**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-Q**

**QUARTERLY      REPORT      PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF      1934**

| For                the quarterly period ended | **September                30, 2007** |   |
|-----------------------------------------------|---------------------------------------|--------|

**TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934**

| For                the transition period from |   | to |   |
|-----------------------------------------------|--------|----|--------|

| Commission                File Number: | **0-14294** |   |
|----------------------------------------|-------------|--------|

| **GREATER                COMMUNITY BANCORP**                                         |
|--------------------------------------------------------------------------------------|
| (Exact                name of registrant as specified in its                charter) |

| **New                Jersey**                                                                                    | **22-2545165**                                      |
|------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization)                                    | (I.R.S.                Employer Identification No.) |
|                                                                                                             |                                                |
|                                                                                                             |                                                |
| **55                Union Boulevard, Totowa, New Jersey**                                                        | **07512**                                           |
| (Address                of principal executive offices)                                                          | (Zip                Code)                           |
|                                                                                                             |
| **(973)                942-1111**                                                                                |
| (Registrant's                telephone number, including area code)                                              |
|                                                                                                             |
|                                                                                                             |
| (Former                name, former address and former fiscal year, if changed since last                report) |

| Large                accelerated filer o | Accelerated                filer x | Non-accelerated                filer  o |
|------------------------------------------|------------------------------------|----------------------------------------------|
|                                     |                               |                                         |

----

**TABLE        OF CONTENTS**

|                                                                                                                                                          | PAGE   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **PART                  I - FINANCIAL INFORMATION**                                                                                                           |   |
|                                                                                                                                                          |   |
| Item                  1.  Financial Statements                                                                                                      |   |
|                                                                                                                                                          |   |
| Consolidated                  Balance Sheets (unaudited) at September 30, 2007                  and December 31, 2006                                         | 1      |
|                                                                                                                                                          |   |
| Consolidated                  Statements of Income (unaudited), Three and nine                  months ended September 30, 2007 and 2006                      | 2      |
|                                                                                                                                                          |   |
| Consolidated                  Statements of Comprehensive Income (unaudited), Three                  and nine months ended September 30, 2007 and 2006        | 3      |
|                                                                                                                                                          |   |
| Consolidated                  Statements of Changes in Shareholders’ Equity (unaudited), Nine                  months ended September 30, 2007 and 2006 | 3      |
|                                                                                                                                                          |   |
| Consolidated                  Statements of Cash Flows (unaudited), Nine months                  ended September 30, 2007 and 2006                            | 4      |
|                                                                                                                                                          |   |
| Notes                  to Consolidated Financial Statements                  (unaudited)                                                                      | 5      |
|                                                                                                                                                          |   |
| Item                  2. Management’s Discussion and Analysis of Financial                  Condition and Results of Operations                         | 10     |
|                                                                                                                                                          |   |
| Item                  3. Quantitative and Qualitative Disclosures About Market                  Risk                                                          | 18     |
|                                                                                                                                                          |   |
| Item                  4. Controls and Procedures                                                                                                              | 18     |
|                                                                                                                                                          |   |
|                                                                                                                                                          |   |
| **PART                  II - OTHER INFORMATION**                                                                                                              |   |
|                                                                                                                                                          |   |
| Items                  1 through 6                                                                                                                            | 19     |
|                                                                                                                                                          |   |
| Signatures                                                                                                                                                    | 20     |
|                                                                                                                                                          |   |
| Exhibit                  Index                                                                                                                                | 21     |
|                                                                                                                                                          |   |
|                                                                                                                                                          |   |
|                                                                                                                                                          |   |

----

**PART        I – FINANCIAL INFORMATION**

**Item        1.  Financial Statements.**

**GREATER        COMMUNITY BANCORP AND SUBSIDIARIES**

**CONSOLIDATED        BALANCE SHEETS**

|                                                                                                                                                               |   | September                  30, |    |   | December                  31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|---------|--------|-------------------------------|--------|
|                                                                                                                                                               |   | 2007                           |    |   | 2006                          |   |
| **ASSETS**                                                                                                                                                         |   |                           |    |   |                          |   |
| CASH                  AND DUE FROM BANKS - Non interest-bearing                                                                                                    |   | $                              | 18,234  |   |                          | $      | 22,269 |   |
| FEDERAL                  FUNDS SOLD                                                                                                                                |   |                           | 7,390   |   |                          |   | 31,600 |   |
|                  Total                  cash and cash equivalents             |   |                           | 25,624  |   |                          |   | 53,869 |   |
| DUE                  FROM BANKS - Interest-bearing                                                                                                                 |   |                           | 7,018   |   |                          |   | 26,359 |   |
| INVESTMENT                  SECURITIES - Available-for-sale                                                                                                        |   |                           | 89,482  |   |                          |   | 64,942 |   |
| INVESTMENT                  SECURITIES - Held-to-maturity (aggregate fair values of                                                                                |   |                           |    |   |                          |   |   |   |
|    $18,443                  and $36,225 at September 30, 2007 and December 31, 2006,                  respectively)                                 |   |                           | 18,866  |   |                          |   | 36,391 |   |
|                  Total                  investment securities                 |   |                           | 108,348 |   |                          |   | 101,333 |   |
| LOANS                  AND LEASES, net of unearned income                                                                                                          |   |                           | 789,410 |   |                          |   | 721,430 |   |
|   Less:  Allowance                  for loan and lease losses                                                                                  |   |                           | (10,869 | )      |                          |   | (10,022 | ) |
|                  Net                  loans and leases                        |   |                           | 778,541 |   |                          |   | 711,408 |   |
| PREMISES                  AND EQUIPMENT, net                                                                                                                       |   |                           | 12,148  |   |                          |   | 10,599 |   |
| ACCRUED                  INTEREST RECEIVABLE                                                                                                                       |   |                           | 4,640   |   |                          |   | 4,091 |   |
| OTHER                  REAL ESTATE OWNED                                                                                                                           |   |                           | 349     |   |                          |   | 349 |   |
| BANK-OWNED                  LIFE INSURANCE                                                                                                                         |   |                           | 15,827  |   |                          |   | 15,477 |   |
| GOODWILL                                                                                                                                                           |   |                           | 11,574  |   |                          |   | 11,574 |   |
| OTHER                  ASSETS                                                                                                                                      |   |                           | 16,605  |   |                          |   | 15,910 |   |
|     TOTAL                  ASSETS                                                                                                              |   | $                              | 980,674 |   |                          | $      | 950,969 |   |
|                                                                                                                                                               |   |                           |    |   |                          |   |   |   |
| **LIABILITIES                  AND SHAREHOLDERS' EQUITY**                                                                                                          |   |                           |    |   |                          |   |   |   |
| DEPOSITS:                                                                                                                                                          |   |                           |    |   |                          |   |   |   |
| Non                  interest-bearing                                                                                                                              |   | $                              | 175,257 |   |                          | $      | 169,013 |   |
| Interest-bearing                  checking                                                                                                                         |   |                           | 90,753  |   |                          |   | 103,853 |   |
| Money                  market                                                                                                                                      |   |                           | 229,666 |   |                          |   | 191,912 |   |
| Savings                                                                                                                                                            |   |                           | 65,723  |   |                          |   | 68,659 |   |
| Time                  deposits less than $100                                                                                                                      |   |                           | 121,029 |   |                          |   | 119,470 |   |
| Time                  deposits $100 and over                                                                                                                       |   |                           | 74,892  |   |                          |   | 74,405 |   |
|                   Total                  deposits                        |   |                           | 757,320 |   |                          |   | 727,312 |   |
| FEDERAL                  FUNDS PURCHASED                                                                                                                           |   |                           | -       |   |                          |   | 10,000 |   |
| SECURITIES                  SOLD UNDER AGREEMENTS TO REPURCHASE                                                                                                    |   |                           | 9,822   |   |                          |   | 8,246 |   |
| FHLB                  ADVANCES                                                                                                                                     |   |                           | 106,000 |   |                          |   | 96,000 |   |
| SUBORDINATED                  DEBENTURES                                                                                                                           |   |                           | 24,743  |   |                          |   | 24,743 |   |
| ACCRUED                  INTEREST PAYABLE                                                                                                                          |   |                           | 4,732   |   |                          |   | 3,191 |   |
| OTHER                  LIABILITIES                                                                                                                                 |   |                           | 7,062   |   |                          |   | 13,902 |   |
|                  Total                  liabilities                           |   |                           | 909,679 |   |                          |   | 883,394 |   |
| SHAREHOLDERS'                  EQUITY:                                                                                                                             |   |                           |    |   |                          |   |   |   |
| Common                  stock, par value $0.50 per share: 20,000,000 shares authorized,                  8,664,697                  and                            |   |                           |    |   |                          |   |   |   |
|        8,402,842                  shares outstanding at September 30, 2007 and December 31, 2006,                  respectively |   |                           | 4,332   |   |                          |   | 4,201 |   |
| Additional                  paid-in capital                                                                                                                        |   |                           | 62,436  |   |                          |   | 58,633 |   |
| Retained                  earnings                                                                                                                                 |   |                           | 4,077   |   |                          |   | 3,963 |   |
| Accumulated                  other comprehensive income                                                                                                            |   |                           | 150     |   |                          |   | 778 |   |
|                 Total                  shareholders' equity                        |   |                           | 70,995  |   |                          |   | 67,575 |   |
|    TOTAL                  LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                      |   | $                              | 980,674 |   |                          | $      | 950,969 |   |
|                                                                                                                                                               |   |                           |    |   |                          |   |   |   |
|                                                                                                                                                               |   |                           |    |   |                          |   |   |   |
| See                  accompanying notes to consolidated financial statements.                                                                                      |   |

