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closing date of the agreement between the TARP recipient and Treasury or June 15, 2009 andending with the last day of the TARP recipient’s fiscal year containing that date;(viii) Monarch Community Bancorp, Inc. has limited bonus payments to its applicable employeesin accordance with section 111 of EESA and the regulations and guidance established thereunderduring the period beginning on the later of the closing date of the agreement between the TARPrecipient and Treasury or September 14, 2009 and ending with the last day of the Monarch CommunityBancorp, Inc.’s fiscal year containing that date;     (ix) The board of directors of Monarch Community Bancorp, Inc. has established an excessive orluxury expenditures policy, as defined in the regulations and guidance established under section111 of EESA, by the later of September 14, 2009, or ninety days after the closing date of theagreement between Monarch Community Bancorp, Inc and Treasury; this policy has been provided toTreasury and its primary regulatory agency; Monarch Community Bancorp, Inc and its employees havecomplied with this policy during the applicable period; and any expenses that, pursuant to thispolicy, required approval of the board of directors, a committee of the board of directors, an SEO,or an executive officer with a similar level of responsibility were properly approved;     (x) Monarch Community Bancorp, Inc will permit a non-binding shareholder resolution incompliance with any applicable federal securities rules and regulations on the disclosures providedunder the federal securities laws related to SEO compensation paid or accrued during the periodbeginning on the later of the closing date of the agreement between Monarch Community Bancorp, Inc.and Treasury or June 15, 2009 and ending with the last day of the Monarch Community Bancorp, Inc.’sfiscal year containing that date;     (xi) Monarch Community Bancorp, Inc. will disclose the amount, nature, and justification forthe offering during the period beginning on the later of the closing date of the agreement betweenthe TARP recipient and Treasury or June 15, 2009 and ending with the last day of the TARPrecipient’s fiscal year containing that date of any perquisites, as defined in the regulations andguidance established under section 111 of EESA, whose total value exceeds $25,000 for any employeewho is subject to the bonus payment limitations identified in paragraph (viii);     (xii) Monarch Community Bancorp, Inc. will disclose whether Monarch Community Bancorp, Inc,the board of directors of Monarch Community Bancorp, Inc., or the compensation committee of MonarchCommunity Bancorp, Inc has engaged during the period beginning on the later of the closing date ofthe agreement between Monarch Community Bancorp, Inc. and Treasury or June 15, 2009 and ending withthe last day of Monarch Community Bancorp, Inc’s fiscal year containing that date, a compensationconsultant; and the services the compensation consultant or any affiliate of the compensationconsultant provided during this period;     (xiii) Monarch Community Bancorp, Inc has prohibited the payment of any gross-ups, as definedin the regulations and guidance established under section 111 of EESA, to the SEOs and the nexttwenty most highly compensated employees during the period beginning on the later of the closingdate of the agreement between the TARP recipient and Treasury or June 15, 2009 and ending with thelast day of Monarch Community Bancorp, Inc.’s fiscal year containing that date;(xiv) Monarch Community Bancorp, Inc has substantially complied with all other requirements relatedto employee compensation that are provided in the agreement between Monarch Community Bancorp, Inc,including any amendments;
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     (xv) Monarch Community Bancorp, Inc. has submitted to Treasury a complete and accurate list ofthe SEOs and the twenty next most highly compensated employees for the current fiscal year and themost recently completed fiscal year, with the non-SEOs ranked in descending order of level ofannual compensation, and with the name, title, and employer of each SEO and most highly compensatedemployee identified.     (xvi) I understand that a knowing and willful false or fraudulent statement made in connectionwith this certification may be punished by fine, imprisonment, or both. (See, for example, 18 USC1001).    /s/Rebecca S. Crabill  Rebecca S. Crabill, Senior Vice President and CFO  Monarch Community Bancorp, Inc.  March31, 2010  UST 447  
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