EXHIBIT 10.12
                    EMPLOYMENT AGREEMENT OF C. MARK CAMPBELL
               ----------------------------------------

                          DATED MARCH 2, 2005

                           TABLE OF CONTENTS
                           -----------------

1.  Employment; Duties.........................................................1

    a.       Employment........................................................1

    b.       Duties............................................................1

2.  Base Compensation and Bonus Consideration..................................2

3.  Term.......................................................................2

4.  Stock Options..............................................................2

5.  Other Benefits.............................................................2

    a.       Participation in 401(k), Medical and Insurance Plans..............2

    b.       Expenses..........................................................3

    c.       Car Allowance.....................................................3

    d.       Benefits..........................................................3

    e.       Indemnity.........................................................3

6.  Loyalty; Noncompetition....................................................3

    a.       Devotion to Performance...........................................3

    b.       Investments.......................................................3

7.  Standards..................................................................4

8.  Vacation...................................................................4

    a.       Annual Vacation...................................................4

    b.       No Additional Compensation........................................4

9.  Termination and Termination Pay............................................4

    a.       Death.............................................................4

    b.       Disability........................................................4

    c.       Just Cause........................................................5

    d.       Termination Without Just Cause....................................5

    e.       Termination or Suspension Under Federal law.......................6

    f.       Voluntary Termination by Employee; Covenant Not to Compete........7

10. No Mitigation..............................................................7

11. Change in Control..........................................................7

    a.       Involuntary Termination After Change in Control...................7

    b.       Voluntary Termination After Change in Control.....................8

12. Dispute Resolution.........................................................8

13. Confidentiality of Information.............................................8

14. Injunctive Relief..........................................................9


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15. Representation of the Employee.............................................9

16. Successors and Assigns.....................................................9

    a.       Acquisition of GCB or the Bank....................................9

    b.       No Assignment by Employee.........................................9

17. Joint and Several Liability................................................9

18. Notices....................................................................9

19. Amendments................................................................10

20. Applicable Law............................................................10

    a.       State Law........................................................10

    b.       Compliance with Law and Regulation...............................10

21. Severability..............................................................10

22. Headings..................................................................10

23. Entire Agreement..........................................................10



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                    EMPLOYMENT AGREEMENT OF C. MARK CAMPBELL
                    ----------------------------------------

THIS AGREEMENT entered into as of March 2, 2005 ("Effective Date"), by and among
BERGEN COMMERCIAL BANK, a New Jersey commercial  banking  corporation having its
principal place of business at Two Sears Drive,  Paramus,  New Jersey 07653 (the
"Bank"), GREATER COMMUNITY BANCORP, a New Jersey business corporation having its
principal  place of business at 55 Union  Boulevard,  Totowa,  New Jersey  07511
("GCB"), and C. MARK CAMPBELL, residing at 5 Fair Ridge Court, Wayne, New Jersey
07470 (the "Employee").

WHEREAS,  the  Employee has  heretofore  been  employed as  President  and Chief
Operating  Officer of GCB and President and Chief Executive Officer of the Bank;
and

WHEREAS,  GCB  owns  the  Bank,  and the  Bank is  engaged  in the  business  of
commercial banking, with offices in Bergen County, New Jersey; and

WHEREAS,  GCB and the Bank wish to continue to employ the  Employee as President
and Chief Operating  Officer of GCB and President and Chief Executive Officer of
the Bank; and

WHEREAS,  the  parties  desire  by this  writing  to set  forth  the  employment
relationship of the Employee by the Bank and GCB;

NOW, THEREFORE, it is AGREED as follows:

     Employment; Duties.
     -------------------

     Employment.  The Bank and GCB hereby employ the Employee,  and the Employee
     ----------
hereby accepts to continued employment by GCB and the Bank, as the President and
Chief Operating  Officer of GCB and as President and Chief Executive  Officer of
the Bank.  The Employee  also agrees to serve as a Director of GCB, the Bank and
any other subsidiary of either or  sub-subsidiary  of either, if elected to such
position,  and so long as Employee remains CEO of the Bank, the parties agree to
take any action so the nomination  committee will consider Employee as a nominee
for Director of GCB.

