Santa Anna National Bank Closed
Washington – Santa Anna National Bank, located in Santa Anna, Texas, was shut down today. The Office of the Comptroller of the Currency (OCC) appointed the Federal Deposit Insurance Corporation (FDIC) to take over. The FDIC has entered into a purchase and assumption arrangement with Coleman County State Bank, based in Coleman, Texas, to handle insured deposits and some of the assets from the failed bank.
The lone office of Santa Anna National Bank is set to reopen on Monday, June 30, 2025, as a branch of Coleman County State Bank. Customers who were depositors at the failed bank will automatically become depositors at the new branch. Deposits insured by Coleman County State Bank will continue to be protected by the FDIC, meaning there’s no need for customers to switch banks to ensure their deposit insurance remains intact.
All customers from the former Santa Anna National Bank, now under Coleman County State Bank, can access their insured deposits. This allows them to write checks and use their ATM or debit cards. Checks issued by the bank will still be processed, and loan customers are advised to keep making their payments as they did before.
As of June 18, 2025, the Santa Anna National Bank reported total assets of approximately $53.8 million, with around $2.8 million in deposits exceeding the FDIC insurance limit. This amount may vary as the FDIC gathers more information from customers. As new details emerge, the FDIC will evaluate if it can offer uninsured depositors advance dividends, letting them access some of their uninsured funds.
Customers with accounts exceeding $250,000 should reach out to the FDIC at a toll-free number to set up an appointment to discuss their deposits. This number will be available until 9 PM tonight (Central Time), with specific hours for the following days. Additionally, those seeking more information about this closure can call the toll-free number or check the FDIC’s website. Starting Monday, depositors with amounts over $250,000 can visit the FDIC page to verify their insurance coverage.
Coleman County State Bank has agreed to take on the insured deposits at a premium rate of 5.16%. The FDIC will hold onto most of Santa Anna National Bank’s assets for future sales. Current estimations suggest that this bank failure could cost the Deposit Insurance Fund (DIF) about $23.7 million, though this figure may change as assets are liquidated. Allegations of fraud are contributing factors to the bank’s difficulties and the estimated costs to the DIF.
This marks the second bank failure in the U.S. this year, following the closure of Pulaski Savings Bank in Chicago on January 17, 2025. The last bank failure in Texas occurred with Enrow State Bank in Cooper on May 31, 2019.
