Exhibit 10.7

Two River Community Bank
Supplemental Executive Retirement Agreement
--------------------------------------------------------------------------------

                            TWO RIVER COMMUNITY BANK
                   SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT

      THIS  SUPPLEMENTAL  EXECUTIVE  RETIREMENT  AGREEMENT (the  "Agreement") is
adopted this 1st day of January, 2005 by and between TWO RIVER COMMUNITY BANK, a
New Jersey-chartered  commercial bank located in Middletown, New Jersey ("Bank")
and ANTHA  STEPHENS  (the  "Executive").  The  purpose of this  Agreement  is to
provide  specified  benefits  to the  Executive,  a member of a select  group of
management  or highly  compensated  employees who  contribute  materially to the
continued  growth,  development,  and future business  success of the Bank. This
Agreement  shall be unfunded for tax purposes and for purposes of Title I of the
Employee Retirement Income Security Act of 1974 ("ERISA"),  as amended from time
to time.

                                    Article 1
                                   Definitions

      Whenever used in this  Agreement,  the  following  words and phrases shall
have the meanings specified:

1.1   "Beneficiary"  means each designated person, or the estate of the deceased
      Executive,  entitled to benefits,  if any, upon the death of the Executive
      determined pursuant to Article 4.

1.2   "Beneficiary  Designation  Form" means the form  established  from time to
      time by the Plan  Administrator that the Executive  completes,  signs, and
      returns to the Plan Administrator to designate one or more Beneficiaries.

1.3   "Board"  means  the  Board of  Directors  of the Bank as from time to time
      constituted.

1.4   "Change in Control"  means a change in the ownership or effective  control
      of the Bank, or in the ownership of a substantial portion of the assets of
      the  Bank,  as such  change is  defined  in  Section  409A of the Code and
      regulations thereunder.

1.5   "Code" means the Internal Revenue Code of 1986, as amended.

1.6   "Disability"  means  Executive (i) is unable to engage in any  substantial
      gainful  activity  by reason of any  medically  determinable  physical  or
      mental  impairment  which  can be  expected  to  result in death or can be
      expected to last for a  continuous  period of not less than 12 months,  or
      (ii) is,  by  reason  of any  medically  determinable  physical  or mental
      impairment  which can be expected to result in death or can be expected to
      last for a continuous period of not less than 12 months,  receiving income
      replacement  benefits  for a  period  of not less  than 3 months  under an
      accident and health plan  covering  employees of the  Executive  employer.
      Medical  determination  of  Disability  may be made by either  the  Social
      Security  Administration  or by the provider of an accident or health plan
      covering  employees of the Executive's  employer.  Upon the request of the
      Plan   Administrator,   the  Executive  must  submit  proof  to  the  Plan
      Administrator  of  Social  Security  Administration's  or  the  provider's
      determination.


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Two River Community Bank
Supplemental Executive Retirement Agreement
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1.7   "Early Termination" means Separation from Service before Normal Retirement
      Age for reasons other than death,  Disability,  Termination  for Cause, or
      following a Change in Control.

1.8   "Effective Date" means November 1, 2004.
       --------------

1.9   "Normal Retirement Age" means the Executive attaining age sixty-five (65).
       ---------------------

1.10  "Plan Administrator" means the plan administrator described in Article 6.
       ------------------

1.11  "Plan Year" means each  twelve-month  period  commencing  on January 1 and
      ending on December 31 of each year.  The initial Plan Year shall  commence
      on the Effective Date of this Agreement and end on the following  December
      31, 2005.

1.12  "Schedule A" means the schedule attached to this Agreement and made a part
      hereof.  Schedule A shall be updated  upon a change in any of the benefits
      under Articles 2 or 3.

1.13  "Separation  from  Service"  means  that the  Executive's  service,  as an
      employee  and  independent  contractor,  to the Bank and any  member  of a
      controlled  group as defined in Section  414 of the Code to which the Bank
      belongs, has terminated for any reason, other than by reason of a leave of
      absence approved by the Bank or the death of the Executive.

