WASHINGTON – In a brazen move, the Office of the Comptroller of the Currency (OCC) shut down the Santa Anna National Bank of Santa Anna, Texas, citing suspected fraud that led to the bank’s failure.
The Federal Deposit Insurance Corporation (FDIC) stepped in, assuming the insured deposits and some of the assets of the failed institution through a purchase and assumption agreement with Coleman County State Bank of Coleman, Texas.
As of June 18, 2025, The Santa Anna National Bank reported total assets of $63.8 million and total deposits of $53.8 million. Approximately $2.8 million of the deposits exceeded FDIC insurance limits, an amount that is likely to change once the FDIC obtains additional information from customers.
Customers with accounts greater than $250,000 should contact the FDIC toll-free at 1-866-314-1744 to set up an appointment to discuss their deposits. The FDIC will consider whether to provide uninsured depositors an advance dividend and will provide more information at a later date.
Coleman County State Bank agreed to assume the insured deposits for a 5.16 percent premium. The FDIC will retain a large portion of the assets of The Santa Anna National Bank for later disposition. The FDIC preliminarily estimates that the failure will cost its Deposit Insurance Fund (DIF) about $23.7 million.
The Santa Anna National Bank is the second bank to fail in the nation this year, following Pulaski Savings Bank of Chicago on January 17, 2025. The last failure in Texas was The Enloe State Bank of Cooper, Texas on May 31, 2019.
With the acquisition by Coleman County State Bank, depositors of The Santa Anna National Bank will have access to their insured deposits and can continue to use their accounts as usual. The FDIC’s swift action has saved the day for the bank’s customers, preventing a potential financial disaster.
The FDIC’s website will provide more information on the transaction and the status of the bank’s assets. Customers can also call the FDIC’s toll-free number for assistance.
The FDIC’s intervention is a testament to its commitment to protecting depositors and maintaining stability in the financial system.
Contact: FDIC, Brian Sullivan, 202-412-1436, for more information.
Last Updated: June 27, 2025
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Key Facts
- Agency: FDIC
- Category: Fraud & Financial Crimes
- Source: Official Source â†â€â€ÂÂÂ
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