1st Colonial Bancorp Year-to-Date Net Income Up 8%.

COLLINGSWOOD, N.J. -- 1st Colonial Bancorp, Inc. (OTC:FCOB), holding company of 1st Colonial National Bank, announced today that net income for the nine months ended September 30, 2007 was $596,000, an increase of 8.4% from the comparable period in 2006. Diluted earnings per share were $0.21 for the nine month period ended September 30, 2007 and $0.19 for the nine month period ended September 30, 2006, in each case as adjusted to reflect the 5% stock dividends paid on April 17, 2006 and April 16, 2007. Net interest income increased 5.4% or $199,000 for the nine month period. Other income increased $47,000 or 12.1% to $388,000 for the nine month period ended September 30, 2007 compared to the nine month period ended September 30, 2006. Non-interest expense increased $214,000 or 6.9% from the comparable period in 2006.

At September 30, 2007, 1st Colonial reported $197.7 million in assets and $169.8 million in deposits. These amounts reflect an increase of $9.0 million in assets and $10.0 million in deposits from September 30, 2006. Loans were $121.3 million, an increase of $13.2 million or 12.2% from September 30, 2006.

Net income for the three months ended September 30, 2007 was $236,000 compared to $255,000 for the three months ended September 30, 2006, a decline of 7.5%. Additionally, diluted earnings per share were $.09 for the three month period ended September 30, 2007 and for the three month period ended September 30, 2006, in each case as adjusted to reflect the 5% stock dividends paid on April 17, 2006 and April 16, 2007.

For the quarter, 1st Colonial's net interest income was $31,000 higher than the third quarter of 2006. However, other expenses increased by $98,000 or 9.4%. Occupancy expense accounted for $34,000 of the increase, due to expenses associated with our new administrative offices; FDIC and OCC assessments increased by $24,000; data processing expense increased by $24,000; and salaries and benefits increased by $15,000. Continued attention to credit quality allowed the Bank to decrease its loan loss provision by $38,000.

Gerry Banmiller, the President and Chief Executive Officer of 1st Colonial, said: "We are glad to report to our shareholders and to the public that despite all the negative news about the banking environment, our bank continues to grow in net income and assets."

Highlights as of September 30, 2007 and September 30, 2006, and comparing the three and nine months ended September 30, 2007 to the three and nine months ended September 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, 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 three branches are located in Collingswood, Westville and Cinnaminson, New Jersey. 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. Consequently, all of the forward-looking statements made in this release are qualified by the cautionary statements above and there can be no assurance that the actual results anticipated by the Bank will be realized, or that they will have the expected consequences to, or effects on, the Bank or the Bank's business or operations.