1.14  "Termination for Cause" has that meaning set forth in Article 5.

                                    Article 2
                          Distributions During Lifetime

2.1   Normal Retirement  Benefit. If the Executive has a Separation from Service
      on or after  Normal  Retirement  Age,  the Bank  shall  distribute  to the
      Executive  the benefit  described in this Section 2.1 in lieu of any other
      benefit under this Article.

      2.1.1 Amount of  Benefit.  The annual  benefit  under this  Section 2.1 is
            Twenty-Five Thousand Dollars ($25,000).

      2.1.2 Distribution  of  Benefit.  The Bank  shall  distribute  the  annual
            benefit to the Executive in twelve (12) equal  monthly  installments
            commencing on the first day of the month  following the  Executive's
            65th  birthday.  The  annual  benefit  shall be  distributed  to the
            Executive for fifteen (15) years.

2.2   Early Termination  Benefit.  Upon the Executive's Early  Termination,  the
      Bank shall  distribute  to the  Executive  the benefit  described  in this
      Section 2.2 in lieu of any other benefit under this Article.

      2.2.1 Amount of Benefit.  The benefit  under this Section 2.2 is the Early
            Termination  benefit  set forth on Schedule A for the Plan Year that
            ended immediately prior to the date on which Separation from Service
            occurs.

      2.2.2 Distribution  of Benefit.  The Bank shall  distribute the benefit to
            the Executive in one hundred eighty (180)  consecutive equal monthly
            installments commencing within thirty (30) days following Separation
            from Service.  During the applicable  installment  period,  the Bank
            shall  credit  interest at an annual rate equal to six and  one-half
            percent (6.5%), compounded monthly.


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Two River Community Bank
Supplemental Executive Retirement Agreement
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2.3   Disability  Benefit.  If the Executive's  Disability results in Separation
      from Service prior to Normal  Retirement Age, the Bank shall distribute to
      the  Executive  the benefit  described  in this Section 2.3 in lieu of any
      other benefit under this Article.

      2.3.1 Amount  of  Benefit.  The  benefit  under  this  Section  2.3 is the
            Disability  benefit  set forth on  Schedule A for the Plan Year that
            ended immediately prior to the date on which Separation from Service
            due to Disability occurs.

      2.3.2 Distribution  of Benefit.  The Bank shall  distribute the benefit to
            the Executive in one hundred eighty (180)  consecutive equal monthly
            installments  commencing  within thirty (30) days  following  Normal
            Retirement Age. During the applicable  installment  period, the Bank
            shall  credit  interest at an annual rate equal to six and  one-half
            percent (6.5%), compounded monthly.

2.4   Change in Control Benefit. If the Executive is a full time employee at the
      date a  Change  in  Control  occurs,  the  Bank  shall  distribute  to the
      Executive  the benefit  described in this Section 2.4 in lieu of any other
      benefit under this Article.

      2.4.1 Amount of Benefit.  The benefit under this Section 2.4 is the Change
            in Control  benefit  set forth on  Schedule A for the Plan Year that
            ended immediately prior to the date on which Separation from Service
            occurs.

      2.4.2 Distribution  of Benefit.  The Bank shall  distribute the benefit to
            the Executive in one hundred eighty (180)  consecutive equal monthly
            installments commencing within thirty (30) days following Separation
            from Service.  During the applicable  installment  period,  the Bank
            shall  credit  interest at an annual rate equal to six and  one-half
            percent (6.5%), compounded monthly.

      2.4.3 Parachute Payments.  Notwithstanding any provision of this Agreement
            to the contrary,  to the extent any distribution(s),  if made, under
            this Section 2.4 would be treated as an "excess  parachute  payment"
            under  Section 280G of the Code,  the Bank shall reduce or delay the
            distribution(s)  to the  extent it would not be an excess  parachute
            payment.

2.5   Restriction on Timing of  Distribution.  Notwithstanding  any provision of
      this  Agreement  to  the  contrary,  if  the  Executive  is  considered  a
      "specified  employee"  under  Section  409A of the  Code  and  regulations
      thereunder,  benefit  distributions  that  qualify as a  "separation  from
      service" under Section 409A of the Code and regulations thereunder may not
      commence  earlier  than six (6) months  after the date of such  separation
      from service.

