Renamed HMS Belmont, the destroyer was used as a convoy escort in the Battle of the Atlantic where she was torpedoed and sunk on 31 January 1942.

[5][6] Satterlee joined her destroyer flotilla at Manzanillo, Cuba on 27 January 1920 and conducted training in the Caribbean until 26 April.

[5] Saterlee attended that year's America's Cup yachting races off New York City from 9–26 July, and visited Miami from 2–28 August before resuming training off Newport.

[5] With war breaking out in both Europe and the Far East, Satterlee was recommissioned at Philadelphia on 18 December 1939 and assigned to duty on Neutrality Patrol.

Satterlee was transferred to the United Kingdom on the same day and served the Royal Navy as HMS Belmont, one of 50 old American destroyers exchanged for bases in British colonies in the western Atlantic.

On 31 January 1942, she was struck by a single torpedo south of Newfoundland in position 42º02'N, 57º18'W, and sunk with the loss of all 138 hands by the German U-boat U-82 while escorting a convoy (NA.2) of British and Canadian airmen to the United Kingdom.