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Wednesday, February 8, 2012

1st Colonial Bancorp Reports a Profit of $678, 000 for the Year Ended December 31, 2011

1 st Colonial Bancorp, Inc. (OTCBB:FCOB), holding company of 1 st Colonial National Bank, today reported that its net income for the year ended December 31, 2011 was $678,000 ($0.21 per share), compared to $240,000 ($0.08 per share) for the year ended December 31, 2010. Gerry Banmiller, President and Chief Executive Officer, commented, "We are adjusting to the conditions imposed by the current economic climate. The lack of dramatic growth, driven by lower demand, as well as a smaller pool...continued
     

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