CBTX in Houston has been freed from a 15-month-old regulatory order.
The $4.1 billion-asset parent of CommunityBank of Texas disclosed in a regulatory filing Wednesday that the Office of the Comptroller of the Currency lifted the June 2020 formal agreement earlier this week.
The order instructed the bank to improve compliance with the Bank Secrecy Act and anti-money-laundering laws. It also required the bank to establish a committee to oversee compliance with the agreement and ensure that its BSA staff has sufficient authority and resources to fulfill its responsibilities.
The OCC recently freed Patriot National Bancorp in Stamford, Conn., from a 2018 formal agreement.