1st Colonial Bancorp Announces Completion of Public Offering and Exercise of Over-Allotment Option.

Business Editors

COLLINGSWOOD, N.J.--(BUSINESS WIRE)--April 26, 2004

1st Colonial Bancorp, Inc. (OTC:FCOB), the holding company for 1st Colonial National Bank, announced that it has completed its public offering of 720,000 shares of common stock at a price of $10.00 per share. The offering was underwritten on a firm-commitment basis by Ryan Beck & Co., Inc. In addition, 1st Colonial announced that Ryan Beck & Co., Inc. had exercised its over-allotment option granted in connection with the offering, and purchased an additional 108,000 shares of the Company's common stock. Net of underwriting discounts and commissions, the Company will receive proceeds of approximately $7.7 million from the closing of the offering and the exercise of the over-allotment. The closing of the offering and the over-allotment occurred on April 26, 2004.

1st Colonial National Bank is a locally managed community bank located in Collingswood, New Jersey. Its services include free personal checking, savings, money market and certificates of deposit accounts. In addition, the bank offers consumer and commercial loans, lines of credit, home equity loans, ATM cards, debit cards and free telephone banking. The bank also plans to commence offering internet banking in the third quarter of 2004.