The FDIC total  bank closures hit 73 on Friday.

Pinehurst Bank, St. Paul, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation as receive.

According to the agency, As of March 31, 2010, Pinehurst Bank had approximately $61.2 million in total assets and $58.3 million in total deposits

The FDIC estimates that the cost to the Deposit Insurance Fund will be $6 million.

Douglas A. McIntyre

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