Texas Banking Brief: All The Notable Legal Updates In Q2

In Texas, the second quarter of 2025 saw changes to litigant strategy in the new Texas Business Court and amendments to key Texas Finance Code regulations affecting Texas banks. First, another quarter of data about filings in the Texas Business Court suggests that the frequent transfer of cases from the Houston-based Eleventh Division to other Business Court divisions may have indirectly dissuaded potential parties from filing there. Second, the Texas Department of Banking requested that several bills be passed to amend the Texas Finance Code to "correct drafting errors." One such bill, H.B. 3804, was passed near unanimously by the Texas Legislature and came into immediate effect on June 20. This bill narrows an existing exception to change of control requirements for Texas state banks and closes a cryptocurrency-related loophole on dividends payments.