News & Events
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.
Deby Findley Joins SBA Department at Colonial American Bank
April 5, 2013, Shrewsbury, NJ – Colonial American Bank is pleased to announce that Deby Findley has joined its Small Business Administration (SBA) loan department as Vice President, SBA and Commercial Loan Officer. She brings over 30 years of successful SBA lending and banking industry experience to the growing institution.
"We are very excited to have Deby join our outstanding group of commercial and SBA loan officers,” said Anthony Giordano, III, President & CEO. “Deby’s primary lending experience has been focused on assisting small businesses, which are the economic engine of the U.S. economy, grow and expand by providing accessible funding in a prudent manner. At Colonial American Bank, we make all of our lending decisions at the local level, and through professional loan officers such as Deby, have the flexibility to customize loans and provide sound financial solutions for our business customers,” said Giordano.
For more information about the SBA program, please contact Deby Findley at 732-945-5701, dfindley@colonialamericanbank.com or visit http://www.colonialamericanbank.com.
Jim Brown Joins Colonial American Bank as Senior Vice President for Residential Mortgage
February 26, 2012, 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, jbrown@colonialamericanbank.com.
Coming Soon - Shrewsbury Branch
Our new Shrewsbury, NJ branch, located in Shrewsbury Plaza, is scheduled to open in April. Click here to see how construction is progressing.
Colonial American Bank Featured in New Jersey Banker Magazine
We are pleased to be featured in the Fall 2012 issue of New Jersey Banker Magazine. Click here to read article.
Colonial American Bank Adds SBA Lending to Service Offerings
September 18, 2012, Shrewsbury, NJ – Colonial American Bank (CAB) announces the addition of the U.S. Small Business Administration (SBA) program to its commercial banking services for small to middle market companies in both New Jersey and Pennsylvania. Andrew Glatz, Toms River, has joined the management team as Senior Vice President, SBA Lending, bringing over 20 years of SBA lending and banking industry experience to the program. Dave Clerkin, Monroe, joins CAB as SBA Underwriter.
"Small businesses are the engine that drives the U.S. economy. We know that in today’s economic climate, both start-up and existing small businesses need accessible funding to pursue new opportunities for growth," said Anthony Giordano, III, President and CEO. "At Colonial American Bank, we make all of our decisions at the local level and have the flexibility to customize loans and provide sound financial solutions for our business customers.”
For more information about the SBA program, please contact Andrew Glatz at 732-945-4230, aglatz@colonialamericanbank.com.
North Middletown Couple Wins Kindle Fire in Colonial American Bank Coin Count Promotion
August 6, 2012 – Middletown, NJ – Colonial American Bank presented a Kindle Fire to Joseph and Elaine Neary of North Middletown, winners of the “Count Your Change” promotion at the Middletown branch. Community members were invited to stop by the branch and use the state of the art Change Exchange coin machine to count their loose change. The coin receipts entitled each person to one entry per day to enter to win a Kindle Fire.
"We invite the community to use our coin machine free of charge and visit our customer-centric bank," said Anthony Giordano, III, President and CEO. “The Middletown branch also features a public WiFi area; cookie and coffee bar; customer friendly banquettes for all service needs; LCD information screens; and state of the art conference room with a flat screen TV for presentations.”
For more information, call 732- 275-6900 or visit the Middletown branch at 1405 Route 35 North in the Middletown Plaza.
Colonial American Bank Welcomes Three New Board Members
July 25, 2012, Horsham, PA – Colonial American Bank announces the election of three new members to its Board of Directors; Carmen M. Penta, James G. Aaron and Mark R. Aikins.
"We are pleased to add the skills and talent of three highly seasoned professionals to the Bank’s Board of Directors,” said Anthony Giordano, III, President and CEO of Colonial American Bank. “These three gentlemen bring a wealth of experience in community banking and their expertise will prove invaluable to the Bank as it moves forward in the next phase of its growth.” Read full story here.
Colonial American Bank Presents Donations from Food Drive to Middletown Helps Its Own --Middletown Resident Wins Kindle Fire
July 12, 2012 – Colonial American Bank ended its two-month food drive for Middletown Helps Its Own with a presentation of collected donations to Don Skrivanek, president of Middletown Helps Its Own.
"Colonial American Bank wanted to provide assistance to a local charity in conjunction with the grand opening of our Middletown branch on May 5," said Anthony Giordano, III, President and CEO. "Our bank customers, staff and the community were very generous in donating food to support Middletown Helps Its Own to help local families in need.”
Community members who donated food to the effort received an entry to the drawing for a Kindle Fire. Lisa Borghese, EVP, Chief Lending Officer, drew the winner on June 30, and the bank presented the Kindle Fire to Middletown resident, Anthony Misuielli.
For more information, call 732- 275-6900, visit the Middletown branch at 1405 Route 35 North in the Middletown Plaza.
For more information about Middletown Helps Its Own, visit their website.
