1st Colonial Bancorp, Inc. Announces Stock Re-Purchase Program

COLLINGSWOOD, N.J., Aug. 3  /PRNewswire-FirstCall/ -- 1st Colonial Bancorp, Inc. (OTC:FCOB) (BULLETIN BOARD: FCOB)  announced today that its Board of Directors has approved a stock re-purchase program pursuant to which the company may re- purchase up to $1,000,000 of its outstanding common stock.  Under the program, re-purchases may be made from time to time in the open market or in privately negotiated transactions at such prices as management of the Company deems appropriate.

1st Colonial will have the right to repurchase issued and outstanding shares under this program until January 31, 2008, unless extended by its Board of Directors.  The repurchased shares will be held as treasury shares available for issuance in connection with 1st Colonial's stock option plans.

Mr. Gerard M. Banmiller, the President and Chief Executive Officer of the Company stated: "We believe that this buy back program is an appropriate use of our capital to enhance shareholder value and liquidity in our stock."

1st Colonial National Bank, the subsidiary of 1st Colonial Bancorp, opened in Collingswood in June 2000.  The bank provides a range of business and consumer financial services, placing emphasis on customer service, access to decision makers and quick turnaround on credit applications.  Its second branch was opened in Westville in January 2003 and a third branch opened in Cinnaminson in September 2005.  To learn more, call [phone] or visit http://www.1stcolonial.com/. 

DATASOURCE: 1st Colonial Bancorp, Inc.



CONTACT:  Gerard M. Banmiller, President and Chief Executive Officer, 1st

Colonial Bancorp, Inc., [phone]



Web site:  http://www.1stcolonial.com/ 

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