– USA, NJ – 1st Colonial Bancorp, Inc. (OTC: FCOB) today announced that the Boards of Directors of the corporation and its subsidiary, 1st Colonial Community Bank, have appointed Robert B. White as the president and CEOof both the holding company and the bank, effective February 3, 2020.
Chairman Linda Rohrer commented, “We are very pleased that Bob White has agreed to become our new CEO. We looked at many candidates, and believe that he is the one best suited to lead 1st Colonial into this new chapter for our bank. He is a results-driven banker with a strong credit background. Also, his extensive risk management experience will be invaluable to our Board. We thank Gerry Banmiller very much for all his leadership and guidance over these last 20 years, and we wish him all the best in his retirement.”
He succeeds Gerard M. Banmiller, the current president and CEO of both companies, who is retiring.
About Bob White
Mr. White brings 30 years of experience in banking and financial services with him to 1st Colonial. Most recently he served as the Executive Vice President and Chief Risk Officer for Customers Bank, a commercial bank headquartered in Wyomissing, Pennsylvania with over $11 billion in assets. While at Customers Bank, he oversaw all risk management functions, including compliance, credit/loan review, and third-party risk management, for a rapidly growing and profitable community bank. He was also president of the Bank’s Special Assets Group which managed and substantially reduced the Bank’s non-performing assets. For several years he also served as the Bank’s Director of Corporate Development in charge of the Bank’s acquisitions and strategic partnerships.
About 1st Colonial Community Bank
1st Colonial Community Bank, the subsidiary of 1st Colonial Bancorp, provides a range of business and consumer financial services, placing emphasis on customer service and access to decision-makers. Headquartered in Collingswood, New Jersey, the Bank also has a branch in the New Jersey community of Westville and administrative offices in Cherry Hill, New Jersey.
For more information: https://www.1stcolonial.com
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