Colonial Financial Services SC 13D/A Colonial Financial Services / SEIDMAN LAWRENCE B ownership change

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

______________

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(a)

(Amendment No. 1)

Colonial Financial Services Inc.

(Name of Issuer)

Common Stock, $0.01 Par Value

(Title of Class of Securities)

19566B101

(CUSIP Number)

LAWRENCE B. SEIDMAN

100 Misty Lane, 1st Floor

Parsippany, New Jersey 07054

(973) 952-0405

STEVEN WOLOSKY, ESQ.

OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP

Park Avenue Tower

65 East 55th Street

New York, New York 10022

(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

April 25, 2011

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box .

CUSIP No. 19566B101

1	NAME OF REPORTING PERSONS Seidman and Associates, L.L.C.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x          (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER                   60,241
	8	SHARED VOTING POWER - 0 -
	9	SOLE DISPOSITIVE POWER                     60,241
	10	SHARED DISPOSITIVE POWER - 0 -
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON          60,241
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                          1.4 %
14	TYPE OF REPORTING PERSON OO

CUSIP No. 19566B101

1	NAME OF REPORTING PERSONS Seidman Investment Partnership, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) x   (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER                  48,877
	8	SHARED VOTING POWER - 0 -
	9	SOLE DISPOSITIVE POWER                  48,877
	10	SHARED DISPOSITIVE POWER - 0 -
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON     48,877
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              1.2%
14	TYPE OF REPORTING PERSON PN

CUSIP No. 19566B101

1	NAME OF REPORTING PERSONS Seidman Investment Partnership II, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x  (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER                   47,938
	8	SHARED VOTING POWER - 0 -
	9	SOLE DISPOSITIVE POWER                  47,938
	10	SHARED DISPOSITIVE POWER - 0 -
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      47,938
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                        1.1%
14	TYPE OF REPORTING PERSON PN

CUSIP No. 19566B101

1	NAME OF REPORTING PERSONS LSBK06-08, L.L.C.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x    (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS  WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION  New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER                    27,638
	8	SHARED VOTING POWER - 0 -
	9	SOLE DISPOSITIVE POWER                    27,638
	10	SHARED DISPOSITIVE POWER - 0 -
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON        27,638
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                         0.7%
14	TYPE OF REPORTING PERSON OO

CUSIP No. 19566B101

1	NAME OF REPORTING PERSONS Broad Park Investors, L.L.C.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x  (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION  New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER                 28,237
	8	SHARED VOTING POWER - 0 -
	9	SOLE DISPOSITIVE POWER                   28,237
	10	SHARED DISPOSITIVE POWER - 0 -
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       28,237
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                         0.7%
14	TYPE OF REPORTING PERSON OO

CUSIP No. 19566B101

1	NAME OF REPORTING PERSONS CBPS, L.L.C.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x   (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER                    26,937
	8	SHARED VOTING POWER - 0 -
	9	SOLE DISPOSITIVE POWER                    26,937
	10	SHARED DISPOSITIVE POWER - 0 -
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON             26,937
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                               0.6%
14	TYPE OF REPORTING PERSON OO

CUSIP No. 19566B101

1	NAME OF REPORTING PERSONS 2514 Multi-Strategy Fund, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION  Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER                    21,971
	8	SHARED VOTING POWER - 0 -
	9	SOLE DISPOSITIVE POWER                   21,971
	10	SHARED DISPOSITIVE POWER - 0 -
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON          21,971
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                             0.5%
14	TYPE OF REPORTING PERSON PN

CUSIP No. 19566B101

1	NAME OF REPORTING PERSONS Veteri Place Corporation
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) x  (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER                 124,453
	8	SHARED VOTING POWER - 0 -
	9	SOLE DISPOSITIVE POWER                124,453
	10	SHARED DISPOSITIVE POWER - 0 -
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              124,453
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                                     3.0 %
14	TYPE OF REPORTING PERSON CO

CUSIP No. 19566B101

1	NAME OF REPORTING PERSONS Lawrence B. Seidman
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS  OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER                  288,839
	8	SHARED VOTING POWER - 0 -
	9	SOLE DISPOSITIVE POWER                288,839
	10	SHARED DISPOSITIVE POWER - 0 -
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON     288,839
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                        6.9%
14	TYPE OF REPORTING PERSON IN

CUSIP No. 19566B101

The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13D”).

