FCOB 1st Colonial Bancorp Inc (PK)

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.