**EXHIBIT      99.1**

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

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

**www.greatercommunity.com**

**Greater      Community Bancorp Reports 2006 EPS of $0.62**

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| **Greater                Community Bancorp**                                                                   |   |                        |    |   |   |
|----------------------------------------------------------------------------------------------------------------|--------|-----------------------------|---------|--------|--------|
| **Consolidated                Balance Sheets**                                                                 |   |                        |    |   |   |
| (dollars                in thousands, except per share data)                                                   |   |                        |    |   |   |
|                                                                                                           |   |                        |    |   |   |
|                                                                                                           |   | December                31, |    |
|                                                                                                           |   | 2006                        |    | 2005   |   |
|                                                                                                           |   | (Unaudited)                 |    |   |   |
| **ASSETS**                                                                                                     |   |                        |    |   |   |   |   |
| CASH                AND DUE FROM BANKS - Non interest-bearing                                                  |   | $                           | 23,238  |   | $      | 23,577 |   |
| FEDERAL                FUNDS SOLD                                                                              |   |                        | 31,600  |   |   | 42,000 |   |
| Total                cash and cash equivalents                                                                 |   |                        | 54,838  |   |   | 65,577 |   |
| DUE                FROM BANKS - Interest-bearing                                                               |   |                        | 26,359  |   |   | 11,600 |   |
| INVESTMENT                SECURITIES - Available-for-sale                                                      |   |                        | 64,942  |   |   | 83,977 |   |
| INVESTMENT                SECURITIES - Held-to-maturity (aggregate fair values of                              |   |                        |    |   |   |   |   |
| $36,206                and $49,685 at December 31, 2006 and 2005, respectively)                                |   |                        | 36,391  |   |   | 50,220 |   |
| Total                investment securities                                                                     |   |                        | 101,333 |   |   | 134,197 |   |
| LOANS                AND LEASES, net of unearned income                                                        |   |                        | 721,430 |   |   | 670,391 |   |
| Less:                Allowance for loan and lease losses                                                       |   |                        | (10,022 | )      |   | (9,478 | ) |
| Net                loans and leases                                                                            |   |                        | 711,408 |   |   | 660,913 |   |
| PREMISES                AND EQUIPMENT, net                                                                     |   |                        | 10,599  |   |   | 10,341 |   |
| ACCRUED                INTEREST RECEIVABLE                                                                     |   |                        | 4,091   |   |   | 3,894 |   |
| OTHER                REAL ESTATE OWNED, net                                                                    |   |                        | 349     |   |   | 549 |   |
| BANK-OWNED                LIFE INSURANCE                                                                       |   |                        | 15,477  |   |   | 15,005 |   |
| GOODWILL                                                                                                       |   |                        | 11,574  |   |   | 11,574 |   |
| OTHER                ASSETS                                                                                    |   |                        | 12,908  |   |   | 12,148 |   |
| TOTAL                ASSETS                                                                                    |   | $                           | 948,936 |   | $      | 925,798 |   |
|                                                                                                           |   |                        |    |   |   |   |   |
| **LIABILITIES                AND SHAREHOLDERS' EQUITY**                                                        |   |                        |    |   |   |   |   |
| DEPOSITS:                                                                                                      |   |                        |    |   |   |   |   |
| Non                interest-bearing                                                                            |   | $                           | 169,013 |   | $      | 177,907 |   |
| Interest-bearing                checking                                                                       |   |                        | 103,853 |   |   | 94,255 |   |
| Money                market                                                                                    |   |                        | 191,912 |   |   | 165,469 |   |
| Savings                                                                                                        |   |                        | 68,659  |   |   | 85,275 |   |
| Time                deposits less than $100                                                                    |   |                        | 119,470 |   |   | 150,578 |   |
| Time                deposits $100 and over                                                                     |   |                        | 74,405  |   |   | 62,596 |   |
| Total                deposits                                                                                  |   |                        | 727,312 |   |   | 736,080 |   |
| FEDERAL                FUNDS PURCHASED                                                                         |   |                        | 10,000  |   |   | - |   |
| SECURITIES                SOLD UNDER AGREEMENTS TO REPURCHASE                                                  |   |                        | 8,246   |   |   | 9,126 |   |
| FHLB                ADVANCES                                                                                   |   |                        | 96,000  |   |   | 80,000 |   |
| SUBORDINATED                DEBENTURES                                                                         |   |                        | 24,743  |   |   | 24,743 |   |
| ACCRUED                INTEREST PAYABLE                                                                        |   |                        | 3,191   |   |   | 2,420 |   |
| OTHER                LIABILITIES                                                                               |   |                        | 12,244  |   |   | 8,888 |   |
| Total                liabilities                                                                               |   |                        | 881,736 |   |   | 861,257 |   |
| SHAREHOLDERS'                EQUITY:                                                                           |   |                        |    |   |   |   |   |
| Common                stock, par value $0.50 per share: 20,000,000 shares authorized,                8,402,842 |   |                        |    |   |   |   |   |
| and                8,182,170 shares outstanding at December 31, 2006 and 2005,                respectively     |   |                        | 4,201   |   |   | 3,994 |   |
| Additional                paid-in capital                                                                      |   |                        | 58,633  |   |   | 53,907 |   |
| Retained                earnings                                                                               |   |                        | 3,588   |   |   | 6,216 |   |
| Accumulated                other comprehensive income                                                          |   |                        | 778     |   |   | 424 |   |
| Total                shareholders' equity                                                                      |   |                        | 67,200  |   |   | 64,541 |   |
| TOTAL                LIABILITIES AND SHAREHOLDERS' EQUITY                                                      |   | $                           | 948,936 |   | $      | 925,798 |   |

