**EXHIBIT      99.1**

**55      Union Boulevard, P.O. Box 269, Totowa,      NJ  07511-0269**

**(973)      942-1111     Fax (973) 942-9816**

**www.greatercommunity.com**

**Greater      Community Bancorp Reports First Quarter 2007 EPS of $0.20**

----

----

| **Greater                      Community Bancorp**                                                                                                                     |   |                           |    |   |                              |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|---------|--------|-----------------------------------|--------|
| **Consolidated                      Balance Sheets**                                                                                                                   |   |                           |    |   |                              |   |
| (dollars                      in thousands, except per share data)                                                                                                     |   |                           |    |   |                              |   |
|                                                                                                                                                                   |   |                           |    |   |                              |   |
|                                                                                                                                                                   |   | March                      31, |    |   | December                      31, |   |
|                                                                                                                                                                   |   | 2007                           |    |   | 2006                              |   |
|                                                                                                                                                                   |   | (Unaudited)                    |    |   |                              |   |
| **ASSETS**                                                                                                                                                             |   |                           |    |   |                              |   |
| CASH                      AND DUE FROM BANKS - Non interest-bearing                                                                                                    |   | $                              | 21,801  |   |                              | $      | 22,269 |   |
| FEDERAL                      FUNDS SOLD                                                                                                                                |   |                           | 44,000  |   |                              |   | 31,600 |   |
|                  Total                      cash and cash equivalents             |   |                           | 65,801  |   |                              |   | 53,869 |   |
| DUE                      FROM BANKS - Interest-bearing                                                                                                                 |   |                           | 11,967  |   |                              |   | 26,359 |   |
| INVESTMENT                      SECURITIES - Available-for-sale                                                                                                        |   |                           | 70,789  |   |                              |   | 64,942 |   |
| INVESTMENT                      SECURITIES - Held-to-maturity (aggregate fair values of                                                                                |   |                           |    |   |                              |   |   |   |
|    $30,358                      and $36,225 at March 31, 2007 and December 31, 2006,                      respectively)                                 |   |                           | 30,477  |   |                              |   | 36,391 |   |
|                  Total                      investment securities                 |   |                           | 101,266 |   |                              |   | 101,333 |   |
| LOANS                      AND LEASES, net of unearned income                                                                                                          |   |                           | 747,621 |   |                              |   | 721,430 |   |
|   Less:  Allowance                      for loan and lease losses                                                                                  |   |                           | (10,272 | )      |                              |   | (10,022 | ) |
|                  Net                      loans and leases                        |   |                           | 737,349 |   |                              |   | 711,408 |   |
| PREMISES                      AND EQUIPMENT, net                                                                                                                       |   |                           | 11,064  |   |                              |   | 10,599 |   |
| ACCRUED                      INTEREST RECEIVABLE                                                                                                                       |   |                           | 4,507   |   |                              |   | 4,091 |   |
| OTHER                      REAL ESTATE OWNED, net                                                                                                                      |   |                           | 349     |   |                              |   | 349 |   |
| BANK-OWNED                      LIFE INSURANCE                                                                                                                         |   |                           | 15,613  |   |                              |   | 15,477 |   |
| GOODWILL                                                                                                                                                               |   |                           | 11,574  |   |                              |   | 11,574 |   |
| OTHER                      ASSETS                                                                                                                                      |   |                           | 16,400  |   |                              |   | 15,910 |   |