                                    Article 3
                              Distribution at Death

3.1   Death During Active  Service.  If the  Executive  dies while in the active
      service to the Bank,  the Bank shall  distribute  to the  Beneficiary  the
      benefit  described in this Section 3.1. This benefit shall be  distributed
      in lieu of the benefits under Article 2.


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Two River Community Bank
Supplemental Executive Retirement Agreement
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      3.1.1 Amount of Benefit.  The benefit  under this Section 3.1 is the death
            benefit  set  forth on  Schedule  A for the  Plan  Year  that  ended
            immediately prior to the Executive's date of death.

      3.1.2 Distribution  of Benefit.  The Bank shall  distribute the benefit to
            the  Beneficiary  in a lump sum within  ninety  (90) days  following
            receipt by the Bank of the Executive's death certificate.

3.2   Death During  Distribution  of a Benefit.  If the Executive dies after any
      benefit  distributions  have  commenced  under this  Agreement  but before
      receiving  all  such  distributions,  the  Bank  shall  distribute  to the
      Beneficiary  the  remaining  benefits  at the  same  time  and in the same
      amounts  they  would  have  been  distributed  to the  Executive  had  the
      Executive survived.

3.3   Death  After  Separation  from  Service But Before  Benefit  Distributions
      Commence. If the Executive is entitled to benefit distributions under this
      Agreement,   but  dies  prior  to  the   commencement   of  said   benefit
      distributions,  the Bank  shall  distribute  to the  Beneficiary  the same
      benefits that the Executive was entitled to prior to death except that the
      benefit  distributions  shall  commence  within thirty (30) days following
      receipt by the Bank of the Executive's death certificate.

                                    Article 4
                                  Beneficiaries

4.1   Beneficiary. The Executive shall have the right, at any time, to designate
      a  Beneficiary(ies)  to  receive  any  benefit  distributions  under  this
      Agreement  to  a  Beneficiary  upon  the  death  of  the  Executive.   The
      Beneficiary  designated  under  this  Agreement  may  be  the  same  as or
      different  from the  beneficiary  designation  under any other plan of the
      Bank in which the Executive participates.

4.2   Beneficiary   Designation   Change.   The  Executive   shall  designate  a
      Beneficiary by completing and signing the  Beneficiary  Designation  Form,
      and delivering it to the Plan  Administrator or its designated  agent. The
      Executive's  beneficiary designation shall be deemed automatically revoked
      if the  Beneficiary  predeceases the Executive or if the Executive names a
      spouse as  Beneficiary  and the marriage is  subsequently  dissolved.  The
      Executive  shall  have the right to change a  Beneficiary  by  completing,
      signing  arid  otherwise  complying  with  the  terms  of the  Beneficiary
      Designation Form and the Plan Administrator's rules and procedures,  as in
      effect from time to time. Upon the acceptance by the Plan Administrator of
      a new Beneficiary Designation Form all Beneficiary designations previously
      filed shall be cancelled. The Plan Administrator shall be entitled to rely
      on the  last  Beneficiary  Designation  Form  filed by the  Executive  and
      accepted by the Plan Administrator prior to the Executive's death.

4.3   Acknowledgment.  No  designation or change in designation of a Beneficiary
      shall be effective until received, accepted and acknowledged in writing by
      the Plan Administrator or its designated agent.

4.4   No  Beneficiary  Designation.  If  the  Executive  dies  without  a  valid
      beneficiary designation, or if all designated Beneficiaries predecease the
      Executive,   then  the   Executive's   spouse  shall  be  the   designated
      Beneficiary.  If the Executive has no


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Two River Community Bank
Supplemental Executive Retirement Agreement
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      surviving   spouse,   the   benefits   shall  be  made  to  the   personal
      representative of the Executive's estate.

