About 1st Colonial Bancorp
1st Colonial Bancorp, Inc. operates as the holding company for 1st Colonial Community Bank (the Bank) that provides commercial and retail banking services in New Jersey.
The company operates through its two branch offices located in Collingswood and Westville and a loan production office in Haddonfield, New Jersey.
Loans
As of December 31, 2020, the company’s loans included commercial real estate, construction and land development, commercial, residential real estate, and consumer loans.
Investment Securities
As of December 31, 2020, the company’s investment securities comprised the U.S. government securities; mortgage-backed securities; and corporate bonds.
Deposits
As of December 31, 2020, the company’s deposits included non-interest and interest checking accounts, money market deposits, savings accounts, brokered deposits, and certificates of deposit.
Regulation
As a bank holding company registered under the Bank Holding Company Act of 1956, the company is subject to the supervision and regulation of the Board of Governors of the Federal Reserve System (FRB). The Bank's deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The company's operations and those of the Bank are subject to supervision and regulation by FRB, the FDIC, and the New Jersey Department of Banking and Insurance.
History
1st Colonial Bancorp, Inc. was founded in 2000. The company, a Pennsylvania corporation, was incorporated in 2006.