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Colonial American Bank gets N.J. charter conversion approval

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Colonial American Bank announced Wednesday the New Jersey Department of Banking and Insurance approved the conversion of the bank from a Pennsylvania state-chartered commercial bank to a New Jersey state-chartered commercial bank.

In conjunction with the charter conversion, the bank closed its Horsham, Pa., branch on March 28. Its main office is now located at 1405 Route 35 North, in Middletown.

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