On Friday, May 21, 2010, Pinehurst Bank, Saint Paul, MN was closed by the Minnesota Department of Commerce. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
All deposit accounts, including brokered deposits, have been transferred to Coulee Bank, La Crosse, WI. For more information on Coulee Bank, visit us at http://www.CouleeBank.net/WelcomeToCouleeBank.
The FDIC has assembled useful information regarding your relationship with Pinehurst Bank. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit, and other relationships with the institution.