HARVEST COMMUNITY BANK Failed 2017

What happened

HARVEST COMMUNITY BANK of PENNSVILLE, NJ was closed on 2017-01-13. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FIRST-CITIZENS BANK & TRUST COMPANY (RALEIGH, NC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

4089

FDIC Certificate

34951

FDIC FIN

10523

Bank name

HARVEST COMMUNITY BANK

Location

PENNSVILLE, NJ

Failure date

2017-01-13

FDIC resolution date

2017-01-13

Charter type

State commercial bank, non-Federal Reserve member (FDIC-supervised)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$22M

Deposits at failure

$122M

Assets at failure

$124M

Acquiring bank

FIRST-CITIZENS BANK & TRUST COMPANY (RALEIGH, NC)

Other banks FIRST-CITIZENS BANK & TRUST COMPANY acquired in FDIC resolutions

• SILICON VALLEY BANK (SANTA CLARA, CA) — failed 2023-03-10
• GUARANTY BANK (MILWAUKEE, WI) — failed 2017-05-05
• FIRST CORNERSTONE BANK (KING OF PRUSSIA, PA) — failed 2016-05-06
• NORTH MILWAUKEE STATE BANK (MILWAUKEE, WI) — failed 2016-03-11
• CAPITOL CITY BANK & TRUST COMPANY (ATLANTA, GA) — failed 2015-02-13
• COLORADO CAPITAL BANK (CASTLE ROCK, CO) — failed 2011-07-08
• FIRST REGIONAL BANK (LOS ANGELES, CA) — failed 2010-01-29
• VENTURE BANK (LACEY, WA) — failed 2009-09-11