**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 Third Quarter 2006 EPS of $0.29**

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| **Greater                Community Bancorp**                                                                       |   |                         |    |   |   |
|--------------------------------------------------------------------------------------------------------------------|--------|------------------------------|---------|--------|--------|
| **Consolidated                Balance Sheets**                                                                     |   |                         |    |   |   |
| (dollars                in thousands, except per share data, unaudited)                                            |   |                         |    |   |   |
|                                                                                                               |   |                         |    |   |   |
|                                                                                                               |   | September                30, |    |
|                                                                                                               |   | 2006                         |    | 2005   |   |
| **ASSETS**                                                                                                         |   |                         |    |   |   |   |   |
| CASH                AND DUE FROM BANKS - Non interest-bearing                                                      |   | $                            | 20,968  |   | $      | 29,250 |   |
| FEDERAL                FUNDS SOLD                                                                                  |   |                         | 12,000  |   |   | 42,300 |   |
| Total                cash and cash equivalents                                                                     |   |                         | 32,968  |   |   | 71,550 |   |
| DUE                FROM BANKS - Interest-bearing                                                                   |   |                         | 6,965   |   |   | 12,178 |   |
| INVESTMENT                SECURITIES - Available-for-sale                                                          |   |                         | 67,810  |   |   | 88,643 |   |
| INVESTMENT                SECURITIES - Held-to-maturity (aggregate fair values of                                  |   |                         |    |   |   |   |   |
| $47,011                and $43,132 at September 30, 2006 and 2005, respectively)                                   |   |                         | 47,303  |   |   | 43,484 |   |
| Total                investment securities                                                                         |   |                         | 115,113 |   |   | 132,127 |   |
| LOANS                AND LEASES, net of unearned income                                                            |   |                         | 699,532 |   |   | 657,489 |   |
| Less:                Allowance for loan and lease losses                                                           |   |                         | (9,828  | )      |   | (9,318 | ) |
| Net                loans and leases                                                                                |   |                         | 689,704 |   |   | 648,171 |   |
| PREMISES                AND EQUIPMENT, net                                                                         |   |                         | 10,178  |   |   | 10,402 |   |
| ACCRUED                INTEREST RECEIVABLE                                                                         |   |                         | 4,321   |   |   | 3,947 |   |
| OTHER                REAL ESTATE OWNED, net                                                                        |   |                         | 549     |   |   | 849 |   |
| BANK-OWNED                LIFE INSURANCE                                                                           |   |                         | 15,357  |   |   | 14,883 |   |
| GOODWILL                                                                                                           |   |                         | 11,574  |   |   | 11,574 |   |
| OTHER                ASSETS                                                                                        |   |                         | 12,241  |   |   | 12,083 |   |
| TOTAL                ASSETS                                                                                        |   | $                            | 898,970 |   | $      | 917,764 |   |
|                                                                                                               |   |                         |    |   |   |   |   |
| **LIABILITIES                AND SHAREHOLDERS' EQUITY**                                                            |   |                         |    |   |   |   |   |
| DEPOSITS:                                                                                                          |   |                         |    |   |   |   |   |
| Non                interest-bearing                                                                                |   | $                            | 157,387 |   | $      | 182,938 |   |
| Interest-bearing                checking                                                                           |   |                         | 88,233  |   |   | 104,341 |   |
| Money                market                                                                                        |   |                         | 184,454 |   |   | 138,173 |   |
| Savings                                                                                                            |   |                         | 71,083  |   |   | 86,735 |   |
| Time                deposits less than $100                                                                        |   |                         | 124,848 |   |   | 144,431 |   |
| Time                deposits $100 and over                                                                         |   |                         | 81,769  |   |   | 66,970 |   |
| Total                deposits                                                                                      |   |                         | 707,774 |   |   | 723,588 |   |
| SECURITIES                SOLD UNDER AGREEMENTS TO REPURCHASE                                                      |   |                         | 10,175  |   |   | 9,425 |   |
