>“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.

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