Bank Failure
Harvest Community Bank
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Closed January 13, 2017 · Pennsville, NJ · FDIC Cert #34951.
- Closing date
- January 13, 2017
- Headquarters
- Pennsville, NJ
- FDIC Certificate
- 34951
- Total assets at closing
- $124.2M
- Total deposits at closing
- $122.2M
- Estimated loss to the insurance fund
- $22.2M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First-Citizens Bank & Trust Company
Context
On January 13, 2017, regulators closed Harvest Community Bank, headquartered in Pennsville, NJ. At closing, the institution held approximately $124.2M in assets and $122.2M in deposits. The FDIC record names First-Citizens Bank & Trust Company as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $22.2M.
By assets at closing this is the 1069th largest of the 3,526 bank failures in the FDIC record, and the 5th of 8 in 2017. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Harvest Community Bank fail?
Harvest Community Bank was closed by regulators on January 13, 2017.
Who acquired Harvest Community Bank?
The FDIC record names First-Citizens Bank & Trust Company as the acquiring institution in the resolution of Harvest Community Bank.
How big was Harvest Community Bank when it failed?
Harvest Community Bank had approximately $124.2M in total assets and $122.2M in deposits at the time of failure.
Other failures in 2017
| Date | Bank | Assets |
|---|---|---|
| Dec 15, 2017 | Washington Federal Bank for Savings | $166.3M |
| Oct 13, 2017 | The Farmers and Merchants State Bank of Argonia | $33.0M |
| May 26, 2017 | Fayette County Bank | $34.4M |
| May 5, 2017 | Guaranty Bank | $1.03B |
| Apr 28, 2017 | First NBC Bank | $3.33B |
| Mar 3, 2017 | Proficio Bank | $68.2M |
| Jan 27, 2017 | Seaway Bank and Trust Company | $297.8M |
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