4.5   Facility of  Distribution.  If the Plan  Administrator  determines  in its
      discretion  that a benefit is to be  distributed  to a minor,  to a person
      declared incompetent, or to a person incapable of handling the disposition
      of that person's property,  the Plan Administrator may direct distribution
      of such benefit to the guardian, legal representative or person having the
      care or custody of such minor,  incompetent person or incapable person The
      Plan  Administrator  may  require  proof  of  incompetence,   minority  or
      guardianship  as it may  deem  appropriate  prior to  distribution  of the
      benefit.  Any  distribution  of a benefit shall be a distribution  for the
      account of the Executive and the Executive's Beneficiary,  as the case may
      be, and shall be a complete discharge of any liability under the Agreement
      for such distribution amount.

                                    Article 5
                               General Limitations

5.1   Termination for Cause.  Notwithstanding any provision of this Agreement to
      the con the Bank shall not  distribute any benefit under this Agreement if
      Executive's service is terminated by the Board for:

      (a)   Gross negligence or gross neglect of duties to the Bank; or

      (b)   Conviction  of a felony or of a gross  misdemeanor  involving  moral
            turpitude in connection with the Executive's  service with the Bank;
            or

      (c)   Fraud,  disloyalty,  dishonesty  or willful  violation of any Jaw or
            significant Bank policy committed in connection with the Executive's
            service and resulting in a material adverse effect on the Bank.

5.2   Suicide or Misstatement. No benefits shall be distributed if the Executive
      commits  suicide  within  two  years  after  the  Effective  Date  of this
      Agreement, or if an insurance company which issued a life insurance policy
      covering  the  Executive  and owned by the Bank  denies  coverage  (i) for
      material misstatements of fact made by the Executive on an application for
      such life insurance, or (ii) for any other reason; provided,  however that
      the Bank shall  evaluate  the reason for the  denial,  and upon  advice of
      legal counsel and in its sole discretion,  consider judicially challenging
      any denial.

5.3   Removal.  Notwithstanding any provision of this Agreement to the contrary,
      the Bank shall not  distribute  any benefit  under this  Agreement  if the
      Executive is subject to a final removal or prohibition  order issued by an
      appropriate federal banking agency pursuant to Section 8(e) of the Federal
      Deposit Insurance Act ("FDIA").

5.4   Non-Compete  Provision.  The Executive  shall forfeit any  non-distributed
      benefits under this Agreement if during the term of this Agreement and for
      within  twenty-four (24) months  following a Separation from Service,  the
      Executive,  directly  or  indirectly,  either  as  an  individual  or as a
      proprietor,  stockholder,  partner,  officer,  director,  employee, agent,
      consultant  or  independent  contractor  of any  individual,


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Two River Community Bank
Supplemental Executive Retirement Agreement
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      partnership,  corporation or other entity (excluding an ownership interest
      of three percent (3%) or less in the stock of a publicly-traded company):

            (i)   becomes employed by,  participates in, or becomes connected in
                  any  manner  with  the  ownership,  management,  operation  or
                  control  of any  bank,  savings  and  loan  or  other  similar
                  financial institution if the Executive's responsibilities will
                  include providing  banking or other financial  services within
                  the  twenty-five  (25) miles of any office  maintained  by the
                  Bank  as of  the  date  of  the  Executive's  Separation  from
                  Service;

            (ii)  participates  in any way in hiring or otherwise  engaging,  or
                  assisting  any other  person or entity in hiring or  otherwise
                  engaging,  on a temporary,  part- time or permanent basis, any
                  individual  who was in the  service of the Bank as of the date
                  of the Executive's Separation from Service;

            (iii) assists, advises, or serves in any capacity, representative or
                  otherwise,  any third party in any action  against the Bank or
                  transaction involving the Bank;