----

**GREATER        COMMUNITY BANCORP AND SUBSIDIARIES**

**CONSOLIDATED        STATEMENTS OF INCOME**

|                                                                                                                                                   |   | Three                  Months Ended |   |   | Nine                  Months Ended |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|--------|------------------------------------|--------|
|                                                                                                                                                   |   | September                  30,      |   |   | September                  30,     |   |
|                                                                                                                                                   |   | 2007                                |   |   | 2006                               |   |   | 2007 |   |   | 2006 |   |
| INTEREST                  INCOME:                                                                                                                      |   |                                |   |   |                               |   |   |   |   |   |   |   |
|    Loans                  and leases                                                                                                    |   | $                                   | 13,618 |   |                               | $      | 12,245 |   |   | $ | 39,417 |   |   | $ | 35,704 |   |
|    Investment                  securities                                                                                               |   |                                | 1,485  |   |                               |   | 1,353 |   |   |   | 4,222 |   |   |   | 4,109 |   |
|    Federal                  funds sold and deposits with banks                                                                          |   |                                | 400    |   |                               |   | 257 |   |   |   | 1,676 |   |   |   | 753 |   |
|              Total                  interest income                                   |   |                                | 15,503 |   |                               |   | 13,855 |   |   |   | 45,315 |   |   |   | 40,566 |   |
|                                                                                                                                                   |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| INTEREST                  EXPENSE:                                                                                                                     |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
|    Deposits                                                                                                                             |   |                                | 5,716  |   |                               |   | 4,526 |   |   |   | 16,412 |   |   |   | 11,743 |   |
|    Short-term                  borrowings                                                                                               |   |                                | 1,432  |   |                               |   | 1,060 |   |   |   | 4,072 |   |   |   | 3,191 |   |
|    Long-term                  borrowings                                                                                                |   |                                | 422    |   |                               |   | 507 |   |   |   | 1,436 |   |   |   | 1,521 |   |
|              Total                  interest expense                                  |   |                                | 7,570  |   |                               |   | 6,093 |   |   |   | 21,920 |   |   |   | 16,455 |   |
|                                                                                                                                                   |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| NET                  INTEREST INCOME                                                                                                                   |   |                                | 7,933  |   |                               |   | 7,762 |   |   |   | 23,395 |   |   |   | 24,111 |   |
|                                                                                                                                                   |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| PROVISION                  FOR LOAN AND LEASE LOSSES                                                                                                   |   |                                | 614    |   |                               |   | 177 |   |   |   | 1,258 |   |   |   | 491 |   |
|             Net                  interest income after provision for loan and lease losses |   |                                | 7,319  |   |                               |   | 7,585 |   |   |   | 22,137 |   |   |   | 23,620 |   |
|                                                                                                                                                   |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| NON-INTEREST                  INCOME:                                                                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
|    Service                  charges on deposit accounts                                                                                 |   |                                | 644    |   |                               |   | 686 |   |   |   | 1,958 |   |   |   | 2,103 |   |
|    Commissions                  and fees                                                                                                |   |                                | 372    |   |                               |   | 305 |   |   |   | 1,028 |   |   |   | 907 |   |
|    Loan                  fee income                                                                                                     |   |                                | 375    |   |                               |   | 223 |   |   |   | 810 |   |   |   | 505 |   |
|    Gain                  on sale of loans                                                                                               |   |                                | 53     |   |                               |   | - |   |   |   | 109 |   |   |   | - |   |
|    Gain                  on sale of investment securities                                                                               |   |                                | 464    |   |                               |   | 137 |   |   |   | 624 |   |   |   | 165 |   |
|    Bank-owned                  life insurance                                                                                           |   |                                | 121    |   |                               |   | 117 |   |   |   | 350 |   |   |   | 352 |   |
|    All                  other income                                                                                                    |   |                                | 81     |   |                               |   | 146 |   |   |   | 289 |   |   |   | 454 |   |
|              Total                  non-interest income                               |   |                                | 2,110  |   |                               |   | 1,614 |   |   |   | 5,168 |   |   |   | 4,486 |   |
|                                                                                                                                                   |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| NON-INTEREST                  EXPENSE:                                                                                                                 |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
|    Salaries                  and employee benefits                                                                                      |   |                                | 3,540  |   |                               |   | 3,204 |   |   |   | 11,000 |   |   |   | 10,512 |   |
|    Occupancy                  and equipment                                                                                             |   |                                | 916    |   |                               |   | 912 |   |   |   | 2,951 |   |   |   | 2,748 |   |
|    Regulatory,                  professional and other fees                                                                             |   |                                | 597    |   |                               |   | 503 |   |   |   | 2,485 |   |   |   | 1,613 |   |
|    Computer                  services                                                                                                   |   |                                | 360    |   |                               |   | 201 |   |   |   | 837 |   |   |   | 644 |   |
|    Office                  expenses                                                                                                     |   |                                | 260    |   |                               |   | 252 |   |   |   | 827 |   |   |   | 781 |   |
|    Interest                  on income taxes (recovery)                                                                                 |   |                                | 12     |   |                               |   | - |   |   |   | (503 | ) |   |   | - |   |
|    Other                  operating expenses                                                                                            |   |                                | 501    |   |                               |   | 561 |   |   |   | 1,618 |   |   |   | 1,514 |   |
|             Total                  non-interest expense                                    |   |                                | 6,186  |   |                               |   | 5,633 |   |   |   | 19,215 |   |   |   | 17,812 |   |
|                                                                                                                                                   |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| INCOME                  BEFORE PROVISION FOR INCOME TAXES                                                                                              |   |                                | 3,243  |   |                               |   | 3,566 |   |   |   | 8,090 |   |   |   | 10,294 |   |
| PROVISION                  FOR INCOME TAXES                                                                                                            |   |                                | 1,048  |   |                               |   | 1,164 |   |   |   | 1,210 |   |   |   | 3,316 |   |
|                                                                                                                                                   |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| NET                  INCOME                                                                                                                            |   | $                                   | 2,195  |   |                               | $      | 2,402 |   |   | $ | 6,880 |   |   | $ | 6,978 |   |
|                                                                                                                                                   |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                  average shares outstanding - Basic                                                                                           |   |                                | 8,658  |   |                               |   | 8,555 |   |   |   | 8,642 |   |   |   | 8,537 |   |
| Weighted                  average shares outstanding - Diluted                                                                                         |   |                                | 8,664  |   |                               |   | 8,588 |   |   |   | 8,645 |   |   |   | 8,571 |   |
|                                                                                                                                                   |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Earnings                  per share - Basic                                                                                                            |   | $                                   | 0.25   |   |                               | $      | 0.28 |   |   | $ | 0.80 |   |   | $ | 0.82 |   |
| Earnings                  per share - Diluted                                                                                                          |   | $                                   | 0.25   |   |                               | $      | 0.28 |   |   | $ | 0.80 |   |   | $ | 0.81 |   |
|                                                                                                                                                   |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |

| See                  accompanying notes to consolidated financial statements. |   |
|-------------------------------------------------------------------------------|--------|

----

**GREATER        COMMUNITY BANCORP AND SUBSIDIARIES**

**CONSOLIDATED        STATEMENTS OF COMPREHENSIVE INCOME**

|                                                                                          |   | Three                  Months EndedSeptember                  30, |   |   | Nine                  Months EndedSeptember                  30, |   |
|-----------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|--------|--------|------------------------------------------------------------------|--------|
|                                                                                          |   | 2007                                                              |   |   | 2006                                                             |   |   | 2007 |   |   | 2006 |   |
|                                                                                          |   |                                                              |   |   |                                                             |   |   |   |   |   |   |   |
| NET                  INCOME                                                                   |   | $                                                                 | 2,195  |   |                                                             | $      | 2,402 |   |   | $ | 6,880 |   |   | $ | 6,978 |   |
| OTHER                  COMPREHENSIVE INCOME (LOSS), NET OF TAX:                               |   |                                                              |   |   |                                                             |   |   |   |   |   |   |   |   |   |   |   |
|    Unrealized                  securities gains (losses) arising during period |   |                                                              | 383    |   |                                                             |   | 691 |   |   |   | (216 | ) |   |   | 521 |   |
|    Less:                  reclassification for gains included in net income    |   |                                                              | 306    |   |                                                             |   | 90 |   |   |   | 412 |   |   |   | 109 |   |
| Other                  comprehensive income (loss), net of tax                                |   |                                                              | 77     |   |                                                             |   | 601 |   |   |   | (628 | ) |   |   | 412 |   |
| TOTAL                  COMPREHENSIVE INCOME                                                   |   | $                                                                 | 2,272  |   |                                                             | $      | 3,003 |   |   | $ | 6,252 |   |   | $ | 7,390 |   |

