OCC issues July 2026 bank enforcement actions and terminations

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OCC July 2026 enforcement actions

Highlights

OCC issues a cease and desist order against United Texas Bank for Bank Secrecy Act and anti-money laundering deficiencies amid its conversion to a national bank.
OCC orders prohibition against Ezekiel Dorsey, former JPMorgan Chase operations lead in Atlanta, for theft of about $120,000 from automated teller machines.
OCC terminates formal actions against Patriot Bank, Quontic Bank, Sidney Federal Savings and Loan, and Texas Heritage National Bank, signalling resolved or outdated compliance issues.

July enforcement orders and compliance actions

As reported by the Office of the Comptroller of the Currency, the agency releases its July 2026 enforcement actions, including a cease and desist order against United Texas Bank in Dallas, Texas.

The OCC says the order targets deficiencies in the bank's Bank Secrecy Act and anti-money laundering compliance program that resulted in violations of law or regulation. The agency adds that the bank consented to the order as part of its conversion to a national bank supervised by the OCC, after an August 2024 order with the Federal Reserve Bank of Dallas and the Texas Department of Banking.

The OCC also announces an order of prohibition against Ezekiel Dorsey, a former lead associate for operations at JPMorgan Chase Bank, National Association's Edgewood branch in Atlanta, Georgia. The agency says the action relates to the theft of about $120,000 from the bank while servicing automated teller machines.

Terminations signal resolved or outdated issues

The regulator says it terminates enforcement actions when a bank demonstrates compliance with all articles of an action, when unresolved articles have become outdated or irrelevant, or when those articles are folded into a new action.

For July 2026, the OCC terminates the formal agreement with Patriot Bank, National Association of Stamford, Connecticut, dated January 14, 2025, and the cease and desist order against Quontic Bank of Astoria, New York, dated October 5, 2022. It also terminates the cease and desist order against Sidney Federal Savings and Loan Association of Sidney, Nebraska, dated January 19, 2021, and the formal agreement with Texas Heritage National Bank of Daingerfield, Texas, dated May 8, 2025.

The release highlights the OCC's role in pushing boards and management teams to correct deficient practices, while also removing formal actions once institutions meet requirements or supervisory circumstances change.

Our earlier report on Senate scrutiny of the Consumer Financial Protection Bureau focused on claims that the agency’s rule rollbacks and dropped enforcement actions could raise costs for U.S. consumers. It highlighted estimates tying higher credit-card late fees and overdraft charges to reversed rules, alongside concerns about lost consumer relief as dozens of enforcement cases and settlements were abandoned.

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