South Jersey bank to pay stock dividend

1st Colonial Bancorp Inc. of Collingswood today declared a 5 percent stock dividend, payable April 15 to shareholders on April 1.

Each shareholder will receive one share of common stock for every 20 shares of common stock he owns on that date.

The banking company's earnings rose 9.6 percent in the first nine months of this year compared with the 2007 perdiod, president and chief executive officer Gerard M. Banmiller said.

The company, formed in 2000, owns 1st Colonial National Bank and has $225 million in assets. It operates three branches.