-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 N48Hy8E6tuqWzv+tr/uYLg==

<SEC-DOCUMENT>0000950159-03-000882.txt : 20031103
<SEC-HEADER>0000950159-03-000882.hdr.sgml : 20031103
<ACCEPTANCE-DATETIME>20031103144412
ACCESSION NUMBER:		0000950159-03-000882
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031031
FILED AS OF DATE:		20031103

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HEEREN REID L
		CENTRAL INDEX KEY:			0001247009

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11526
		FILM NUMBER:		03972671

	MAIL ADDRESS:	
		STREET 1:		3864 ADLER PLACE
		CITY:			BETHLEHEM
		STATE:			PA
		ZIP:			18017

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST COLONIAL GROUP INC
		CENTRAL INDEX KEY:			0000714719
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				232228154
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		76 S MAIN ST
		CITY:			NAZARETH
		STATE:			PA
		ZIP:			18064
		BUSINESS PHONE:		2157467300

	MAIL ADDRESS:	
		STREET 1:		76 SOUTH MAIN STREET
		CITY:			NAZARETH
		STATE:			PA
		ZIP:			18064
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>hereen4_ex.xml
<TEXT>
<XML>
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<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
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    <documentType>4</documentType>
   <periodOfReport>2003-10-31</periodOfReport>
   <notSubjectToSection16>1</notSubjectToSection16>
    <issuer>
        <issuerCik>0000714719</issuerCik>
        <issuerName>FIRST COLONIAL GROUP INC</issuerName>
        <issuerTradingSymbol>FTCG</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247009</rptOwnerCik>
            <rptOwnerName>HEEREN REID L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3864 ADLER PLACE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BETHLEHEM</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>18017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>VP and Treasurer</officerTitle>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-10-31</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>D</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
         <transactionShares>
           <value>5717</value>
         </transactionShares>
         <transactionPricePerShare>
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         <transactionAcquiredDisposedCode>
           <value>D</value>
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         <sharesOwnedFollowingTransaction>
           <value>0</value>
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      </postTransactionAmounts>
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            <value>D</value>
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      </ownershipNature>
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   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-10-31</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>D</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
         <transactionShares>
           <value>13926</value>
         </transactionShares>
         <transactionPricePerShare>
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         <transactionAcquiredDisposedCode>
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      </transactionAmounts>
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      </postTransactionAmounts>
      <ownershipNature>
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         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>By ESOP</value>
         </natureOfOwnership>
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   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-10-31</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>D</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>461</value>
         </transactionShares>
         <transactionPricePerShare>
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         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
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      <ownershipNature>
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            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>By Spouse</value>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>18.4129</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-10-31</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>D</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
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      <expirationDate>
         <value>2007-06-12</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>3829</value>
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   <derivativeTransaction>
      <securityTitle>
         <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>28.9905</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-10-31</value>
      </transactionDate>
      <transactionCoding>
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         <transactionCode>D</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
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           <value>3829</value>
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      <exerciseDate>
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      <expirationDate>
         <value>2008-01-07</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>3829</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
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   <derivativeTransaction>
      <securityTitle>
         <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>15.8005</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-10-31</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>D</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
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           <value>2756</value>
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         <transactionPricePerShare>
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         <transactionAcquiredDisposedCode>
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      <exerciseDate>
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      <expirationDate>
         <value>2011-01-19</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>2756</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
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           <value>0</value>
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           <value>D</value>
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   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
         <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>21.3810</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-10-31</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>D</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
         <transactionShares>
           <value>2625</value>
         </transactionShares>
         <transactionPricePerShare>
            <footnoteId id="F7"/>
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         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
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      <exerciseDate>
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      <expirationDate>
         <value>2013-01-16</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>2625</value>
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           <value>0</value>
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      <ownershipNature>
         <directOrIndirectOwnership>
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   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
         <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>23.8300</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-10-31</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>D</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
         <transactionShares>
           <value>3000</value>
         </transactionShares>
         <transactionPricePerShare>
            <footnoteId id="F8"/>
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         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
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            <footnoteId id="F8"/>
      </exerciseDate>
      <expirationDate>
         <value>2013-01-16</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>3000</value>
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           <value>0</value>
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           <value>D</value>
         </directOrIndirectOwnership>
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   </derivativeTransaction>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> Disposed of pursuant to the merger agreement between First Colonial Group, Inc. (the &quot;Issuer&quot;) and Keystone Savings Bank (&quot;Keystone&quot;) in exchange for 21,152 shares of common stock of KNBT Bancorp, Inc. (&quot;KNBT&quot;), Keystone's holding company. The market value of the KNBT shares on the effective date of the merger was $10 per share.</footnote>

      <footnote id="F2"> Disposed of pursuant to the merger agreement between the Issuer and Keystone in exchange for 51,526 shares of common stock of KNBT having a market value of $10 per share on the effective date of the merger.</footnote>

      <footnote id="F3"> Disposed of pursuant to the merger agreement between the Issuer and Keystone in exchange for 1,705 shares of common stock of KNBT having a market value of $10 per share on the effective date of the merger.</footnote>

      <footnote id="F4"> This option, which became immediately exercisable as a result of the Issuer entering into the merger agreement with Keystone in March 2003, was assumed by KNBT in the merger and replaced with an option to purchase 14,167 shares of KNBT common stock at $4.9765 per share.</footnote>

      <footnote id="F5"> This option, which became immediately exercisable as a result of the Issuer entering into the merger agreement with Keystone in March 2003, was assumed by KNBT in the merger and replaced with an option to purchase 14,167 shares of KNBT common stock at $7.8353 per share.</footnote>

      <footnote id="F6"> This option, which became immediately exercisable as a result of the Issuer entering into the merger agreement with Keystone in March 2003, was assumed by KNBT in the merger and replaced with an option to purchase 10,197 shares of KNBT common stock at $4.2704 per share.</footnote>

      <footnote id="F7"> This option, which became immediately exercisable as a result of the Issuer entering into the merger agreement with Keystone in March 2003, was assumed by KNBT in the merger and replaced with an option to purchase 9,713 shares of KNBT common stock at $5.7786 per share.</footnote>

      <footnote id="F8"> This option, which became immediately exercisable as a result of the Issuer entering into the merger agreement with Keystone in March 2003, was assumed by KNBT in the merger and replaced with an option to purchase 11,100 shares of KNBT common stock at $6.4405 per share.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Reid L. Heeren</signatureName>
      <signatureDate>2003-10-31</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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