| FHLB                ADVANCES                                                                                       |   |                         | 75,000  |   |   | 85,000 |   |
| SUBORDINATED                DEBENTURES                                                                             |   |                         | 24,743  |   |   | 24,743 |   |
| ACCRUED                INTEREST PAYABLE                                                                            |   |                         | 3,978   |   |   | 2,385 |   |
| OTHER                LIABILITIES                                                                                   |   |                         | 8,143   |   |   | 9,911 |   |
| Total                liabilities                                                                                   |   |                         | 829,813 |   |   | 855,052 |   |
| SHAREHOLDERS'                EQUITY:                                                                               |   |                         |    |   |   |   |   |
| Common                stock, par value $0.50 per share: 20,000,000 shares authorized, 8,352,696                and |   |                         |    |   |   |   |   |
| 7,945,201                shares outstanding at September 30, 2006 and 2005,                respectively            |   |                         | 4,176   |   |   | 3,973 |   |
| Additional                paid-in capital                                                                          |   |                         | 57,581  |   |   | 52,954 |   |
| Retained                earnings                                                                                   |   |                         | 6,564   |   |   | 5,043 |   |
| Accumulated                other comprehensive income                                                              |   |                         | 836     |   |   | 742 |   |
| Total                shareholders' equity                                                                          |   |                         | 69,157  |   |   | 62,712 |   |
| TOTAL                LIABILITIES AND SHAREHOLDERS' EQUITY                                                          |   | $                            | 898,970 |   | $      | 917,764 |   |
|                                                                                                               |   |                         |    |   |   |   |   |

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| **Greater                  Community                  Bancorp**                |   |                                |   |                               |   |   |   |   |   |
|--------------------------------------------------------------------------------|--------|-------------------------------------|--------|------------------------------------|--------|--------|--------|--------|--------|
| **Consolidated                  Statements of Income**                         |   |                                |   |                               |   |   |   |   |   |
| (in                  thousands, except per share data, unaudited)              |   |                                |   |                               |   |   |   |   |   |
|                                                                           |   |                                |   |                               |   |   |   |   |   |
|                                                                           |   | Three                  Months Ended |   | Nine                  Months Ended |   |
|                                                                           |   | September                  30,      |   | September                  30,     |   |
|                                                                           |   | 2006                                |   | 2005                               |   | 2006   |   | 2005   |   |
| INTEREST                  INCOME:                                              |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| Loans                  and leases                                              |   | $                                   | 12,245 |                               | $      | 11,029 |   | $      | 35,704 |   | $ | 30,860 |   |
| Investment                  securities                                         |   |                                | 1,353  |                               |   | 1,393  |   |   | 4,109  |   |   | 4,133 |   |
| Federal                  funds sold and deposits with banks                    |   |                                | 257    |                               |   | 284    |   |   | 753    |   |   | 633 |   |
| Total                  interest income                                         |   |                                | 13,855 |                               |   | 12,706 |   |   | 40,566 |   |   | 35,626 |   |
|                                                                           |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| INTEREST                  EXPENSE:                                             |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| Deposits                                                                       |   |                                | 4,526  |                               |   | 2,709  |   |   | 11,743 |   |   | 6,922 |   |
| Short-term                  borrowings                                         |   |                                | 1,060  |                               |   | 1,166  |   |   | 3,191  |   |   | 3,502 |   |
| Long-term                  borrowings                                          |   |                                | 507    |                               |   | 507    |   |   | 1,521  |   |   | 1,521 |   |
| Total                  interest expense                                        |   |                                | 6,093  |                               |   | 4,382  |   |   | 16,455 |   |   | 11,945 |   |
|                                                                           |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| NET                  INTEREST INCOME                                           |   |                                | 7,762  |                               |   | 8,324  |   |   | 24,111 |   |   | 23,681 |   |
|                                                                           |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| PROVISION                  FOR LOAN AND LEASE LOSSES                           |   |                                | 177    |                               |   | 260    |   |   | 491    |   |   | 700 |   |