     Duties.  Subject to the direction of the Chief Executive Officer of GCB and
     ------
respective  Boards of  Directors of GCB and the Bank,  the  Employee  shall have
responsibility  for the  general  management  and  control of the  business  and
affairs of GCB, the Bank and their subsidiaries and shall perform all duties and
shall have all powers which are commonly  incident to an executive who holds the
offices of President and Chief Executive  Officer of a commercial bank or which,
consistent  therewith,  are  delegated  to  him  by  the  respective  Boards  of
Directors.  Such  duties  include,  but  are not  limited  to (1)  managing  the
day-to-day operations of the Bank and GCB; (2) managing the efforts of the Bank,
and  participating  in the  efforts of GCB to comply  with  applicable  laws and
regulations;  (3) promoting GCB and the Bank and their services, (4) supervising
other  employees of GCB (other than the Chief  Executive  Officer) and the Bank,
including the right to  discipline,  terminate and  determine  compensation  and
salaries of all employees  (subject to the Board's  oversight of compensation of
any  officers),  (5)  providing  prompt  and  accurate  reports to the Boards of
Directors of GCB and the Bank  regarding  the affairs and  condition of GCB, the
Bank and their subsidiaries, respectively, and (6) making recommendations to the
Boards of Directors of GCB and/or the Bank, as the case may be,  concerning  the
strategies, capital structure, tactics, and general operations of GCB and/or the
Bank.


<PAGE>


     Base  Compensation and Bonus  Consideration.  GCB and the Bank agree to pay
     -------------------------------------------
the Employee so long as he is employed  pursuant to this  Agreement a salary not
less than Three Hundred Seventy  Thousand and 00/100 Dollars  ($370,000.00)  per
annum,  payable on the same schedule as salaries of other executive  officers of
the Bank are paid. This salary may be increased from time to time as approved by
the Board of Directors of GCB and the Bank, and the Boards of Directors agree to
evaluate  whether an annual  increase is merited.  The foregoing  salary and any
increase  thereof by the  Boards of  Directors  will be the "Base  Compensation"
under this Agreement.  The Bank will pay the Employee such salary for so long as
Bank is an employer of the  Employee  hereunder,  and GCB will pay the  Employee
such salary if it is the sole employer of the Employee  hereunder.  The Board of
Directors  of GCB  and/or the Bank also agree to  evaluate  annually  whether to
award Employee a bonus, based upon Employee's performance and any other relevant
considerations.

     Term.  It is the  intention of the parties that the term of this  Agreement
     ----
shall be one (1) year, on a continuously renewing basis each day, unless earlier
terminated  in  accordance  with  Paragraphs  9 or 11 hereof.  The  phrase  "the
remaining  term of the Agreement" as used herein shall,  at all times,  mean one
(1) year.

     Stock  Options.  The  Employee  shall be  entitled  to  participate  in the
     --------------
employee stock option plans that GCB and/or the Bank maintains from time to time
for the benefit of its executive  employees.  This provision  shall not preclude
GCB  and/or  the Bank  from  amending  or  terminating  any stock  option  plan;
provided,  however,  that notwithstanding  anything to the contrary contained in
said plans or in Employee's separate Stock Option 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 stock options currently
held by Employee on the date of such  termination  shall become fully vested and
fully  exercisable.  The Boards of Directors of GCB and the Bank,  and the Stock
Option  Committee  of GCB 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 award of stock
options should be made to the Employee.

     Other Benefits.
     --------------

     Participation in 401(k), Medical and Insurance Plans. The Employee shall be
     ----------------------------------------------------
entitled to participate  in the employee  benefit plans that GCB and/or the Bank
maintain from time to time for the benefit of their  employees and which include
their  executive  employees  relating  to  (1)  401(k)  benefits,   (2)  medical
insurance,  (3)  group  term  life  insurance  benefits,  (4)  group  disability
benefits, and (5) supplemental earnings retirement plan ("SERP"). This provision
shall not preclude GCB and/or the Bank from any amending or terminating any such
plan,  provided  that such action  will not result in any adverse  effect to the
Employee unless such change is required by law.