|    TOTAL                      ASSETS                                                                                                                    |   | $                              | 975,890 |   |                              | $      | 950,969 |   |
|                                                                                                                                                                   |   |                           |    |   |                              |   |   |   |
| **LIABILITIES                      AND SHAREHOLDERS' EQUITY**                                                                                                          |   |                           |    |   |                              |   |   |   |
| DEPOSITS:                                                                                                                                                              |   |                           |    |   |                              |   |   |   |
| Non                      interest-bearing                                                                                                                              |   | $                              | 169,741 |   |                              | $      | 169,013 |   |
| Interest-bearing                      checking                                                                                                                         |   |                           | 100,775 |   |                              |   | 103,853 |   |
| Money                      market                                                                                                                                      |   |                           | 220,204 |   |                              |   | 191,912 |   |
| Savings                                                                                                                                                                |   |                           | 68,015  |   |                              |   | 68,659 |   |
| Time                      deposits less than $100                                                                                                                      |   |                           | 120,778 |   |                              |   | 119,470 |   |
| Time                      deposits $100 and over                                                                                                                       |   |                           | 80,110  |   |                              |   | 74,405 |   |
|                   Total                      deposits                        |   |                           | 759,623 |   |                              |   | 727,312 |   |
| FEDERAL                      FUNDS PURCHASED                                                                                                                           |   |                           | -       |   |                              |   | 10,000 |   |
| SECURITIES                      SOLD UNDER AGREEMENTS TO REPURCHASE                                                                                                    |   |                           | 9,611   |   |                              |   | 8,246 |   |
| FHLB                      ADVANCES                                                                                                                                     |   |                           | 96,000  |   |                              |   | 96,000 |   |
| SUBORDINATED                      DEBENTURES                                                                                                                           |   |                           | 24,743  |   |                              |   | 24,743 |   |
| ACCRUED                      INTEREST PAYABLE                                                                                                                          |   |                           | 4,182   |   |                              |   | 3,191 |   |
| OTHER                      LIABILITIES                                                                                                                                 |   |                           | 13,316  |   |                              |   | 13,902 |   |
|                 Total                      liabilities                                 |   |                           | 907,475 |   |                              |   | 883,394 |   |
| SHAREHOLDERS'                      EQUITY:                                                                                                                             |   |                           |    |   |                              |   |   |   |
| Common                      stock, par value $0.50 per share: 20,000,000 shares authorized,                      8,445,208                      and                    |   |                           |    |   |                              |   |   |   |
|        8,402,842                      shares outstanding at March 31, 2007 and December 31, 2006,                      respectively |   |                           | 4,211   |   |                              |   | 4,201 |   |
| Additional                      paid-in capital                                                                                                                        |   |                           | 58,936  |   |                              |   | 58,633 |   |
| Retained                      earnings                                                                                                                                 |   |                           | 4,508   |   |                              |   | 3,963 |   |
| Accumulated                      other comprehensive income                                                                                                            |   |                           | 760     |   |                              |   | 778 |   |
|                 Total                      shareholders' equity                        |   |                           | 68,415  |   |                              |   | 67,575 |   |
|    TOTAL                      LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                      |   | $                              | 975,890 |   |                              | $      | 950,969 |   |

