PINEHURST BANK Failed 2010
What happened
PINEHURST BANK of ST. PAUL, MN was closed on 2010-05-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COULEE BANK (LA CROSSE, WI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3806
- FDIC Certificate
- 57735
- FDIC FIN
- 10240
- Bank name
- PINEHURST BANK
- Location
- ST. PAUL, MN
- Failure date
- 2010-05-21
- FDIC resolution date
- 2010-05-21
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $58M
- Assets at failure
- $61M
- Acquiring bank
- COULEE BANK (LA CROSSE, WI)