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| **Greater                Community Bancorp**                                 |   |                                  |   |                               |   |        |   |   |   |
|------------------------------------------------------------------------------|--------|---------------------------------------|--------|------------------------------------|--------|-------------|--------|--------|--------|
| **Consolidated                Statements of Income**                         |   |                                  |   |                               |   |        |   |   |   |
| (in                thousands, except per share data)                         |   |                                  |   |                               |   |        |   |   |   |
|                                                                         |   |                                  |   |                               |   |        |   |   |   |
|                                                                         |   | For                the Quarters Ended |   | For                the Years Ended |   |
|                                                                         |   | December                31,           |   | December                31,        |   |
|                                                                         |   | 2006                                  |   | 2005                               |   | 2006        |   | 2005   |   |
|                                                                         |   | (Unaudited)                           |   |                               |   | (Unaudited) |   |   |   |
| INTEREST                INCOME:                                              |   |                                  |   |                               |   |        |   |   |   |   |   |   |   |
| Loans                and leases                                              |   | $                                     | 12,452 |                               | $      | 11,378      |   | $      | 48,157 |   | $ | 42,238 |   |
| Investment                securities                                         |   |                                  | 1,284  |                               |   | 1,443       |   |   | 5,393  |   |   | 5,576 |   |
| Federal                funds sold and deposits with banks                    |   |                                  | 587    |                               |   | 215         |   |   | 1,340  |   |   | 848 |   |
| Total                interest income                                         |   |                                  | 14,323 |                               |   | 13,036      |   |   | 54,890 |   |   | 48,662 |   |
|                                                                         |   |                                  |   |                               |   |        |   |   |   |   |   |   |   |
| INTEREST                EXPENSE:                                             |   |                                  |   |                               |   |        |   |   |   |   |   |   |   |
| Deposits                                                                     |   |                                  | 4,988  |                               |   | 3,022       |   |   | 16,731 |   |   | 9,944 |   |
| Short-term                borrowings                                         |   |                                  | 1,120  |                               |   | 1,097       |   |   | 4,311  |   |   | 4,599 |   |
| Long-term                borrowings                                          |   |                                  | 507    |                               |   | 507         |   |   | 2,028  |   |   | 2,028 |   |
| Total                interest expense                                        |   |                                  | 6,615  |                               |   | 4,626       |   |   | 23,070 |   |   | 16,571 |   |
|                                                                         |   |                                  |   |                               |   |        |   |   |   |   |   |   |   |
| NET                INTEREST INCOME                                           |   |                                  | 7,708  |                               |   | 8,410       |   |   | 31,820 |   |   | 32,091 |   |
| PROVISION                FOR LOAN AND LEASE LOSSES                           |   |                                  | 226    |                               |   | 371         |   |   | 717    |   |   | 1,071 |   |
| Net                interest income after provision for loan and lease losses |   |                                  | 7,482  |                               |   | 8,039       |   |   | 31,103 |   |   | 31,020 |   |
|                                                                         |   |                                  |   |                               |   |        |   |   |   |   |   |   |   |
| NON-INTEREST                INCOME:                                          |   |                                  |   |                               |   |        |   |   |   |   |   |   |   |
| Service                charges on deposit accounts                           |   |                                  | 652    |                               |   | 686         |   |   | 2,755  |   |   | 2,889 |   |
| Commissions                and fees                                          |   |                                  | 288    |                               |   | 341         |   |   | 1,195  |   |   | 1,276 |   |
| Loan                fee income                                               |   |                                  | 196    |                               |   | 186         |   |   | 701    |   |   | 569 |   |