**CONSOLIDATED        STATEMENTS OF CHANGES IN SHAREHOLDERS’EQUITY**

|                                                                          |   | CommonStock |   |   | AdditionalPaid-inCapital |   |   | RetainedEarnings |   |   | AccumulatedOtherComprehensiveIncome |   |   | TotalShareholders'Equity |   |
|-------------------------------------------------------------------------------|--------|-------------|--------|--------|--------------------------|--------|--------|------------------|--------|--------|-------------------------------------|--------|--------|--------------------------|--------|
|                                                                          |   |        |   |   |                     |   |   |             |   |   |                                |   |   |
| Nine                  Months Ended September 30, 2007                         |   |        |   |   |                     |   |   |             |   |   |                                |   |   |
|                                                                          |   |        |   |   |                     |   |   |             |   |   |                                |   |   |                     |   |
| BALANCE:   January                  1, 2007                    |   | $           | 4,201  |   |                     | $      | 58,633 |             |   | $      | 3,963                               |   |   | $                        | 778    |   |   | $ | 67,575 |   |
| Net                  income                                                   |   |        | -      |   |                     |   | -      |             |   |   | 6,880                               |   |   |                     | -      |   |   |   | 6,880 |   |
| Exercise                  of stock options                                    |   |        | 4      |   |                     |   | 55     |             |   |   | -                                   |   |   |                     | -      |   |   |   | 59 |   |
| Tax                  benefit from exercise of stock options                   |   |        | -      |   |                     |   | 21     |             |   |   | -                                   |   |   |                     | -      |   |   |   | 21 |   |
| Issuance                  of common stock                                     |   |        | 20     |   |                     |   | 702    |             |   |   | -                                   |   |   |                     | -      |   |   |   | 722 |   |
| Stock-based                  compensation                                     |   |        | -      |   |                     |   | 37     |             |   |   | -                                   |   |   |                     | -      |   |   |   | 37 |   |
| Cash                  dividends declared, $0.43 per share                     |   |        | -      |   |                     |   | -      |             |   |   | (3,671                              | )      |   |                     | -      |   |   |   | (3,671 | ) |
| 2.5%                  stock dividend                                          |   |        | 107    |   |                     |   | 2,988  |             |   |   | (3,095                              | )      |   |                     | -      |   |   |   | - |   |
| Other                  comprehensive (loss), net of tax                       |   |        | -      |   |                     |   | -      |             |   |   | -                                   |   |   |                     | (628   | ) |   |   | (628 | ) |
| BALANCE:  September                  30, 2007                       |   | $           | 4,332  |   |                     | $      | 62,436 |             |   | $      | 4,077                               |   |   | $                        | 150    |   |   | $ | 70,995 |   |
|                                                                          |   |        |   |   |                     |   |   |             |   |   |                                |   |   |                     |   |   |   |   |   |   |
| Nine                  Months Ended September 30, 2006                         |   |        |   |   |                     |   |   |             |   |   |                                |   |   |                     |   |   |   |
|                                                                          |   |        |   |   |                     |   |   |             |   |   |                                |   |   |                     |   |   |   |   |   |   |
| BALANCE:   January                  1, 2006                    |   | $           | 3,994  |   |                     | $      | 53,907 |             |   | $      | 6,216                               |   |   | $                        | 424    |   |   | $ | 64,541 |   |
| Net                  income                                                   |   |        | -      |   |                     |   | -      |             |   |   | 6,978                               |   |   |                     | -      |   |   |   | 6,978 |   |
| Exercise                  of stock options                                    |   |        | 70     |   |                     |   | 234    |             |   |   | -                                   |   |   |                     | -      |   |   |   | 304 |   |
| Issuance                  of common stock                                     |   |        | 11     |   |                     |   | 320    |             |   |   | -                                   |   |   |                     | -      |   |   |   | 331 |   |
| Stock-based                  compensation                                     |   |        | -      |   |                     |   | 2      |             |   |   | -                                   |   |   |                     | -      |   |   |   | 2 |   |
| Cash                  dividends declared, $0.41 per share                     |   |        | -      |   |                     |   | -      |             |   |   | (3,411                              | )      |   |                     | -      |   |   |   | (3,411 | ) |
| 2.5%                  stock dividend                                          |   |        | 101    |   |                     |   | 3,118  |             |   |   | (3,219                              | )      |   |                     | -      |   |   |   | - |   |
| Other                  comprehensive income, net of tax                       |   |        | -      |   |                     |   | -      |             |   |   | -                                   |   |   |                     | 412    |   |   |   | 412 |   |
| BALANCE:  September                  30, 2006                       |   | $           | 4,176  |   |                     | $      | 57,581 |             |   | $      | 6,564                               |   |   | $                        | 836    |   |   | $ | 69,157 |   |
|                                                                          |   |        |   |   |                     |   |   |             |   |   |                                |   |   |                     |   |   |   |   |   |   |
|                                                                          |   |        |   |   |                     |   |   |             |   |   |                                |   |   |                     |   |   |   |   |   |   |
| See                  accompanying notes to consolidated financial statements. |   |

----

**GREATER        COMMUNITY BANCORP AND SUBSIDIARIES**

**CONSOLIDATED        STATEMENTS OF CASH FLOWS**

|                                                                                                                                                              |   | Nine                  Months Ended |    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|---------|
|                                                                                                                                                              |   | September                  30,     |    |
|                                                                                                                                                              |   | 2007                               |    |   | 2006 |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES:                                                                                                            |   |                               |    |   |   |   |
| Net                  income                                                                                                                                       |   | $                                  | 6,880   |   |   | $ | 6,978 |   |
| Adjustments                  to reconcile net income to net cash provided by operating                  activities:                                               |   |                               |    |   |   |
|     Depreciation                  and amortization                                                                                            |   |                               | 906     |   |   |   | 797 |   |
|     Premium                  amortization (discount accretion) on securities, net                                                             |   |                               | 1       |   |   |   | (24 | ) |
|     Provision                  for loan and lease losses                                                                                      |   |                               | 1,258   |   |   |   | 491 |   |
|     Gain                  on sale of SBA loans held for sale                                                                                  |   |                               | (109    | ) |   |   | - |   |
|     Origination                  of SBA loans held for sale                                                                                   |   |                               | (1,356  | ) |   |   | - |   |
|     Proceeds                  from sale of SBA loans                                                                                          |   |                               | 1,465   |   |   |   | - |   |
|     Gain                  on sale of securities, net                                                                                          |   |                               | (624    | ) |   |   | (165 | ) |
|     Stock-based                  compensation                                                                                                 |   |                               | 37      |   |   |   | 2 |   |
|     Recognized                  loss on impaired securities                                                                                   |   |                               | -       |   |   |   | 23 |   |
|     Increase                  in accrued interest receivable                                                                                  |   |                               | (549    | ) |   |   | (427 | ) |
|     Increase                  in bank-owned life insurance and other assets                                                                   |   |                               | (582    | ) |   |   | (521 | ) |
|     (Decrease)                  increase in accrued expenses and other liabilities                                                            |   |                               | (5,299  | ) |   |   | 813 |   |
|           Net                  cash provided by operating activities                                            |   |                               | 2,028   |   |   |   | 7,967 |   |
|                                                                                                                                                              |   |                               |    |   |   |   |   |   |
| CASH                  FLOWS FROM INVESTING ACTIVITIES:                                                                                                            |   |                               |    |   |   |   |   |   |
|     Available-for-sale                  investment securities                                                                                 |   |                               |    |   |   |   |   |   |
|          Purchases                                                                                                   |   |                               | (40,501 | ) |   |   | (1,547 | ) |
|          Sales                                                                                                       |   |                               | 2,577   |   |   |   | 228 |   |
|          Maturities                  and principal paydowns                                                          |   |                               | 12,907  |   |   |   | 18,040 |   |
|     Held-to-maturity                  investment securities                                                                                   |   |                               |    |   |   |   |   |   |
|          Purchases                                                                                                   |   |                               | (5,116  | ) |   |   | (6,883 | ) |
|          Maturities                  and principal paydowns                                                          |   |                               | 22,671  |   |   |   | 9,900 |   |
|     Decrease                  in interest-bearing deposits with banks                                                                         |   |                               | 19,341  |   |   |   | 4,635 |   |
|     Increase                  in loans and leases                                                                                             |   |                               | (68,391 | ) |   |   | (29,282 | ) |
|     Capital                  expenditures                                                                                                     |   |                               | (2,455  | ) |   |   | (634 | ) |
|           Net                  cash (used in) investing activities                                              |   |                               | (58,967 | ) |   |   | (5,543 | ) |
|                                                                                                                                                              |   |                               |    |   |   |   |   |   |
| CASH                  FLOW FROM FINANCING ACTIVITIES:                                                                                                             |   |                               |    |   |   |   |   |   |
|     Increase                  (decrease) in deposit accounts                                                                                  |   |                               | 30,008  |   |   |   | (28,306 | ) |
|     Decrease                  in federal funds purchased                                                                                      |   |                               | (10,000 | ) |   |   | - |   |
|     Increase                  in securities sold under agreements to repurchase                                                               |   |                               | 1,576   |   |   |   | 1,049 |   |
|     Increase                  (decrease) in FHLB advances                                                                                     |   |                               | 10,000  |   |   |   | (5,000 | ) |
|     Dividends                  paid to common shareholders                                                                                    |   |                               | (3,671  | ) |   |   | (3,411 | ) |
|     Proceeds                  from exercise of stock options                                                                                  |   |                               | 59      |   |   |   | 304 |   |
|     Proceeds                  from issuance of common stock                                                                                   |   |                               | 722     |   |   |   | 331 |   |
|           Net                  cash provided by (used in) financing activities                                  |   |                               | 28,694  |   |   |   | (35,033 | ) |
|                                                                                                                                                              |   |                               |    |   |   |   |   |   |
| NET                  (DECREASE) IN CASH AND CASH EQUIVALENTS                                                                                                      |   | $                                  | (28,245 | ) |   | $ | (32,609 | ) |
| CASH                  AND CASH EQUIVALENTS, beginning of period                                                                                                   |   |                               | 53,869  |   |   |   | 65,577 |   |
| CASH                  AND CASH EQUIVALENTS, end of period                                                                                                         |   | $                                  | 25,624  |   |   | $ | 32,968 |   |
|                                                                                                                                                              |   |                               |    |   |   |   |   |   |
| Supplemental                  disclosure of cash flow information:                                                                                                |   |                               |    |   |   |   |   |   |
|           Cash                  paid during the period for interest on deposits and                  borrowings |   | $                                  | 20,379  |   |   | $ | 14,896 |   |
|           Cash                  paid during the period for federal and state income taxes                       |   |                               | 5,906   |   |   |   | 3,285 |   |