     Expenses.  The  Employee  shall  be  entitled  to  be  reimbursed  for  all
     --------
reasonable  out-of-pocket  business  expenses which he shall incur in connection
with his rendition of services under this Agreement upon  substantiation of such
expenses in accordance  with  applicable  policies of GCB or the Bank.  GCB also


<PAGE>


agrees to reimburse all such  reasonable  training for  continuing  education or
seminar expenses of Employee.

     Car Allowance.  The Employee shall be entitled to a minimum of Nine Hundred
     -------------
and 00/100 Dollars  ($900.00) per month for car expenses,  including  insurance.
This car allowance  may be increased  from time to time as approved by the Board
of Directors  of GCB and/or the Bank and the amount will be  evaluated  annually
for whether an increase is appropriate. The foregoing allowance and any increase
thereof  by the  Boards of  Directors  will be the "Car  Allowance"  under  this
Agreement.

     Benefits.  The  Employee  shall be entitled to  participate  in any and all
     --------
employee  benefit  health and welfare  plans made  available  for the benefit of
GCB's  executive  officers  in  accordance  with  provisions  of such  plans and
policies as may be established by the Board of Directors.

     Indemnity.  For  valuable  consideration  and as a material  inducement  to
     ---------
Employee to enter into this  Agreement and to the extent  provided in the Bylaws
or under New Jersey  law,  GCB shall take  whatever  actions  are  necessary  to
indemnify  Employee for acts relating to or arising from  Employees'  employment
and position as a Director. This indemnity shall be to the fullest extent it can
be made  available  under  applicable law and continue even if this Agreement is
terminated.

     Loyalty; Noncompetition.
     ------------------------

     Devotion to Performance.  During the period of his employment hereunder and
     -----------------------
except for illnesses,  reasonable  vacation  periods,  and reasonable  leaves of
absence,  the Employee  shall devote  substantially  all his full business time,
attention,  skill,  and  efforts  to the  faithful  performance  of  his  duties
hereunder;  provided,  however,  that from time to time,  Employee may, with the
prior written consent of the Boards of GCB and the Bank,  serve on the boards of
directors  of,  and hold  any  other  offices  or  positions  in,  companies  or
organizations  which will not (1) present any  conflict of interest  with GCB or
the Bank or any of their subsidiaries or affiliates,  (2) unfavorably affect the
performance  of  Employee's  duties  under this  Agreement,  or (3)  violate any
applicable statute or regulation. The phrase "full business time" as used herein
means that the Employee  cannot be gainfully  employed in any other  position or
job,  but the time  devoted  to GCB and the Bank  shall be that  amount  of time
usually  devoted to like  companies by similarly  situated  executive  officers.
During the term of his employment  under this Agreement,  the Employee shall not
engage in any business or activity contrary to the business affairs or interests
of GCB or the Bank.

     Investments.  Nothing  contained  in this  Paragraph  6 shall be  deemed to
     -----------
prevent or limit the  Employee's  right to invest in the capital  stock or other
securities of any business  dissimilar  from that of GCB or the Bank, or, solely
as a passive or minority  investor,  in any business,  including  banks or other
financial institutions.

     Standards.  Employee  shall  perform  his duties  under this  Agreement  in
     ---------
accordance with such reasonable  standards as the respective Boards of Directors
of GCB or the Bank may  establish  from time to time.  GCB  and/or the Bank will
provide the Employee with working  facilities and staff  customary for similarly
situated executive officers and necessary for him to perform his duties.


<PAGE>


     Vacation. At such reasonable times as the respective Boards of Directors of
     --------
GCB or the  Bank  shall  in  their  discretion  permit,  the  Employee  shall be
entitled,   without  loss  of  pay,  to  absent  himself  voluntarily  from  the
performance  of his  employment  with respect to GCB or the Bank,  respectively,
under this  Agreement,  all such  voluntary  absences to count as vacation time,
provided that:

     Annual Vacation.  The Employee shall be entitled to annual vacation time in
     ---------------
accordance  with such policies as the  respective  Boards of Directors of GCB or
the Bank periodically  establish for senior  management  employees of GCB or the
Bank, respectively; provided however that such annual vacation time shall be, at
a minimum, a period of five (5) weeks, with no reduction in pay or benefits.

