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News & EventsBusiness of the Month 


OceanFirst Financial Corp. Completes Acquisition of Colonial American Bank

August 3, 2015- Toms River, NJ - Click here for the press release.

OceanFirst Financial Corp. Announces Agreement to Acquire
Colonial American Bank as OceanFirst Continues Strategic Growth
in Central Jersey Market

February 25, 2015 - Toms River, NJ - Click here for press release

Colonial American Bank Receives Preferred Lender Status by the U.S. Small Business Administration

October 27, 2014 - Shrewsbury, NJ – Colonial American Bank is pleased to announce that the U.S. Small Business Administration (SBA) has designated the bank as a participant in its Preferred Lender Program. This distinction is held by only certain qualified and experienced lenders who possess a successful track record and demonstrate a thorough understanding of the SBA loan process.

As a Preferred Lender Program designee, Colonial American Bank can qualify small businesses quicker by streamlining the underwriting process and making SBA loan credit decisions in-house, both of which enables the bank to expedite loan approvals in a timely manner.  

“SBA Preferred Lender status is just another reason small businesses benefit greatly by working with a community bank.  Local decision making, access to senior management and an experienced SBA lending team all help accelerate the process to provide financing for businesses to grow and expand." stated Anthony Giordano, III, President and CEO.

For more information about the SBA preferred lender program, please contact Andrew Glatz, SVP, SBA Department Manager, at 732-945-4230, or click here.

Colonial American Bank Promotes Lauren S. Bell to Chief Financial Officer

September 5, 2014 – Shrewsbury, NJ – Colonial American Bank (“CAB”) is pleased to announce the appointment of Lauren S. Bell to Senior Vice President and Chief Financial Officer. Bell succeeds Michael Malloy, who served as Senior Vice President and Chief Financial Officer since April 2011 until his resignation last month. 

"Lauren’s extensive experience in accounting and financial management has been a great asset to Colonial American Bank," said Anthony Giordano, III, President and Chief Executive Officer.  "Lauren brings both outstanding people skills and financial expertise to her new role, as she did for the three previous years as the bank’s Controller.  Her promotion to CFO was an easy choice given her track record and value to the Bank."

As the Bank’s Chief Financial Officer, Bell plans, implements, and manages all financial-related activities. She is directly responsible for accounting, finance, strategic planning, and financial-report preparation, as well as summaries and forecasts for future business growth. She oversees the accounting team and manages the day-to-day functions of the accounting, finance and human resource departments. Bell received her B.S. degree in accounting from Monmouth University in 2002 and previously was employed by Central Jersey Bank, N.A. and KPMG LLC.

Colonial American Bank Adds Successful Lending Team to Residential Mortgage Department

SHREWSBURY, NJ - May 1, 2014 - Colonial American Bank announced today that it is expanding its residential mortgage department with the addition of four experienced residential mortgage professionals formerly with Consumers Mortgage Corporation, Middletown, NJ.

The new team members and their respective titles are Douglas C. Reilly, Senior Residential Mortgage Officer; Barbara Taylor, Senior Residential Mortgage Officer; Keith Baldwin, Vice President, Residential Mortgage Operations; and Guen Taylor, Residential Mortgage Closer. With over 75 years of combined residential mortgage experience, they will continue their long standing reputation of providing their well-known and successful “no-cost” mortgage purchase and refinancing programs for homeowners.

“We are very pleased to have the team of dedicated professionals from Consumers Mortgage Corporation, who share our core values and commitment to outstanding customer service,  join the bank to share their expertise and provide enhanced services in the residential mortgage area,” stated Anthony Giordano, III, President and CEO, Colonial American Bank.

“For 28 years we were proud to assist so many customers who had benefitted from our “no cost” mortgage and refinancing programs. We will continue this tradition at the bank and are excited to now have the ability to offer our customers a full range of deposit and loan products and services including commercial mortgages,” stated Douglas C. Reilly, President, Consumers Mortgage Corporation. 

For more information about Colonial American Bank’s residential mortgage services, please call Douglas C. Reilly at 732-671-0001 or Barbara Taylor at 732-784-6803 or 732-693-1635, or click here. Click here to read the article about the team and what they bring to our already successful mortgage department..