|                                                                          |   |   |   |   |   |   |   |   |
|-------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                          |   |   |   |   |   |   |   |   |
| See                  accompanying notes to consolidated financial statements. |   |

----

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**1.    Basis        of Presentation**

**2.    Dividends**

**3.    Earnings        Per Share**

| (in                    thousands, except per share data)                  |   | Three                    Months EndedSeptember                    30, |   |   | Nine                    Months EndedSeptember                    30, |   |
|---------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------|--------|
|                                                                      |   | 2007                                                                  |   |   | 2006                                                                 |   |   | 2007 |   |   | 2006 |   |
|                                                                      |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |
| Net                    income available to common stockholders            |   | $                                                                     | 2,195  |   |                                                                 | $      | 2,402 |   |   | $ | 6,880 |   |   | $ | 6,978 |   |
|                                                                      |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Basic                    weighted-average common shares outstanding       |   |                                                                  | 8,658  |   |                                                                 |   | 8,555 |   |   |   | 8,642 |   |   |   | 8,537 |   |
|     Plus:                    common stock equivalents |   |                                                                  | 6      |   |                                                                 |   | 33 |   |   |   | 3 |   |   |   | 34 |   |
| Diluted                    weighted average common shares outstanding     |   |                                                                  | 8,664  |   |                                                                 |   | 8,588 |   |   |   | 8,645 |   |   |   | 8,571 |   |
|                                                                      |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Basic                    earnings per share                               |   | $                                                                     | 0.25   |   |                                                                 | $      | 0.28 |   |   | $ | 0.80 |   |   | $ | 0.82 |   |
| Diluted                    earnings per share                             |   | $                                                                     | 0.25   |   |                                                                 | $      | 0.28 |   |   | $ | 0.80 |   |   | $ | 0.81 |   |

**4.   Stock-Based        Compensation**

|   | § | 2001                  Stock Option Plan for Nonemployee Directors (the “2001 Directors                  Plan”) |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------|

|   | § | 2001                  Employee Stock Option Plan (the “2001 Employee                  Plan”) |
|--------|--------|----------------------------------------------------------------------------------------------------------|

|   | § | 2006                  Long-Term Stock Compensation Plan (the “2006                  Plan”) |
|--------|--------|--------------------------------------------------------------------------------------------------------|

----

| Stock                  Options                                                                                                                                                                                |   | AwardsAuthorized |    |   | CumulativeGranted,Net                  ofCancellations |   |    | AwardsAvailable                  forGrant |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|---------|--------|--------------------------------------------------------|--------|---------|-------------------------------------------|--------|
| 2001                  Directors Plan                                                                                                                                                                          |   |             | 69,853  |   |                                                   |   | 62,829  |                                      |   |   | - |   |
| 2001                  Employee Plan                                                                                                                                                                           |   |             | 374,213 |   |                                                   |   | 242,872 |                                      |   |   | - |   |
| 2006                  Plan (1)                                                                                                                                                                                |   |             | 315,187 |   |                                                   |   | 15,785  |                                      |   |   | 299,402 |   |
|                                                                                                                                                                                                          |   |             |    |   |                                                   |   |    |                                      |   |   |   |   |
| Restricted                  Stock                                                                                                                                                                             |   |             |    |   |                                                   |   |    |                                      |   |   |   |   |
| 2006                  Plan (1)                                                                                                                                                                                |   |             | 105,063 |   |                                                   |   | 23,859  |                                      |   |   | 81,204 |   |
|                                                                                                                                                                                                          |   |             |    |   |                                                   |   |    |                                      |   |   |   |   |
| (1)The                  2006                  Plan provides for a total of 420,250 authorized awards, of which                  a maximum                  of 105,063 awards may be in restricted stock. |   |

*Share-Based Payment*

| Stock                  Options                     |   | NumberofShares |    |   | WeightedAverageExercisePrice |   |   | WeightedAverageRemainingContractualLife                    (years) |   |   | AggregateIntrinsicValue |   |
|----------------------------------------------------|--------|----------------|---------|--------|------------------------------|--------|--------|--------------------------------------------------------------------|--------|--------|-------------------------|--------|
| Outstanding                  at January 1, 2007    |   |           | 172,197 |   |                         | $      | 13.87  |                                                               |   |   |                    |   |   |   |
| Granted                                            |   |           | -       |   |                         |   | -      |                                                               |   |   |                    |   |   |   |
| Exercised                                          |   |           | (20,085 | )      |                         |   | 13.38  |                                                               |   |   |                    |   | $ | 79,066 |   |
| Terminated                                         |   |           | (1,135  | )      |                         |   | 12.94  |                                                               |   |   |                    |   |   |   |   |
| Outstanding                  at September 30, 2007 |   |           | 150,977 |   |                         | $      | 13.94  |                                                               |   |   | 4.63                    |   |   | $ | 165,806 |   |
| Exercisable                  at September 30, 2007 |   |           | 137,755 |   |                         | $      | 13.82  |                                                               |   |   | 4.55                    |   |   | $ | 163,816 |   |
|                                               |   |           |    |   |                         |   |   |                                                               |   |   |                    |   |   |   |   |   |

