Circular
Closing of Citizens Community Bank
May 4, 2009
Circular No. 12093

We have been advised that effective May 1, 2009, the Commissioner of New Jersey Department of Banking and Insurance issued an order providing for the closing of Citizens Community Bank, Ridgewood, New Jersey (CCB) (0212 13892) and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC has entered into a purchase and assumption agreement pursuant to which it transferred certain assets and liabilities and all of the deposits of CCB to North Jersey Community Bank, Englewood Cliffs, New Jersey (0212 13944).

North Jersey Community Bank has agreed, effective Monday May 4, 2009, to receive certain payment transactions of CCB, including funds transfers, checks and automated clearinghouse transactions bearing the routing number of CCB.