# WESTERN GULF SAVINGS

> **Failed bank** · BAY CITY, TX · failed 1989-03-09 · SL · FDIC cost $273M

## What happened

WESTERN GULF SAVINGS of BAY CITY, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $273M
- **Deposits at failure:** $243M
- **Assets at failure:** $155M
- **Acquiring bank:** VICTORIA B&TC (VICTORIA, TX)

## Other banks VICTORIA B&TC has acquired in FDIC resolutions

- EXECUTIVE BANC SA (NEW BRAUNFELS, TX) — failed 1990-11-09 — /failed-bank/2937
- FIRST FEDERAL SAVINGS & LOAN (NEW BRAUNFELS, TX) — failed 1990-05-25 — /failed-bank/2778
- KARNES COUNTY FS & LA (KARNES CITY, TX) — failed 1990-01-18 — /failed-bank/2624

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WESTERN GULF SAVINGS (FDIC ID 2207), failed 1989-03-09. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2207.

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