regulatory
confidence high
sentiment neutral
materiality 0.40
Third Coast Bank applies to convert from Texas savings bank to Texas banking association
Third Coast Bancshares, Inc.
- Bank subsidiary applied to Texas Dept. of Banking on Aug. 16, 2023 to convert state savings bank to banking association.
- Upon approval, primary state regulator becomes Texas Dept. of Banking; Fed will be primary federal regulator.
- Bank notified FDIC, FHLB, Fed, and current state regulator (Texas Dept. of Savings and Mortgage Lending) of conversion.
- Bank will retain Federal Reserve System membership after conversion.