Bank failure · MN
Pinehurst Bank (St. Paul, MN) — failed May 21, 2010
Pinehurst Bank of St. Paul, Minnesota was closed on May 21, 2010 and resolved through a purchase and assumption. Coulee Bank (WI) took over its insured deposits. At failure it held $61.2M in assets and $58.3M in deposits. The FDIC's estimated loss on the failure is $8.4M (13.7% of assets).
- Closing date
- May 21, 2010
- FDIC certificate #
- 57735
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Coulee Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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