1St Colonial Bancorp Announces Five Percent Stock Dividend.COLLINGSWOOD, N.J. -- At its monthly meeting held on November 15, 2006, the Board of Directors of 1st Colonial Bancorp, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FCOB FCOB Flip Chip-On-Board FCOB Fisher College of Business (Ohio State University) ) voted to declare a five percent stock dividend to the corporation's shareholders. The dividend will be distributed on all issued and outstanding shares held of record as of April 2, 2007 and is payable on April 16, 2007. "We have now maintained our growth for seven straight years," said 1st Colonial's President and Chief Executive Officer, Gerard M. Banmiller. "As of the close of the third quarter, we exceeded $188 million in total assets. Through the first three quarters of 2006, our earnings remained constant, despite the flat yield curve Flat Yield Curve A chart that shows that the yields of bonds with short maturities are equal to the yields of bonds with longer maturities. and the increased expenses from opening our third branch in Cinnaminson in September 2005. We thank our shareholders very much for their support throughout the year, and our Board of Directors desires to again express its appreciation with a 5% stock dividend. With three branches in place and our loan growth strong, we are poised for continued success in 2007." 1st Colonial Bancorp, Inc. is the holding company for 1st Colonial National Bank The full name of the bank is National Bank of Fiji trading as Colonial National Bank. The bank is a subsidiary of Commonwealth Bank and has the largest branch network in Fiji. It also has a majority holding in one of the two merchant banks in the country. , a commercial bank headquartered in Collingswood, New Jersey Collingswood is a Borough in Camden County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,326. Collingswood was incorporated as a borough by an Act of the New Jersey Legislature on May 22, 1888, from portions of Haddon . |
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