| Gain                on sale of investment securities                         |   |                                  | 341    |                               |   | (30         | )      |   | 506    |   |   | 610 |   |
| Bank-owned                life insurance                                     |   |                                  | 119    |                               |   | 122         |   |   | 472    |   |   | 502 |   |
| All                other income                                              |   |                                  | 206    |                               |   | 94          |   |   | 659    |   |   | 375 |   |
| Total                non-interest income                                     |   |                                  | 1,802  |                               |   | 1,399       |   |   | 6,288  |   |   | 6,221 |   |
|                                                                         |   |                                  |   |                               |   |        |   |   |   |   |   |   |   |
| NON-INTEREST                EXPENSE:                                         |   |                                  |   |                               |   |        |   |   |   |   |   |   |   |
| Salaries                and employee benefits                                |   |                                  | 3,249  |                               |   | 2,958       |   |   | 13,761 |   |   | 13,112 |   |
| Occupancy                and equipment                                       |   |                                  | 908    |                               |   | 951         |   |   | 3,656  |   |   | 3,778 |   |
| Regulatory,                professional and other fees                       |   |                                  | 619    |                               |   | 578         |   |   | 2,232  |   |   | 2,299 |   |
| Computer                services                                             |   |                                  | 279    |                               |   | 147         |   |   | 923    |   |   | 625 |   |
| Office                expenses                                               |   |                                  | 285    |                               |   | 209         |   |   | 1,066  |   |   | 1,122 |   |
| Merger                and conversion charges                                 |   |                                  | -      |                               |   | 297         |   |   | 8      |   |   | 297 |   |
| Loss                on debt prepayment                                       |   |                                  | -      |                               |   | 161         |   |   | -      |   |   | 161 |   |
| Loss                on other real estate owned                               |   |                                  | 200    |                               |   | 300         |   |   | -      |   |   | 300 |   |
| Other                operating expenses                                      |   |                                  | 491    |                               |   | 445         |   |   | 2,199  |   |   | 2,297 |   |
| Total                non-interest expense                                    |   |                                  | 6,031  |                               |   | 6,046       |   |   | 23,845 |   |   | 23,991 |   |
|                                                                         |   |                                  |   |                               |   |        |   |   |   |   |   |   |   |
| INCOME                BEFORE PROVISION FOR INCOME TAXES                      |   |                                  | 3,253  |                               |   | 3,392       |   |   | 13,546 |   |   | 13,250 |   |
| PROVISION                FOR INCOME TAXES                                    |   |                                  | 5,053  |                               |   | 1,180       |   |   | 8,368  |   |   | 4,396 |   |
|                                                                         |   |                                  |   |                               |   |        |   |   |   |   |   |   |   |
| NET                INCOME                                                    |   | $                                     | (1,800 | )                                  | $      | 2,212       |   | $      | 5,178  |   | $ | 8,854 |   |
|                                                                         |   |                                  |   |                               |   |        |   |   |   |   |   |   |   |
| Weighted                average shares outstanding - Basic                   |   |                                  | 8,368  |                               |   | 8,166       |   |   | 8,341  |   |   | 8,063 |   |
| Weighted                average shares outstanding - Diluted                 |   |                                  | 8,388  |                               |   | 8,307       |   |   | 8,356  |   |   | 8,216 |   |
|                                                                         |   |                                  |   |                               |   |        |   |   |   |   |   |   |   |
| Earnings                per share - Basic                                    |   |                                  | ($0.22 | )                                  | $      | 0.27        |   | $      | 0.62   |   | $ | 1.10 |   |
| Earnings                per share - Diluted                                  |   |                                  | ($0.21 | )                                  | $      | 0.27        |   | $      | 0.62   |   | $ | 1.08 |   |

