# FIRST FEDERAL SAVINGS & LOAN

> **Failed bank** · NEW BRAUNFELS, TX · failed 1990-05-25 · SL · FDIC cost $30M

## What happened

FIRST FEDERAL SAVINGS & LOAN of NEW BRAUNFELS, TX was closed by state regulators on **1990-05-25**. 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:** 2778
- **FDIC Certificate:** 29324
- **FDIC FIN:** 7310
- **Bank name:** FIRST FEDERAL SAVINGS & LOAN
- **Location:** NEW BRAUNFELS, TX
- **Failure date:** 1990-05-25
- **FDIC resolution date:** 1991-06-07
- **Charter type:** SL
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $30M
- **Deposits at failure:** $209M
- **Assets at failure:** $232M
- **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
- KARNES COUNTY FS & LA (KARNES CITY, TX) — failed 1990-01-18 — /failed-bank/2624
- WESTERN GULF SAVINGS (BAY CITY, TX) — failed 1989-03-09 — /failed-bank/2207

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FEDERAL%20SAVINGS%20%26%20LOAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FEDERAL SAVINGS & LOAN (FDIC ID 2778), failed 1990-05-25. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/2778.

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