Sub Filer Ccc


    EXHIBIT
      10.16

    


    AMENDMENT
      NO. 2 

    TO
      EMPLOYMENT AGREEMENT OF 

    ANTHONY
      M. BRUNO, JR.

    


    


    THIS
      AGREEMENT entered into as of December 20, 2006, by and among GREATER
      COMMUNITY BANK,
      a New
      Jersey commercial banking corporation having its principal place of business
      at
      55 Union Boulevard, Totowa, New Jersey 07512 (the "Bank"), GREATER
      COMMUNITY BANCORP,
      a New
      Jersey business corporation having its principal place of business at 55 Union
      Boulevard, Totowa, New Jersey 07512 ("GCB"), and ANTHONY
      M. BRUNO, JR.,
      residing at 34 Tintle Road, Kinnelon, New Jersey 07405 (the
      "Employee").

    


    R
      E C I T
      A L S :

    


    A. The
      parties hereto entered into an agreement dated as of March 2, 2005 entitled
      "Employment Agreement of Anthony M. Bruno, Jr.," as previously amended on August
      15, 2006 (the "Employment Agreement").

    


    B. The
      Employment Agreement provides that the Employee shall be entitled to participate
      in the employee stock option plans that GCB or the Bank maintains for the
      benefit of its executive employees.

    


    C. On
      April
      18, 2006, the shareholders of GCB approved the Greater Community Bancorp 2006
      Long-Term Stock Compensation Plan (the "2006 Plan"), pursuant to which GCB
      may
      grant awards of stock options and restricted stock to employees participating
      in
      the plan.

    


    D. The
      parties hereto wish to amend the terms of the Employment Agreement to clarify
      that Mr. Bruno shall be entitled to participate in both the stock option and
      restricted stock components of the 2006 Plan and in future equity award
      plans.

    


    NOW,
      THEREFORE, it is AGREED as follows:

     

    1. Equity
      Awards.
      The
      paragraph of the Employment Agreement entitled "Stock Options" shall be amended
      and restated in its entirety to read as follows:

    


    Equity
      Awards.
      The
      Employee shall be entitled to participate in the equity award plans that GCB
      and/or the Bank maintains from time to time for the benefit of its executive
      employees, including, but not limited to, plans that provide for
      the


    
      
         

      

      
         

        
          

        

      

      
         

      

    


    grant
      of
      stock options, restricted stock, and other forms of equity. This provision
      shall
      not preclude GCB and/or the Bank from amending or terminating any equity award
      plan; provided, however, that notwithstanding anything to the contrary contained
      in said plans or in Employee's separate equity award granting agreements, in
      the
      event that Employee is terminated without Just Cause pursuant to Paragraph
      9.d.
      of this Agreement, or terminates voluntarily or involuntarily as a result of
      a
      change in control pursuant to Paragraph 11 of this Agreement, all equity awards
      currently held by Employee on the date of such termination shall become fully
      vested and fully exercisable. The Board of Directors of GCB and the Bank, and
      any committee of such Boards with authority over the granting of equity awards,
      will take all appropriate steps to effectuate this provision, including the
      amendment of any existing plan and/or agreement to conform herewith and agree
      to
      annually evaluate whether an equity award should be made to the Employee.


    


    2. Effect
      on Employment Agreement.
      Except
      as amended hereby, the Employment Agreement, as previously amended, shall remain
      in full force and effect.

    


    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      day
      and year first above written.

    


    


    
      	
              ATTEST:

            	
              GREATER
                COMMUNITY BANK

            
	 	 
	
              /s/
                Jeannette Chardavoyne

              Jeannette
                Chardavoyne, Secretary

            	
              By:

            	
               /s/
                Charles J. Volpe

              Charles
                J. Volpe, Director

            
	
               

            	
               

            
	
              ATTEST:

            	
              GREATER
                COMMUNITY BANCORP

            
	 	 
	
              /s/
                Jeannette Chardavoyne

              Jeannette
                Chardavoyne, Secretary

            	
              By:

            	
               /s/
                Charles J. Volpe

              Charles
                J. Volpe, Director

            
	 	
               

            	
              Chairman,
                Compensation Committee

            
	
              WITNESS:

            	
              EMPLOYEE

            
	 	 
	
              /s/
                Jeannette Chardavoyne

              Jeannette
                Chardavoyne

            	
               

            	
              /s/
                Anthony M. Bruno, Jr.

              Anthony
                M. Bruno, Jr.,
                individually