1st Colonial Bancorp, Inc.
Client Reviews on 1st Colonial Bancorp, Inc.
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I have been banking with 1st Colonial since their inception. They live up to their motto "Nice people with money". Thank you for the personal attention when it is needed.
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Staff is miserable! The two times I've been there have both been painful. I try to support local businesses, but it's very difficult when you get treated so poorly.
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Fast and friendly service and they are nice people with money.
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Apparently millennials are upset about tongue-in-cheek commercials. For my money though, actions talk and BS walks. I used 1st Colonial to mortgage my first home and I worked with Jason and Peggy and I can't give higher praise. I'm an impatient DIY type of person and I ask a lot of questions. Every annoying little question or email was answered meticulously and I never felt more comfortable, even making one of the largest transactions I will ever make in my life. Rates were amazing, service was excellent, highly recommend you check these guys out for your mortgage needs.
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I like this bank. Have had good experiences at the Westville branch drive through, quick and friendly. All good at the branch in Collingswood too, my kids like to bring their piggy banks to the coin machine. Staff always friendly.
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This bank is the most unprofessional financial institution that I have ever dealt with in my 17-years of entrepreneurship. Paul S. Chafchun was hired Nov2018; he is the most arrogant, sarcastic, condescending individual that you would ever expect to be working in a loan department of a bank. He pressured me into closing out my Business Line of Credit (LOC) to instead open a Home Equity Line of Credit (HELOC); Under his guidance we closed the Business Line of Credit. When I expressed frustration in having to complete another application he said, “I will fill out the application for you. Please sign and e-mail it to me.” That sounded extremely unprofessional and concerning that he wanted me to sign a blank financial document and he would later insert data. Instead, I completed the application and submitted the application for the Home Equity Line of Credit only to learn that the Bank would not provide the HELOC due to the fact that the property was owned by a Limited Liability Company (LLC). The bank already knew the property was owned by an LLC and so should have Mr. Chafchun. Due to Mr. Chafchun’s inadequacies and inattentiveness, to our specific situation, resulted in our company being left in limbo. When this issue was brought to his attention, he basically stated he could care less and told us that we could find another bank. When we inquired about using another property as collateral to secure a HELOC Mr. Chafchun repeatedly ignored my emails and phone calls, all of which I have documented. When I pressed the issue, I finally received a phone call at which time he told me that he had spoken to the Directors within the bank and they decided to “take a pass” on providing us loans. Now keep in mind, not only have we never missed a payment but just in the calendar year 2018 we paid an estimated $52,000 in interest, and this was the treatment we received. I wanted to share my experience with the President, Gerard Banmiller; I left a message but he never returned my call. From the onset there were warning signs which I should have heeded but instead I settled and tolerated it only because my accountant had referred this institution. Some examples are: the hours are terrible, they demanded that I open checking accounts with their bank and they charge not only a $10 a month Maintenance fee but also a fee for each transaction made; its not the amount that was charged but just the principle. The online banking features are absolutely horrible and so frustrating to say the least; the website is antiquated and far from user friendly. They required a 2nd Property Appraisal despite the fact that they had already obtained one just two years prior. Their appraisals come in MUCH lower than other lenders. We had appraisals from other lenders which were considerably higher and in fact the appraisal they obtained even came in much lower than the appraised value of the County Tax Assessors Office. So, if you are looking for a bank to yield you the highest value for your property then clearly this bank will not do you any justice. This bank also likes to nickel and dime you by inserting hidden fees so be sure that you read all the fine print. Their rates are variable and, in my assessment, tend to be ¼ % higher than their competitors. In summary, with my Credit Score, my history of making on time payments, my projected future earnings, multiple businesses you would think this small community bank would be salivating for my business. However, Mr. Chafchun literally laughed me off the phone and told me to find another lender. His pure arrogance and disdain for my due diligence of fully understanding the internal and federal policies was too much for him to handle. In the end, his lack of intellect and his lack of people skills resulted in not only me finding a new Lender but also my Accountant, which is a very large South Jersey firm, has decided to pull all of their business from this lender because they too have reached their threshold and instead will be referring their customers to other lenders. Buyer Beware!
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Great bank and customer service
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Very pleasant staff and always helpful when I come. They have a drive-thru for two cars.
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Worked with them to setup a home equity line of credit. They could not have been easier or more pleasant to work with, and we got it setup quickly to meet my needs.
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I work two jobs, close to 65 hours a week, and I haven't been unemployed since I was 16. In fact, I wouldn't even know what this sorry excuse for a bank was if I didn't hear their commercials on KYW News Radio, the station I listen to when I drive from one job to the next. Your disgraceful ads are an insult to an entire generation of young people who work just as hard as I do to get by. Many young people have no choice but to work unpaid internships to get their foot in the door for a low paying job despite working their fingers to the bone. Just as many young people manage to make a reasonable salary and work their tails off to do so. This generation is the most educated in history (and by association, most in debt). This bank's idea of a stereotypical millennial stuck on their phone all day doesn't exist. I hope you change your approach to advertising.
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