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Failed NJ bank attracted 9 bids

Failed Harvest Community Bank attracted nine bids, according to a bid summary from the FDIC.

The New Jersey Department of Banking and Insurance shuttered the Pennsville, N.J.-based bank on Jan. 13.

Raleigh, N.C.-based First-Citizens Bank & Trust Co. won the FDIC-brokered auction, placing an all-deposit, whole-bank bid with an asset discount of about $21.5 million.

Details of the cover bid were omitted from the disclosure. There were several other bids for Harvest Community Bank involving asset discounts ranging from roughly $58.3 million to $23.9 million.

The FDIC listed the following as other bidders: Capital Bank of New Jersey; Dallas-based State Bank of Texas, a unit of SBT Bancshares Inc.; and Mount Laurel, N.J.-based Sun National Bank, a unit of Sun Bancorp Inc.

First­-Citizens Bank & Trust is a unit of First Citizens BancShares Inc.