Question 1

What is 1st Colonial Community Bank?

Accepted Answer

1st Colonial Community Bank is a community-focused commercial bank headquartered in Collingswood, New Jersey, serving customers throughout southern New Jersey and southeastern Pennsylvania. With over $842 million in assets and four full-service branches, the bank provides comprehensive personal and business banking services with a strong emphasis on affordable housing and community development.

The bank has built its reputation on personalized service, long-term customer relationships, and a deep commitment to supporting low-to-moderate income borrowers through specialized lending programs.

Question 2

When was 1st Colonial Community Bank founded?

Accepted Answer

1st Colonial Community Bank was founded in 2000, making it a relatively young institution that has grown significantly over its more than 20 years of operation. The bank was established with a mission to serve the financial needs of underserved communities in southern New Jersey and southeastern Pennsylvania.

Under the leadership of President and CEO Robert B. White, the bank has focused on building strong community relationships and expanding its affordable mortgage and small business lending programs while maintaining its local, independent character.

Question 3

Where is 1st Colonial Community Bank headquartered?

Accepted Answer

1st Colonial Community Bank is headquartered in Collingswood, New Jersey, located in Camden County. The main office is situated at 1040 Haddon Avenue in Collingswood.

Collingswood is part of the greater Philadelphia metropolitan area, positioning the bank strategically within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan statistical area.

Question 4

Where does 1st Colonial Community Bank operate?

Accepted Answer

1st Colonial Community Bank operates four full-service branches across southern New Jersey and southeastern Pennsylvania. Branch locations include Collingswood and Westville in New Jersey, and Limerick in Pennsylvania.

The bank's primary service area encompasses Camden County and surrounding communities in southern New Jersey, as well as portions of the Philadelphia suburbs. The bank focuses on serving neighborhoods and communities within the Philadelphia-Camden-Wilmington metropolitan area.

Question 5

What services does 1st Colonial Community Bank offer?

Accepted Answer

1st Colonial Community Bank offers a full range of personal banking services including checking accounts, High Yield Savings Accounts, All in Account (combination checking and high-interest savings), and certificates of deposit. The bank specializes in residential mortgages with a focus on affordable mortgage programs for low-to-moderate income borrowers in designated LMI (Low Moderate Income) and MMT (Majority Minority Tract) areas.

For business customers, the bank provides commercial checking and savings accounts, commercial real estate financing, SBA 7(a) loans, lines of credit, term loans, and equipment financing. Digital services include online banking, mobile banking with mobile deposit, telephone banking, bill pay, and Zelle for instant payments. The bank also offers identity theft protection services and instant issue debit cards at branch locations.

Question 6

What makes 1st Colonial Community Bank unique?

Accepted Answer

1st Colonial Community Bank stands out for its strong commitment to affordable housing and community development, operating specialized programs that help low-to-moderate income families achieve homeownership. The bank's Affordable Mortgage program provides low fixed-rate mortgages with less strict lending requirements than conventional mortgages, making homeownership accessible to more families.

The bank maintains down payment assistance programs and helps customers navigate federal, state, and county mortgage assistance options. As a community bank, 1st Colonial emphasizes relationship banking over transactional banking, with loan officers who work closely with customers throughout the entire process. The bank's Team Spark initiative organizes employee volunteer efforts at food banks, cancer research organizations, and other charitable causes, with employees receiving paid time off for volunteer work.

Question 7

What type of financial institution is 1st Colonial Community Bank?

Accepted Answer

1st Colonial Community Bank is a State Bank operating under a New Jersey state banking charter. It is regulated by the New Jersey Department of Banking and Insurance and is a member of the Federal Deposit Insurance Corporation (FDIC).

As a state-chartered community bank, 1st Colonial focuses on serving local markets with specialized products designed to meet the unique needs of its communities, particularly in affordable housing and small business development. The bank operates as a commercial bank offering both retail and business banking services while maintaining its community-oriented mission.

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