1st Colonial Bancorp Reports Filing of Registration Statement.

Business Editors

COLLINGSWOOD, N.J.--(BUSINESS WIRE)--March 19, 2004

1st Colonial Bancorp, Inc. (OTC:FCOB), the holding company for 1st Colonial National Bank, today announced that it has filed a registration statement on Form SB-2 with the Securities and Exchange Commission with respect to a proposed offering by 1st Colonial of approximately 600,000 shares of common stock. Ryan Beck & Co., Inc. will be the underwriter of the offering and will be granted a 30-day option to purchase up to an additional 15% of the offering. 1st Colonial anticipates that it will commence the offering in the second quarter of 2004.

The registration statement also covers the proposed sale from time to time by certain selling shareholders of up to 92,402 shares of 1st Colonial common stock that these shareholders will receive upon the exercise of outstanding warrants that they hold. These shares are being registered at the request of these warrant holders pursuant to their rights under the warrants.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. This offering will be made only by means of a prospectus. This offering represents new financing and is not a refunding of any outstanding securities.

To receive a copy of the preliminary prospectus when it is available, contact Ryan Beck & Co., 220 South Orange Avenue, Livingston, NJ 07039, [phone].

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.

This Release contains forward-looking statements. These statements are not historical facts and include statements about management's strategies and expectations. Such forward-looking statements involve certain risks and uncertainties. Because of such risks and uncertainties, actual results and performance may be materially different from results indicated by these forward-looking statements. Factors that might cause a difference include, but are not limited to, general economic conditions; changes in interest rates, deposit flows, loan demand, real estate values and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting the bank's operations, pricing, products and services. More detailed information concerning 1st Colonial's financial condition and results of operations can be found in the company's annual and quarterly reports filed with the Securities and Exchange Commission. These reports can be accessed over the Internet at www.sec.gov. More information on 1st Colonial can be found online at www.1stColonial.com or by telephoning 1st Colonial's main branch at 856-858-1100.