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# OCC Orders Three Industry Bancshares Subsidiary Banks in Texas to Halt Excessive Interest Rate Risk Practices
- URL: https://www.theglobalbanker.com/occ-cease-desist-industry-bancshares-interest-rate-risk-texas-2024/
- Published: 2024-11-21T10:37:00.000Z
- Updated: 2026-10-02T14:38:25.000Z
- Description: The OCC has issued Cease and Desist Orders against three Texas community banks owned by Industry Bancshares for unsafe long-term securities concentrations and governance failures.
- Author: TGB Editorial Team
- Tags: Regulations, Americas, #archive

The Office of the Comptroller of the Currency has finalised Cease and Desist Orders against three Texas community banks — First National Bank of Shiner, Bank of Brenham N.A., and First National Bank of Bellville — all wholly owned subsidiaries of Industry Bancshares, Inc., headquartered in Industry, Texas. The orders, made public by the OCC on 21 November 2024, resolve the Notices of Charges that the OCC had filed in January 2024 under dockets AA-SO-2023-55, AA-SO-2023-56, and AA-SO-2023-57\. 

The OCC found that each of the three banks had adopted investment strategies heavily concentrated in long-term fixed-rate securities, exposing them to excessive interest rate risk. The OCC also found that the banks lacked sufficient sources of contingency funding or capital to support that risk. Bank of Brenham N.A. and First National Bank of Bellville faced the additional finding of credit administration weaknesses.

#### CORRECTIVE ACTION

Industry Bancshares and its subsidiaries must now implement OCC-approved corrective measures across all the cited areas.