1ST COLONIAL BANCORP, INC.
For Immediate Release
For more information, contact
Mary Kay Shea at 856‑885‑2391
PRESS RELEASE
1st COLONIAL COMMUNITY BANK NAMED TO
AMERICAN BANKER MAGAZINE TOP 100 COMMUNITY BANK LIST
Mount Laurel, NJ - 1st Colonial Bancorp, Inc. (FCOB), holding company of 1st Colonial Community Bank, announced that the bank has been included in American Banker magazine’s annual ranking of the nation’s top 100 publicly traded banks and thrifts with assets under $2 billion.
Ranked 93rd of the top 100, 1st Colonial is the only New Jersey bank included in this year’s list, which appeared in American Banker on June 10, 2024. The ranking was developed by Washington, DC-based consulting firm Capital Performance Group using three-year average Return on Average Equity (ROAE), covering the period from 2021 to 2023.
“We’re pleased that our sound banking practices, exceptional products, and outstanding service have earned 1st Colonial Community Bank a place on this list,” said Robert B. White, President and Chief Executive Officer. “We’re grateful to our loyal customers and dedicated employees, who have helped our community bank remain strong, stable, and ready to help customers meet their financial goals.”
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About 1st Colonial Bancorp, Inc.
1st Colonial Bancorp, Inc, is a Pennsylvania corporation headquartered in Mount Laurel, New Jersey, and the parent company of 1st Colonial Community Bank (the “Bank”). The Bank provides a range of business and consumer financial services, placing emphasis on customer service and access to decision makers. Headquartered in Collingswood, New Jersey, the Bank has branches in Westville, New Jersey and Limerick, Pennsylvania. The bank also has administrative offices in Mount Laurel, New Jersey. To learn more, call (877) 785-8550 or visit www.1stcolonial.com.
“Safe Harbor” Statement
In addition to historical information, this press release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements with respect to 1st Colonial Bancorp, Inc.’s strategies, goals, beliefs, expectations, estimates, intentions, capital raising efforts, financial condition and results of operations, future performance, and business. Statements preceded by, followed by, or that include the words “may,” “could,” “should,” “pro forma,” “looking forward,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” or similar expressions generally indicate a forward-looking statement. These forward-looking statements involve risks and uncertainties that are subject to change based on various important factors (some of which, in whole or in part, are beyond 1st Colonial Bancorp, Inc.’s control). Numerous competitive, economic, regulatory, legal and technological factors, risks and uncertainties that could cause actual results to differ materially include, without limitation, the impact of the ongoing pandemic and government responses thereto; on the U.S. economy, including the markets in which we operate; actions that we and our customers take in response to these factors and the effects such actions have on our operations, products, services and customer relationships; increased competitive pressures; changes in the interest rate environment; changes in general economic conditions and conditions within the securities markets; legislative and regulatory changes; and the effects of inflation, a potential recession, among others, could cause 1st Colonial Bancorp, Inc.’s financial performance to differ materially from the goals, plans, objectives, intentions and expectations expressed in such forward-looking statements. 1st Colonial Bancorp, Inc. cautions that the foregoing factors are not exclusive, and neither such factors nor any such forward-looking statement takes into account the impact of any future events. All forward-looking statements and information set forth herein are based on management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. 1st Colonial Bancorp, Inc. does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by 1st Colonial Bancorp, Inc. or by or on behalf of 1st Colonial Community Bank.