----

|                                                          |   | Options                    Outstanding     |   | Options                    Exercisable                            |
|---------------------------------------------------------------|--------|----------------------------------------------------------------|--------|----------------------------------------------------------------------------------|
| Range                    ofExercise                    Prices |   | Number                    of SharesOutstanding                 |   | Weighted                    AverageRemaining                    Contractual Life |   | Weighted                    AverageExercise                    Price |   | Number                    of SharesExercisable |   | Weighted                    AverageExercise                    Price  |
|                                                          |   |                                                           |   |                                                                             |   |   |   |   |   |   |
| $8.01                    to $12.68                            |   | 38,541                                                         |   | 2.92                    years                                                    |   | $11.62 |   | 38,541 |   | $11.62 |
| $14.60                    to $15.87                           |   | 112,436                                                        |   | 5.21                    years                                                    |   | $14.74 |   | 99,214 |   | $14.68 |
|                                                          |   | 150,977                                                        |   |                                                                   |   |   |   | 137,755 |   |   |

| Restricted                  Stock                                                                            |   | Number                    ofShares |   |   | Weighted                    Average                    Grant                    Date                    Fair Value |   |   | Weighted                    Average                    Remaining                    Contractual                    Life                    (years) |   |
|--------------------------------------------------------------------------------------------------------------|--------|------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Outstanding                  at January 1, 2007                                                              |   |                               | 4,613  |   |                                                                                                               | $      | 16.76  |                                                                                                                                               |   |   |   |
| Granted                                                                                                      |   |                               | 20,671 |   |                                                                                                               |   | 17.52  |                                                                                                                                               |   |   |   |
| Vested                                                                                                       |   |                               | -      |   |                                                                                                               |   | -      |                                                                                                                                               |   |   |   |
| Terminated                                                                                                   |   |                               | (1,425 | )      |                                                                                                               |   | 17.57  |                                                                                                                                               |   |   |   |
| Outstanding                  at September 30, 2007                                                           |   |                               | 23,859 |   |                                                                                                               | $      | 17.37  |                                                                                                                                               |   |   | 2.37 |   |
|                                                                                                         |   |                               |   |   |                                                                                                               |   |   |                                                                                                                                               |   |   |   |   |
| Weighted                  average grant date fair value of awards granted during the                  period |   |                               |   |   |                                                                                                               | $      | 17.52  |                                                                                                                                               |   |   |   |   |
|                                                                                                         |   |                               |   |   |                                                                                                               |   |   |                                                                                                                                               |   |   |   |   |

|                                                                 |   |   Restricted                    Stock Outstanding   |
|----------------------------------------------------------------------|--------|-------------------------------------------------------------------------|
| Range                    of GrantDate                    Fair Values |   | Number                    of SharesOutstanding                          |   | Weighted                    AverageRemaining                    Contractual Life |   | Weighted                    AverageGrant                    Date Fair Value |
|                                                                 |   |                                                                    |   |   |   |   |
| $16.73                    to $17.57                                  |   | 23,859                                                                  |   | 2.37                    years |   | $17.37 |

**5.      Business        Segments**

----

| (in                  thousands)                           |   | At                  and for the Three Months Ended September 30, 2007 |    |
|-----------------------------------------------------------|--------|-----------------------------------------------------------------------|---------|
|                                                      |   | Total                  Company                                        |    |   | Community Banking |   |   | Leasing |   |   | Corporate                  and                  Other 2 |   |
| Net                  interest income                      |   | $                                                                     | 7,933   |   |   | $ | 7,281 |   |   | $ | 652 |   |   | $ | - |   |
| Non-interest                  income 1                    |   |                                                                  | 1,593   |   |   |   | 1,448 |   |   |   | 163 |   |   |   | (18 | ) |
| Total                  revenue                            |   |                                                                  | 9,526   |   |   |   | 8,729 |   |   |   | 815 |   |   |   | (18 | ) |
| Provision                  for loan and lease losses      |   |                                                                  | 614     |   |   |   | 321 |   |   |   | 293 |   |   |   | - |   |
| Gain                  on sale of loans                    |   |                                                                  | 53      |   |   |   | 53 |   |   |   | - |   |   |   |   |   |
| Gain                  on sale of investment securities    |   |                                                                  | 464     |   |   |   | 464 |   |   |   | - |   |   |   |   |   |
| Non-interest                  expense                     |   |                                                                  | 6,186   |   |   |   | 5,763 |   |   |   | 441 |   |   |   | (18 | ) |
| Income                  before provision for income taxes |   |                                                                  | 3,243   |   |   |   | 3,162 |   |   |   | 81 |   |   |   | - |   |
| Provision                  for income taxes               |   |                                                                  | 1,048   |   |   |   | 1,015 |   |   |   | 33 |   |   |   | - |   |
| Net                  income                               |   | $                                                                     | 2,195   |   |   | $ | 2,147 |   |   | $ | 48 |   |   | $ | - |   |
|                                                      |   |                                                                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  assets at period-end               |   | $                                                                     | 980,674 |   |   | $ | 974,018 |   |   | $ | 78,420 |   |   | $ | (71,764 | ) |

| (in                  thousands)                           |   | At                  and for the Three Months Ended September 30, 2006 |    |
|-----------------------------------------------------------|--------|-----------------------------------------------------------------------|---------|
|                                                      |   | Total                  Company                                        |    |   | Community                  Banking |   |   | Leasing |   |   | Corporate                  and                  Other 2 |   |
| Net                  interest income                      |   | $                                                                     | 7,762   |   |   | $ | 7,101 |   |   | $ | 661 |   |   | $ | - |   |
| Non-interest                  income 1                    |   |                                                                  | 1,477   |   |   |   | 1,394 |   |   |   | 101 |   |   |   | (18 | ) |
| Total                  revenue                            |   |                                                                  | 9,239   |   |   |   | 8,495 |   |   |   | 762 |   |   |   | (18 | ) |
| Provision                  for loan and lease losses      |   |                                                                  | 177     |   |   |   | 99 |   |   |   | 78 |   |   |   | - |   |
| Gain                  on sale of investment securities    |   |                                                                  | 137     |   |   |   | 137 |   |   |   | - |   |   |   |   |   |
| Non-interest                  expense                     |   |                                                                  | 5,633   |   |   |   | 5,184 |   |   |   | 467 |   |   |   | (18 | ) |
| Income                  before provision for income taxes |   |                                                                  | 3,566   |   |   |   | 3,349 |   |   |   | 217 |   |   |   | - |   |
| Provision                  for income taxes               |   |                                                                  | 1,164   |   |   |   | 1,074 |   |   |   | 90 |   |   |   | - |   |
| Net                  income                               |   | $                                                                     | 2,402   |   |   | $ | 2,275 |   |   | $ | 127 |   |   | $ | - |   |
|                                                      |   |                                                                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  assets at period-end               |   | $                                                                     | 898,970 |   |   | $ | 893,174 |   |   | $ | 65,700 |   |   | $ | (59,904 | ) |

| (in                  thousands)                           |   | At                  and for the Nine Months Ended September 30, 2007 |    |
|-----------------------------------------------------------|--------|----------------------------------------------------------------------|---------|
|                                                      |   | Total                  Company                                       |    |   | Community                  Banking |   |   | Leasing |   |   | Corporate                  and                  Other                  2 |   |
| Net                  interest income                      |   | $                                                                    | 23,395  |   |   | $ | 21,431 |   |   | $ | 1,964 |   |   | $ | - |   |
| Non-interest                  income 1                    |   |                                                                 | 4,435   |   |   |   | 4,090 |   |   |   | 397 |   |   |   | (52 | ) |
| Total                  revenue                            |   |                                                                 | 27,830  |   |   |   | 25,521 |   |   |   | 2,361 |   |   |   | (52 | ) |
| Provision                  for loan and lease losses      |   |                                                                 | 1,258   |   |   |   | 797 |   |   |   | 461 |   |   |   | - |   |
| Gain                  on sale of loans                    |   |                                                                 | 109     |   |   |   | 109 |   |   |   | - |   |   |   | - |   |
| Gain                  on sale of investment securities    |   |                                                                 | 624     |   |   |   | 624 |   |   |   | - |   |   |   | - |   |
| Non-interest                  expense                     |   |                                                                 | 19,215  |   |   |   | 17,859 |   |   |   | 1,408 |   |   |   | (52 | ) |
| Income                  before provision for income taxes |   |                                                                 | 8,090   |   |   |   | 7,598 |   |   |   | 492 |   |   |   | - |   |
| Provision                  for income taxes               |   |                                                                 | 1,210   |   |   |   | 1,024 |   |   |   | 186 |   |   |   | - |   |
| Net                  income                               |   | $                                                                    | 6,880   |   |   | $ | 6,574 |   |   | $ | 306 |   |   | $ | - |   |
|                                                      |   |                                                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  assets at period-end               |   | $                                                                    | 980,674 |   |   | $ | 974,018 |   |   | $ | 78,420 |   |   | $ | (71,764 | ) |

| (in                  thousands)                           |   | At                  and for the Nine Months Ended September 30, 2006 |    |
|-----------------------------------------------------------|--------|----------------------------------------------------------------------|---------|
|                                                      |   | Total                  Company                                       |    |   | Community                  Banking |   |   | Leasing |   |   | Corporate                  and                  Other                  2 |   |
| Net                  interest income                      |   | $                                                                    | 24,111  |   |   | $ | 22,043 |   |   | $ | 2,068 |   |   | $ | - |   |
| Non-interest                  income 1                    |   |                                                                 | 4,321   |   |   |   | 4,087 |   |   |   | 281 |   |   |   | (47 | ) |
| Total                  revenue                            |   |                                                                 | 28,432  |   |   |   | 26,130 |   |   |   | 2,349 |   |   |   | (47 | ) |
| Provision                  for loan and lease losses      |   |                                                                 | 491     |   |   |   | 288 |   |   |   | 203 |   |   |   | - |   |
| Gain                  on sale of investment securities    |   |                                                                 | 165     |   |   |   | 165 |   |   |   | - |   |   |   | - |   |
| Non-interest                  expense                     |   |                                                                 | 17,812  |   |   |   | 16,461 |   |   |   | 1,398 |   |   |   | (47 | ) |
| Income                  before provision for income taxes |   |                                                                 | 10,294  |   |   |   | 9,546 |   |   |   | 748 |   |   |   | - |   |
| Provision                  for income taxes               |   |                                                                 | 3,316   |   |   |   | 3,044 |   |   |   | 272 |   |   |   | - |   |
| Net                  income                               |   | $                                                                    | 6,978   |   |   | $ | 6,502 |   |   | $ | 476 |   |   | $ | - |   |
|                                                      |   |                                                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  assets at period-end               |   | $                                                                    | 898,970 |   |   | $ | 893,174 |   |   | $ | 65,700 |   |   | $ | (59,904 | ) |

