1st Colonial holding company, bank names new CEO

There’s a new CEO heading up 1st Colonial’s holding company and bank.

The boards of directors of 1st Colonial Bancorp Inc. and its subsidiary, 1st Colonial Community Bank, announced on Thursday they have named Robert B. White as CEO and president of both companies, effective Feb. 3.

White is succeeding Gerard M. Banmiller, the current CEO and president, who is retiring.

White, who has more than 30 years of experience in banking and financial services, most recently served as chief risk officer and executive vice president for Customers Bank in Wyomissing, Pennsylvania. He was also president of the bank’s Special Asset Group and for several years served as its director of corporate development.

“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,” Chairman Linda Rohrer said.

The bank is headquartered in Collingswood and has a branch in Westville and an administrative office in Cherry Hill.