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 investigation, details are extremely sparse.
Customers with insured deposits of up to $250,000 should have no issue with account access or services going forward.
Small businesses and farmers will suffer the most, as small banks such as Santa Anna National offer crucial advice for backbone American ranches.
If you or a family member may have uninsured deposits in Santa Anna, the FDIC recommends you call
(1-866) 314-1744
If you would like to hear the full press release, read via link here:
Santa Anna National Bank Fails, First Texas Failure Since 2019
(Credit: Google Maps)
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