Exhibit
      99.1





THE
      PLAN





Automatic
      Dividend Reinvestment -
      Through the Dividend Reinvestment Plan (Plan), your cash dividends can be
      invested automatically in additional shares of common stock of Greater Community
      Bancorp(R) (GCB).  These shares earn additional dividends which
      further increase your investment in GCB common stock.  Investments in
      GCB stock under the Plan are made by Registrar & Transfer Company (Agent),
      which administers the Plan as agent for the Plan's participants.





Split
      Share Feature - At your option,
      only 1/2 of your cash dividends will be invested automatically in additional
      shares of GCB common stock, while the other 1/2 of your cash dividends will
      be
      paid to you in cash.  You must indicate which option you select on the
      accompanying authorization card.  If you want to change this election
      later, you may do so by sending another authorization card to
      Agent.





Cash
      Contributions - Additionally, you
      may invest from $25 to $3,000 per quarterly dividend period in cash to purchase
      additional shares of GCB common stock after the first dividend is reinvested
      and
      as long as you continue to participate in the Plan.  You are not
      obligated to make any voluntary additional purchases.  Even if you do
      participate in this part of the Plan, you don't have to invest each quarter,
      and
      there's no set amount you have to invest each period, with the above
      limits.  Cash contributions may be made by using the cash payment stub
      that will be attached to your account statement.  Cash contributions
      should be received by Agent not more than 30 days before a dividend payment
      date.  Agent will hold your cash contribution and then combine it with
      funds received from that dividend for the purchase of additional shares of
      common stock.  Interest will not be paid on cash contributions held by
      the Agent.  Therefore, the mailing of your cash contribution should be
      timed to reach Agent five business days before a dividend payment
      date.  Dividend payment dates for GCB common stock during the last
      several years have been the last day of January, April, July and
      October.  Cash contributions which GCB receives more than 30 days
      before a dividend payment date will be returned.  A refund of a cash
      contribution can be obtained by a written request by Agent at least two days
      before the cash dividend date.





Custodial
      account - A participant may
      increase the number of shares held in his/her account by depositing certificates
      representing shares of common stock with the Agent.  Such certificates
      must be presented in transferable form and must be accompanied by a written
      request that the shares be added to the participant's account.





Any
      stock dividend or stock split
      applicable to shares of common stock held by a participant under the Plan,
      whether held in the participant's account or in the participant's own name,
      will
      be credited to the participant's account.  In the event GCB makes
      available to stockholders the rights to purchase additional shares or
      securities, participants under the Plan will receive a subscription warrant
      for
      such rights directly from the Agent.








COST
      TO
      YOU





Your
      cost is limited to the price of
      the shares of common stock purchased for you.  The price is the
      average price paid by Agent, acting as your agent, for all shares purchased
      under the Plan in connection with a given cash dividend, including shares
      purchased with any voluntary cash payments.  If Agent purchases shares
      in the open market, any brokerage commissions and transfer taxes and/or fees
      will be included in the price.  If Agent purchases newly issued shares
      from GCB, the price will be the average of the closing bid and asked prices
      for
      the five business days preceding the date the shares are purchased, but no
      brokerage commission will be charged.  (GCB will use the proceeds of
      any newly issued shares for working capital and other general corporate
      purposes.)  GCB will pay all of Agent's service charges relating to
      the Plan's administration.





DOLLAR
      AVERAGING





Purchase
      of shares of GCB common stock
      through this Plan can also provide the advantage of dollar-cost averaging over
      a
      period of time.





ACCOUNT
      STATEMENT





Agent
      will send you a statement each
      time your cash dividends and any cash contributions are invested as soon as
      practicable after the investment date.





TERMINATION
      AT ANY TIME





Your
      participation in the Plan is
      entirely voluntary and you may terminate at any time as outlined in the Dividend
      Reinvestment Plan Agreement printed in this brochure.  GCB may also
      amend, modify, suspend or terminate the Plan at any time on notice to the
      participants.








INCOME
      TAX INFORMATION





Even
      though all (or, if you so elect,
      1/2) of your cash dividends will be reinvested, the full amount of dividends
      declared is normally the amount includible in your gross income for income
      tax
      purposes as if the dividends were all paid to you in cash.  It is
      possible that the amount of your gross income for income tax purposes will
      also
      include any excess of the fair market value of the shares which Agent purchases
      for your account on the date of purchase over the price Agent pays for the
      shares.  This might occur, for example, if the price of GCB stock as
      traded on the open market exceeds the formula price at which GCB sells
      newly-issued shares to Agent under the Plan.  The information return
      sent to you and the Internal Revenue Service after the end of each tax year
      will
      show the taxable amount of your dividend and any such other income.





