1st Colonial Community Bank is headquartered in COLLINGSWOOD and is the 30th largest bank in the state of New Jersey. It is also the 1,170th largest bank in the nation. It was established in 2000 and as of March of 2025, it had grown to 100 employees at 4 locations. 1st Colonial Community Bank has an A+ health rating.
In-Person Visit For Online Account Application?
I attempted to open a High Yield Savings Account on 1st Colonial Community Bank’s website and got a notice that my application was being reviewed and someone would be in touch with a decision in 1-3 business days. After not hearing back from anyone, I sent an email to customer service asking for a status on my application?
The following day I got a response that unfortunately they were unable to open my account with no other explanation as to what happened? So I responded and asked if they could provide a reason why my application had been rejected and they replied back that I simply did not qualify for an online account, but they offered that I visit a local branch and meet with them to establish an in-person relationship with them first?
I have been following competitive rates for awhile now and have opened many deposit accounts over the years and I have never been turned down by any bank before, so this was a first for me. It also defeats the purpose of having an online account if you require customers visit a local branch location as part of the application process?
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35456 |
| Year Established | 2000 |
| Employees | 100 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.95% |
| Return on Equity - YTD | 9.41% |
| Annual Interest Income | $10.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $867.6MM$817.5MM |
| Loans | Q1 2025vs Q1 2024 | $622.5MM$632.7MM |
| Deposits | Q1 2025vs Q1 2024 | $759.3MM$672.4MM |
| Equity Capital | Q1 2025vs Q1 2024 | $87.9MM$76.4MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $9.1MM$9.9MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $1.5MM$1.1MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $258K$0 |