HILTON HEAD BANK & TRUST COMPANY Failed 1991

HILTON HEAD ISLAND, SC · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

HILTON HEAD BANK & TRUST COMPANY of HILTON HEAD ISLAND, SC was closed on 1991-08-30. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to THE ANCHOR BANK (MYRTLE BEACH, SC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3173
FDIC Certificate
26273
FDIC FIN
4394
Bank name
HILTON HEAD BANK & TRUST COMPANY
Location
HILTON HEAD ISLAND, SC
Failure date
1991-08-30
FDIC resolution date
1991-08-30
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$21M
Deposits at failure
$63M
Assets at failure
$65M
Acquiring bank
THE ANCHOR BANK (MYRTLE BEACH, SC)