     No Additional  Compensation.  The Employee shall not receive any additional
     ---------------------------
compensation  from GCB or the Bank on account of his failure to take a vacation,
and the Employee  shall not accumulate  unused  vacation from one fiscal year to
the  next,  except  in  either  case to the  extent  authorized  by the Board of
Directors of GCB or the Bank or as required by law and this  provision  will not
affect any rights granted under law.

     Termination and Termination  Pay. Subject to the provisions of Paragraph 11
     --------------------------------
hereof which if  triggered  will apply  (relating  to a change in control),  the
Employee's   employment   hereunder  may  be  terminated   under  the  following
circumstances:

     Death. The Employee's  employment under this Agreement shall terminate upon
     -----
his death  during  the term of this  Agreement,  in which  event the  Employee's
estate  shall be  entitled  to receive the base  compensation  due the  Employee
through  the last day of the  calendar  month in which his death  occurred.  The
Employee's beneficiary and/or estate, as the case may be, shall have the benefit
of all insurance programs,  including rights to proceeds from the life insurance
or any post-death  rights under the health program in effect.  At GCB's expense,
GCB will  obtain and  maintain  at all times term life  insurance  covering  the
Employee (with the Employee selecting the beneficiary) in a covered amount equal
to $1.0 million.

     Disability.  GCB or the Bank may terminate the Employee's  employment after
     ----------
having  established the Employee's  Disability.  For purposes of this Agreement,
"Disability"  means a physical or mental  infirmity which impairs the Employee's
ability to  substantially  perform  his duties  under this  Agreement  and which
results in the Employee's  becoming eligible for long-term  disability  benefits
under either GCB's or the Bank's  long-term  disability plan. The Employee shall
be entitled to the compensation and other employee  benefits  provided for under
this Agreement for any period during the term of this Agreement and prior to the
establishment of the Employee's  Disability  during which the Employee is unable
to work due to a Disability.  Upon  becoming  eligible for  disability  benefits
under the terms of the long-term  Disability  Policies then in effect,  Employee
shall be entitled to such  benefits and any other  benefits  provided  under the
terms of employee benefit plans in effect at such time to which the Employee may
be entitled under the terms of such plans given the Employee's  disabled status.
GCB and the Bank will provide, through one or more policies, a minimum of 50% of
the  current  Base  Compensation  of  $370,000.00  (based  upon  the  then  Base
Compensation earned as of entering into this Agreement with such increases to be
made in GCB's and the Bank's discretion.).


<PAGE>


     Just  Cause.  The Board of  Directors  of GCB or the Bank may,  by  written
     -----------
notice to the  Employee  in the form and manner  specified  in this  subsection,
immediately terminate his employment with GCB or the Bank, respectively,  at any
time, for "Just Cause" (as defined  herein).  The Employee shall not be entitled
to receive  compensation or other benefits for any period after a termination of
employment  for Just Cause.  The phrase  "Just Cause" as used herein shall exist
when there has been a good faith  determination  by GCB's or the Bank's Board of
Directors  that there shall have  occurred one or more of the  following  events
with respect to the Employee:  (1) personal  dishonesty arising from or relating
to  Employee's  position;  (2) willful  commission of an act that causes or that
probably  will  cause  substantial  economic  damage  to  GCB  or  the  Bank  or
substantial  injury to their  business  reputation  arising  from or relating to
Employee's  position;  (3)  willful  misconduct  arising  from  or  relating  to
Employee's  position;  (4) breach of fiduciary  duty involving  personal  profit
arising from or relating to  Employee's  position;  (5)  intentional  failure to
perform  stated  duties;  (6) willful  violation of any law,  rule or regulation
(other than traffic  violations  or similar  offenses) or final cease and desist
order; or (7) material  breach of any provision of this Agreement  (after 10 day
notice to Employee with  specificity and  opportunity to cure).  Notwithstanding
the  foregoing,  Just Cause shall not be deemed to exist unless there shall have
been  delivered  to the  Employee  a copy of a  resolution  duly  adopted by the
affirmative  vote of not less than a majority  of the entire  membership  of the
Board of  Directors  of GCB and the Bank at a meeting of such  Board  called and
held for the purpose (after reasonable notice to the Employee and an opportunity
for the Employee to be heard  before the Board),  finding that in the good faith
opinion of the Board the  Employee  was guilty of  conduct  described  above and
specifying the particulars thereof; provided such action will not suspend pay or
benefits to Employee. Prior to holding a meeting at which the Board is to make a
final determination  whether Just Cause exists, if the Board of Directors of GCB
and the Bank  determines  in good faith at a meeting of  Directors,  by not less
than a majority of its entire membership, that there is probable cause for it to
find  that the  Employee  was  guilty  of  conduct  constituting  Just  Cause as
described  above,  the Board may suspend the Employee from his duties  hereunder
for a reasonable time not to exceed fourteen (14) days pending a further meeting
at which the  Employee  shall be given the  opportunity  to be heard  before the
Board.  During any such period of suspension  the parties agree no stock options
may be exercised.

