Western announced the pending acquisition of four offices in Broward County and Palm Beach County from the Miami-based Chase Federal Savings and Loan Association for an undisclosed amount. In September 1986, Great Western announced the pending acquisition of the Pensacola-based Southern Home Savings Bank for $25 million in stock. In December 1986, Great Western announced the pending acquisition of the Lake Worth-based SunPoint Savings Bank for $40 million in stock. The acquisition was completed in July 1987. In July 1989, Great Western announced the pending acquisition of 63 out of 71 offices of the Miami-based CenTrust Bank for $150 million in cash. The pending acquisition represented $2.4 billion in CenTrust deposits. But the ailing bank was seized by Office of Thrift Supervision in February 1990 for "unsafe and unsound financial condition", before regulator approval could be obtained that would allow the sale to proceed. After negotiating with the Resolution Trust Corporation, Great Western paid the RTC $86 million in June 1990 for all 71 branch offices and $2.1 billion of failed CenTrust's $5.2 billion in deposits. Centrust's failure was the largest savings and loan failure at that time and it had cost the taxpayers $1.7 billion to protect its depositors. In June 1990, Great Western announced the pending acquisition of the 13 out of 24 Florida offices of the ailing New Jersey-based Carteret Savings Bank for $26.5 million. The acquisition was completed in October 1990. The remainder of Carteret failed and was seized by Federal regulators in December 1992. Also in June 1990, Great Western announced the pending acquisition of the 18 Florida branch offices with $700 million in deposits of the failed California-based Gibraltar Savings from the Resolution Trust Corporation for $3.75 million. In September 1990, Great Western announced the pending acquisition of 27 Florida offices of the failed New Jersey-based City Federal Savings Bank from the Resolution Trust Corporation for $9.75 million. In March 1991, Great Western announced the pending acquisition of all 33 offices of the failed Clearwater-based Pioneer Savings Bank from the Resolution Trust Corporation for $5.25 million. In October 1991, Great Western announced the pending acquisition of the deposits and 23 offices of the failed Orlando-based The First FA from the Resolution Trust Corporation for $23.4 million. In March 1992, Great Western announced the pending acquisition of the deposits of $1.8 billion and the 53 branch offices of the failed Orlando-based AmeriFirst Federal Savings Bank