| Net                  interest income after provision for loan and lease losses |   |                                | 7,585  |                               |   | 8,064  |   |   | 23,620 |   |   | 22,981 |   |
|                                                                           |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| NON-INTEREST                  INCOME:                                          |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| Service                  charges on deposit accounts                           |   |                                | 686    |                               |   | 742    |   |   | 2,103  |   |   | 2,203 |   |
| Commissions                  and fees                                          |   |                                | 305    |                               |   | 380    |   |   | 907    |   |   | 1,124 |   |
| Loan                  fee income                                               |   |                                | 223    |                               |   | 114    |   |   | 505    |   |   | 383 |   |
| Gain                  on sale of investment securities                         |   |                                | 137    |                               |   | -      |   |   | 165    |   |   | 640 |   |
| Bank-owned                  life insurance                                     |   |                                | 117    |                               |   | 120    |   |   | 352    |   |   | 380 |   |
| All                  other income                                              |   |                                | 146    |                               |   | 23     |   |   | 454    |   |   | 92 |   |
| Total                  non-interest income                                     |   |                                | 1,614  |                               |   | 1,379  |   |   | 4,486  |   |   | 4,822 |   |
|                                                                           |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| NON-INTEREST                  EXPENSE:                                         |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| Salaries                  and employee benefits                                |   |                                | 3,204  |                               |   | 3,380  |   |   | 10,512 |   |   | 10,154 |   |
| Occupancy                  and equipment                                       |   |                                | 907    |                               |   | 941    |   |   | 2,742  |   |   | 2,814 |   |
| Regulatory,                  professional and other fees                       |   |                                | 503    |                               |   | 601    |   |   | 1,613  |   |   | 1,787 |   |
| Computer                  services                                             |   |                                | 201    |                               |   | 251    |   |   | 644    |   |   | 707 |   |
| Office                  expenses                                               |   |                                | 252    |                               |   | 288    |   |   | 781    |   |   | 881 |   |
| Other                  operating expenses                                      |   |                                | 566    |                               |   | 592    |   |   | 1,520  |   |   | 1,603 |   |
| Total                  non-interest expense                                    |   |                                | 5,633  |                               |   | 6,053  |   |   | 17,812 |   |   | 17,946 |   |
|                                                                           |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| INCOME                  BEFORE PROVISION FOR INCOME TAXES                      |   |                                | 3,566  |                               |   | 3,390  |   |   | 10,294 |   |   | 9,857 |   |
| PROVISION                  FOR INCOME TAXES                                    |   |                                | 1,164  |                               |   | 1,122  |   |   | 3,316  |   |   | 3,215 |   |
|                                                                           |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| NET                  INCOME                                                    |   | $                                   | 2,402  |                               | $      | 2,268  |   | $      | 6,978  |   | $ | 6,642 |   |
|                                                                           |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| Weighted                  average shares outstanding - Basic                   |   |                                | 8,351  |                               |   | 8,088  |   |   | 8,332  |   |   | 8,028 |   |
| Weighted                  average shares outstanding - Diluted                 |   |                                | 8,383  |                               |   | 8,265  |   |   | 8,365  |   |   | 8,206 |   |
|                                                                           |   |                                |        |                               |   |        |   |   |        |   |   |  |   |
| Earnings                  per share - Basic                                    |   | $                                   | 0.29   |                               | $      | 0.28   |   | $      | 0.84   |   | $ | 0.83 |   |
| Earnings                  per share - Diluted                                  |   | $                                   | 0.29   |                               | $      | 0.27   |   | $      | 0.83   |   | $ | 0.81 |   |

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| **Greater                  Community Bancorp**                            |   |                            |   |                               |   |   |   |   |   |
|---------------------------------------------------------------------------|--------|---------------------------------|--------|------------------------------------|--------|--------|--------|--------|--------|
|                                                                      |   |                            |   |                               |   |   |   |   |   |
|                                                                      |   | Quarters                  Ended |   | Nine                  Months Ended |   |
