多宝游戏下载

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Bank Failures

Failed Bank Information for Pinehurst Bank, Saint Paul, MN

Information for Pinehurst Bank, Saint Paul, MN

  1. Introduction
  2. Press Release
  3. Acquiring Financial Institution
  4. Priority of Claims
  5. Dividend Information
  6. Purchase and Assumption Agreement
  7. Bid Summary
  8. Receivership Termination

Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

I.  Introduction

On Friday, May 21, 2010, Pinehurst Bank, Saint Paul, MN was closed by the Minnesota Department of Commerce, and the Federal Deposit Insurance Corporation (多宝游戏下载) was named Receiver. As Receiver, the 多宝游戏下载 is charged with winding up the business affairs of the failed financial institution. This includes the disposition of assets and liabilities of the failed financial institution and payment of dividends to approved creditors in order of priority.

The 多宝游戏下载, as Receiver, has taken all necessary actions to conclude the affairs of the failed financial institution, made all dividend distributions as required by law and the receivership estate is deemed terminated.


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II.  Press Release

The 多宝游戏下载 has issued a press release about the institution's closure.  If you represent a media outlet and would like information about the closure, please contact David Barr at 1-202-898-6992.


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III.  Acquiring Financial Institution

All deposit accounts, including brokered deposits, have been transferred to Coulee Bank, La Crosse, WI and will be available immediately.  The former Pinehurst Bank location will reopen as a branch of Coulee Bank during regular business hours.

You may contact Coulee Bank at:

Coulee Bank
1516 Losey Boulevard South
La Crosse, Wisconsin 54601

For general questions about 多宝游戏下载 deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the 多宝游戏下载's Electronic Deposit Insurance Estimator.


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IV.  Priority of Claims

In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:

  1. Depositors
  2. General Unsecured Creditors
  3. Subordinated Debt
  4. Stockholders


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V. Dividend Information


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VIII.  Receivership Termination

The 多宝游戏下载 as Receiver for the Pinehurst Bank Company has taken all actions necessary to terminate the Receivership Estate.

The Receiver published a legal notice of intent to terminate the receivership on July 10, 2012.

The Receiver has made all dividend distributions required by law.

Effective October 1, 2012, the Receivership Estate has been terminated, the Receiver was discharged and the Receivership Estate ceased existence as a legal entity.


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General Disclaimer

Last Updated: September 22, 2022