1st Colonial Community Bank

What 1st Colonial Community Bank does

1st Colonial Community Bank was a community banking institution founded in 2000 and headquartered in Mount Laurel, New Jersey, with branch operations in Collingswood and Westville serving the southern New Jersey and greater Philadelphia metropolitan area. The bank offered a standard community bank product set spanning personal deposit accounts (checking, savings, money markets, CDs, IRAs), residential mortgages, home equity loans, personal loans, and business banking services including commercial loans, SBA loans, agricultural loans, cash management, and merchant services. Digital channels included online and mobile banking, card controls, Zelle, and digital wallet integrations. The bank operated under FDIC-insured status as a subsidiary of 1st Colonial Bancorp Inc. (OTCMKTS: FCOB), which traded over-the-counter prior to the acquisition.

Revenue was approximately $49.61 million (parent holding company), with net income of $7.30 million, a net margin of 14.71%, ROE of 10.87%, and EPS of $1.48. Customer segmentation was horizontal, targeting individual consumers and small businesses seeking community-bank-style personalized service as an alternative to larger national institutions. Institutional investors held approximately 13.4% of the parent holding company's equity prior to the transaction. As of February 27, 2026, 1st Colonial Community Bank ceased to operate as an independent entity following its acquisition by Mid Penn Bancorp Inc. in a cash-and-stock transaction valued at approximately $106.1 million. The banking subsidiary was merged into Mid Penn Bank, creating a combined institution with approximately $7 billion in total assets and 62 retail locations across Pennsylvania and central and southern New Jersey. The combined entity subsequently acquired Cumberland Advisors, an investment advisory firm managing approximately $3.2 billion in AUM, extending the platform into wealth management and asset management verticals.

Name

1st Colonial Community Bank

Legal name

1st Colonial Community Bank

Website

https://1stcolonial.com

Company type

Private

Founded year

2000

Operating status

Acquired

Headcount range

51–100 employees

Short description

1st Colonial Community Bank was a New Jersey-based community bank offering personal and business banking products — deposits, mortgages, and commercial loans — to consumers and small businesses in southern New Jersey and the greater Philadelphia metropolitan area, acquired by Mid Penn Bancorp in February 2026.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Residential mortgage lending
• Commercial lending
• Personal deposit accounts
• Small business banking

Headquarters

HQ city

Mount Laurel

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Banking Services Revenue: Revenue generated from traditional banking operations including interest income from loans, deposit services, and related financial services for consumers and small businesses in the southern New Jersey and greater Philadelphia metropolitan area.

Pricing tiers

Distribution channels1 record

Marketing channels1 record

Core offering

1st Colonial Community Bank was a community banking institution providing personal deposit accounts (checking, savings, money market, CDs, IRAs), residential mortgages, home equity loans, personal loans, and a full suite of business banking products including commercial loans, SBA loans, agricultural loans, cash management, and merchant services. The bank served consumers and small businesses in southern New Jersey and the greater Philadelphia metropolitan area through branch locations, online banking, and mobile platforms. Following Mid Penn Bancorp's February 2026 acquisition, the offering was integrated into Mid Penn Bank's broader platform including wealth management, trust services, and the Cumberland Advisors investment unit.

Product overview

1st Colonial Community Bank's products and services are now offered through Mid Penn Bank following the completion of Mid Penn Bancorp's $106.1 million cash-and-stock acquisition of 1st Colonial Bancorp in February 2026. The combined entity operates as a full-service community bank offering personal and business banking through a platform of deposit accounts (checking, savings, money markets, CDs, IRAs), lending products (mortgages, home equity, personal loans, commercial loans, SBA loans, agricultural loans), digital banking channels (online banking, mobile app, card controls, Zelle, digital wallet), credit cards, and trust and wealth management services. The bank also offers private banking, insurance products, and cash management services for business customers. A notable addition is Cumberland Advisors, an acquired investment advisory firm managing approximately $3.2 billion in assets. The unified platform serves individuals and businesses across Pennsylvania and southern New Jersey through 62 retail locations.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 14.71% net margin achieved
• +2 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators9 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• BCB Bancorp: Bayonne, NJ-based community bank serving northern and central New Jersey with consumer and commercial banking services, sharing 1st Colonial's focus on relationship-driven community banking in the densely populated New Jersey market.
• Fulton Financial Corporation: Lancaster, PA-based super-community bank operating across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia with a full suite of consumer and commercial banking products — the most direct Mid-Atlantic community banking peer to 1st Colonial's model.
• Parke Bancorp: Sewell, NJ-based community bank operating primarily in southern New Jersey, providing deposit accounts, commercial loans, and SBA lending to a similar small-business and consumer customer base.
• Univest Financial Corporation: Souderton, PA-based community bank serving eastern Pennsylvania and nearby New Jersey with a similar mix of personal banking, mortgage, and commercial lending services geared to consumers and small businesses.
• Unity Bancorp: Clinton, NJ-based community bank with branches throughout northern and central New Jersey, providing commercial lending, SBA loans, residential mortgages, and consumer deposit products comparable to 1st Colonial's offerings.
• WSFS Financial Corporation: Wilmington, Delaware-based super-community bank with significant presence in southern New Jersey and the greater Philadelphia region, offering comparable consumer, mortgage, and commercial banking products to similar demographic segments.
• Lakeland Bancorp: Oak Ridge, NJ-based community bank with a strong northern and central New Jersey branch network, providing comparable personal and business banking products including SBA loans, commercial real estate financing, and mortgages.
• OceanFirst Financial Corp. Toms River, New Jersey-based community bank with a dense branch network across central and southern New Jersey — directly overlapping 1st Colonial's core southern New Jersey footprint and serving similar consumer and small-business customers.

Regional players

• S&T Bancorp: Indiana, PA-based community bank serving western and central Pennsylvania with consumer and commercial banking products — similar community-bank business model but primarily serving a different region than 1st Colonial's southern New Jersey base.

Broad incumbents

• Customers Bancorp: West Reading, PA-based commercial bank with community-banking divisions across the Mid-Atlantic, offering a comparable mix of business and consumer banking products at a larger scale than 1st Colonial.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/1stcolonial

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 1st Colonial Community Bank