            (iv)  sells,  offers to sell,  provides  banking or other  financial
                  services,  assists  any other  person in selling or  providing
                  banking or other financial services,  or solicits or otherwise
                  competes  for,  either  directly  or  indirectly,  any orders,
                  contract, or accounts for services of a kind or nature like or
                  substantially  similar to the financial  services performed or
                  financial products sold by the Bank (the preceding hereinafter
                  referred  to as  "Services"),  to or from any person or entity
                  from whom the  Executive or the Bank,  to the knowledge of the
                  Executive provided banking or other financial services,  sold,
                  offered to sell or solicited orders, contracts or accounts for
                  Services during the three (3) year period immediately prior to
                  the Executive's Separation from Service;

            (v)   divulges,  discloses,  or communicates to others in any manner
                  whatsoever,  any confidential  information of the Bank, to the
                  knowledge of the Executive, including, but not limited to, the
                  names and addresses of customers or prospective customers,  of
                  the Bank,  as they may have existed from time to time, of work
                  performed or services  rendered for any  customer,  any method
                  and/or procedures relating to projects or other work developed
                  for the Bank,  earnings or other  information  concerning  the
                  Bank.  The  restrictions  contained in this  subparagraph  (v)
                  apply to all information regarding the Bank, regardless of the
                  source   who   provided   or   compiled   such    information.
                  Notwithstanding  anything  to the  contrary,  all  information
                  referred to herein shall not be disclosed  unless and until it
                  becomes  known to the general  public from sources  other than
                  the Executive.

      5.4.1 Judicial Remedies.  In the event of a breach or threatened breach by
            the Executive of any provision of these restrictions,  the Executive
            recognizes


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Two River Community Bank
Supplemental Executive Retirement Agreement
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            the  substantial  and  immediate  harm that a breach  or  threatened
            breach  will impose upon the Bank,  and further  recognizes  that in
            such event  monetary  damages may be inadequate to fully protect the
            Bank. Accordingly,  in the event of a breach or threatened breach of
            these restrictions, the Executive consents to the Bank's entitlement
            to  such   preliminary,   interlocutory,   temporary   or  permanent
            injunctive,  or any other  equitable  relief,  protecting  and fully
            enforcing the Bank's rights  hereunder and  preventing the Executive
            from further  breaching  any of his  obligations  set forth  herein.
            Nothing  herein  shall be  construed  as  prohibiting  the Bank from
            pursuing  any  other  remedies  available  to the  Bank at law or in
            equity for such breach or threatened breach,  including the recovery
            of damages from the Executive.  The Executive expressly acknowledges
            and agrees  that:  (i) the  restrictions  set forth in  Section  5.4
            hereof are reasonable, in terms of scope, duration, geographic area,
            and otherwise, (ii) the protections afforded the Bank in Section 5.4
            hereof are necessary to protect its  legitimate  business  interest,
            (iii) the  restrictions  set forth in Section 5.4 hereof will not be
            materially  adverse to the  Executive's  service with the Bank,  and
            (iv) his  agreement  to observe such  restrictions  forms a material
            part of the consideration for this Agreement.

      5.4.2 Overbreadth  of  Restrictive  Covenant.  It is the  intention of the
            parties  that  if any  restrictive  covenant  in this  Agreement  is
            determined by a court of competent  jurisdiction to be overly broad,
            then the court  should  enforce  such  restrictive  covenant  to the
            maximum  extent  permitted  under  the law as to area,  breadth  and
            duration.

      5.4.3 Change in Control. The non-compete provision detailed in Section 5.4
            hereof shall not be enforceable following a Change in Control.

                                    Article 6
                           Administration of Agreement

6.1   Plan Administrator  Duties. This Agreement shall be administered by a Plan
      Administrator  which  shall  consist of the Board,  or such  committee  or
      person(s) as the Board shall appoint.  The Plan  Administrator  shall also
      have the  discretion  and  authority  to (i) make,  amend,  interpret  and
      enforce all appropriate  rules and regulations for the  administration  of
      this Agreement and (ii) decide or resolve any and all questions  including
      interpretations  of this  Agreement,  as may arise in connection  with the
      Agreement.

6.2   Agents. In the  administration of this Agreement,  the Plan  Administrator
      may employ  agents and delegate to them such  administrative  duties as it
      sees fit, (including acting through a duly appointed representative),  and
      may from time to time consult with counsel who may be counsel to the Bank.

