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Another bank has failed—this time in Texas. You may not have seen it all over the news, but it’s the second U.S. bank to shut down in 2025, in addition to the Chicago-based Pulaski Savings Bank, which shuttered in January.
Texas-based Santa Anna National Bank, which had been in business since 1933, was shut down by regulators on June 27. “Suspected fraud” contributed to the closure, forcing the Office of the Comptroller of the Currency to take action.
The Federal Deposit Insurance Company (FDIC) was named receiver of Santa Anna National Bank. Because the bank was FDIC-insured, all customers who had deposits of up to $250,000 per depositor per ownership category will have seen their money moved to Coleman County State Bank.
Existing customers whose deposit accounts were transferred to Coleman County State Bank should find that their debit cards, direct deposit and checks still work. The FDIC has said that Santa Anna customers who had more than $250,000 in their accounts will be handled on a case-by-case basis.
Should I Be Worried?
In short, the answer is no. But, Santa Anna’s shuttering is a solid reminder to double-check where your money lives. Ensure your bank is FDIC-insured—or, if you bank with a credit union, that it’s National Credit Union Administration (NCUA) insured—to protect you in the event your financial institution fails. While this wasn’t a major national collapse, bank failures are always unsettling.
Here are some things to keep in mind, according to the FDIC:
All in all, your money is probably fine. But even a “quiet” bank failure like this one is a good excuse to take five minutes to ensure your money is safe and protected.