Exhibit 14
 Monarch Community Bancorp, Inc. /Monarch Community Bank
Code of Conduct
 I. INTRODUCTION
    II. SAFEGUARDING CONFIDENTIAL INFORMATION
 .
   Code of Conduct 2-10-2010
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III. ENSURING INTEGRITY OF RECORDS
  IV. INTERNAL CONTROL OVER ASSETS
  A.
    
    No undisclosed or unrecorded asset is to be established for any purpose;B.
    
    No false entry is to be made in the books of the Corporation for any reason,
and no entry is to be used for any purpose other than the purpose described in the
supporting documents;C.
    
    No payment is to be approved or made with the intention that any part of it
is to be used for any purpose other than the purpose described in the supporting
documents; andD.
    
    Any Covered Person who knows of any unrecorded assets of the Corporation or
any prohibited act described in this Section IV must Code of Conduct 2-10-2010
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V. CANDOR IN DEALING WITH AUDITORS, REGULATORS, AND LEGAL COUNSEL
  VI. ANTI-BRIBERY
    Exceptions to the above
   
    
    Meals, gratuities, amenities, or favors based on obvious family or personal
relationships
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
    
    Meals, refreshments, travel arrangements, accommodations, or entertainment of
reasonable value in the course of a meeting or other bona fide business occasion
    
    Loans from other financial institutions when made on customary terms for the purpose of
financing usual and proper activities (Insiders must refer to the banks insider policy
for additional guidance and regulatory requirements concerning loans from correspondent
banks.)
    
    Advertising or promotional material of reasonable value (pens, note pads, calendars,
etc.)
    
    Discounts or rebates on merchandise or services that are available to other similar
customers
    
    Gifts of reasonable value related to commonly recognized events or occasions such as a
promotion, wedding, retirement, holiday, or other special occasion
    
    Civic, charitable, education, or religious organizational awards for recognition of
service and accomplishment
    
    Other benefits or items of value, when approved in writing on a case-by-case basis.
   VII. CONFLICTS OF INTEREST
 A.
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B.
 C.
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D.
 .
 .
 .
  E.
 F.
 G.
 H.
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I.
 VIII. Reporting Suspicious Activity
     IX. ANTITRUST COMPLIANCE
  X. TIE-IN ARRANGEMENTS
  A.
 B.
 C.
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XI. SOCIAL SECURITY NUMBER PRIVACY
  
    
    publicly display social security numbers; or
    
    use or transmit more than four sequential digits of a social security number over the
Internet or computer system or network unless the connection is secure or the transmission
is encrypted; or
    
    include more than four sequential digits of a social security number in or on any
document mailed or otherwise sent to an individual if the numbers are visible on the
envelope or packaging.
  
    
    Verify an individuals identity, identify an individual, or do another similar
administrative purpose related to an existing or proposed account, transaction, product,
service, or employment;
    
    Investigate an individuals claim, credit, criminal, or driving history;
    
    Detect, prevent, or deter identity theft or another crime;
    
    Lawfully pursue or enforce a persons legal rights, including, but not limited to, an
audit, collection, investigation, or transfer of a tax, employee benefit, debt, claim,
receivable, or account or an interest in a receivable or account; or
    
    Provide or administer employee or health insurance or membership benefits, claims, or
retirement programs or to administer the ownership of shares of stock or other investments.
Records and information containing social security numbers
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XII. POLICY PROHIBITING HARASSMENT
      Code of Conduct 2-10-2010
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etc.
    XIII. OBSERVING APPLICABLE LAWS
  XIV. ADMINISTRATION OF THE CODE
  Code of Conduct 2-10-2010
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XV. MONITORING COMPLIANCE WITH THE CODE
  XVI. REPORTING VIOLATIONS OF THE CODE OR OTHER QUESTIONABLE ACTIVITY
 Complaint Procedure, .
 XVII. PENALTIES FOR VIOLATIONS OF THE CODE
  XVIII. TRAINING
  XIX. UPDATING THE CODE
  Code of Conduct 2-10-2010
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Code of Conduct 2-10-2010
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