1st Colonial Bancorp's 2007 Net Income and Deposits Up 4.8% and 20.9% Respectively; Total Assets Exceed $200 Million.

COLLINGSWOOD, N.J. -- Gerry Banmiller, the President and Chief Executive Officer of 1st Colonial Bancorp, Inc. (OTCBB:FCOB), holding company of 1st Colonial National Bank, today announced: "We are glad to report to our shareholders and to the public that despite a significant amount of negative news from other banks, 1st Colonial continues to grow in net income and assets. Our results being released today demonstrate that the bank continues on in its upward trend in profitability and growth."

1st Colonial's net income for the year ended December 31, 2007 was $887,000, an increase of 4.8% over the 2006 fiscal year. Additionally, diluted earnings per share increased to $0.31 for the year ended December 31, 2007 from $0.29 for the year ended December 31, 2006. Net interest income for 2007 increased 5.0% or $250,000 over 2006. Other income for 2007 of $580,000 represented an increase of $59,000 or 11.3%, compared to 2006. Non-interest expense in 2007 increased $368,000 or 8.9% from the comparable period in 2006. Occupancy and equipment expense related to the bank's move to its new administrative and operations headquarters in May 2007 accounted for $105,000 of the increase. Continued attention to credit quality allowed the bank to decrease its loan loss provision by $64,000 for 2007.

1st Colonial reported $218.3 million in assets and $123.4 million in loans at December 31, 2007. These amounts reflect an increase of $33.5 million in assets and $11.9 million in loans from December 31, 2006. Deposits were $189.6 million, an increase of $32.8 million or 20.9% from December 31, 2006.

Highlights as of December 31, 2007 and December 31, 2006, comparing the year ended December 31, 2007 and the year ended December 31, 2006, respectively, include the following (dollars in thousands, except per share data):

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1st Colonial National Bank, the subsidiary of 1st Colonial Bancorp, provides a range of business and consumer financial services, placing emphasis on customer service, access to decision makers and quick turnaround on credit applications. Headquartered in Collingswood, New Jersey, the Bank also has branches in the New Jersey communities of Westville and Cinnaminson. To learn more, call [phone] 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; changes in interest rates, deposit flows, loan demand, and real estate values; competition; changes in accounting principles, policies or guidelines; changes in laws or regulation; new technology and other factors affecting our operations, pricing, products and services.