Closure of Santa Anna National Bank
Santa Anna National Bank, a longtime fixture in Santa Anna since 1933, was shut down on Friday by the Secretary of Currency, becoming the first Texas bank failure of 2025.
The Federal Deposit Insurance Corporation (FDIC) has taken over, announcing that Coleman County State Bank, based in Coleman, Texas, will be managing all deposits. This change ensures that customers can continue accessing their funds and banking services without interruption.
Santa Anna National Bank had one branch in Santa Anna, which will reopen as the Coleman County State Bank office on Monday, June 30th, during standard business hours.
CCSB’s CEO, Reave Scott, expressed enthusiasm about integrating the staff from SANB into their team, noting, “We’re dedicated to meeting the banking needs of SANB customers, just as we’ve done for Coleman, Abilene, and more recently, San Angelo.”
For over nine decades, Santa Anna National Bank has played a crucial role for families, ranchers, and small businesses in the area. It was known for its personalized service and strong connections within the community, being more than just a financial institution—it was woven into the town’s identity.
Santa Anna Mayor John Morris reflected on the impact of the closure, stating, “Today marks a somber moment for the residents of Santa Anna as we wrap up an era that began in 1933.” He expressed gratitude to the Coleman County State Bank for opening a branch and urged citizens to welcome them into the community.
Customers will not need to take action to ensure their deposit insurance remains valid, with coverage staying at a limit of $250,000 per depositor and category. Services like checks, debit cards, ATMs, and online banking will continue under the new ownership.
The FDIC has estimated the costs to its deposit insurance fund will be around $23.7 million, assuring that taxpayer money will not be used, as losses are covered by fees from member banks.
This marks the third bank failure in the US for 2025. Specific reasons for the closure were not disclosed in the federal statement.
For further details, refer to the official FDIC update.
