The Office of the Comptroller of the Currency appointed the Federal Deposit Insurance Corporation as receiver for The Santa Anna National Bank in Santa Anna, Texas, after determining the bank was operating in an unsafe or unsound condition. The action followed findings of substantial dissipation of assets and earnings due to unsafe or unsound practices and that the bank’s assets were less than its obligations to creditors and others. As of March 31, 2025, the bank reported approximately USD 77 million in total assets. The FDIC will release information on the bank’s resolution.
Office of the Comptroller of the Currency 2025-06-27
Office of the Comptroller of the Currency appoints FDIC as receiver for The Santa Anna National Bank
The Office of the Comptroller of the Currency appointed the Federal Deposit Insurance Corporation as receiver for The Santa Anna National Bank in Texas due to unsafe or unsound conditions. The bank faced substantial asset and earnings dissipation, with assets falling below obligations. As of March 31, 2025, the bank reported approximately USD 77 million in total assets.