6.3   Binding  Effect  of  Decisions.   The  decision  or  action  of  the  Plan
      Administrator with respect to any question arising out of or in connection
      with the  administration,  interpretation and application of the Agreement
      and the rules and  regulations  promulgated  hereunder  shall be final and
      conclusive  and  binding  upon all  persons  having  any  interest  in the
      Agreement.


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6.4   Indemnity  of Plan  Administrator.  The  Bank  shall  indemnify  and  hold
      harmless the members of the Plan Administrator against any and all claims,
      losses,  damages,  expenses  or  liabilities  arising  from any  action or
      Failure  to act with  respect  to this  Agreement,  except  in the case of
      willful misconduct by the Plan Administrator or any of its members.

6.5   Bank  Information.  To  enable  the  Plan  Administrator  to  perform  its
      functions,  the Bank shall supply full and timely  information to the Plan
      Administrator on all matters relating to the date and circumstances of the
      retirement,   Disability,   death,  or  Separation  from  Service  of  the
      Executive,  and such other pertinent information as the Plan Administrator
      may reasonably require.

6.6   Annual Statement.  The Plan Administrator  shall provide to the Executive,
      within one hundred  twenty  (120) days after the end of each Plan Year,  a
      statement  setting  forth  the  benefits  to  be  distributed  under  this
      Agreement.

                                    Article 7
                           Claim and Review Procedures

7.1   Claims  Procedure.  An Executive or Beneficiary  ("claimant")  who has not
      received  benefits under the Agreement  that he or she believes  should be
      distributed shall make a claim for such benefits as follows:

      7.1.1 Initiation  -  Written  Claim.  The  claimant  initiates  a claim by
            submitting  to the  Plan  Administrator  a  written  claim  for  the
            benefits.

      7.1.2 Timing of Plan Administrator  Response. The Plan Administrator shall
            respond to such claimant  within 90 days after  receiving the claim,
            if the Plan  Administrator  determines  that  special  circumstances
            require   additional  time  for  processing  the  claim,   the  Plan
            Administrator  can extend the response  period by an  additional  90
            days by notifying  the claimant in writing,  prior to the end of the
            initial 90-day period,  that an additional  period is required.  The
            notice of extension must set forth the special circumstances and the
            date  by  which  (the  Plan  Administrator  expects  to  render  its
            decision.

      7.1.3 Notice of Decision.  If the Plan Administrator denies part or all of
            the claim,  the Plan  Administrator  shall  notify the  claimant  in
            writing  of such  denial.  The Plan  Administrator  shall  write the
            notification  in  a  manner  calculated  to  be  understood  by  the
            claimant. The notification shall set forth:

            (a)   The specific reasons for the denial;

            (b)   A reference to the  specific  provisions  of the  Agreement on
                  which the denial is based;

            (c)   A  description  of  any  additional  information  or  material
                  necessary  for  the  claimant  to  perfect  the  claim  and an
                  explanation of why it is needed;

            (d)   An explanation of the  Agreement's  review  procedures and the
                  time limits applicable to such procedures; and


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            (e)   A statement  of the  claimant's  right to bring a civil action
                  under  ERISA  Section  502(a)  following  an  adverse  benefit
                  determination on review.

7.2   Review  Procedure.  If the Plan  Administrator  denies  part or all of the
      claim,  the claimant shall have the opportunity for a full and fair review
      by the Plan Administrator of the denial, as follows:

      7.2.1 Initiation - Written Request.  To initiate the review, the claimant,
            within 60 days after  receiving the Plan  Administrator's  notice of
            denial,  must file with the Plan Administrator a written request for
            review.

      7.2.2 Additional Submissions - Information Access. The claimant shall then
            have the opportunity to submit written comments,  documents, records
            and other information  relating to the claim. The Plan Administrator
            shall also  provide the  claimant,  upon request and free of charge,
            reasonable  access to, and copies  of, all  documents,  records  and
            other   information   relevant  (as  defined  in  applicable   ERISA
            regulations) to the claimant's claim for benefits.

