The Graveyard › Banks › 1991

Hilton Head Bank & Trust Company

Hilton Head Island, SC · failed August 30, 1991 · FDIC certificate 26273

Hilton Head Bank & Trust Company of Hilton Head Island, SC failed on August 30, 1991. It opened on June 17, 1985, 6 years before. At its last report before that it held $64.6 million in assets and $63.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1990, it held $74.6 million. The FDIC estimates that the Bank Insurance Fund lost $20.9 million on it.

1985-061991-06

Assets at the end$64.6 millionlast report before August 30, 1991

Deposits at the end$63.0 million

Estimated loss to the fund$20.9 millionBIF

Largest in the quarterly reports$74.6 millionMarch 31, 1990

Equity to assets1.6%June 30, 1991

Loans not being repaid11.7%noncurrent, June 30, 1991

Return on assets-8.19%a year's rate, June 30, 1991

Staff39full time, June 30, 1991

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Also ended in 1991

Bank of New England, National Association · Boston, MA · $13.4 billion in assets
Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
Goldome · Buffalo, NY · $9.9 billion in assets
Great American Fsa · San Diego, CA · $9.5 billion in assets
The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
Sunbelt Savings · Irving, TX · $6.0 billion in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.