1st Colonial Bancorp Announces Five Percent Stock Dividend

  
    
  
  
    
      The Board of Directors of 1st Colonial Bancorp, Inc. (OTCBB:FCOB) has 
      declared a five percent stock dividend to the company's shareholders. 
      The dividend will be distributed on all issued and outstanding shares 
      held of record as of April 1, 2008 and will be payable on April 15, 
      2008. Accordingly, each shareholder as of the record date will receive 
      one share of common stock for every 20 shares of common stock that they 
      own on that date, plus an additional share in lieu of any fractional 
      share payable to the shareholder.
    
    
      1st Colonial's President and Chief Executive Officer, Gerard M. 
      Banmiller, stated: “We are very pleased to 
      announce yet another stock dividend to our shareholders in appreciation 
      for their support. The capital that our shareholders have provided since 
      our formation in June 2000 has allowed us to grow to over $197 million 
      in assets as of September 30, 2007. Through the first three quarters of 
      2007, our earnings increased by 8.4% over the same period in 2006, and 
      we anticipate similar growth for the full fiscal year. Unfortunately, 
      our stock price has been adversely affected by the downturn in financial 
      institution stocks generally, caused mostly by the problems at the very 
      large institutions. However, trading at below book value, our stock 
      remains a great buy. We are anticipating our ninth consecutive year of 
      growth in 2008, and we look forward to continuing our emphasis on 
      customer service, loan quality and shareholder value.”
    
    
      1st Colonial Bancorp, Inc. is the holding company for 1st Colonial 
      National Bank, a commercial bank headquartered in Collingswood, New 
      Jersey.