FCOB 1st Colonial Bancorp Inc (PK)

Effective as of the opening of business on November 1, 2012 and following receipt of required regulatory approvals, 1st Colonial National Bank, the wholly owned subsidiary of 1st Colonial Bancorp, Inc. (OTCBB:FCOB), converted from a national bank to a New Jersey state-chartered bank, as authorized by the National Bank Act and New Jersey law. As a result of the conversion, the bank opened on November 1, 2012 as an FDIC-insured New Jersey bank operating under the name, “1st Colonial Community Bank.”

“We believe that the charter conversion will allow greater ability to execute our strategy as a New Jersey-based community bank and remain competitive in the markets we serve,” said Gerry Banmiller, the Bank’s President and Chief Executive Officer.

As a state-chartered bank, 1st Colonial will be regulated primarily by the New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation (FDIC). The conversion to a state charter will not have any significant financial or regulatory impact or affect 1st Colonial’s current activities or customers.

1st Colonial Community Bank provides a range of business and consumer financial services, placing emphasis on customer service and access to decision makers. Headquartered in Collingswood, New Jersey, the Bank also has branches in the New Jersey communities of Westville and Cinnaminson. To learn more, call (856) 858-8402 or visit www.1stcolonial.com.

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 economic conditions; unanticipated loan losses, lack of liquidity; varying and unanticipated costs of collection with respect to nonperforming loans; changes in interest rates, changes in FDIC assessments, deposit flows, loan demand, and real estate values; changes in relationships with major customers; operational risks, including the risk of fraud by employees or outsiders; competition; changes in accounting principles, policies or guidelines; changes in laws or regulations and in the manner in which the regulators enforce same; new technology and other factors affecting our operations, pricing, products and services.

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