OCC Terminates Five Formal Agreements with Banks February 2026
Summary
The OCC released five termination orders for formal agreements with nationally chartered banks in February 2026. The banks affected are First Federal Savings Bank of Kentucky (Frankfort, KY), Hiawatha National Bank (Hager City, WI), Minnstar Bank, National Association (Lake Crystal, MN), North Side Federal Savings and Loan Association of Chicago (Chicago, IL), and Unity National Bank of Houston (Houston, TX). The terminations occurred after banks demonstrated compliance with all articles of their enforcement actions or when terms became outdated or irrelevant to current circumstances.
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GovPing monitors Treasury OCC Enforcement Actions for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 3 changes logged to date.
What changed
The OCC announced the termination of five formal agreements with nationally chartered banks, effective February 19, 2026. Each termination order applies to a specific bank that either demonstrated full compliance with enforcement action articles or whose non-compliant articles became outdated or irrelevant to current operations. The affected institutions span four states: Kentucky, Wisconsin, Minnesota, Illinois, and Texas. These terminations remove compliance obligations that were previously imposed, allowing the banks to operate without the specific restrictions of their original formal agreements.
For affected banks, this announcement confirms the resolution of prior supervisory enforcement matters and eliminates ongoing reporting or operational requirements tied to those agreements. Other national banks under formal agreements should note the OCC's criteria for termination: demonstrated compliance with all articles, outdated or irrelevant terms, or incorporation of non-compliant articles into new actions. Banks meeting any of these criteria may request similar consideration through their supervisory relationship.
Archived snapshot
Apr 22, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
News Release 2026-8 | February 19, 2026
OCC Announces Enforcement Actions for February 2026
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WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions for February 2026.
The enforcement actions released are terminations. The OCC terminates enforcement actions when a bank has demonstrated compliance with all articles of an enforcement action; or when the OCC determines that articles deemed “not in compliance” have become outdated or irrelevant to the bank’s current circumstances; or when the OCC incorporates the articles deemed “not in compliance” into a new action. The termination actions are:
- Order Terminating the Formal Agreement with First Federal Savings Bank of Kentucky, Frankfort, Kentucky, dated August 13, 2024 (Docket No. AA-CE-2024-62). (Docket No. AA-CE-2026-2)
- Order Terminating the Formal Agreement with Hiawatha National Bank, Hager City, Wisconsin, dated October 22, 2024 (Docket No. AA-CE-2024-32). (Docket No. AA-CE-2026-8)
- Order Terminating the Formal Agreement with Minnstar Bank, National Association, Lake Crystal, Minnesota, dated March 12, 2024 (Docket No. AA-CE-2024-2). (Docket No. AA-CE-2025-70)
- Order Terminating the Formal Agreement with North Side Federal Savings and Loan Association of Chicago, Chicago, Illinois, dated November 16, 2023 (Docket No. AA-CE-2023-22). (Docket No. AA-CE-2025-69)
- Order Terminating the Formal Agreement with Unity National Bank of Houston, Houston, Texas, dated August 30, 2022 (Docket No. AA-SO-2022-9). (Docket No. AA-ENF-2026-9) To receive alerts for news releases announcing public OCC enforcement actions, subscribe to OCC Email Updates.
All OCC public enforcement actions taken since August 1989 are available for download by viewing the searchable enforcement actions database at https://apps.occ.gov/EASearch.
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