EXHIBIT 10.4

                                      LEASE

This Lease is made on      April 1, 1999

         BETWEEN           Monmouth Community Bank

Whose address is           627 Second Avenue, Long Branch, New Jersey 07740


                                                    Referred to as the "Tenant",


AND                        MCB Associates, L.L.C.

whose address is           6 West End Court, Long Branch, New Jersey 07740

                                                  referred to as the "Landlord."

     Property.  The Tenant  agrees to rent from the  Landlord  and the  Landlord
agrees to lease to the Tenant the property known as: 6 West End Court

                                                  Referred to as the "Property."

     Term. The term of this lease is for five (5) years commencing April 1, 1999
and ending on March 31, 2004.  The Landlord is not  responsible  if the Landlord
cannot give the Tenant  possession  of the  Property at the start of this Lease.
However,  rent will only be  charged  from the date on which  possession  of the
Property is made available to the Tenant. If the Landlord cannot give possession
within 30 days after the starting date, the Tenant may cancel this Lease.

     Rent.  The Tenant  agrees to pay  $10.00 per sq. ft. at 420 square  feet as
rent,  to be paid as  follows:  $350.00  per  month,  due on the 1st day of each
month.  The  first  payment  of rent and any  security  deposit  is due upon the
signing of the Lease by the  Tenant.  The Tenant must pay a late charge of $1.00
as  additional  rent for each payment that is more than 10 days late.  This late
charge is due with the monthly rent payment.

     Use of  Property.  The Tenant may use the Property  only for the  following
purpose(s): A bank and associated services.

     Eviction.  If the Tenant  does not pay the rent  within 15 Days after it is
due,  the Tenant may be evicted.  The  landlord may also evict the Tenant if the
Tenant  does not  comply  with all of the terms of this  Lease and for all other
causes allowed by law. If evicted,  the Tenant must continue to pay the rent for
the rest of the term. The Tenant must also pay all costs,  including  reasonable
attorney fees, related to the eviction and the collection of any moneys owed the
Landlord, along with the cost of re-entering, re-renting, cleaning and repairing
the property.  Rent received from any new tenant will reduce the amount owed the
Landlord.

     Payments by Landlord.  If the Tenant fails to comply with the terms of this
Lease, the Landlord may take any required action and charge the cost,  including
reasonable attorneys fees, to the Tenant.  Failure to pay such costs upon demand
is a violation of this Lease.

     Care of the Property.  The Tenant has examined the Property,  including all
facilities,  furniture  and  appliances,  and  is  satisfied  with  its  present
condition. The Tenant agrees to maintain the property in as good condition as it
is at the start of this Lease except for ordinary wear and tear. The tenant must
pay for all repairs,  replacements  and damages  caused by the act or neglect of
the Tenant or the Tenant's visitors.  The Tenant will remove all of the Tenant's
property  at the end of this  Lease.  Any  property  that  is left  becomes  the
property of the Landlord and may be thrown out.

     Quiet  Enjoyment.  The Tenant may  remain in and use the  Property  without
interference subject to the terms of the Lease.

     Validity  of  Lease.  If a clause or  provision  of this  Lease is  legally
invalid, the rest of this Lease remains in effect.


<PAGE>

     Parties.  The Landlord and each of the Tenants are bound by this Lease. All
parties  who  lawfully  succeed to their  rights and  responsibilities  are also
bound.

     Entire  Lease.  All promises  the  Landlord has made are  contained in this
written Lease. This Lease can only be changed by an agreement in writing by both
the Tenant and the Landlord.

     Signatures.  The  Landlord and the Tenant agree to the terms of this Lease.
If this Lease is made by a corporation,  its proper corporate  officers sign and
its corporate seal is affixed.


WITNESSED OR ATTESTED BY:             MBC ASSOCIATES, L.L.C.