     Termination Without Just Cause.
     -------------------------------

     Payment of Base Salary.  Subject to the  provisions  of Paragraph 11 hereof
     -----------------------
which if triggered  will apply  (relating to a change in control) , the Board of
Directors of GCB or the Bank may, by written notice to the Employee, immediately
terminate  his  employment  at any time for a reason  other than Just Cause,  in
which event the Employee shall be entitled to receive,  as a severance  benefit,
his Base  Compensation  for the remaining  term of this  Agreement at the annual
rate then in effect.  Employee shall also be entitled to continue to receive all
benefits  provided  pursuant to Paragraph  5.a.  hereof for the  remaining  term
hereof.

     Manner of  Payment.  Said sum shall be paid in one lump sum within ten (10)
     ------------------
days after such  termination;  provided that no amount of any such payment shall
be made to the extent it would cause the  aggregate  amount  payable  hereunder,
after the  consideration  of any  allocations  to the  non-compete  (and without
considering  any  benefits  owed to Employee  under the SERP Plan),  to equal or
exceed the difference between (i) the product of 2.99 times his "base amount" as


<PAGE>


defined on  ss.280G(b)(3)  of the Internal Revenue Code of 1986, as amended (the
"Code") and regulations  promulgated  thereunder,  and (ii) the sum of any other
"parachute  payments"  (as  defined  under  ss.280G(b)(2)  of the Code) that the
Employee receives on account of such termination.  Payment of any amounts, other
than  base  salary,  payable  under any  deferred  or other  compensation  plans
(including the SERP Plan) shall be paid out in accordance with the terms of such
plan or plans.

     Covenant  Not to Compete.  In the event of such  termination  by GCB or the
     ------------------------
Bank without Just Cause hereunder,  during the remaining term of this Agreement,
the  Employee  shall not serve as an officer or director or employee of any bank
holding  company,  bank,  savings  association  or  mortgage  company  with  its
principal  office in Bergen  County and Passaic  County,  New Jersey,  and which
offers products or services in such county,  competing with those offered by GCB
or any of its banking  subsidiaries;  provided,  that if the  Employee  does not
accept (or has returned) the severance  benefit  provided for in this  Paragraph
9.d., he shall not be prevented from competing with GCB or the Bank by reason of
this  Paragraph  9.d.  for such term or for any portion  thereof with respect to
which he has not accepted (or has returned) such severance benefit.

     Termination or Suspension Under Federal law.
     --------------------------------------------

     If the Employee is removed and/or permanently prohibited from participating
in the conduct of the Bank's  affairs by an order  issued  under  ss.8(e)(4)  or
ss.8(g)(1)   of  the  Federal   Deposit   Insurance   Act  ("FDIA")  (12  U.S.C.
ss.1818(e)(4)  and  (g)(1)),  all  obligations  of GCB and the Bank  under  this
Agreement  shall  terminate,  as of the effective date of the order,  but vested
rights of the parties shall not be affected.

     If the  Bank  is in  default  (as  defined  in  ss.3(x)(1)  of  FDIA),  all
obligations of GCB and the Bank under this Agreement  shall  terminate as of the
date of default;  however, this subsection shall not affect the vested rights of
the parties.

