Bank failure · SC

Hilton Head Bank & Trust Company (Hilton Head Island, SC) — failed August 30, 1991

Hilton Head Bank & Trust Company of Hilton Head Island, South Carolina was closed on August 30, 1991 and resolved through a purchase and assumption. The Anchor Bank (SC) took over its insured deposits. At failure it held $64.6M in assets and $63.0M in deposits. The FDIC's estimated loss on the failure is $20.9M (32.3% of assets).