Santa Anna National Bank becomes first Texas bank to fail since 2019
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8 Articles
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. Courtesy of the Santa Anna National Bank 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. What Happened? The Federal …
Fraud suspected in failure of Texas bank
Fraud is suspected in the failure of Santa Anna National Bank of Santa Anna, Texas. The Office of the Comptroller of the Currency closed the bank on June 27, with the FDIC appointed as receiver. The FDIC reached a purchase-and-assumption agreement with Coleman County State Bank of Coleman, Texas, to assume the deposits and some of the assets of the failed bank. “The OCC acted after finding the bank had experienced substantial dissipation of ass…
Santa Anna National Bank Fails, First Texas Failure Since 2019
SANTA ANNA, TX - On Monday, June 30, the Santa Anna National Bank reopened as Coleman County State Bank in cooperation with the FDIC, insuring deposits totaling more than 50 million dollars. Last week, Santa Anna National Bank closed its doors after the bank failed. The reason for failure stated by the Office of the Comptroller of the Currency (OCC), is “unsafe or unsound practices” with fraud as the highlighted concern. Due to an ongoing inves…
Bank Suddenly Shut Down by US Regulators in Second Bank Failure of 2025 - The Daily Hodl
The Federal Deposit Insurance Corporation (FDIC) just announced the second bank failure of 2025. Regulators say The Santa Anna National Bank has been shut down – and foul play at the small Texas lender is suspected. The FDIC has not disclosed the nature of the suspected fraud, and the agency is not sure whether customers with uninsured deposits will be reimbursed. “Once further information is available, the FDIC will consider whether to provide …
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