**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 2007 EPS of $0.25**

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| **Greater                Community Bancorp**                                                                                                                   |   |                         |    |   |                        |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|---------|--------|-----------------------------|--------|
| **Consolidated                Balance Sheets**                                                                                                                 |   |                         |    |   |                        |   |
| (dollars                in thousands, except per share data)                                                                                                   |   |                         |    |   |                        |   |
|                                                                                                                                                           |   |                         |    |   |                        |   |
|                                                                                                                                                           |   | September                30, |    |   | December                31, |   |
|                                                                                                                                                           |   | 2007                         |    |   | 2006                        |   |
|                                                                                                                                                           |   | (unaudited)                  |    |   |                        |   |
| **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, net                                                                                                                    |   |                         | 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 |   |

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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,     |   |
|                                                                                                                         |   | 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 |   |

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| **Greater                Community Bancorp**                                                     |   |                              |   |   |                             |   |   |   |   |   |   |   |
|--------------------------------------------------------------------------------------------------|--------|-----------------------------------|--------|--------|----------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                             |   |                              |   |   |                             |   |   |   |   |   |   |   |
|                                                                                             |   | Three                Months Ended |   |   | Nine                Months Ended |   |
|                                                                                             |   | September                30,      |   |   | September                30,     |   |
| **SELECTED                FINANCIAL DATA**                                                       |   | 2007                              |   |   | 2006                             |   |   | 2007   |   |   | 2006   |   |
| (dollars                in thousands, except per share data, unaudited)                          |   |                              |   |   |                             |   |   |   |   |   |   |   |
|                                                                                             |   |                              |   |   |                             |   |   |   |   |   |   |   |
| **Earnings**                                                                                     |   |                              |   |   |                             |   |   |   |   |   |   |   |
|    Net                interest income                                             |   | $                                 | 7,933  |   |                             | $      | 7,762  |   |   | $      | 23,395 |   |   | $ | 24,111 |   |
|    Provision                for loan and lease losses                             |   |                              | 614    |   |                             |   | 177    |   |   |   | 1,258  |   |   |   | 491 |   |
|    Non-interest                income                                             |   |                              | 2,110  |   |                             |   | 1,614  |   |   |   | 5,168  |   |   |   | 4,486 |   |
|    Non-interest                expense                                            |   |                              | 6,186  |   |                             |   | 5,633  |   |   |   | 19,215 |   |   |   | 17,812 |   |
|    Net                income                                                      |   |                              | 2,195  |   |                             |   | 2,402  |   |   |   | 6,880  |   |   |   | 6,978 |   |
| **Per                Share Data1**                                                               |   |                              |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |
|    Earnings                per share - basic                                      |   | $                                 | 0.25   |   |                             | $      | 0.28   |   |   | $      | 0.80   |   |   | $ | 0.82 |   |
|    Earnings                per share - diluted                                    |   |                              | 0.25   |   |                             |   | 0.28   |   |   |   | 0.80   |   |   |   | 0.81 |   |
|    Book                value per share                                            |   |                              | 8.19   |   |                             |   | 8.08   |   |   |   | 8.19   |   |   |   | 8.08 |   |
|    Cash                dividends declared                                         |   |                              | 0.145  |   |                             |   | 0.137  |   |   |   | 0.423  |   |   |   | 0.394 |   |
| **Performance                Ratios**                                                            |   |                              |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |
|    Return                on average assets                                        |   |                              | 0.89%  |   |                             |   | 1.06%  |   |   |   | 0.95%  |   |   |   | 1.05% |   |
|    Return                on average equity                                        |   |                              | 12.37% |   |                             |   | 14.05% |   |   |   | 13.37% |   |   |   | 13.92% |   |
|    Net                interest margin (tax equivalent basis)                      |   |                              | 3.48%  |   |                             |   | 3.74%  |   |   |   | 3.51%  |   |   |   | 3.95% |   |
|    Efficiency                ratio                                                |   |                              | 64.58% |   |                             |   | 60.97% |   |   |   | 67.87% |   |   |   | 62.65% |   |
|                  |
|                                                                                             |   |                              |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                         |   | September                30, |    |   | December                31, |   |
|----------------------------------------------------------------------------------------------|--------|------------------------------|---------|--------|-----------------------------|--------|
| **SELECTED                BALANCE SHEET DATA & RATIOS**                                  |   | 2007                         |    |   | 2006                        |   |
| (dollars                in thousands)                                                        |   | (unaudited)                  |    |   |                        |   |
|                                                                                         |   |                         |    |   |                        |   |
| **Period-end                Balances**                                                       |   |                         |    |   |                        |   |
|    Total                assets                                                |   | $                            | 980,674 |   |                        | $      | 950,969 |   |
|    Total                loans and leases, net of unearned income              |   |                         | 789,410 |   |                        |   | 721,430 |   |
|    Total                deposits                                              |   |                         | 757,320 |   |                        |   | 727,312 |   |
|    Total                shareholders' equity                                  |   |                         | 70,995  |   |                        |   | 67,575 |   |
| **Capital                & Liquidity**                                                   |   |                         |    |   |                        |   |   |   |
|    Shareholders'                equity/ total assets                          |   |                         | 7.24%   |   |                        |   | 7.11% |   |
|    Loans                and leases/ deposits                                  |   |                         | 104.24% |   |                        |   | 99.19% |   |
| **Asset                Quality**                                                             |   |                         |    |   |                        |   |   |   |
|    Net                loan and lease charge-offs/ average loans and leases    |   |                         | 0.05%   |   |                        |   | 0.03% |   |
|    Nonperforming                assets/ total assets                          |   |                         | 0.23%   |   |                        |   | 0.15% |   |
|    Allowance                for loan and lease losses/ total loans and leases |   |                         | 1.38%   |   |                        |   | 1.39% |   |
|                                                                                         |   |                         |    |   |                        |   |   |   |
| 1Adjusted                retroactively for stock                dividends.                   |   |                         |    |   |                        |   |   |   |