The Office of the Comptroller of the Currency (OCC) closed The Santa Anna National Bank in Santa Anna, Texas, today. The Federal Deposit Insurance Corporation (FDIC) was appointed as receiver and entered into an agreement with Coleman County State Bank in Coleman, Texas. This agreement allows Coleman County State Bank to assume the insured deposits and some assets of the failed bank.

The sole office of The Santa Anna National Bank will reopen on June 30, 2025, as a branch of Coleman County State Bank. Customers from the failed bank will automatically become depositors at Coleman County State Bank. Insured deposits will continue to be covered by FDIC insurance, eliminating the need for customers to alter their banking arrangements.

Customers of Coleman County State Bank can access their insured deposits and use checks or ATM/debit cards within insured limits. Checks drawn on The Santa Anna National Bank will still be processed, and loan payments should proceed as usual.

As reported on June 18, 2025, The Santa Anna National Bank had total assets amounting to $63.8 million and total deposits of $53.8 million. Approximately $2.8 million exceeded FDIC insurance limits; this figure may change once further information is obtained from customers by the FDIC. Consideration for an advance dividend for uninsured depositors will occur when more data becomes available.

For those with accounts exceeding $250,000, contact with the FDIC is advised at 1-866-314-1744 for appointment scheduling regarding their deposits. This service is available until 9:00 p.m., Central Time (CT), today; Saturday from 9:00 a.m. to 6:00 p.m., CT; Sunday from 12:00 p.m. to 6:00 p.m., CT; Monday from 8:00 a.m. to 8:00 p.m., CT; and subsequently from 9:00 a.m. to 5:00 p.m., CT.

Additional transaction details can be accessed via the toll-free number or through the FDIC’s website starting Monday for depositors with over $250,000 who wish to verify their insurance coverage through "Is My Account Fully Insured?".

Coleman County State Bank acquired insured deposits with a premium rate of 5.16 percent while a significant portion of The Santa Anna National Bank's assets remain under FDIC control for future disposition. Initial estimates suggest that this failure might cost approximately $23.7 million to the Deposit Insurance Fund (DIF), though this may adjust as asset sales progress.

This closure marks only the second bank failure nationwide this year following Pulaski Savings Bank in Chicago on January 17, 2025; it is also noted as Texas's first since The Enloe State Bank closure in Cooper on May 31, 2019.