The Office of the Comptroller of the Currency on Thursday published a cease-and-desist order against United Texas Bank of Dallas over deficiencies in the lender's Bank Secrecy Act and anti-money-laundering compliance programme, the national bank regulator announced in news release NR-OCC-2026-59 published on its website.
The order, filed under docket AA-ENF-2026-29, cited programme weaknesses that the OCC said had resulted in violations of law or regulation, and comes on top of an August 2024 order the bank previously consented to with the Federal Reserve Bank of Dallas and the Texas Department of Banking.
SECOND SUPERVISORY ACTION
The order, dated 16 June and published on 16 July, is the second formal supervisory measure imposed on United Texas Bank in less than two years. The earlier order, consented to on 29 August 2024, addressed significant deficiencies related to foreign correspondent banking and virtual currency customers, BSA/AML and OFAC compliance, and corporate governance and board oversight.
The bank consented to the order as part of its conversion to a national bank supervised by the OCC (OCC Corporate Decision 1375), which took effect on 12 June; the OCC had made a consent order with remedial provisions substantively similar to the 2024 order a condition of approving the conversion. The order requires the bank to maintain a revised BSA/AML compliance programme, including a comprehensive risk assessment, enhanced independent testing and a qualified compliance officer, as well as a revised customer due diligence programme, enhanced suspicious activity monitoring and reporting, and improved OFAC compliance.
The OCC did not disclose a civil money penalty accompanying the order in the announcement.
FORMER BANKER BARRED OVER ATM THEFT
The same OCC release also announced a prohibition order against Ezekiel Dorsey, a former branch employee of JPMorgan Chase, in connection with the theft of approximately USD 120,000 while servicing automated teller machines. Prohibition orders permanently bar named individuals from working in any federally insured depository institution without written regulator approval from the OCC or another appropriate federal banking agency.
The OCC pairs individual enforcement actions with institutional orders in its periodic enforcement releases, and the Dorsey prohibition was the only individual action in the July release, which also listed four terminations of earlier orders against other banks. JPMorgan Chase was not itself the subject of the prohibition action, which relates to the alleged conduct of the former employee during his time servicing the bank's ATM network.
The full text of the cease-and-desist order and the prohibition order was made available on the OCC's website alongside the news release. The order requires the bank's board to submit quarterly written progress reports and to implement the corrective steps it specifies within timelines set by the agency.
United Texas Bank, headquartered in Dallas, converted from a state charter to a national bank charter on 12 June 2026. The OCC order carries BSA/AML remedial provisions substantively similar to those of the 2024 order over to the bank's new federal supervisor.