1st Colonial Community Bank is headquartered in COLLINGSWOOD and is the 30th largest bank in the state of New Jersey. It is also the 1,199th largest bank in the nation. It was established in 2000 and as of December of 2024, it had grown to 99 employees at 4 locations. 1st Colonial Community Bank's savings rates are 8X the national average, and it boasts an A+ health rating.
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?
Overall | |
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FDIC Certificate # | 35456 |
Year Established | 2000 |
Employees | 99 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.14% |
Return on Equity - YTD | 11.82% |
Annual Interest Income | $42.6MM |
Assets and Liabilities | ||
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Assets | Q4 2024vs Q4 2023 | $840.9MM$825MM |
Loans | Q4 2024vs Q4 2023 | $619.8MM$631MM |
Deposits | Q4 2024vs Q4 2023 | $750.9MM$691.3MM |
Equity Capital | Q4 2024vs Q4 2023 | $85.2MM$74.4MM |
Loan Loss Allowance | Q4 2024vs Q4 2023 | $9MM$9.7MM |
Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $1.5MM$4.4MM |
Real Estate Owned | Q4 2024vs Q4 2023 | $258K$0 |
Always verify rates and promotions with the bank or credit union. We are not 1st Colonial Community Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.34% | $0 | - | Online High Yield Savings Account | |
0.60% | $0 | - | Personal Statement Savings Account | |
0.60% | $0 | - | Business Statement Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.92% | $500 | - | 6 month IRA | |
3.35% | $500 | - | 12 month IRA | |
2.69% | $500 | - | 24 month IRA | |
2.53% | $500 | - | 36 month IRA | |
2.53% | $500 | - | 48 Month IRA | |
2.28% | $500 | - | 60 month IRA |
1st Colonial Community Bank Locations | ||
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1st Colonial Community Bank | 1040 Haddon Ave | Collingswood, NJ 08108 |
Westville Branch | 321 Broadway | Westville, NJ 08093 |
Limerick Branch Office | 440 Linfield Trappe Road | Limerick, PA 19468 |