United Texas Bank Achieves Historic Post-Dodd-Frank OCC Conversion, Redefining Global Correspondent Banking Across Traditional Finance and Digital Assets Through AI-Powered Settlement and Compliance
PR Newswire
DALLAS, May 28, 2026
Combining 40 Years of Institutional Banking Excellence with Next-Generation Digital Infrastructure DALLAS, May 28, 2026 /PRNewswire/ -- United Texas Bank (UTB), a Dallas-based financial institution with four decades of institutional banking excellence, today announced that the Office of the Comptroller of the Currency (OCC) has approved UTB's conversion to a nationally chartered bank, making UTB one of few institutions in U.S. history to successfully convert post Dodd Frank, with an expectation to be fully converted in the next month. The Federal Reserve Board and the Texas Department of Banking consented to the conversion. Notably, the OCC also approved UTB's application to exercise full trust powers. These approvals granted UTB the full authority of a federally chartered national bank, including FDIC deposit insurance, Federal Reserve master account connectivity, full commercial lending authority, digital asset custody, stablecoin infrastructure, and real-time settlement through its proprietary UTB ATOMIC™ network.
