Bank Suddenly Shut Down by US Regulators in Second Bank Failure of 2025

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 uninsured depositors an advance dividend (i.e. access to a portion of their uninsured funds) and will provide more information at that time…

Suspected fraud contributed to the failure of the bank and estimated cost to the Deposit Insurance Fund (DIF).”

The bank has reported $53.8 million in total deposits, and the FDIC says about $2.8 million of those deposits exceed its insurance limits at time of publishing.

The first bank failure of 2025 happened in January, when regulators shuttered Pulaski Savings Bank in Chicago, Illinois.

The FDIC Office of Inspector General later said the lender collapsed because it had $20.7 million in deposit liabilities that were unaccounted for, which left the bank critically undercapitalized.

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