      7.2.3 Considerations  on  Review.  In  considering  the  review,  the Plan
            Administrator  shall take into account all materials and information
            the  claimant  submits  relating  to the  claim,  without  regard to
            whether such  information was submitted or considered in the initial
            benefit determination.

      7.2.4 Timing of Plan Administrator  Response. The Plan Administrator shall
            respond in writing to such claimant  within 60 days after  receiving
            the request for review.  If the Plan  Administrator  determines that
            special  circumstances  require  additional  time for processing the
            claim, the Plan  Administrator  can extend the response period by an
            additional  60 days by notifying  the claimant in writing,  prior to
            the end of the initial 60-day period,  that an additional  period is
            required.  The  notice  of  extension  must set  forth  the  special
            circumstances and the date by which the Plan  Administrator  expects
            to render its decision.

      7.2.5 Notice of Decision. The Plan Administrator shall notify the claimant
            in writing of its decision on review. The Plan  Administrator  shall
            write the  notification  in a manner  calculated to be understood by
            the claimant. The notification shall set forth:

            (a)   The specific reasons for the denial;

            (b)   A reference to the  specific  provisions  of the  Agreement on
                  which the denial is based;

            (c)   A statement  that the  claimant  is entitled to receive,  upon
                  request and free of charge,  reasonable  access to, and copies
                  of, all documents,  records and other information relevant (as
                  defined in applicable  ERISA  regulations)  to the  claimant's
                  claim for benefits; and

            (d)   A statement  of the  claimant's  right to bring a civil action
                  under ERISA Section 502(a).


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                                    Article 8
                           Amendments and Termination

8.1   Amendment.  This  Agreement  may be  amended  only by a written  agreement
      signed by the Bank and the Executive. Provided, however, that the Bank may
      amend this Agreement to conform with  legislative  requirements or written
      directives to the Bank from its banking regulators.

8.2   Termination.  This Agreement may be terminated only by a written agreement
      signed  by  the  Bank  and  the  Executive.  Upon  such  termination,  the
      applicable benefits under this Agreement shall be paid to the Executive in
      the form and at the earliest  possible time as specified in this Agreement
      and permitted under Section 409A of the Code and any applicable subsequent
      authority.

                                    Article 9
                                  Miscellaneous

9.1   Binding Effect.  This Agreement shall bind the Executive and the Bank, and
      their beneficiaries, survivors, executors, administrators and transferees.

9.2   No  Guarantee  of  Employment.  This  Agreement  is  not  a  contract  for
      employment.  It does not give the  Executive  the  right to  remain  as an
      employee  of the Bank,  nor does it  interfere  with the  Bank's  right to
      discharge the Executive.  It also does not require the Executive to remain
      an employee  nor  interfere  with the  Executives  right to separate  from
      service at any time.

9.3   Non-Transferability.   Benefits  under  this  Agreement  cannot  be  sold,
      transferred, assigned, pledged, attached or encumbered in any manner.

9.4   Tax Withholding. The Bank shall withhold any taxes that arc required to be
      withheld, under Section 409A of the Code and regulations thereunder,  from
      the benefits  provided under this  Agreement.  The Executive  acknowledges
      that the Bank's sole liability  regarding  taxes is to forward any amounts
      withheld to the appropriate taxing authority(ies).

9.5   Applicable  Law. The Agreement and all rights  hereunder shall be governed
      by the laws of the State of New Jersey,  except to the extent preempted by
      the laws of the United States of America.

9.6   Unfunded Arrangement.  The Executive and Beneficiary are general unsecured
      creditors  of the  Bank  for  the  distribution  of  benefits  under  this
      Agreement.  The  benefits  represent  the  mere  promise  by the  Bank  to
      distribute  such  benefits.  The rights to benefits are not subject in any
      manner to anticipation,  alienation, sale, transfer,  assignment,  pledge,
      encumbrance, attachment, or garnishment by creditors. Any insurance on the
      Executive's life or other informal funding asset is a general asset of the
      Bank to which the Executive and  Beneficiary  have no preferred or secured
      claim.