----

| **Greater                            Community Bancorp**                                                                                 |   |                                          |   |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|--------|--------|--------|--------|
| **Consolidated                            Statements of Income**                                                                         |   |                                          |   |   |   |   |
| (in                            thousands, except per share data, unaudited)                                                              |   |                                          |   |   |   |   |
|                                                                                                                                     |   |                                          |   |   |   |   |
|                                                                                                                                     |   | Three                            Months Ended |   |
|                                                                                                                                     |   | March                            31,          |   |
|                                                                                                                                     |   | 2007                                          |   |   | 2006   |   |
| INTEREST                            INCOME:                                                                                              |   |                                          |   |   |   |   |
|    Loans                            and leases                                                                            |   | $                                             | 12,614 |   |   | $      | 11,609 |   |
|    Investment                            securities                                                                       |   |                                          | 1,394  |   |   |   | 1,406 |   |
|    Federal                            funds sold and deposits with banks                                                  |   |                                          | 606    |   |   |   | 318 |   |
|          Total                            interest income                                   |   |                                          | 14,614 |   |   |   | 13,333 |   |
|                                                                                                                                     |   |                                          |   |   |   |   |   |   |
| INTEREST                            EXPENSE:                                                                                             |   |                                          |   |   |   |   |   |   |
|    Deposits                                                                                                               |   |                                          | 5,050  |   |   |   | 3,477 |   |
|    Short-term                            borrowings                                                                       |   |                                          | 1,366  |   |   |   | 1,057 |   |
|    Long-term                            borrowings                                                                        |   |                                          | 507    |   |   |   | 507 |   |
|          Total                            interest expense                                  |   |                                          | 6,923  |   |   |   | 5,041 |   |
|                                                                                                                                     |   |                                          |   |   |   |   |   |   |
| NET                            INTEREST INCOME                                                                                           |   |                                          | 7,691  |   |   |   | 8,292 |   |
|                                                                                                                                     |   |                                          |   |   |   |   |   |   |
| PROVISION                            FOR LOAN AND LEASE LOSSES                                                                           |   |                                          | 313    |   |   |   | - |   |
|         Net                            interest income after provision for loan and lease losses |   |                                          | 7,378  |   |   |   | 8,292 |   |
|                                                                                                                                     |   |                                          |   |   |   |   |   |   |
| NON-INTEREST                            INCOME:                                                                                          |   |                                          |   |   |   |   |   |   |
|    Service                            charges on deposit accounts                                                         |   |                                          | 681    |   |   |   | 679 |   |
|    Commissions                            and fees                                                                        |   |                                          | 318    |   |   |   | 279 |   |
|    Loan                            fee income                                                                             |   |                                          | 238    |   |   |   | 116 |   |
|    Gain                            on sale of investment securities                                                       |   |                                          | 141    |   |   |   | 28 |   |
|    Bank-owned                            life insurance                                                                   |   |                                          | 136    |   |   |   | 120 |   |
|    All                            other income                                                                            |   |                                          | 107    |   |   |   | 106 |   |
|          Total                            non-interest income                               |   |                                          | 1,621  |   |   |   | 1,328 |   |
|                                                                                                                                     |   |                                          |   |   |   |   |   |   |
| NON-INTEREST                            EXPENSE:                                                                                         |   |                                          |   |   |   |   |   |   |
|    Salaries                            and employee benefits                                                              |   |                                          | 3,746  |   |   |   | 3,399 |   |
|    Occupancy                            and equipment                                                                     |   |                                          | 976    |   |   |   | 913 |   |
|    Regulatory,                            professional and other fees                                                     |   |                                          | 542    |   |   |   | 562 |   |
|    Computer                            services                                                                           |   |                                          | 253    |   |   |   | 242 |   |
|    Office                            expenses                                                                             |   |                                          | 248    |   |   |   | 319 |   |
|    Interest                            on taxes                                                                           |   |                                          | 120    |   |   |   | - |   |
|    Other                            operating expenses                                                                    |   |                                          | 598    |   |   |   | 524 |   |
|         Total                            non-interest expense                                    |   |                                          | 6,483  |   |   |   | 5,959 |   |
|                                                                                                                                     |   |                                          |   |   |   |   |   |   |
| INCOME                            BEFORE PROVISION FOR INCOME TAXES                                                                      |   |                                          | 2,516  |   |   |   | 3,661 |   |
| PROVISION                            FOR INCOME TAXES                                                                                    |   |                                          | 788    |   |   |   | 1,200 |   |
|                                                                                                                                     |   |                                          |   |   |   |   |   |   |
| NET                            INCOME                                                                                                    |   | $                                             | 1,728  |   |   | $      | 2,461 |   |
|                                                                                                                                     |   |                                          |   |   |   |   |   |   |
| Weighted                            Average shares outstanding - Basic                                                                   |   |                                          | 8,427  |   |   |   | 8,304 |   |
| Weighted                            Average shares outstanding - Diluted                                                                 |   |                                          | 8,445  |   |   |   | 8,340 |   |
|                                                                                                                                     |   |                                          |   |   |   |   |   |   |
| Earnings                            per share - Basic                                                                                    |   | $                                             | 0.21   |   |   | $      | 0.30 |   |
| Earnings                            per share - Diluted                                                                                  |   | $                                             | 0.20   |   |   | $      | 0.30 |   |

