After 99 years of educating students in Camden, New Jersey, Holy Name School has officially closed its doors.

CBS News Philadelphia reports that on the last day of classes, students and staff gathered for a final assembly to honor the K-8 school's long history.  

Founded in 1927, Holy Name has been a cornerstone of the North Camden community.

Catholic Partnership Schools, which oversees Holy Name within the Diocese of Camden, said the decision to close came after reviewing enrollment trends, financial sustainability and the school's long-term viability.

"This is a deeply difficult moment for our school community," Jameka Walker, executive director of Catholic Partnership Schools, said. "We remain committed to supporting our students and families with care, compassion and dignity throughout this transition."

Officials said most students will continue their education at other schools within the Catholic Partnership Schools family, including St. Joseph Pro-Cathedral School in Camden, St. Cecilia School in Pennsauken and Sacred Heart School in Camden.