You
      will only recognize gain or loss
      (which for most participants will be a capital gain or loss) for income tax
      purposes when the shares are sold or exchanged, either by Agent at your request
      when you terminate your participation in the Plan or by you after you withdraw
      the shares from the Plan.  Your basis


for
      determining gain or loss will be the amount of the cash dividends reinvested,
      or
      the amount you paid in the case of voluntary purchases, plus any other income
      reported to you as described above.  You will also recognize a gain or
      loss when you receive a cash payment for a fractional share credited to
      your


account
      upon a termination of your participation in the Plan or upon a termination
      of
      the Plan.  For income tax purposes, your holding period begins on the
      date Agent credits your account with shares purchased under the
      Plan.





You
      are urged to consult with your own
      tax advisor for more specific tax information, especially for rules relating
      to
      tax basis in cases such as a gift of shares held under the Plan or a
      participant's death and with respect to any tax law changes.








WHO
      CAN
      PARTICIPATE IN THE PLAN





Only
      shareholders of record are
      entitled to participate in the Plan.  Shareholders whose shares are
      registered in names other than their own (for example, in the name of a
      "nominee" such as a broker, trustee or bank nominee) must arrange for a transfer
      of shares directly into their own names in order to


participate
      in the Plan.  The holder of the shares must complete, sign and return
      the authorization card. Communications from Agent, including account statements,
      will be sent only to record owners, and only a record owner can communicate
      instructions and forward cash payments to Agent.





IT'S
      EASY
      TO ENROLL





Holders
      of GCB common stock may enroll in the Plan by signing and mailing an
      Authorization for Dividend Reinvestment Plan to:





Greater
      Community Bancorp


Dividend
      Reinvestment Plan


10
      Commerce Drive


Cranford,
      New Jersey 07016





ADDITIONAL
      INFORMATION





For
      Dividend Reinvestment Plan
      information, please call Greater Community Bancorp at (973) 942-1111, Ext.
      1033.








TERMS
      OF
      DIVIDEND





REINVESTMENT
      PLAN AGREEMENT





1.           This
      Agreement sets forth the rights and obligations of Greater Community Bancorp
      ("GCB"), Registrar & Transfer Company (the "Agent") and the participant
      ("Participant") in the Greater Community Bancorp Dividend Reinvestment Plan
      ("Plan").  The Agent, acting as agent for each Participant in the
      Plan, will apply all cash dividends paid to such Participant on common shares
      (including both registered shares held by the Participant and all shares
      accumulated under the Plan) and which are authorized by the Participant to
      be so
      applied (as authorized by the Participant's authorization card), and any
      voluntary cash contributions received from such Participant, to the purchase
      of
      additional common shares for such Participant.  At the Participant's
      option, as indicated on the authorization card, one-half of the Participant's
      cash dividends will be invested in GCB common stock and the other one-half
      of
      the Participant's cash


dividends
      will be paid to the Participant in cash.  These purchases may be made
      either from previously issued shares of GCB, whether on any securities exchange
      where the shares are traded, in the over-the-counter market, or by negotiated
      transactions, or from shares newly-issued by GCB, and may be subject to such
      terms of price, delivery, etc., as to which Agent may agree.  Neither
      GCB nor any shareholder will have the authority or power to direct the time
      or
      price at which shares may be purchased or the selection of the broker or dealer
      through or from whom purchases of previously-issued shares are to be
      made.  A


Participant's
      funds held by Agent uninvested will not bear interest, and Agent and GCB will
      not have any liability as to any inability to purchase common shares or as
      to
      the timing of any purchases.  Any voluntary cash contribution will be
      refunded if a Participant's written request for a refund is received
      by


Agent
      at
      least two days before the dividend payment date with which it would be otherwise
      invested.





2.           For
      the purpose of making purchases, Agent will commingle each Participant's funds
      (both authorized cash dividends and voluntary contributions) with those of
      all
      other holders of GCB common shares who are Participants in the
      Plan.  The price per share of common shares purchased for each
      Participant's account will be the average price of all shares purchased
      (including any brokerage commissions relating to purchases of outstanding common
      shares), with respect to that dividend reinvestment date, with the funds
      available from dividends and any voluntary cash contributions being concurrently
      invested.  No brokerage commission or similar charge will be made for
      common shares which are newly-issued by GCB to Agent under the
      Plan.  If newly-issued shares are purchased directly from GCB, the
      price will be the average of the mean between the closing bid and asked prices
      (as quoted by a regular market maker for the common shares designated to Agent
      by GCB from time to time) during the five business days preceding the date
      the
      shares are purchased.  GCB will pay all of Agent's service charges to
      the administration of the Plan.  Agent will hold the total common
      shares purchased for all Participants in Agent's name or the name of Agent's
      nominee and will have no responsibility for fluctuations in the value of such
      shares after their purchase.





3.           Agent
      will make every effort to invest all authorized dividends and voluntary cash
      contributions promptly after receipt of such dividends and contributions, and
      in
      no event later than thirty days from such receipt except where necessary under
      any applicable Federal securities laws.  Contributions must be
      received not more than thirty days prior to the dividend payment date and not
      later than five business days prior to the dividend payment date.





