1st Colonial Bancorp Second Quarter Profit up 12 Percent.

COLLINGSWOOD, N.J. -- 1st Colonial Bancorp, Inc. (OTC:FCOB), holding company of 1st Colonial National Bank, announced today that second quarter 2007 earnings rose 12.8% or $19,000. Net income for the three months ended June 30, 2007 was $168,000 compared to $149,000 for the three months ended June 30, 2006. Additionally, diluted earnings per share were $.05 for the three month periods ended June 30, 2007 and 2006. The earnings per share numbers for both periods have been adjusted to reflect the 5% stock dividends paid on April 17, 2006 and April 16, 2007.

At June 30, 2007, 1st Colonial reported $192.5 million in assets and $164.3 million in deposits. These amounts reflect an increase of $5.7 million in assets and $5.6 million in deposits from June 30, 2006. Loans were $115.7 million, an increase of $11.5 million or 11.0% from June 30, 2006.

For the quarter, 1st Colonial's net interest income was $57,000 higher than the second quarter of 2006. In addition, other income increased by $34,000 or 29.1%. This increase is attributable to higher fees generated on mortgage loans sold, service charges and other fee income. Other expenses increased by $43,000 or 4.1%, as salaries and benefits increased by $23,000, occupancy expense increased by $27,000 due to our new administrative offices, and data processing expense increased by $12,000 due to the bank's growth, and loan and business development expenses decreased.

Gerry Banmiller, President and Chief Executive Officer of 1st Colonial said, "At a time when many banks are having earnings challenges, it speaks to the quality of the effort here at 1st Colonial National Bank that we are able to post a double-digit earnings increase. Coupled with an increase in deposits and assets, the good news of our bank's performance is impressive."

Net income for the six months ended June 30, 2007 was $359,000, a 21.7% increase from the comparable period in 2006. Net interest income increased 7.1% or $169,000 for the six month period. Other income increased $44,000 or 17.7% to $292,000 for the six month period ended June 30, 2007 compared to the six month period ended June 30, 2006. Other expense increased $116,000 or 5.6% from the comparable period in 2006. Non-recurring expenses related to relocating our administrative offices to a new building on May 5, 2007 accounted for $22,000 of this increase.

Highlights as of June 30, 2007 and June 30, 2006, and comparing the three and six months ended June 30, 2007 to the three and six months ended June 30, 2006, respectively (all unaudited), include the following (dollars in thousands, except per share data):

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1st Colonial National Bank, the subsidiary of 1st Colonial Bancorp, opened in Collingswood in June 2000. The bank provides a range of business and consumer financial services, placing emphasis on customer service, access to decision makers and quick turnaround on credit applications. Its second branch was opened in Westville in January 2003 and a third branch opened in Cinnaminson in September 2005. 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 1st Colonial's business. There are risks and uncertainties that may cause 1st Colonial's 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 regulations; new technology and other factors affecting our operations, pricing, products and services.