Third Coast Bancshares (TCBX) just unveiled an update.
Third Coast Bancshares, Inc. has announced that its subsidiary, Third Coast Bank, has successfully transitioned from a Texas state savings bank to a Texas banking association as of March 13, 2024. This change means that the Bank’s primary state regulator is now the Texas Department of Banking, with the Federal Reserve taking on the role of primary federal regulator for both the Bank and the Company. This strategic move keeps the Bank within the Federal Reserve System, signaling a significant shift in its regulatory framework.
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