1st Colonial Bancorp, Inc. · Collingswood, NJ United States · (OTC: FCOB)
Company Description
More Companies in: Collingswood, New Jersey
More Companies in These Related Industries: Commercial Banking
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This link will open in a new window 1st Colonial Bancorp is the holding company for 1st Colonial National Bank. Founded in 2000, the bank serves residents and businesses of southern New Jersey through branches in the communities of Cinnaminson, Collingswood, and Westville. It provides traditional deposit products such as checking, savings, NOW, and money market accounts, CDs, and IRAs. The bank's lending portfolio is primarily made up of commercial and residential real estate loans and, to a lesser extent, business, construction, and consumer loans. Additional services include check cards and online banking. To read the full description, subscribe now.
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Key 1st Colonial Bancorp, Inc. Financials
| Company Type | Public - OTC: FCOB Headquarters |
| Fiscal Year-End | December |
| Employees | 38 |
1st Colonial Bancorp, Inc. Executives
15 executives listed for 1st Colonial Bancorp, Inc.'s Collingswood, NJ location.
| Title | Name & Bio | Contact |
| Chairman | Linda Rohrer | |
| President, CEO, and Director, 1st Colonial Bancorp and 1st Colonial National Bank | Gerard Banmiller | |
| SVP Operations, 1st Colonial National Bank | Irene Clark |
Competition
Competitive Landscape for 1st Colonial Bancorp, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top 1st Colonial Bancorp, Inc. Competitors
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