# HILTON HEAD BANK & TRUST COMPANY

> **Failed bank** · HILTON HEAD ISLAND, SC · failed 1991-08-30 · National commercial bank (OCC-chartered) · FDIC cost $21M

## What happened

HILTON HEAD BANK & TRUST COMPANY of HILTON HEAD ISLAND, SC was closed by the OCC 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
- **Estimated FDIC DIF cost:** $21M
- **Deposits at failure:** $63M
- **Assets at failure:** $65M
- **Acquiring bank:** THE ANCHOR BANK (MYRTLE BEACH, SC)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=HILTON%20HEAD%20BANK%20%26%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HILTON HEAD BANK & TRUST COMPANY (FDIC ID 3173), failed 1991-08-30. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3173.

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