WESTERN GULF SAVINGS Failed 1989
What happened
WESTERN GULF SAVINGS of BAY CITY, TX was closed on 1989-03-09. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to VICTORIA B&TC (VICTORIA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2207
- FDIC Certificate
- 31806
- FDIC FIN
- 7219
- Bank name
- WESTERN GULF SAVINGS
- Location
- BAY CITY, TX
- Failure date
- 1989-03-09
- FDIC resolution date
- 1990-11-08
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $273M
- Deposits at failure
- $243M
- Assets at failure
- $155M
- Acquiring bank
- VICTORIA B&TC (VICTORIA, TX)
Other banks VICTORIA B&TC acquired in FDIC resolutions