Attention Colonial American Bank Customers: Heartbleed Virus Information

As always, your account security is very important to us.  You may have heard some news about the Heartbleed virus that has potentially breached many secure web sites. We are closely monitoring this and immediately began evaluating  our systems for this vulnerability and specifically with respect to our online banking and website.  Our service providers have confirmed that there are no known breaches and they are taking additional steps to ensure that your information is safe.

We also encourage you to proactively take steps to protect yourself. If your online banking password is a common word or not very strong, if you use the same password on other sites, especially email or social media accounts, then we strongly suggest you change it now. We also recommend that you regularly change your passwords and to make your online banking password unique from other websites. Visit the links below for more information about online security.

The Colonial American Bank Team

Colonial American Bank Featured in Asbury Park Press Article

Anthony GiordanoAnthony Giordano, III, President and CEO of Colonial American Bank, was featured in a recent Asbury Park Press article profiling the new names in banking at the Jersey Shore. The banking industry has gone through major changes, and Colonial American Bank is proud to be serving our local communities. Read full article here.





Colonial American Bank Named SBA Breakthrough Lender of the Year for 2013

SBA Breakthrough Lender AwardJanuary 27, 2014 - Shrewsbury, NJ – Colonial American Bank was named Breakthrough Lender of the Year for 2013 by The U.S. Small Business Administration (“SBA”), New Jersey District Office, at the SBA’s Annual Lender Awards Ceremony. The Breakthrough Lender award honors lenders with a greater than 500% increase in the number of closed SBA loans over the prior year.

Anthony Giordano, III, President and CEO, commented, “We are very pleased to receive the SBA Breakthrough Lender award and proud of the level of SBA loan activity our team originated for small businesses in the tri-state area during 2013, our first full year as an SBA lender.  We believe that small businesses are the engines that drive the U.S. economy, and our goal is to help start-up and existing small-business owners secure the funding needed to build and expand their companies and pursue new business opportunities.” Giordano added, “To that end, we are fortunate to have Andrew Glatz, Senior Vice President of SBA Lending, lead our SBA team with a great deal of experience, professionalism and SBA lending success.”

Just a few examples of the SBA loans Colonial American Bank closed in 2013 for small businesses in the tri-state area include; restaurants, a title company, a document shredding company, computer software company, contractors, a car wash, motorcycle repair shop, dental practice and industrial/office buildings.  For information on how you can obtain a SBA loan, please call 732-933-4600 or click here.

Economic Leadership Forum Panel Includes Colonial American Bank CEO

Anthony GiordanoJanuary 7, 2014 - Shrewsbury, NJ – Anthony Giordano, III, President & CEO, Colonial American Bank, will participate on the Financial Services Industry Outlook panel during the New Jersey Economic Leadership Forum on January 10, 2014, at The Palace at Somerset Park in Somerset, NJ. The Forum brings together the State’s most influential business organizations and leaders for an in-depth look at the region’s financial future. Giordano has over 25 years of experience in the banking industry with specific expertise in community banking.

“It is an honor to serve on the panel with such well respected and seasoned banking professionals,” said Giordano.  “The Forum is sure to be an informative event for business owners and associates from around the State of New Jersey.”

The Forum, which also includes panel discussions on healthcare and real estate, features experts in their fields who will share their insights on the issues affecting the Garden State. More information about the event can be found at

Colonial American Bank Presents iPad Mini to “Guess the Pennies”
Contest Winner

Pennies Contest WinnerOctober 8, 2013 – Shrewsbury, NJ – Colonial American Bank presented Robert Solomon, Colts Neck, with an iPad Mini for being the winner of the “Guess the Pennies” contest at the new Shrewsbury branch office.  Robert’s entry of 8,875 pennies was the closest guess to the actual amount in the jar of 8,897 pennies. The contest ran from May 29 through September 3, whereby members of the community who visited the branch were entitled to one entry per day to win the iPad Mini.

"We would like to thank all of the participants for visiting our new Shrewsbury branch office," said Anthony Giordano, III, President and CEO. “A visit to one of our branch offices will clearly demonstrate that they have been designed with both the community and our valued customers in mind. To that end, we invite you to use one of our leading edge conference rooms, free of charge, for your next business or community meeting.”

For more information, please call 732- 389-9500, visit the Shrewsbury branch at 490-B Shrewsbury Plaza or click here.



