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An Area Bank Failure Sparks Railroad Commission Lawsuit
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An Area Bank Failure Sparks Railroad Commission Lawsuit
COLEMAN COUNTY, TX — The suspected fraud that contributed to the June 2025 collapse of Santa Anna National Bank has now reached federal court in San Angelo, where the Texas Railroad Commission is fighting the FDIC to recover money pledged as financial assurance for oil and gas well plugging.In a complaint filed May 28, 2026, in the U.S. District Court for the Northern District of Texas, San Angelo Division, the Railroad Commission of Texas seeks…
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