     If a notice  served under  ss.8(e)(3)  or ss.8(g)(1) of the FDIA (12 U.S.C.
ss.ss.1818(e)(3) and (g)(1)) suspends and/or temporarily  prohibits the Employee
from  participating  in the conduct of the Bank's affairs,  GCB's and the Bank's
obligations  under  this  Agreement  shall be  suspended  as of the date of such
service, unless stayed by appropriate proceedings.  If the charges in the notice
are  dismissed,  the  Bank  shall  (a)  pay  the  Employee  all or  part  of the
compensation  withheld while its contract  obligations  were suspended,  and (b)
reinstate (in whole or in part) any of its obligations which were suspended.

     Voluntary Termination by Employee;  Covenant Not to Compete. Subject to the
     -----------------------------------------------------------
provisions of Paragraph 11 hereof which if triggered  will apply  (relating to a
change in control),  the Employee may voluntarily  terminate employment with GCB
and the Bank during the term of this  Agreement upon at least one (1) year prior
written  notice  (or  sooner as  agreed  upon by all  parties)  to each of their
respective  Boards  of  Directors.  In the event of such  voluntary  termination
hereunder,  the Employee shall continue to receive his  compensation  during the
remaining  one-year term of the  noncompete  term provided in this Agreement and
any  extensions or renewals  thereof  (paid in regular  amounts at least twice a
month).  During the noncompete  term, the Employee shall not serve as an officer
or director or employee of any bank holding company,  bank, savings  association


<PAGE>


or mortgage  company with its  principal  office in Bergen  County,  New Jersey,
which offers products or services  competing with those offered by GCB or any of
its banking subsidiaries in Bergen County and Passaic County, New Jersey.

     No Mitigation. The Employee shall not be required to mitigate the amount of
     -------------
any payment  provided  for in this  Agreement  by seeking  other  employment  or
otherwise  and no such  payment  shall be offset or reduced by the amount of any
compensation or benefits provided to the Employee in any subsequent employment.

     Change in Control.
     ------------------

     Involuntary  Termination  After  Change  in  Control.  Notwithstanding  any
     ----------------------------------------------------
provision  herein to the contrary,  if, in connection with or within twelve (12)
months  after  any  "change  in  control"  of GCB or the  Bank,  the  Employee's
employment  under this  Agreement is  terminated  by GCB or the Bank without the
Employee's  prior  written  consent and for a reason other than Just Cause,  the
Employee  shall be paid an amount  equal to two and one half times  base  annual
compensation  less that  amount of base  compensation  actually  paid  after the
change in control unless the Bank was placed in  conservatorship or receivership
in  connection  with such change in control and the Board of Directors of GCB or
the Bank  determines in good faith that the change in control was directed by or
otherwise  required by the FDIC.  Employee shall also be entitled to continue to
receive  all  benefits  provided  pursuant  to  Paragraph  5.a.  hereof  for the
remaining term hereof.  In no event,  however,  may the aggregate amount payable
hereunder,  after considering  allocations to non-competes  (without considering
any benefits to Employee  under the SERP Plan),  equal or exceed the  difference
between (i) the product of 2.99 times the Employee's "base amount" as defined in
ss.280G(b)(3) of the Code and regulations promulgated  thereunder,  and (ii) the
sum of any other parachute payments (as defined under ss.280G(b)(2) of the Code)
that the Employee  receives on account of the change in control.  Said sum shall
be paid in one  lump sum  within  ten (10)  days of such  termination.  The term
"control,"  for  purposes  of  determining  whether a "change  in  control"  has
occurred for purposes of this  Paragraph 11, shall be deemed to have occurred if
any of the  following  events  shall  occur  after  the  effective  date of this
Agreement:  (1) the  acquisition  by any person (other than GCB) of ownership or
power to vote more than thirty three and one third percent  (331/3%) of GCB's or
the Bank's voting stock;  (2) the  acquisition by any person (other than GCB) of
the control of the election of a majority of GCB's or the Bank's directors;  (3)
the exercise of a controlling  influence  over the management or policies of GCB
or the Bank by any  person  (other  than  GCB) or by  persons  acting as a group
within the meaning of ss.13(d) of the  Securities  Exchange Act of 1934;  or (4)
during any period of two consecutive years,  individuals who at the beginning of
such two (2) year period  constitute the Board of Directors of GCB (the "Company
Board") (the "Continuing Directors") cease for any reason to constitute at least
two-thirds  (2/3)  thereof,  provided  that any  individual  whose  election  or
nomination  for election as a member of the Company Board was approved by a vote
of at least two-thirds (2/3) of the Continuing Directors then in office shall be
considered  a  Continuing  Director.  The term  "person"  as used above means an
individual  (other  than  the  Employee),   corporation,   partnership,   trust,
association, joint venture, pool, syndicate, sole proprietorship, unincorporated
organization or any other form of entity not specifically  listed herein.  It is
the  understanding  of the parties that the merger or  consolidation of the Bank


