“clawback” provision during any part of the most recently completed fiscal year that was a TARPperiod if the bonus payments were based on materially inaccurate financial statements or any othermaterially inaccurate performance metric criteria;(vii) Monarch Community Bancorp, Inc. has prohibited any golden parachute payment, as defined inthe regulations and guidance established under section 111 of EESA, to a SEO or any of the nextfive most highly compensated employees during any part of the most recently completed fiscal yearthat was a TARP period;(viii) Monarch Community Bancorp, Inc. has limited bonus payments to its applicable employees inaccordance with section 111 of EESA and the regulations and guidance established thereunder duringany part of the most recently completed fiscal year that was a TARP period;(ix) Monarch Community Bancorp, Inc. and its employees have complied with the excessive or luxuryexpenditures policy, as defined in the regulations and guidance established under section 111 ofEESA, during any part of the most recently completed fiscal year that was a TARP period; and anyexpenses that, pursuant to the policy, required approval of the board of directors, a committee ofthe board of directors, an SEO, or an executive officer with a similar level of responsibility wereproperly approved;(x) Monarch Community Bancorp, Inc. will permit a non-binding shareholder resolution in compliancewith any applicable federal securities rules and regulations on the disclosures provided under thefederal securities laws related to SEO compensation paid or accrued during any part of the mostrecently completed fiscal year that was a TARP period;(xi) Monarch Community Bancorp, Inc. will disclose the amount, nature, and justification for theoffering, during any part of the most recently completed fiscal year that was a TARP period, of anyperquisites, as defined in the regulations and guidance established under section 111 of EESA,whose total value exceeds $25,000 for any employee who is subject to the bonus payment limitationsidentified in paragraph (viii);(xii) Monarch Community Bancorp, Inc. will disclose whether Monarch Community Bancorp, Inc., theboard of directors of Monarch Community Bancorp, Inc., or the compensation committee of MonarchCommunity Bancorp, Inc. has engaged during any part of the most recently completed fiscal yearthat was a TARP period a compensation consultant; and the services the compensation consultant orany affiliate of the compensation consultant provided during this period;(xiii) Monarch Community Bancorp, Inc. has prohibited the payment of any gross-ups, as defined inthe regulations and guidance established under section 111 of EESA, to the SEOs and the next twentymost highly compensated employees during any part of the most recently completed fiscal year thatwas a TARP period;(xiv) Monarch Community Bancorp, Inc. has substantially complied with all other requirementsrelated to employee compensation that are provided in the agreement between Monarch CommunityBancorp, Inc and Treasury, including any amendments;
 

 
(xv) Monarch Community Bancorp, Inc. has submitted to Treasury a complete and accurate list of theSEOs and the twenty next most highly compensated employees for the current fiscal year, with thenon-SEOs ranked in **descending**order of level of annual compensation, and with the name, title, andemployer of each SEO and most highly compensated employee identified; and(xvi) I understand that a knowing and willful false or fraudulent statement made in connection withthis certification may be punished by fine, imprisonment, or both. (See, for example, 18 USC1001.)     /s/ Rebecca S. Crabill Rebecca S. Crabill, SVP and CFO Date: March 18, 2011  (Principal Financial Officer)    
3