----

**6.   Directors’        Retirement Plan**

| (in                  thousands)                                 |   | Nine                  Months Ended |   |
|-----------------------------------------------------------------|--------|------------------------------------|--------|
|                                                            |   | September                  30,     |   |
|                                                            |   | 2007                               |   |   | 2006 |   |
| Service                  cost                                   |   | $                                  | 16     |   |   | $ | 23 |   |
| Interest                  cost                                  |   |                               | 14     |   |   |   | 39 |   |
|    Net                  periodic benefit expense |   | $                                  | 30     |   |   | $ | 62 |   |

**7.   Income        Taxes**

**8.   New        Accounting Pronouncements**

**Fair        Value Measurements**

*Fair Value Measurements*

**Accounting        for Defined Benefit Pension and Other Postretirement Plans**

*Employers’ Accounting for        Defined Benefit Pension and Other Postretirement Plans—an amendment of FASB        Statements No. 87, 88, 106 and 132(R)*

----

**Fair        Value Option for Financial Assets and Liabilities**

*The Fair Value Option for        Financial Assets and Financial Liabilities—Including an amendment of FASB        Statement No. 115*

**Item        2.  Management's Discussion and Analysis of Financial        Condition and Results of Operations.**

**Significant        Accounting Policies, Judgments and Estimates**

----

*Goodwill and Intangible Assets*

**Business        Overview**

**Earnings        Summary**

**Consolidated**

----

**Business        Segments**

**Net        Interest Income**

| (tax                  equivalent basis, dollars in thousands)                                                                                                                                                                                                                                                                                                                             |   | Three                  Months Ended September 30, |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                           |   | 2007                                              |    |   | 2006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                           |   | Average                                           |    |   | Interest |   |   | Yield/ |   |   | Average |   |   | Interest |   |   | Yield/ |   |
| **ASSETS**                                                                                                                                                                                                                                                                                                                                                                                     |   | Balance                                           |    |   | Earned/Paid |   |   | Rate |   |   | Balance |   |   | Earned/Paid |   |   | Rate |   |
| Earning                  Assets:                                                                                                                                                                                                                                                                                                                                                               |   |                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment                  securities                                                                                                                                                                                                                                                                                                                                                         |   | $                                                 | 107,515 |   |   | $ | 1,555 |   |   |   | 5.74% |   |   | $ | 115,736 |   |   | $ | 1,423 |   |   |   | 4.88% |   |
| Due                  from banks - interest-bearing                                                                                                                                                                                                                                                                                                                                             |   |                                              | 8,485   |   |   |   | 105 |   |   |   | 4.91% |   |   |   | 6,058 |   |   |   | 71 |   |   |   | 4.65% |   |
| Federal                  funds sold                                                                                                                                                                                                                                                                                                                                                            |   |                                              | 22,637  |   |   |   | 295 |   |   |   | 5.17% |   |   |   | 14,288 |   |   |   | 186 |   |   |   | 5.16% |   |
| Loans                  and leases, net unearned income                  1                                                                                                                                                                                                                                                                                                                      |   |                                              | 773,773 |   |   |   | 13,618 |   |   |   | 6.98% |   |   |   | 694,863 |   |   |   | 12,245 |   |   |   | 6.99% |   |
|             Total                  earning assets                                                                                                                                                                                                                                                                                  |   |                                              | 912,410 |   |   |   | 15,573 |   |   |   | 6.77% |   |   |   | 830,945 |   |   |   | 13,925 |   |   |   | 6.65% |   |
| Less:                  Allowance for loan and lease losses                                                                                                                                                                                                                                                                                                                                     |   |                                              | (10,818 | ) |   |   |   |   |   |   |   |   |   |   | (9,814 | ) |   |   |   |   |   |   |   |   |
| All                  other assets                                                                                                                                                                                                                                                                                                                                                              |   |                                              | 79,158  |   |   |   |   |   |   |   |   |   |   |   | 75,359 |   |   |   |   |   |   |   |   |   |
|            Total                  assets                                                                                                                                                                                                                                                                                                |   | $                                                 | 980,750 |   |   |   |   |   |   |   |   |   |   | $ | 896,490 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                           |   |                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **LIABILITIES                  AND SHAREHOLDERS’ EQUITY**                                                                                                                                                                                                                                                                                                                                |   |                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing                  Liabilities:                                                                                                                                                                                                                                                                                                                                                 |   |                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Int-bearing                  checking, money market and savings                                                                                                                                                                                                                                                                                                              |   | $                                                 | 388,131 |   |   |   | 3,390 |   |   |   | 3.47% |   |   | $ | 335,073 |   |   |   | 2,419 |   |   |   | 2.86% |   |
|    Time                  deposits                                                                                                                                                                                                                                                                                                                                               |   |                                              | 195,522 |   |   |   | 2,326 |   |   |   | 4.72% |   |   |   | 205,962 |   |   |   | 2,107 |   |   |   | 4.06% |   |
|    Federal                  funds and other borrowings 2                                                                                                                                                                                                                                                                                                                        |   |                                              | 114,680 |   |   |   | 1,432 |   |   |   | 4.95% |   |   |   | 83,737 |   |   |   | 1,060 |   |   |   | 5.02% |   |
|    Subordinated                  debentures                                                                                                                                                                                                                                                                                                                                     |   |                                              | 24,743  |   |   |   | 422 |   |   |   | 6.77% |   |   |   | 24,743 |   |   |   | 507 |   |   |   | 8.13% |   |
|           Total                  interest-bearing liabilities                                                                                                                                                                                                                                                                                |   |                                              | 723,076 |   |   |   | 7,570 |   |   |   | 4.15% |   |   |   | 649,515 |   |   |   | 6,093 |   |   |   | 3.72% |   |
| Non                  interest-bearing deposits                                                                                                                                                                                                                                                                                                                                                 |   |                                              | 176,432 |   |   |   |   |   |   |   |   |   |   |   | 168,564 |   |   |   |   |   |   |   |   |   |
| Other                  liabilities                                                                                                                                                                                                                                                                                                                                                             |   |                                              | 10,826  |   |   |   |   |   |   |   |   |   |   |   | 10,582 |   |   |   |   |   |   |   |   |   |
| Shareholders'                  equity                                                                                                                                                                                                                                                                                                                                                          |   |                                              | 70,416  |   |   |   |   |   |   |   |   |   |   |   | 67,829 |   |   |   |   |   |   |   |   |   |
|           Total                  liabilities and shareholders' equity                                                                                                                                                                                                                                                                        |   | $                                                 | 980,750 |   |   |   |   |   |   |   |   |   |   | $ | 896,490 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                           |   |                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  interest income and rate spread                                                                                                                                                                                                                                                                                                                                           |   |                                              |    |   |   |   | 8,003 |   |   |   | 2.62% |   |   |   |   |   |   |   | 7,832 |   |   |   | 2.93% |   |
| Tax                  equivalent basis adjustment                                                                                                                                                                                                                                                                                                                                               |   |                                              |    |   |   |   | (70 | ) |   |   |   |   |   |   |   |   |   |   | (70 | ) |   |   |   |   |
| Net                  interest income                                                                                                                                                                                                                                                                                                                                                           |   |                                              |    |   |   | $ | 7,933 |   |   |   |   |   |   |   |   |   |   | $ | 7,762 |   |   |   |   |   |
| Net                  interest margin 3                                                                                                                                                                                                                                                                                                                                                         |   |                                              |    |   |   |   |   |   |   |   | 3.48% |   |   |   |   |   |   |   |   |   |   |   | 3.74% |   |
|                                                                                                                                                                                                                                                                                                                                                                                           |   |                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1 Includes                  nonaccrual loans, the effect of which is to reduce the yield earned                  on                  loans.2 Includes                  federal funds purchased, securities sold under agreements to purchase,                  and                  FHLB advances. 3 Net                  interest income divided by total earning assets. |   |

