>Santa Anna National Bank
Closed by Federal Regulators;
>Deposits Assumed by Coleman County State Bank Marking the End of a 90-Year Chapter in Santa Anna’s Story
>Santa Anna National Bank, a staple of the Santa Anna community since 1933, was closed Friday by the Office of the Comptroller of the Currency, making it the first Texas bank failure of 2025.
>The Federal Deposit Insurance Corporation (FDIC) was appointed as receiver and announced that all insured deposits have been assumed by Coleman County State Bank, based in Coleman, Texas. The transition will allow customers uninterrupted access to their funds and banking services.
>Santa Anna National Bank operated a single branch location in Santa Anna, which will reopen as a Coleman County State Bank office during normal business hours beginning Monday, June 30.
> The offices of the FDIC also wants to emphasize the following:
>“Theinsureddeposits assumed by Coleman County State Bank will continue to be insured by the FDIC so there is no need for customers to change their banking relationship to retain their deposit insurance coverage.”
>“All Coleman County State Bank customers (formerly, The Santa Anna National Bank) will have access to theirinsureddeposits and can write checks or use their ATM or debit cards up to their insured limits. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.”

>>60559795 (OP)
>“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.Once further information is available, the FDIC will consider whether to provide uninsured depositors an advance dividend (i.e. access to a portion of their uninsured funds) and will provide more information at that time.”
>“Customers with accounts greater than $250,000 should contact the FDIC toll-free at1-866-314-1744to set up an appointment to discuss their deposits. This phone number will be operationalthis eveninguntil 9:00 p.m., Central Time (CT);on Saturday from 9:00 a.m. to 6:00 p.m., CT;on 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 thereafterfrom 9:00 a.m. to 5:00 p.m., CT.”
>This is the third bank failure in the U.S. in 2025. A reason for the closure was not disclosed in the federal statement.

im sure it's just an isolated incident bro

>>60559795 (OP)
Why do I need insurance to deposit money in a vault? The vault taxes themselves aren't enough?

>>60559795 (OP)
Nothing will come from this

>>60559902
This but unironically

Jerome never lowered the rates. Its just like that chart the FDIC posted showing just how underwater banks are today.

>>60559797
>$53.8 million
literally couch cushion change to big daddy USA

Just as long as we don't scare the public...
We will be fine...

https://m.youtube.com/watch?v=sdxTuc-GLMI

>>60559795 (OP)
can someone access this article?
https://www.barrons.com/articles/occ-bank-failure-santa-anna-national-bank-texas-4c21850f
title is
>Regulators, Suspecting Fraud, Close Tiny Texas Lender in Year’s Second U.S. Bank Failure
>Suspecting Fraud
I guess it's not the same story as the SVB...

Might be the illegal immigrants packing up and leaving. Then it causes the bank to default. Illegal immigrants sign up with fake information.

>>60559795 (OP)
I'm a doomer but that is just a small, local bank. No big deal.

nothingburger