<PAGE>


with one or more banking  subsidiaries  of GCB shall not be considered a "change
in control" for purposes of this Agreement and specifically Paragraphs 11.a. and
11.b.

     Voluntary  Termination After Change in Control.  Notwithstanding  any other
     ----------------------------------------------
provision of this  Agreement  to the  contrary,  the  Employee  may  voluntarily
terminate  his  employment  under  this  Agreement  within  twelve  (12)  months
following  a change  in  control  of GCB or the  Bank,  and the  Employee  shall
thereupon be entitled to receive the payment  described in  Paragraph  11.a.  of
this Agreement.

     Dispute  Resolution.  All disputes,  claims, or grievances arising under or
     -------------------
out of this Agreement,  specifically including,  but not limited to, claims of a
breach of this  Agreement  by the other party,  shall be  processed  exclusively
before three  arbitrators  selected by the CPR Institute for Dispute  Resolution
pursuant to the General Arbitration Act of the State of New Jersey,  Section 2A:
24-1 Et.  Seq.  of the New  Jersey  Statutes.  The  method of  selection  of the
arbitrators, the rules of arbitration, and all other procedural matters relating
to any arbitration  proceeding under this Agreement shall be governed by the CPR
Institute  Rules  for  Non-Administered   Arbitration,   as  revised.  Any  such
arbitration  proceeding  shall be held in the State of New Jersey.  All fees and
costs of any  challenge  shall be paid by GCB, if the  Employee  prevails in any
claim that was  brought to  enforce a right or term  under this  Agreement.  Any
amounts due to Employee will include interest at 6% per annum.

     Confidentiality of Information.  Except as publicly disclosed, the Employee
     ------------------------------
agrees to maintain the confidentiality of any nonpublic  information  concerning
the operation or financial status of GCB and the Bank, the names or addresses of
any  of  the  Bank's  customers,   borrowers  and  depositors,  any  information
concerning or obtained from such  customers,  borrowers and  depositors  and any
other nonpublic information,  knowledge or data of or concerning GCB or the Bank
to which the Employee may be exposed  during the course of his  employment.  The
Employee further agrees that,  unless required by law or specifically  permitted
by GCB or the Bank in  writing,  he will not  disclose  to any person or entity,
either  during  or  subsequent  to his  employment,  any of the  above-mentioned
nonpublic  information  which is not generally  known to the public nor shall he
employ  such  information  in any way other than for the  benefit of GCB and the
Bank.

     Injunctive  Relief.  If there  is a  breach  or  threatened  breach  of the
     ------------------
provisions  of  the  Covenants  not  to  Compete  contained  in  Paragraph  6 or
Paragraphs  9.d.(3) or 9.f., or the  prohibitions  upon disclosure  contained in
Paragraph 13, of this Agreement, the Employee acknowledges and agrees that there
may not be adequate remedy at law for such breach and that GCB and the Bank each
shall be entitled to injunctive relief restraining the Employee from such breach
or  threatened  breach,  but  such  relief  shall  not be the  exclusive  remedy
hereunder for such breach.

     Representation of the Employee. The Employee hereby represents and warrants
     ------------------------------
to GCB and the Bank that he has full  power  and  authority  to enter  into this
Agreement  and to perform  his duties and  obligations  hereunder,  and that the
execution and performance hereof is not and will not in any manner conflict with
or  result  in a  violation  of  any  other  contract,  agreement,  covenant  or
restriction to which the Employee is a party or by which he is bound.

     Successors and Assigns.
     -----------------------

     Acquisition of GCB or the Bank.  This Agreement  shall inure to the benefit
     ------------------------------
of and be binding upon any corporate or other successor of GCB or the Bank which
shall acquire,  directly or indirectly,  by merger,  consolidation,  purchase or
otherwise, all or substantially all of the assets or stock of GCB or the Bank.

