1st Colonial Bancorp Announces 5% Stock Dividend
19 December 2009 - 2:21AM
Business Wire
On December 16, 2009, the Board of Directors of 1st Colonial
Bancorp, Inc. (OTCBB:FCOB) 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,
2010 and will be payable on April 15, 2010. 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 once again pleased to
announce 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
$257 million in assets as of September 30, 2009. We are
anticipating the completion of our tenth consecutive year of growth
in 2009.”
1st Colonial Bancorp, Inc. is the holding company for 1st
Colonial National Bank, a commercial bank headquartered in
Collingswood, New Jersey. This Release contains forward-looking
statements that are not historical facts and include statements
about management’s strategies and expectations about our business.
There are risks and uncertainties that may cause our actual results
and performance to be materially different from results indicated
by these forward-looking statements. Factors that might cause a
difference include deteriorating economic conditions; changes in
interest rates, deposit flows, loan demand, and real estate values;
competition; unexpected loan losses; changes in accounting
principles, policies or guidelines; changes in laws or regulation;
new technology and other factors affecting our operations, pricing,
products and services.
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