Item 1.                    Security and Issuer

This statement relates to the Common Stock, par value $0.01 per share (the “Shares”), of Colonial Financial Services, Inc., a Maryland corporation (the “Issuer”).  The address of the principal executive offices of the Issuer is 2745 Delsea Drive, Vineland, NJ  08360.

Item 2. Identity and Background.

(a)      This statement is filed by:

(i) Seidman and Associates, L.L.C., a New Jersey limited liability company (“SAL”), with respect to the Shares directly and beneficially owned by it;

(ii) Seidman Investment Partnership, L.P., a New Jersey limited partnership (“SIP”), with respect to the Shares directly and beneficially owned by it;

(iii) Seidman Investment Partnership II, L.P., a New Jersey limited partnership (“SIPII”), with respect to the Shares directly and beneficially owned by it;

(iv) LSBK06-08, L.L.C., a New Jersey limited liability company (“LSBK”), with respect to the Shares directly and beneficially owned by it;

(v) Broad Park Investors, L.L.C., a New Jersey limited liability company (“Broad Park”), with respect to the Shares directly and beneficially owned by it;

(vi) CBPS, L.L.C., a New York limited liability company (“CBPS”), with respect to the Shares directly and beneficially owned by it;

(vii) 2514 Multi-Strategy Fund, L.P., a Delaware limited partnership (“2514 MSF”), with respect to the Shares directly and beneficially owned by it;

(viii) Veteri Place Corporation, a New Jersey corporation (“Veteri”), that serves as the corporate general partner of each of SIP and SIPII, and as Trading Advisor for LSBK; and

(ix) Lawrence B. Seidman (“Seidman”), who serves as the manager of SAL, the President of Veteri (of which he is the sole officer and director), and investment manager of Broad Park, CBPS and 2514 MSF, and accordingly has sole and exclusive investment discretion and voting authority with respect to the Shares owned by each of SAL, SIP, SIPII, LSBK, Broad Park, CBPS and 2514 MSF.

Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”  Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6.  Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.

(b)           The address of the principal office of each of SAL, SIP, SIPII and Seidman is 100 Misty Lane, 1st Floor, Parsippany, New Jersey  07054.  The address of the principal office of Veteri is 19 Veteri Place, Wayne, New Jersey  07470.  The address of the principal office of LSBK is 10 Hill Hollow Road, Watchung, New Jersey  07069.  The address of the principal office of Broad Park is 80 Main Street, Suite 510, West Orange, New Jersey  07052.  The address of the principal office of CBPS is One Rockefeller Plaza, New York, New York  10020.  The address of the principal office of 2514 MSF is 15310 Amberly Drive, Suite 220, Tampa, Florida  33647.

The name of any person (other than the Reporting Persons) who may be deemed to control any Reporting Person, each such person’s business address and present principal occupation or employment, and the name, principal business and address of any corporation or other organization in which such employment is conducted, are set forth on Schedule A and are incorporated by reference in this Item 2.

(c)           The principal business of each of SAL, SIP, SIPII, LSBK, Broad Park, CBPS and 2514 MSF is investing in publicly traded securities.  The principal business of Veteri is serving as the corporate general partner of each of SIP and SIPII and the Trading Advisor of LSBK.  The principal occupation of Seidman is serving as the manager of SAL, President of Veteri, and the investment manager for each of Broad Park, CBPS and 2514 MSF.

(d)           No Reporting Person, nor any person listed on Schedule A, annexed hereto, has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)           No Reporting Person, nor any person listed on Schedule A, annexed hereto, has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)           Seidman is a citizen of the United States of America.  The citizenship of the persons listed on Schedule A is set forth therein.

