The dividend will be payable on April 15, 2006.On the heels of steady growth through 2005, the board of directors of 1st Colonial Bancorp (Nasdaq OTC: FCOB) has declared a 5% stock dividend to its shareholders. The dividend will be paid on all outstanding shares held of record as of April 1, 2006. It will be payable on April 15, 2006.
“We opened our third branch in Cinnaminson in September, and as of the close of the third quarter had exceeded $170 million in assets,Â said 1st Colonial’s CEO Gerard M. Banmiller. ÂWe thank our shareholders very much for their support throughout the year, and our Board of Directors thought it appropriate to reward our shareholders with this stock dividend. We look forward to continued growth in 2006.”
1st Colonial Bancorp is the holding company for Collingswood-based 1st Colonial National Bank. As of September 2005, 1st Colonial Bancorp held $172.1 million in assets, $86.5 million of loans and $146.7 million in deposits.