First-Citizens Bank & Trust Company, Raleigh, North Carolina Assumes All of the Deposits of Harvest Community Bank, Pennsville, New Jersey — 2017-01-13

Harvest Community Bank, Pennsville, New Jersey, was closed today by the New Jersey Department of Banking and Insurance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First-Citizens Bank & Trust Company, Raleigh, North Carolina, to assume all of the deposits of Harvest Community Bank. The four branches of Harvest Community Bank will reopen as branches of First-Citizens Bank & Trust Company during their normal business hours. Depositors of Harvest Community Bank will automatically become depositors of First- Citizens Bank & Trust Company. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.