Sign outside Sharonview FCU’s new branch on Hilton Head Island. Sign outside Sharonview FCU’s new branch on Hilton Head Island. SOURCE: Sharonview FCU.

Sharonview Federal Credit Union announced Monday it has completed its purchase of two bank branches in an affluent and fast-growing section of South Carolina’s coast.

Bank OZK based in Little Rock, Ark. ($27.2 billion in assets as of Dec. 31) sold its Beaufort County branches: A 6,774-square-foot branch on Hilton Head Island and a 9,500-square-foot branch in Bluffton, seven miles to the west on the mainland. The bank said Jan. 21 that it expected a gain of $4 million to $5 million from the sale.

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Jim DuPlessis

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