Colonial American Bank Opens Shrewsbury Branch Office,
Grand Opening Celebration on June 1

Click here to see the photo gallery of our Shrewsbury Branch Grand Opening Celebration

Click here to see the Shrewsbury branch construction photo gallery

May 29, 2013, Shrewsbury, NJ – Colonial American Bank announced today the opening of a new branch office located in Shrewsbury, New Jersey, at 490B Shrewsbury Plaza.  The public is invited to the grand opening celebration on Saturday, June 1, 2013, from 10:00 a.m. – 1:00 p.m.

Leading the Shrewsbury branch office is Sharon Franklin, of West Long Branch, as vice president and branch manager. Franklin, who has over 30 years of banking experience, will facilitate all branch sales, service, business-development strategies and ensuring 100% customer satisfaction by delivering a high level of personalized customer service.  She is joined by Karen Willis of Tinton Falls and Adam Pecoraro of East Brunswick, who combined bring 36 years of banking experience.  As Assistant Branch Manager, Willis is responsible for customer service, sales and operational performance, training, and community involvement. As Head Teller, Pecoraro will oversee the daily operations of the branch including managing cash flow and office security, customer service interactions, new accounts, and team member training.

“Our continued expansion in Monmouth County demonstrates Colonial American Bank’s commitment to serving our community,” said Anthony Giordano, III, President & CEO. “With customer service oriented branch locations in Middletown and Shrewsbury, we strive to build lifelong banking relationships by helping people and their businesses achieve their financial goals,” said Giordano.

The Shrewsbury branch office has a similar design to the Middletown location with a focus on the customer experience, including; a modern, customer-friendly setting featuring a public WiFi area; cookie and coffee bar; customer friendly banquettes for all service needs; LCD information screens; state of the art coin counter; and state of the art conference room with flat screen TV for presentation needs.

To celebrate its new presence in Shrewsbury, the branch is sponsoring an iPad mini giveaway. Enter to win by visiting the Shrewsbury branch office for a free entry. No purchase is necessary, and only one entry, per day, per bank visit. The drawing will take place at the conclusion of the grand opening celebration on June 1, 2013.

Colonial American Bank Receives New Jersey Charter Conversion Approval; Closes Horsham, PA Branch

April 10, 2013, Shrewsbury, NJ –– Colonial American Bank (“the Bank”) is pleased to announce that the New Jersey Department of Banking and Insurance has approved the conversion of the Bank from a Pennsylvania state chartered commercial bank to a New Jersey state chartered commercial bank.  The conversion was effective as of the close of business on Thursday, March 28, 2013, and the Bank reopened on March 29, 2013 as a New Jersey state chartered commercial bank.  In conjunction with the charter conversion, the Bank closed its Horsham, Pennsylvania branch on March 28, 2013.  The Bank’s main office is now located at 1405 Route 35 North, Middletown, NJ 07748.

"We are very pleased and excited to have been approved for the bank charter conversion by the New Jersey Department of Banking and Insurance,” said Anthony Giordano, III, President & CEO.  “We look forward to growing our customer base in New Jersey by providing outstanding loan and deposit products and the highest level of personalized customer service.  We would like to thank all of our loyal Horsham, Pennsylvania customers for allowing us to serve them these past seven years,” said Giordano.  

Jim Brown Joins Colonial American Bank as Senior Vice President for Residential Mortgage

Jim BrownFebruary 26, 2013, Shrewsbury, NJ – Colonial American Bank (“CAB”) is pleased to announce that Jim Brown, of Neptune Township, has joined the Bank as Senior Vice President, Residential Mortgage. 

Jim’s responsibilities include overseeing the residential mortgage department and its loan officers as well as expanding the Bank’s visibility and reach in the marketplace.  He brings more than 30 years of industry experience in mortgage banking and a wealth of local knowledge of the real estate community. Prior to joining the CAB team, Jim has worked with various financial institutions over the years and has been recognized as a top performer throughout his career.

"We are delighted that Jim has become a part of the Bank’s senior management team and will utilize his expertise in growing our residential mortgage department and product offerings,” said Anthony Giordano, III, President and CEO of Colonial American Bank. "We know the mortgage process can be confusing and frustrating for consumers, and with Jim’s leadership, we strive to simplify the process by providing transparency, flexibility, and the personalized customer service that only a local community bank can offer.”

To learn more about our residential mortgages, please contact Jim Brown at 732-245-5121,


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