Texas Citizens Bank Formal Agreement

The Bank is also required to set up a BSA audit program and develop a training program for “all appropriate banking agents,” the deposit says. “The online banking and cash management system is the best thing I`ve ever used. It allows me to monitor my balances and activities with all my banks and brokerage firms. It also offers a great interface to all my credit card accounts. The customer service at TCB is excellent!!! CBTX Inc. in Houston is working through a formal agreement from the Office of Situation Controllers to improve its bank`s compliance with the Banking Security Act and anti-money laundering legislation. On December 18, 27, 2019, the Office of the Comptroller of the Currency entered into a formal agreement with Pasadena, Texas-based Texas Citizens Bank NA regarding “uncertain or unsure practices” related to strategic planning, capital planning, credit risk management, impairment of credit and leasing losses, and management of corporate liquidity risks. “This bank does so much for the Community. I can honestly say that I`m WELL-ed from having a bank like Texas Citizens. It`s really like home every time I go.

I went through the drive-through this morning and was greeted with a smile and professionalism. WASHINGTON – The Office of the Comptroller of the Currency (OCC) today issued new enforcement actions against national banks, federal savings federations and individuals who are currently and formerly linked to national banks and federal savings associations. “The Board of Directors of the Bank. and management are required to take the necessary steps to take full account of the provisions of the agreement within the set deadlines,” the filing added. Until February 5, 105 U.S. banks and savings banks were active under strict enforcement. On the same day, OCC entered into another formal agreement with United Trust Bank, headquartered in Palos Heights, Illinois, due to concerns about the bank`s revenues, liquidity management, credit management, information technology and consumer compliance. “I`ve been working with Tom [Regional President and CLO of Texas Citizens Bank] for almost 20 years. He always puts something on the table to help my clients grow and prosper.

Whenever someone asks me for a good bank, I automatically say Texas Citizens. To view an up-to-date table of all banks and savings banks operating under strict enforcement action as of February 6, 2020, click here. The company, which has a fortune of $3.4 billion $US, announced Friday in an application for admission that the CommunityBank of Texas had struck the deal earlier this week. Five banks received strict enforcement measures last year in Illinois, more than any other state.

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