----

| (tax                  equivalent basis, dollars in thousands)                                                                                                                                                                                                                                                                                                                             |   | Nine                  Months Ended September 30, |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                           |   | 2007                                             |    |   | 2006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                           |   | Average                                          |    |   | Interest |   |   | Yield/ |   |   | Average |   |   | Interest |   |   | Yield/ |   |
| **ASSETS**                                                                                                                                                                                                                                                                                                                                                                                     |   | Balance                                          |    |   | Earned/Paid |   |   | Rate |   |   | Balance |   |   | Earned/Paid |   |   | Rate |   |
| Earning                  Assets:                                                                                                                                                                                                                                                                                                                                                               |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment                  securities                                                                                                                                                                                                                                                                                                                                                         |   | $                                                | 103,076 |   |   | $ | 4,430 |   |   |   | 5.75% |   |   | $ | 122,895 |   |   | $ | 4,313 |   |   |   | 4.69% |   |
| Due                  from banks - interest-bearing                                                                                                                                                                                                                                                                                                                                             |   |                                             | 12,011  |   |   |   | 491 |   |   |   | 5.47% |   |   |   | 7,473 |   |   |   | 258 |   |   |   | 4.62% |   |
| Federal                  funds sold                                                                                                                                                                                                                                                                                                                                                            |   |                                             | 30,081  |   |   |   | 1,185 |   |   |   | 5.27% |   |   |   | 13,861 |   |   |   | 495 |   |   |   | 4.77% |   |
| Loans                  and leases, net unearned income                  1                                                                                                                                                                                                                                                                                                                      |   |                                             | 754,171 |   |   |   | 39,417 |   |   |   | 6.99% |   |   |   | 679,527 |   |   |   | 35,704 |   |   |   | 7.02% |   |
|             Total                  earning assets                                                                                                                                                                                                                                                                                  |   |                                             | 899,339 |   |   |   | 45,523 |   |   |   | 6.77% |   |   |   | 823,756 |   |   |   | 40,770 |   |   |   | 6.62% |   |
| Less:                  Allowance for loan and lease losses                                                                                                                                                                                                                                                                                                                                     |   |                                             | (10,469 | ) |   |   |   |   |   |   |   |   |   |   | (9,641 | ) |   |   |   |   |   |   |   |   |
| All                  other assets                                                                                                                                                                                                                                                                                                                                                              |   |                                             | 79,369  |   |   |   |   |   |   |   |   |   |   |   | 75,843 |   |   |   |   |   |   |   |   |   |
|            Total                  assets                                                                                                                                                                                                                                                                                                |   | $                                                | 968,239 |   |   |   |   |   |   |   |   |   |   | $ | 889,958 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **LIABILITIES                  AND SHAREHOLDERS’ EQUITY**                                                                                                                                                                                                                                                                                                                                |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing                  Liabilities:                                                                                                                                                                                                                                                                                                                                                 |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Int-bearing                  checking, money market and savings                                                                                                                                                                                                                                                                                                              |   | $                                                | 379,630 |   |   |   | 9,581 |   |   |   | 3.37% |   |   | $ | 331,599 |   |   |   | 6,294 |   |   |   | 2.54% |   |
|    Time                  deposits                                                                                                                                                                                                                                                                                                                                               |   |                                             | 196,786 |   |   |   | 6,831 |   |   |   | 4.64% |   |   |   | 196,309 |   |   |   | 5,449 |   |   |   | 3.71% |   |
|    Federal                  funds and other borrowings 2                                                                                                                                                                                                                                                                                                                        |   |                                             | 110,372 |   |   |   | 4,072 |   |   |   | 4.93% |   |   |   | 86,861 |   |   |   | 3,191 |   |   |   | 4.91% |   |
|    Subordinated                  debentures                                                                                                                                                                                                                                                                                                                                     |   |                                             | 24,743  |   |   |   | 1,436 |   |   |   | 7.76% |   |   |   | 24,743 |   |   |   | 1,521 |   |   |   | 8.22% |   |
|           Total                  interest-bearing liabilities                                                                                                                                                                                                                                                                                |   |                                             | 711,531 |   |   |   | 21,920 |   |   |   | 4.12% |   |   |   | 639,512 |   |   |   | 16,455 |   |   |   | 3.44% |   |
| Non                  interest-bearing deposits                                                                                                                                                                                                                                                                                                                                                 |   |                                             | 174,103 |   |   |   |   |   |   |   |   |   |   |   | 173,285 |   |   |   |   |   |   |   |   |   |
| Other                  liabilities                                                                                                                                                                                                                                                                                                                                                             |   |                                             | 13,829  |   |   |   |   |   |   |   |   |   |   |   | 10,123 |   |   |   |   |   |   |   |   |   |
| Shareholders'                  equity                                                                                                                                                                                                                                                                                                                                                          |   |                                             | 68,776  |   |   |   |   |   |   |   |   |   |   |   | 67,038 |   |   |   |   |   |   |   |   |   |
|           Total                  liabilities and shareholders' equity                                                                                                                                                                                                                                                                        |   | $                                                | 968,239 |   |   |   |   |   |   |   |   |   |   | $ | 889,958 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  interest income and rate spread                                                                                                                                                                                                                                                                                                                                           |   |                                             |    |   |   |   | 23,603 |   |   |   | 2.65% |   |   |   |   |   |   |   | 24,315 |   |   |   | 3.18% |   |
| Tax                  equivalent basis adjustment                                                                                                                                                                                                                                                                                                                                               |   |                                             |    |   |   |   | (208 | ) |   |   |   |   |   |   |   |   |   |   | (204 | ) |   |   |   |   |
| Net                  interest income                                                                                                                                                                                                                                                                                                                                                           |   |                                             |    |   |   | $ | 23,395 |   |   |   |   |   |   |   |   |   |   | $ | 24,111 |   |   |   |   |   |
| Net                  interest margin 3                                                                                                                                                                                                                                                                                                                                                         |   |                                             |    |   |   |   |   |   |   |   | 3.51% |   |   |   |   |   |   |   |   |   |   |   | 3.95% |   |
|                                                                                                                                                                                                                                                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1 Includes                  nonaccrual loans, the effect of which is to reduce the yield earned                  on                  loans.2 Includes                  federal funds purchased, securities sold under agreements to purchase,                  and                  FHLB advances. 3 Net                  interest income divided by total earning assets. |   |

**Provision        for Loan and Lease Losses**

**Non-Interest        Income**

----

**Non-Interest        Expense**

**Provision        for Income Taxes**

**FINANCIAL        CONDITION**

**ASSETS**

----

**Loans        and Leases**

| (in                  thousands)                                                                               |   | September                  30, |    |   | December                  31, |   |
|---------------------------------------------------------------------------------------------------------------|--------|--------------------------------|---------|--------|-------------------------------|--------|
|                                                                                                          |   | 2007                           |    |   | 2006                          |   |
| Loans                  secured by 1 to 4 family residential properties                                        |   | $                              | 145,838 |   |                          | $      | 145,000 |   |
| Loans                  secured by multifamily residential properties                                          |   |                           | 47,240  |   |                          |   | 41,749 |   |
| Loans                  secured by nonresidential properties                                                   |   |                           | 429,593 |   |                          |   | 381,849 |   |
| Loans                  to individuals                                                                         |   |                           | 4,031   |   |                          |   | 2,785 |   |
| Commercial                  loans                                                                             |   |                           | 41,240  |   |                          |   | 36,012 |   |
| Construction                  loans                                                                           |   |                           | 43,124  |   |                          |   | 43,350 |   |
| Lease                  financing receivables, net                                                             |   |                           | 78,661  |   |                          |   | 71,214 |   |
| Other                  loans                                                                                  |   |                           | 907     |   |                          |   | 651 |   |
|      Total                  loans and leases                                         |   |                           | 790,634 |   |                          |   | 722,610 |   |
|           Less:  Unearned                  income |   |                           | (1,224  | )      |                          |   | (1,180 | ) |
|      Loans                  and leases, net of unearned income                       |   | $                              | 789,410 |   |                          | $      | 721,430 |   |

**Nonperforming        Assets**

| (dollars                  in thousands)                                             |   | September                  30, |   |   | December                  31, |   |
|-------------------------------------------------------------------------------------|--------|--------------------------------|--------|--------|-------------------------------|--------|
|                                                                                |   | 2007                           |   |   | 2006                          |   |
| Nonaccruing                  loans and leases                                       |   | $                              | 1,927  |   |                          | $      | 987 |   |
| Renegotiated                  loans                                                 |   |                           | 53     |   |                          |   | 98 |   |
|      Total                  nonperforming loans and leases |   |                           | 1,980  |   |                          |   | 1,085 |   |
| Loans                  past due 90 days and accruing                                |   |                           | -      |   |                          |   | - |   |
| Other                  real estate owned, net                                       |   |                           | 349    |   |                          |   | 349 |   |
|      Total                  nonperforming assets           |   |                           | 2,329  |   |                          | $      | 1,434 |   |
|                                                                                |   |                           |   |   |                          |   |   |   |
| Nonperforming                  assets to total assets                               |   |                           | 0.24%  |   |                          |   | 0.15% |   |
| Nonperforming                  loans and leases to total loans and leases           |   |                           | 0.25%  |   |                          |   | 0.15% |   |
| Nonperforming                  assets to total loans and leases and                 |   |                           |   |   |                          |   |   |   |
|      other                  real estate owned              |   |                           | 0.29%  |   |                          |   | 0.20% |   |