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| **Greater                Community Bancorp**                                |   |                                  |    |                               |   |        |   |                              |        |
|-----------------------------------------------------------------------------|--------|---------------------------------------|---------|------------------------------------|--------|-------------|--------|-----------------------------------|-------------|
|                                                                        |   |                                  |    |                               |   |        |   |                              |        |
|                                                                        |   | For                the Quarters Ended |    | For                the Years Ended |   |
|                                                                        |   | December                31,           |    | December                31,        |   |
| **SELECTED                FINANCIAL DATA**                                  |   | 2006                                  |    | 2005                               |   | 2006        |   | 2005                              |        |
| (dollars                in thousands, except per share data)                |   | (Unaudited)                           |    |                               |   | (Unaudited) |   |                              |        |
|                                                                        |   |                                  |    |                               |   |        |   |                              |        |
| **Earnings**                                                                |   |                                  |    |                               |   |        |   |                              |        |   |   |   |   |
| Net                interest income                                          |   | $                                     | 7,708   |                               | $      | 8,410       |   | $                                 | 31,820      |   | $ | 32,091 |   |
| Provision                for loan and lease losses                          |   |                                  | 226     |                               |   | 371         |   |                              | 717         |   |   | 1,071 |   |
| Non-interest                income                                          |   |                                  | 1,802   |                               |   | 1,399       |   |                              | 6,288       |   |   | 6,221 |   |
| Non-interest                expense                                         |   |                                  | 6,031   |                               |   | 6,046       |   |                              | 23,845      |   |   | 23,991 |   |
| Net                income                                                   |   |                                  | (1,800  | )                                  |   | 2,212       |   |                              | 5,178       |   |   | 8,854 |   |
| **Per                Share Data****1**                                      |   |                                  |    |                               |   |        |   |                              |        |   |   |   |   |
| Earnings                per share - basic                                   |   |                                  | -$0.22  |                               | $      | 0.27        |   | $                                 | 0.62        |   | $ | 1.10 |   |
| Earnings                per share - diluted                                 |   |                                  | -0.21   |                               |   | 0.27        |   |                              | 0.62        |   |   | 1.08 |   |
| Book                value per share                                         |   |                                  | 8.00    |                               |   | 7.89        |   |                              | 8.00        |   |   | 7.89 |   |
| Cash                dividend declared                                       |   |                                  | 0.14    |                               |   | 0.13        |   |                              | 0.54        |   |   | 0.50 |   |
| **Performance                Ratios**                                       |   |                                  |    |                               |   |        |   |                              |        |   |   |   |   |
| Return                on average assets                                     |   |                                  | -0.77%  |                               |   | 0.98%       |   |                              | 0.58%       |   |   | 1.02% |   |
| Return                on average equity                                     |   |                                  | -10.33% |                               |   | 13.78%      |   |                              | 7.66%       |   |   | 14.43% |   |
| Net                interest margin (tax equivalent basis)                   |   |                                  | 3.59%   |                               |   | 4.08%       |   |                              | 5.15%       |   |   | 4.02% |   |
| Efficiency                ratio                                             |   |                                  | 65.78%  |                               |   | 61.45%      |   |                              | 63.41%      |   |   | 63.63% |   |
|                                                                        |   |
|                                                                        |   |                                  |    |                               |   |        |   |                              |        |   |   |   |   |
|                                                                        |   |                                  |    |                               |   |        |   | December                31,  |
| **SELECTED                BALANCE SHEET DATA & RATIOS**                 |   |                                  |    |                               |   |        |   |                              | 2006        |   |   | 2005 |   |
| (dollars                in thousands)                                       |   |                                  |    |                               |   |        |   |                              | (Unaudited) |   |   |   |   |
|                                                                        |   |                                  |    |                               |   |        |   |                              |        |   |   |   |   |
| **Period-end                Balances**                                      |   |                                  |    |                               |   |        |   |                              |        |   |   |   |   |
| Total                assets                                                 |   |                                  |    |                               |   |        |   | $                                 | 948,936     |   | $ | 925,798 |   |
| Total                loans and leases, net of unearned income               |   |                                  |    |                               |   |        |   |                              | 721,430     |   |   | 670,391 |   |
| Total                deposits                                               |   |                                  |    |                               |   |        |   |                              | 727,312     |   |   | 736,080 |   |
| Total                shareholders' equity                                   |   |                                  |    |                               |   |        |   |                              | 67,200      |   |   | 64,541 |   |
| **Capital                & Liquidity**                                  |   |                                  |    |                               |   |        |   |                              |        |   |   |   |   |
| Shareholders'                equity/ total assets                           |   |                                  |    |                               |   |        |   |                              | 7.08%       |   |   | 6.97% |   |
| Loans                and leases/ deposits                                   |   |                                  |    |                               |   |        |   |                              | 99.19%      |   |   | 91.08% |   |
| **Asset                Quality**                                            |   |                                  |    |                               |   |        |   |                              |        |   |   |   |   |
| Net                loan and lease charge-offs/ average loans and leases     |   |                                  |    |                               | 0.03%  |        |   | 0.05%                             |        |
| Nonperforming                assets + 90 days past due/ total assets        |   |                                  |    |                               |   |        |   |                              | 0.15%       |   |   | 0.22% |   |
| Allowance                for loan and lease losses/ total loans and leases  |   |                                  |    |                               | 1.39%  |        |   | 1.41%                             |        |
|                                                                        |   |                                  |    |                               |   |        |   |                              |        |   |   |   |   |
| 1                Adjusted                retroactively for stock dividends. |   |                                  |    |                               |   |        |   |                              |        |   |   |   |   |