----

| **Greater                      Community Bancorp**                                                                   |   |                                    |    |                                    |   |    |
|----------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|---------|-----------------------------------------|--------|---------|
|                                                                                                                 |   |                                    |    |
|                                                                                                                 |   | Three                      Months Ended |    |
|                                                                                                                 |   | March                      31,     |
| **SELECTED                      FINANCIAL DATA**                                                                     |   | 2007                               |    | 2006                               |
| (dollars                      in thousands, except per share data, unaudited)                                        |   |                                    |    |                                    |   |    |
| **Earnings**                                                                                                         |   |                                    |    |                                    |   |    |
|    Net                      interest income                                                           |   | $                                       | 7,691   |                                    | $      | 8,292   |
|    Provision                      for loan and lease losses                                           |   |                                    | 313     |                                    |   | -       |
|    Non-interest                      income                                                           |   |                                    | 1,621   |                                    |   | 1,328   |
|    Non-interest                      expense                                                          |   |                                    | 6,483   |                                    |   | 5,959   |
|    Net                      income                                                                    |   |                                    | 1,728   |                                    |   | 2,461   |
| **Per                      Share Data1**                                                                             |   |                                    |    |                                    |   |    |   |   |
|    Earnings                      per share - basic                                                    |   | $                                       | 0.21    |                                    | $      | 0.30    |
|    Earnings                      per share - diluted                                                  |   |                                    | 0.20    |                                    |   | 0.30    |
|    Book                      value per share                                                          |   |                                    | 8.10    |                                    |   | 8.01    |
|    Cash                      dividend declared                                                        |   |                                    | 0.14    |                                    |   | 0.13    |
| **Performance                      Ratios**                                                                          |   |                                    |    |                                    |   |    |   |   |
|    Return                      on average assets                                                      |   |                                    | 0.74    | %                                       |   |    | 1.11 | % |
|    Return                      on average equity                                                      |   |                                    | 10.37   | %                                       |   |    | 15.14 | % |
|    Net                      interest margin (tax equivalent basis)                                    |   |                                    | 3.58    | %                                       |   |    | 4.09 | % |
|    Efficiency                      ratio                                                              |   |                                    | 70.69   | %                                       |   |    | 62.12 | % |
|                                      |
|                                                                                                                 |   |                                    |    |                                    |   |    |   |   |
|                                                                                                                 |   | March                      31,     |    | December                      31,  |
| **SELECTED                      BALANCE SHEET DATA & RATIOS**                                                    |   | 2007                               |    | 2006                               |
| (dollars                      in thousands)                                                                          |   | (Unaudited)                             |    |                                    |   |    |   |
| **Period-end                      Balances**                                                                         |   |                                    |    |                                    |   |    |   |   |
|    Total                      assets                                                                  |   | $                                       | 975,890 |                                    | $      | 950,969 |
|    Total                      loans and leases, net of unearned income                                |   |                                    | 747,621 |                                    |   | 721,430 |
|    Total                      deposits                                                                |   |                                    | 759,623 |                                    |   | 727,312 |
|    Total                      shareholders' equity                                                    |   |                                    | 68,415  |                                    |   | 67,575  |
| **Capital                      & Liquidity**                                                                     |   |                                    |    |                                    |   |    |   |   |
|    Shareholders'                      equity/ total assets                                            |   |                                    | 7.01    | %                                       |   |    | 7.11 | % |
|    Loans                      and leases/ deposits                                                    |   |                                    | 98.42   | %                                       |   |    | 99.19 | % |
| **Asset                      Quality**                                                                               |   |                                    |    |                                    |   |    |   |   |
|    Net                      loan and lease charge-offs/ average loans and leases                      |   |                                    | 0.01    | %                                       |   |    | 0.03 | % |
|    Nonperforming                      assets/ total assets                                            |   |                                    | 0.21    | %                                       |   |    | 0.15 | % |
|    Allowance                      for loan and lease losses/ total loans and leases                   |   |                                    | 1.37    | %                                       |   |    | 1.39 | % |
|                                                                                                                 |   |                                    |    |                                    |   |    |   |   |
| 1Adjusted                      retroactively for stock dividends.                                                    |   |                                    |    |                                    |   |    |   |   |