|                                                                      |   | September                  30,  |   | September                  30,     |   |
| **SELECTED                  FINANCIAL DATA**                              |   | 2006                            |   | 2005                               |   | 2006   |   | 2005   |   |
| (dollars                  in thousands, except per share data, unaudited) |   |                            |   |                               |   |   |   |   |   |
|                                                                      |   |                            |   |                               |   |   |   |   |   |
| **Earnings**                                                              |   |                            |        |                               |   |        |   |   |        |   |   |  |   |
| Net                  interest income                                      |   | $                               | 7,762  |                               | $      | 8,324  |   | $      | 24,111 |   | $ | 23,681 |   |
| Provision                  for loan and lease losses                      |   |                            | 177    |                               |   | 260    |   |   | 491    |   |   | 700 |   |
| Non-interest                  income                                      |   |                            | 1,614  |                               |   | 1,379  |   |   | 4,486  |   |   | 4,822 |   |
| Non-interest                  expense                                     |   |                            | 5,633  |                               |   | 6,053  |   |   | 17,812 |   |   | 17,946 |   |
| Net                  income                                               |   |                            | 2,402  |                               |   | 2,268  |   |   | 6,978  |   |   | 6,642 |   |
| **Per                  Share Data****1**                                  |   |                            |        |                               |   |        |   |   |        |   |   |  |   |
| Earnings                  per share - basic                               |   | $                               | 0.29   |                               | $      | 0.28   |   | $      | 0.84   |   | $ | 0.83 |   |
| Earnings                  per share - diluted                             |   |                            | 0.29   |                               |   | 0.27   |   |   | 0.83   |   |   | 0.81 |   |
| Book                  value per share                                     |   |                            | 8.28   |                               |   | 7.71   |   |   | 8.28   |   |   | 7.71 |   |
| Cash                  dividend declared                                   |   |                            | 0.14   |                               |   | 0.13   |   |   | 0.40   |   |   | 0.37 |   |
| **Performance                  Ratios**                                   |   |                            |        |                               |   |        |   |   |        |   |   |  |   |
| Return                  on average assets                                 |   |                            | 1.06%  |                               |   | 1.01%  |   |   | 1.05%  |   |   | 1.03% |   |
| Return                  on average equity                                 |   |                            | 14.05% |                               |   | 14.54% |   |   | 13.92% |   |   | 14.66% |   |
| Net                  interest margin (tax equivalent basis)               |   |                            | 3.74%  |                               |   | 4.06%  |   |   | 3.95%  |   |   | 4.01% |   |
| Efficiency                  ratio                                         |   |                            | 60.97% |                               |   | 62.38% |   |   | 62.65% |   |   | 64.41% |   |

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|                                                                            |   | As                  of September 30, |    |
|---------------------------------------------------------------------------------|--------|--------------------------------------|---------|
| **SELECTED                  BALANCE SHEET DATA & RATIOS**                   |   | 2006                                 |    | 2005 |   |
| (dollars                  in thousands, unaudited)                              |   |                                 |    |   |   |
|                                                                            |   |                                 |    |   |   |   |   |
| **Period-end                  Balances**                                        |   |                                 |         |   |   |  |   |
| Total                  assets                                                   |   | $                                    | 898,970 |   | $ | 917,764 |   |
| Total                  loans and leases, net of unearned income                 |   |                                 | 699,532 |   |   | 657,489 |   |
| Total                  deposits                                                 |   |                                 | 707,774 |   |   | 723,588 |   |
| Total                  shareholders' equity                                     |   |                                 | 69,157  |   |   | 62,712 |   |
| **Capital                  & Liquidity**                                    |   |                                 |         |   |   |  |   |
| Shareholders'                  equity/ total assets                             |   |                                 | 7.69%   |   |   | 6.83% |   |
| Average                  loans and leases/ average deposits                     |   |                                 | 97.92%  |   |   | 93.46% |   |
| **Asset                  Quality**                                              |   |                                 |         |   |   |  |   |
| Net                  loan and lease charge-offs/ average loans and leases       |   |                                 | 0.03%   |   |   | 0.05% |   |
| Nonperforming                  assets + 90 days past due/ total assets          |   |                                 | 0.16%   |   |   | 0.32% |   |
| Allowance                  for loan and lease losses/ total loans and leases    |   |                                 | 1.40%   |   |   | 1.42% |   |
|                                                                            |   |                                 |         |   |   |  |   |
| 1                  Adjusted                  retroactively for stock dividends. |   |                                 |         |   |   |  |   |