4.           One
      dividend reinvestment must be made for a Participant before voluntary cash
      contributions can be made by such Participant.  Each voluntary
      contribution must be at least $25, and contributions in any one calendar quarter
      cannot exceed an aggregate of $3000, for a Participant.








5.           A
      statement describing cash dividends and any voluntary cash contributions
      received, the number of common shares purchased, the price per share, the date
      of purchase, and the total shares accumulated under the Plan will be mailed
      to
      each Participant by Agent as soon as practicable after completion of each
      investment for a Participant's account.





6.           Each
      Participant may obtain, without charge, a certificate or certificates for all
      or
      part of the full common shares credited to the Participant's account by making
      a
      request in writing to Agent.





7.           Participation
      in the Plan may be terminated by a Participant at any time by written
      instructions to that effect to Agent.  To be effective on a dividend
      payment date the notice to discontinue must be received by Agent five business
      days before the record date for that dividend.  If a notice to
      discontinue is


received
      by Agent less than five business days the record date for a dividend payment,
      such notice to discontinue may not become effective until such dividend has
      been
      reinvested and the purchased shares are credited to the Participant's account
      under the Plan.





GCB
      or Agent may terminate, for
      whatever reason at any time as it may determine in its sole discretion, a
      Participant's participation in the Plan upon mailing a notice to terminate
      the
      Participant at his address as it appears on Agent's records.





Upon
      termination, a Participant will
      receive certificates for the whole common shares credited to the Participant's
      account unless the Participant has requested that all or any part of such shares
      be sold and the proceeds of the sale be delivered in cash.  Such sale
      may, but need not, be made by purchase of


the
      shares for the account of other Participants, and any such transaction will
      be
      deemed to have been made at the then current market price
      (as  determined by Agent in its discretion) less any brokerage
      commissions and any other costs of sale.  Fractional shares credited
      to a terminating account will be paid for in cash at the then current market
      price.





8.           A
      Participant will have the sole right to vote full common shares purchased for
      such Participant which are held by Agent under the Plan on the record date
      for a
      vote.  Participants under the Plan who are registered holders of
      common shares will receive only one proxy which will include both registered
      shares and shares under the Plan.





9.           Any
      stock dividends or split shares of GCB common shares distributed on common
      shares held by Agent for a Participant will be credited to the Participant's
      account.  (Any stock dividends or split shares distributed on common
      shares held in a Participant's name will be credited directly to the
      Participant's account.)  In the event GCB makes available to its
      shareholders of common shares rights to subscribe to additional shares,
      debentures, or other securities, the full common shares held for a Participant
      under the Plan will be added to any other common shares held by the Participant
      in calculating the number of rights to be issued to such
      Participant.





10.           Reinvestment
      of dividends under this Plan does not relieve Participants of liability for
      income taxes that may be payable on such dividends or other amounts includible
      in income under applicable tax law.  Dividends paid on the accumulated
      shares or other amounts required to be reported as gross income for Federal
      income tax purposes will be included in Form 1099-DIV, a copy of which will
      be
      sent to the Internal Revenue Service and to each Participant.








11.           Agent
      will not be liable under the Plan (unless it is grossly negligent) for any
      act
      done in good faith or for any good faith omission to act including, without
      limitation, any claim for liability with respect to the prices at which shares
      are purchased or sold for Participants' accounts and the time such purchases
      or
      sales are made.





12.           The
      terms and conditions of the Plan and its operation will be governed by the
      laws
      of the State of New Jersey.





13.           The
      Tax Equity and Fiscal Responsibility Act of 1982 imposes certain reporting
      obligations upon brokers and other middlemen.  As a result, Agent will
      be required to report to the Internal Revenue Service and the Participant any
      sale of stock by it on a Participant's behalf.





14.           The
      Plan may be amended, suspended, modified or terminated at any time by the Board
      of Directors of GCB without the approval of the Participants.  Notice
      of such suspension or termination or material amendment or modification will
      be
      sent to all Participants, who will at all times have the right to withdraw
      from
      the Plan.  Nothing in this Plan will be considered a guarantee or
      promise to pay any dividends in the future except as may be declared by the
      Board of Directors of GCB from time to time.








DIVIDEND


REINVESTMENT
      PLAN


AND


STOCK
      PURCHASE


PLAN








GREATER
      COMMUNITY BANCORP





DIVIDEND


REINVESTMENT
      PLAN


WITH


VOLUNTARY
      CASH


CONTRIBUTION


FEATURE





FOR
      SHAREHOLDERS


OF
      COMMON
      STOCK





The
      Greater Community Bancorp Dividend
      Reinvestment Plan enables shareholders of record of Greater Community Bancorp
      common stock to acquire additional shares of common stock through the
      reinvestment of their quarterly cash dividends and, if they choose, by means
      of
      voluntary cash contributions.








Plan
      Administered By:


Registrar
      & Transfer Company


10
      Commerce Drive


Cranford,
      New Jersey 07016








GREATER
      COMMUNITY BANCORP