Santa Anna National Bank becomes first Texas bank to fail since 2019

SANTA ANNA, Texas (KTAB/KRBC) – The Office of the Comptroller of the Currency (OCC) has closed the Santa Anna National Bank. Here’s what you need to know.

Santa Anna National Bank is the second U.S. bank to fail in 2025, following the closure of Pulaski Savings Bank in Chicago on January 17. It’s the first Texas bank failure since Enloe State Bank in Cooper closed in May 2019.

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class="wp-block-heading">What Happened?

The Federal Deposit Insurance Corporation (FDIC) has entered into an agreement with Coleman County State Bank to assume all insured deposits and certain assets of the failed bank.

According to the FDIC, suspected fraud played a role in the bank’s collapse.

In a statement, the FDIC said:

“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. This loss estimate will change over time as the assets are sold.”

What Happens Next?

The Santa Anna National Bank office will reopen as a branch of Coleman County State Bank on Monday, June 30. Customers do not need to take any action — all accounts will automatically transfer, and insured deposits will remain protected by the FDIC.

What about insured deposits?

Insured deposits will continue to be insured by the FDIC, ensuring that customers do not need to change their banking relationships to maintain their insurance coverage.

What About Uninsured Deposits?

As of June 18, Santa Anna National Bank reported:

• Total assets: $63.8 million
• Total deposits: $53.8 million
• Estimated uninsured deposits: $2.8 million

That figure may change as the FDIC reviews additional account details. The agency says it may offer an advance dividend to uninsured depositors — giving partial access to their funds — and will provide more information as it becomes available.

If you have more than $250,000 in an account:

Customers with deposits exceeding $250,000 should call the FDIC’s toll-free line at (1-866) 314-1744 to set up an appointment:

• Saturday: 9:00 a.m. – 6:00 p.m.
• Sunday: 12:00 p.m. – 6:00 p.m.
• Monday: 8:00 a.m. – 8:00 p.m.
• Thereafter: 9:00 a.m. – 5:00 p.m.

You can also visit the FDIC’s website and use the tool “Is My Account Fully Insured?” to check coverage.

Need More Information?

Visit FDIC.gov or call the number above for the latest updates regarding your accounts and next steps.