Item 3. Source and Amount of Funds or Other Consideration.

The Shares purchased by the Reporting Persons were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases (unless otherwise noted), as set forth in Schedule B, which is incorporated by reference herein.  

Item 4. Purpose of Transaction.

The Reporting Persons originally purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity.  Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

None of the Reporting Persons or, to the best of the Reporting Persons’ knowledge, the persons listed on Schedule A has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D, except as set forth herein or such as would occur upon completion of any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the Issuer’s financial position and results of operations, the Reporting Persons’ investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, communications with management and the Board of Directors of the Issuer, engaging in discussions with third parties about the Issuer and the Reporting Persons’ investment, making proposals to the Issuer concerning changes to the capitalization, ownership structure or operations of the Issuer, seeking representation on the Board of Directors of the Issuer through election contests or otherwise, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, or changing their intention with respect to any and all matters referred to in Item 4.  The Reporting Persons have previously nominated individuals for election to the boards of directors of, and have engaged in election and proxy contests with, a number of publicly traded companies, and expressly reserve the right to take such actions with respect to the Issuer.

Item 5. Interest in Securities of the Issuer.

The aggregate percentage of Shares reported owned by each Reporting Person is based upon 4,188,456 Shares outstanding, as of March 21, 2011, which is the total number of Shares outstanding as reported in the Issuer’s Form 10-K filed with the Securities and Exchange Commission on March 30, 2011.

A.   SAL

(a)   As of the close of business on April 25, 2011, SAL beneficially owned 60,241 Shares.

Percentage: Approximately 1.4%.

(b)   1. Sole power to vote or direct the vote: 60,241 

2. Shared power to vote or direct the vote: 0

3. Sole power to dispose or direct the disposition: 60,241

4. Shared power to dispose or direct the disposition: 0

(c)   The transactions in the Shares by SAL during the past 60 days are set forth in Schedule B and are incorporated herein by reference.

B.   SIP

(a)   As of the close of business on April 25, 2011, SIP beneficially owned 48,877 Shares.

Percentage: Approximately 1.2%.

(b)   1. Sole power to vote or direct the vote: 48,877

2. Shared power to vote or direct the vote: 0

3. Sole power to dispose or direct the disposition: 48,877

4. Shared power to dispose or direct the disposition: 0

(c)   The transactions in the Shares by SIP during the past 60 days are set forth in Schedule B and are incorporated herein by reference.

C.   SIPII

(a)   As of the close of business on April 25, 2011, SIPII beneficially owned 47,938 Shares.

Percentage: Approximately 1.1%.

(b)   1. Sole power to vote or direct the vote: 47,938

2. Shared power to vote or direct the vote: 0

3. Sole power to dispose or direct the disposition: 47,938

4. Shared power to dispose or direct the disposition: 0

(c)   The transactions in the Shares by SIPII during the past 60 days are set forth in Schedule B and are incorporated herein by reference.

D.   LSBK

(a)   As of the close of business on April 25, 2011, LSBK beneficially owned 27,638 Shares.

Percentage: Approximately 0.7%.

(b)   1. Sole power to vote or direct the vote: 27,638

2. Shared power to vote or direct the vote: 0

3. Sole power to dispose or direct the disposition: 27,638

4. Shared power to dispose or direct the disposition: 0

(c)   The transactions in the Shares by LSBK during the past 60 days are set forth in Schedule B and are incorporated herein by reference.

E.   Broad Park

(a)   As of the close of business on April 25, 2011, Broad Park beneficially owned 28,237 Shares.

Percentage: Approximately 0.7%.

(b)   1. Sole power to vote or direct the vote: 28,237

2. Shared power to vote or direct the vote: 0

3. Sole power to dispose or direct the disposition: 28,237

4. Shared power to dispose or direct the disposition: 0

(c)   The transactions in the Shares by Broad Park during the past 60 days are set forth in Schedule B and are incorporated herein by reference.