     No Assignment by Employee.  Since GCB and the Bank are  contracting for the
     -------------------------
unique and personal  executive  skills of the  Employee,  the Employee  shall be
precluded from assigning or delegating  his rights or duties  hereunder  without
first  obtaining the written  consent of GCB and the Bank but the Agreement will
inure  to the  benefit  of and be  enforced  by  Employee's  personal  or  legal
representative or executor.

     Joint and Several  Liability.  To the extent  permitted  by law,  except as
     ----------------------------
otherwise  provided  herein,  GCB and the Bank  shall be jointly  and  severally
liable  for the  payment of all  amounts  due under  this  Agreement.  It is the
understanding of the parties that the Bank is not able, legally, to enter into a
binding  employment  agreement for the position of President and Chief Executive
Officer.  It is with that  understanding  that GCB has agreed to be jointly  and
severally liable and to guarantee the Bank's performance hereunder.

     Notices.  All notices  hereunder shall be in writing.  Any notice hereunder
     -------
shall be deemed duly given if it is sent by registered or certified mail, return
receipt requested,  postage prepaid, or by courier,  telecopy or facsimile,  and
addressed to the intended  recipient as follows:  (i) if to the Executive:  (per
wage  records);  (ii) if to Greater  Community  Bancorp  at 55 Union  Boulevard,
Totowa,  New Jersey 07511;  and if to (iii) Bergen  Commercial Bank at Two Sears
Drive,  Paramus, New Jersey 07653. Notices will be deemed given three days after
mailing if sent by certified mail,  when delivered if sent by courier,  and upon
receipt of  confirmation  by person or machine if sent by telecopy or  facsimile
transmission. Any party may change the address to which notices hereunder are to
be delivered by giving the other party notice in the manner herein set forth.

     Amendments. This Agreement may be executed in one or more counterparts,  by
     ----------
fax or  otherwise,  each of which shall be deemed to be an  original,  all which
together constitute one agreement.  No amendments or additions to this Agreement
shall be binding unless made in writing and signed by all of the parties hereto,
except as herein otherwise specifically provided.

     Applicable Law.
     ---------------

     State Law.  Except to the extent  preempted by Federal law, the laws of the
     ---------
State of New Jersey shall govern this  Agreement in all respects,  whether as to
its validity, construction, capacity, performance or otherwise.

     Compliance  with Law and  Regulation.  All provisions of this Agreement are
     ------------------------------------
intended to be consistent with and comply with all laws and regulations  enacted
or promulgated  both before and after the Effective Date,  applicable to GCB and
the  Bank,  and  to  the  extent  that  any  provision  is  inconsistent  or  in
non-compliance,  such  provision as may be most narrowly  proscribed or limited,
shall be deemed void.


<PAGE>


     Severability.  The provisions of this Agreement  shall be deemed  severable
     ------------
and the  invalidity or  unenforceability  of any provision  shall not affect the
validity or enforceability of the other provisions hereof.

     Headings.  Headings  contained herein are for convenience of reference only
     --------
and are not intended to affect the meaning of the text of this Agreement.

     Entire Agreement.  This Agreement,  together with any modifications thereof
     ----------------
as may hereafter be agreed to in writing by the parties,  shall  constitute  the
entire  agreement  between the parties hereto with respect to the subject matter
hereof.

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


ATTEST:                                     BERGEN COMMERCIAL BANK


/s/ Leo J. Faresich                         By: /s/ Anthony M. Bruno, Jr.
---------------------                           ------------------------------
Leo J. Faresich, Secretary                      Anthony M. Bruno, Jr., Chairman


ATTEST:                                     GREATER COMMUNITY BANCORP


/s/ Jeannette Chardavoyne                   By: /s/ Charles J. Volpe
--------------------------------                ------------------------------
Jeannette Chardavoyne, Secretary                Charles Volpe, Chairman of the
                                                Compensation Committee

WITNESS:                                    EMPLOYEE


/s/ Jeannette Chardavoyne                   /s/ C. Mark Campbell
--------------------------------            -----------------------------------
Jeannette Chardavoyne                       C. Mark Campbell, Individually