Exhibit 14
 Monarch Community Bancorp, Inc. /Monarch Community Bank
Code of Conduct
 I.
    
    INTRODUCTION
    II.
    
    SAFEGUARDING CONFIDENTIAL INFORMATION
 .
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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
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promptly report it to the Chief Executive Officer or Chief Financial Officer.
 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
  A.
    
    Possible violations of the Bank Secrecy Act.B.
    
    Possible criminal law violations of any type.C.
    
    Possible violations of normal Bancorp or Bank
Policies or Procedures.
 IX.
    
    ANTITRUST COMPLIANCE
  X.
    
    TIE-IN ARRANGEMENTS
  A.
 B.
 C.
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XI.
    
    SOCIAL SECURITY NUMBER PRIVACY
  
 
 
  
 
 
 
 
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XII.
    POLICY PROHIBITING HARASSMENT
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etc.
    XIII.
    
    OBSERVING APPLICABLE LAWS
  XIV.
    
    ADMINISTRATION OF THE CODE
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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
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