1st Colonial Bancorp Announces the Public Offering of 720,000 Shares of Common Stock

1st Colonial Bancorp Announces the Public Offering of 720,000
Shares of Common Stock 


COLLINGSWOOD, N.J., April 21  /PRNewswire-FirstCall/ -- 1st Colonial Bancorp,
Inc. , the holding company for 1st Colonial National Bank, announced that it
has entered into an underwriting agreement with Ryan Beck & Co., Inc. ("Ryan
Beck") for the sale of 720,000 shares of common stock.  The offering was priced
at $10.00 per share.  1st Colonial also granted Ryan Beck an option,
exercisable for a period of 30 days, to purchase an additional 108,000 shares
to cover over-allotments, if any.  The offering is expected to close April 26,
2004.

Ryan Beck is the sole bookrunner for the offering.  The offering was made
pursuant to a registration statement filed with the Securities and Exchange
Commission, which was declared effective by the SEC on April 20, 2004.  The net
proceeds are expected to be  approximately $6.3 million.

1st Colonial National Bank is a locally managed community bank located in
Collingswood, New Jersey.  Its services include free personal checking,
savings, money market and certificates of deposit accounts.  In addition, the
bank offers consumer and commercial loans, lines of credit, home equity loans,
ATM cards, debit cards and free telephone banking.  The bank also plans to
commence offering internet banking in the third quarter of 2004. 

DATASOURCE: 1st Colonial Bancorp, Inc.



CONTACT:  Gerry Banmiller, 1st Colonial National Bank, [phone]

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