is accompanied by supporting bulletins detailing the actions and any related supervisory guidance. Market participants, community banks and their advisers routinely track the OCC's monthly disclosures for signals about the regulator's areas of focus and for benchmarks on the resolution of specific supervisory concerns across the national banking system. The First National Bank of Pasco termination will be regarded within community banking circles as a constructive data point on the speed with which formal supervisory arrangements can be resolved where an institution addresses the underlying concerns effectively. The interval between the September 2025 original agreement and the August 2026 termination sits within the range typical for such cases and reflects the time required for corrective actions to be implemented, evidenced and reviewed by the regulator. The OCC's willingness to lift the agreement provides an explicit acknowledgement that the bank now stands in compliance with the articles that had previously required attention. The August 2026 batch, catalogued under news release NR-OCC-2026-70, sits alongside the accompanying OCC bulletin covering the month's supervisory activity and is available on the regulator's website for institutions, counsel and other observers to consult.