F.   CBPS

(a)   As of the close of business on April 25, 2011, CBPS beneficially owned 26,937 Shares.

Percentage: Approximately 0.6%.

(b)   1. Sole power to vote or direct the vote: 26,937

2. Shared power to vote or direct the vote: 0

3. Sole power to dispose or direct the disposition: 26,937 

4. Shared power to dispose or direct the disposition: 0

(c)   The transactions in the Shares by CBPS during the past 60 days are set forth in Schedule B and are incorporated herein by reference.

G.   2514 MSF

(a)   As of the close of business on April 25, 2011, 2514 MSF beneficially owned 21,971 Shares.

Percentage: Approximately 0.5%.

(b)   1. Sole power to vote or direct the vote: 21,971

2. Shared power to vote or direct the vote: 0

3. Sole power to dispose or direct the disposition: 21,971 

4. Shared power to dispose or direct the disposition: 0

(c)   The transactions in the Shares by 2514 MSF during the past 60 days are set forth in Schedule B and are incorporated herein by reference.

H.   Veteri

(a)   Veteri, (i) as the Corporate General Partner of each of SIP and SIPII, may be deemed the beneficial owner of the 48,877 Shares owned by SIP and the 47,938 Shares owned by SIPII, and (ii) as the Trading Advisor of LSBK may be deemed the beneficial owner of the 27,638 Shares owned by LSBK.  Accordingly, Veteri may be deemed the beneficial owner of an aggregate of 124,453 Shares.

Percentage: Approximately 3.0%.

(b)   1. Sole power to vote or direct the vote: 124,453 

2. Shared power to vote or direct the vote: 0

3. Sole power to dispose or direct the disposition: 124,453 

4. Shared power to dispose or direct the disposition: 0

(c)   Veteri has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares during the past 60 days on behalf of SIP, SIPII and LSBK are set forth on Schedule B and incorporated herein by reference.

I.   Seidman

(a)   Seidman, (i) as the manager of SAL, may be deemed the beneficial owner of the 60,241 Shares owned by SAL, (ii) as the sole officer of Veteri, the corporate general partner of each of SIP and SIPII, may be deemed the beneficial owner of the 48,877 Shares owned by SIP and the 47,938 Shares owned by SIPII, (iii) as the sole officer of Veteri, the Trading Advisor of LSBK, may be deemed the beneficial owner of the 27,638 Shares owned by LSBK, and (iv) as the investment manager for each of Broad Park, CBPS and 2514 MSF, may be deemed the beneficial owner of the 28,237 Shares owned by Broad Park, the 26,937 Shares owned by CBPS and the 21,971 Shares owned by 2514 MSF.  Accordingly, Seidman may be deemed the beneficial owner of an aggregate of 288,839 Shares.  In the foregoing capacities, Seidman has sole and exclusive investment discretion and voting authority with respect to all such Shares.

Percentage: Approximately 6.9%.

(b)   1. Sole power to vote or direct the vote: 288,839

2. Shared power to vote or direct the vote: 0

3. Sole power to dispose or direct the disposition: 288,839

4. Shared power to dispose or direct the disposition: 0

(c)   Seidman has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares during the past 60 days on behalf of SAL, SIP, SIPII, LSBK, Broad Park, CBPS and 2514 MSF are set forth on Schedule B and incorporated herein by reference.

Each of the Reporting Persons, as a member of a “group” with the other Reporting Persons for purposes of Rule 13d-5(b)(1) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), may be deemed to beneficially own the Shares owned by the other Reporting Persons.  The filing of this Schedule 13D shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 13(d) of the Exchange Act, the beneficial owner of any Shares he or it does not directly own.  Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that he or it does not directly own.

To the best of the Reporting Persons’ knowledge, none of the persons listed on Schedule A beneficially owns any securities of the Issuer.

(d)   No person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.

(e)   Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

On December 14, 2010, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law.  (This agreement was included in the Schedule 13D filed on December 22, 2010.) 

Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to any securities of the Issuer.

Signature Page to Colonial Financial Services, Inc. Schedule 13D

SIGNATURES

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated:           April 28, 2011	SEIDMAN AND ASSOCIATES, L.L.C.
	By:	/ss/ Lawrence B. Seidman
		Lawrence B. Seidman Manager

SEIDMAN INVESTMENT PARTNERSHIP, L.P.
By:	Veteri Place Corporation, its General Partner
By:	/ss/ Lawrence B. Seidman
	Lawrence B. Seidman President

SEIDMAN INVESTMENT PARTNERSHIP II, L.P.
By:	Veteri Place Corporation, its General Partner
By:	/ss/ Lawrence B. Seidman
	Lawrence B. Seidman President

LSBK06-08, L.L.C.
By: Veteri Place Corporation, its Trading Advisor
By:	/ss/ Lawrence B. Seidman
	Lawrence B. Seidman President

BROAD PARK INVESTORS, L.L.C.
By:	/ss/ Lawrence B. Seidman
	Lawrence B. Seidman Investment Manager

CBPS, L.L.C.
By:	/ss/ Lawrence B. Seidman
	Lawrence B. Seidman Investment Manager

2514 MULTI-STRATEGY FUND, L.P.
By:	/ss/ Lawrence B. Seidman
	Lawrence B. Seidman Investment Manager

VETERI PLACE CORPORATION
By:	/ss/ Lawrence B. Seidman
	Lawrence B. Seidman President

 /ss/ Lawrence B. Seidman

LAWRENCE B. SEIDMAN

CUSIP No. 19566B101

SCHEDULE A

Name	Principal Business/Occupation	Principal Business Address	Citizenship
Michael Mandelbaum	Private Investor and Businessman	80 Main Street, Suite 510, West Orange, New Jersey 07052	United States
Stephen Duff	Chief Investment Officer of The Clark Estates	One Rockefeller Plaza, New York, New York 10020	United States
D. Scott Lutrell	Chief Investment Officer of LCM Group.  LCM Group is an Investment Firm and the Corporate General Partner of 2514 Multi-Strategy Fund, LP.	15310 Amberly Drive, Suite 220, Tampa, Florida 33647	United States

CUSIP No. 19566B101

SCHEDULE B

Transactions in the Shares During the Past 60 Days

Entity Date Purch Cost per Share* Cost* Shares

SAL	4/8/2011	12.8000	20,147.20	1,574
SAL	4/11/2011	12.8012	64,005.95	5,000
SAL	4/14/2011	12.7240	63,620.00	5,000
SAL	4/25/2011	12.7029	86,380.00	6,800
Total			234,153.15	18,374
SIP	4/6/2011	12.8080	32,020.00	2,500
SIP	4/8/2011	12.8000	20,108.80	1,571
SIP	4/11/2011	12.7717	25,543.40	2,000
SIP	4/25/2011	12.7040	63,520.00	5,000
Total			141,192.20	11,071
SIPII	4/6/2011	12.8080	32,020.00	2,500
SIPII	4/8/2011	12.8000	20,108.80	1,571
SIPII	4/12/2011	12.7080	31,770.00	2,500
SIPII	4/25/2011	12.7040	63,520.00	5,000
Total			147,418.80	11,571
LSBK	4/5/2011	12.8057	39,697.52	3,100
LSBK	4/8/2011	12.8000	20,108.80	1,571
Total			59,806.32	4,671
Broad Park	4/5/2011	12.8059	38,417.60	3,000
Broad Park	4/8/2011	12.8000	20,108.80	1,571
Total			58,526.40	4,571
CBPS	4/8/2011	12.8000	20,108.80	1,571
Total			20,108.80	1,571
2514 MSF	4/6/2011	12.8133	19,220.00	1,500
2514 MSF	4/8/2011	12.8000	20,108.80	1,571
Total			39,328.80	3,071

* Includes brokerage commissions.