Bank failure · NJ
Harvest Community Bank (Pennsville, NJ) — failed January 13, 2017
Harvest Community Bank of Pennsville, New Jersey was closed on January 13, 2017 and resolved through a purchase and assumption. First-Citizens Bank & Trust Company (NC) took over its insured deposits. At failure it held $124.2M in assets and $122.2M in deposits. The FDIC's estimated loss on the failure is $22.2M (17.8% of assets).
- Closing date
- January 13, 2017
- FDIC certificate #
- 34951
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First-Citizens Bank & Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials