Bank failure · TX
Western Gulf Savings (Bay City, TX) — failed March 9, 1989
Western Gulf Savings of Bay City, Texas was closed on March 9, 1989 and resolved through a insured deposit transfer. Victoria B&tc (TX) took over its insured deposits. At failure it held $154.8M in assets and $243.0M in deposits. The FDIC's estimated loss on the failure is $272.7M (176.1% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 31806
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Victoria B&tc
- Insurance fund
- RTC
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