     /s/ Patricia Krebs                    /s/ John Brockriede
---------------------------           ------------------------------------(Seal)
                                  By: JOHN BROCKRIEDE, Manager Landlord



                                      MONMOUTH COMMUNITY BANK



     /s/ Patricia Krebs                    /s/ Richard Lindsey
---------------------------           ------------------------------------(Seal)

                                  By: RICHARD LINDSEY, President and CEO





<PAGE>



                               ADDENDUM TO LEASE
                               -----------------

This  addendum  is made on this 15th day of July,  2000 to Lease  dated April 1,
1999  between  Monmouth  Community  Bank  and MCB  Associates,  L.L.C.,  whereby
Monmouth  Community  Bank agrees to rent  additional  space at 6 West End Court,
Long Branch, New Jersey, consisting of two second floor adjoining offices, for a
total of 285 square feet,  at $10.00 per square  foot,  under the same terms and
conditions as the original Lease to which this addendum is made a part hereof.


WITNESSED OR ATTESTED BY:             MCB ASSOCIATES, L.L.C.

     /s/ Kathleen Cusick                   /s/ John Brockriede
---------------------------           ------------------------------------(Seal)
                                      BY: JOHN BROCKRIEDE
                                      Manager Landlord



                                      MONMOUTH COMMUNITY BANK

     /s/ Kathleen Cusick                   /s/ James Vaccaro
---------------------------           ------------------------------------(Seal)
                                      BY: JAMES VACCARO, CEO



<PAGE>


                                ADDENDUM TO LEASE
                                -----------------

This  addendum  is made on this 1ST day of April,  2000 to Lease  dated April 1,
1999  between  Monmouth  Community  Bank  and MCB  Associates,  L.L.C.,  whereby
Monmouth  Community  Bank agrees to rent  additional  space at 6 West End Court,
Long Branch,  New Jersey,  consisting of a second floor adjoining office,  for a
total of 210 square feet,  at $10.00 per square  foot,  under the same terms and
conditions as the original Lease to which this addendum is made a part hereof.


WITNESSED OR ATTESTED BY:             MCB ASSOCIATES, L.L.C.

                                           /s/ John Brockriede
---------------------------           ------------------------------------(Seal)
                                      BY: JOHN BROCKRIEDE
                                      Manager Landlord



                                      MONMOUTH COMMUNITY BANK

     /s/ Kathleen Cusick                   /s/ Richard O. Lindsey
---------------------------           ------------------------------------(Seal)
                                      BY: RICHARD O. LINDSEY, President
                                      & CEO




<PAGE>



                                ADDENDUM TO LEASE

This addendum is made on this 1ST day of November,  1999 to Lease dated April 1,
1999  between  Monmouth  Community  Bank  and MCB  Associates,  L.L.C.,  whereby
Monmouth  Community  Bank agrees to rent  additional  space at 6 West End Court,
Long Branch,  New Jersey,  consisting of a second floor adjoining office,  for a
total of 549 square feet,  at $10.00 per square  foot,  under the same terms and
conditions as the original Lease to which this addendum is made a part hereof.



WITNESSED OR ATTESTED BY:             MCB ASSOCIATES, L.L.C.

     /s/ Patricia Krebs                    /s/ John Brockriede
---------------------------           ------------------------------------(Seal)
                                      By: JOHN BROCKRIEDE, Manager Landlord



                                      MONMOUTH COMMUNITY BANK



         /s/ Patricia Krebs                /s/ Richard Lindsey
---------------------------           ------------------------------------(Seal)
                                      By: RICHARD LINDSEY, President and CEO




<PAGE>

                                ADDENDUM TO LEASE

This addendum is made on this 1ST day of February,  2000 to Lease dated April 1,
1999  between  Monmouth  Community  Bank  and MCB  Associates,  L.L.C.,  whereby
Monmouth  Community  Bank agrees to rent  additional  space at 6 West End Court,
Long Branch,  New Jersey,  consisting of a second floor adjoining office,  for a
total of 88 square  feet,  at $10.00 per square  foot,  under the same terms and
conditions as the original Lease to which this addendum is made a part hereof.



WITNESSED OR ATTESTED BY:             MCB ASSOCIATES, L.L.C.

     /s/ Patricia Krebs                    /s/ John Brockriede
---------------------------           ------------------------------------(Seal)
                                      By: JOHN BROCKRIEDE, Manager Landlord



                                      MONMOUTH COMMUNITY BANK



         /s/ Patricia Krebs                /s/ Richard Lindsey
---------------------------           ------------------------------------(Seal)
                                      By: RICHARD LINDSEY, President and CEO