# GREAT WEST SAVINGS BANK

> **Failed bank** · AUSTIN, TX · failed 1988-09-30 · SL · FDIC cost $191M

## What happened

GREAT WEST SAVINGS BANK of AUSTIN, TX was closed by state regulators on **1988-09-30**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **FRANKLIN FEDERAL BCORP, A F** (AUSTIN, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1941
- **FDIC Certificate:** 30362
- **FDIC FIN:** 1807
- **Bank name:** GREAT WEST SAVINGS BANK
- **Location:** AUSTIN, TX
- **Failure date:** 1988-09-30
- **FDIC resolution date:** 1988-09-30
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $191M
- **Deposits at failure:** $182M
- **Assets at failure:** $180M
- **Acquiring bank:** FRANKLIN FEDERAL BCORP, A F (AUSTIN, TX)

## Other banks FRANKLIN FEDERAL BCORP, A F has acquired in FDIC resolutions

- FRANKLIN SAVINGS ASSOCIATION (AUSTIN, TX) — failed 1988-09-30 — /failed-bank/1944
- CREDITBANC SAVINGS ASSOCIATION (AUSTIN, TX) — failed 1988-09-30 — /failed-bank/1943

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GREAT%20WEST%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GREAT WEST SAVINGS BANK (FDIC ID 1941), failed 1988-09-30. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1941.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*