**Impaired        Loans**

----

| (in                  thousands)              |   | September                  30,                   |   |   | December                  31, |   |
|----------------------------------------------|--------|--------------------------------------------------|--------|--------|-------------------------------|--------|
|                                         |   | 2007                                             |   |   | 2006                          |   |
| Recorded                  investment         |   | $                                                | 1,561  |   |                          | $      | 687 |   |
| Valuation                  allowance         |   |                                             | 200    |   |                          |   | - |   |
|                                         |   |                                             |   |   |                          |   |   |   |
|                                         |   | Nine                  Months Ended September 30, |   |
|                                         |   | 2007                                             |   |   | 2006                          |   |
| Average                  recorded investment |   | $                                                | 1,226  |   |                          | $      | 741 |   |
| Interest                  income recognized  |   |                                             | 139    |   |                          |   | 45 |   |
|                                         |   |                                             |   |   |                          |   |   |   |

**Allowance        for Loan and Lease Losses**

| (dollars                  (dollars in thousands)                                |   | Nine                  Months Ended September                  30, |   |
|---------------------------------------------------------------------------------|--------|------------------------------------------------------------------------|--------|
|                                                                            |   | 2007                                                                   |   |   | 2006 |   |
|                                                                            |   |                                                                   |   |   |   |   |
| Balance                  at January 1                                           |   | $                                                                      | 10,022 |   |   | $ | 9,478 |   |
| Charge-offs:                                                                    |   |                                                                   |   |   |   |   |   |   |
|      Commercial                                        |   |                                                                   | (68    | ) |   |   | (25 | ) |
|      Lease                  financing receivables      |   |                                                                   | (485   | ) |   |   | (272 | ) |
|      Credit                  cards and related plans   |   |                                                                   | -      |   |   |   | (5 | ) |
|                                                                            |   |                                                                   | (553   | ) |   |   | (302 | ) |
| Recoveries:                                                                     |   |                                                                   |   |   |   |   |   |   |
|      Commercial                                        |   |                                                                   | 95     |   |   |   | 1 |   |
|      Lease                  financing receivables      |   |                                                                   | 37     |   |   |   | 158 |   |
|      Installment                  loans to individuals |   |                                                                   | 10     |   |   |   | - |   |
|      Credit                  cards and related plans   |   |                                                                   | -      |   |   |   | 2 |   |
|                                                                            |   |                                                                   | 142    |   |   |   | 161 |   |
| Net                  charge-offs                                                |   |                                                                   | (411   | ) |   |   | (141 | ) |
| Provision                  charged to operations                                |   |                                                                   | 1,258  |   |   |   | 491 |   |
| Balance                  at September 30                                        |   | $                                                                      | 10,869 |   |   | $ | 9,828 |   |
|                                                                            |   |                                                                   |   |   |   |   |   |   |
| Net                  charge-offs to average loans and leases (annualized)       |   |                                                                   | (0.07% | ) |   |   | (0.03% | ) |

**Investment        Securities**

**LIABILITIES**

----

**Deposits**

**Subordinated        Debentures**

**Liquidity**

**Operating,        Investing and Financing Cash**

**Capital        Adequacy, Regulatory Capital Ratios and Dividends**

----

|                                                           |   |   |   |   |                               |   |   |                         |   |   |                               |   |   | To                  Be Well-Capitalized |   |
|----------------------------------------------------------------|--------|--------|--------|--------|------------------------------------|--------|--------|------------------------------|--------|--------|------------------------------------|--------|--------|-----------------------------------------|--------|
|                                                           |   |   |   |   |                               |   |   |                         |   |   |                               |   |   | Under                  Prompt           |   |
|                                                           |   |   |   |   |                               |   |   | For                  Capital |   |   | Corrective                  Action |   |
|  (dollars                  in                  thousands) |   | Actual |   |   | Adequacy                  Purposes |   |   | Provisions                   |   |
|                                                           |   | Amount |   |   | Ratio                              |   |   | Amount                       |   |   | Ratio                              |   |   | Amount                                  |   |   | Ratio |   |
| Total                  risk-based capital                      |   |   |   |   |                               |   |   |                         |   |   |                               |   |   |                                    |   |   |   |   |
|    Greater                  Community Bancorp   |   | $      | 93,692 |   |                               |   | 11.45% |                         |   | $      | 65,462                             |   |   |                                    | 8.00%  |   |   |   | n/a |   |   |   | n/a |   |
|    Greater                  Community Bank      |   |   | 90,965 |   |                               |   | 11.15% |                         |   |   | 65,266                             |   |   |                                    | 8.00%  |   |   | $ | 81,583 |   |   |   | 10.00% |   |
|                                                           |   |   |   |   |                               |   |   |                         |   |   |                               |   |   |                                    |   |   |   |   |   |   |   |   |   |   |
| Tier                  1 risk-based capital                     |   |   |   |   |                               |   |   |                         |   |   |                               |   |   |                                    |   |   |   |   |   |   |   |   |   |   |
|    Greater                  Community Bancorp   |   |   | 82,228 |   |                               |   | 10.05% |                         |   |   | 32,728                             |   |   |                                    | 4.00%  |   |   |   | n/a |   |   |   | n/a |   |
|    Greater                  Community Bank      |   |   | 80,819 |   |                               |   | 9.91%  |                         |   |   | 32,621                             |   |   |                                    | 4.00%  |   |   |   | 48,932 |   |   |   | 6.00% |   |
|                                                           |   |   |   |   |                               |   |   |                         |   |   |                               |   |   |                                    |   |   |   |   |   |   |   |   |   |   |
| Tier                  1 leverage capital                       |   |   |   |   |                               |   |   |                         |   |   |                               |   |   |                                    |   |   |   |   |   |   |   |   |   |   |
|    Greater                  Community Bancorp   |   |   | 82,228 |   |                               |   | 8.49%  |                         |   |   | 38,741                             |   |   |                                    | 4.00%  |   |   |   | n/a |   |   |   | n/a |   |
|    Greater                  Community Bank      |   |   | 80,819 |   |                               |   | 8.37%  |                         |   |   | 38,623                             |   |   |                                    | 4.00%  |   |   |   | 48,279 |   |   |   | 5.00% |   |
|                                                           |   |   |   |   |                               |   |   |                         |   |   |                               |   |   |                                    |   |   |   |   |   |   |   |   |   |   |
| n/a                  =  not applicable               |   |   |   |   |                               |   |   |                         |   |   |                               |   |   |                                    |   |   |   |   |   |   |   |   |   |   |

**Some        Specific Factors Affecting Future Results of Operations**

**Item        3.  Quantitative and Qualitative Disclosures About        Market Risk.**

**Item        4.  Controls and Procedures.**

----

**PART        II - OTHER INFORMATION**

**Item        1.  Legal Proceedings.**

**Item        1A.  Risk Factors.**

**Item        2.  Unregistered Sales of Equity Securities and Use of        Proceeds.**

**Item        3.  Defaults Upon Senior Securities.**

**Item        4.  Submission of Matters to a Vote of Security        Holders.**

**Item        5.  Other Information.**

**Item        6.  Exhibits.**

----

**SIGNATURES**

|                                                     | **GREATER                  COMMUNITY BANCORP** |
|----------------------------------------------------------|------------------------------------------------|
|                                                     |                                           |   |
|                                                     |                                           |   |
| Date:                  November 2,                  2007 | By:                                            | */s/                  Stephen J. Mauger* |
|                                                     |                                           | Stephen                  J. Mauger |
|                                                     |                                           | Senior                  Vice President, Treasurer |
|                                                     |                                           | and                  Chief Financial Officer |

----

**Exhibit        Index**

| ExhibitNo. | Description                  of Exhibit                                                                                                                                                                                                                                             |   |
|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|       |                                                                                                                                                                                                                                                                                |   |
| 10.16      | Amendment                  No. 1 to Employment Agreement of Mary E. Smith dated August 7,                  2007                  between Greater Community Bank and Mary E. Smith                                                                                                   |   |
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| 31.1       | Certification                  of Chief Executive Officer Pursuant to Rule 13a-14(a) or Rule 15d-14(a)                  and Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                           |   |
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| 31.2       | Certification                  of Chief Financial Officer Pursuant to Rule 13a-14(a) or Rule 15d-14(a)                  and Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                           |   |
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| 32.1       | Certification                  of Chief Executive Officer and Chief Financial Officer Pursuant                  to by Rule                  13a-14(b) or Rule 15d-14(b) and Section 906 of the Sarbanes-Oxley                  Act of                  2002, 18 U.S.C. Section 1350 |   |
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