                                       10
<PAGE>

Two River Community Bank
Supplemental Executive Retirement Agreement
--------------------------------------------------------------------------------

9.7   Reorganization.  The Bank  shall  not  merge or  consolidate  into or with
      another bank, or reorganize,  or sell  substantially  all of its assets to
      another bank,  firm, or person unless such succeeding or continuing  bank,
      firm, or person agrees to assume and discharge the obligations of the Bank
      under this Agreement.  Upon the occurrence of such event,  the term "Bank"
      as used in this  Agreement  shall be deemed to refer to the  successor  or
      survivor bank.

9.8   Entire Agreement.  This Agreement constitutes the entire agreement between
      the Bank and the Executive as to the subject matter hereof.  No rights are
      granted  to the  Executive  by virtue of this  Agreement  other than those
      specifically set forth herein.

9.9   Notice. Any notice or filing required or permitted to be given to the Bank
      or Plan  Administrator  under this  Agreement  shall be  sufficient  if in
      writing and  hand-delivered,  or sent by registered or certified  mail, to
      the address below:

                       ---------------------------------
                        Two River Community Bank
                       ---------------------------------
                        Attn: H.R. Department
                       ---------------------------------
                        1250 Highway 35 South
                       ---------------------------------
                        Middletown, New Jersey 07748
                       ---------------------------------

      Such  notice  shall be  deemed  given as of the date of  delivery  or,  if
      delivery  is made by mail,  as of the date  shown on the  postmark  on the
      receipt for registration or certification.

      Any notice or filing  required or permitted  to be given to the  Executive
      under this Agreement shall be sufficient if in writing and hand-delivered,
      or sent by mail, to the last known address of the Executive.

      IN WITNESS WHEREOF, the Executive and a duly authorized  representative of
the Bank have signed this Agreement.

EXECUTIVE:                                 BANK:
                                           TWO RIVER COMMUNITY BANK


/s/ Antha Stephens                         By: /s/ Charles T. Parton
-------------------------                      --------------------------------
Antha Stephens
                                           Title: Chairman, Board of Directors
                                                  -----------------------------


                                       11
<PAGE>

                                   SCHEDULE A
                            TWO RIVER COMMUNITY BANK
                SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT

                                 Antha Stephens

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------
                                                                                                Pre-
                                                                           Change in         Retirement
                                                                            Control           Lump Sum
                              Early Termination         Disability           Annual            Death
   Date              Age      Annual Benefit(1)         Benefit(2)         Benefit(1)         Benefit
---------------------------------------------------------------------------------------------------------
<S>                  <C>            <C>                   <C>               <C>               <C>
12/31/2005           48               $902                $2,643            $13,046           $125,477
---------------------------------------------------------------------------------------------------------
12/31/2006           49              $1,731               $4,755            $13,568           $130,496
---------------------------------------------------------------------------------------------------------
12/31/2007           50              $2,616               $6,734            $14,110           $135,716
---------------------------------------------------------------------------------------------------------
12/31/2008           51              $3,561               $8,589            $14,675           $141,144
---------------------------------------------------------------------------------------------------------
12/31/2009           52              $4,568               $10,327           $15,262           $146,790
---------------------------------------------------------------------------------------------------------
12/31/2010           53              $5,643               $11,956           $15,872           $152,662
---------------------------------------------------------------------------------------------------------
12/31/2011           54              $6,790               $13,484           $16,507           $158,768
---------------------------------------------------------------------------------------------------------
12/31/2012           55              $8,013               $14,915           $17,167           $165,119
---------------------------------------------------------------------------------------------------------
12/31/2013           56              $9,319               $16,256           $17,854           $171,724
---------------------------------------------------------------------------------------------------------
12/31/2014           57             $10,712               $17,513           $18,568           $178,593
---------------------------------------------------------------------------------------------------------
12/31/2015           58             $12,199               $18,692           $19,311           $185,736
---------------------------------------------------------------------------------------------------------
12/31/2016           59             $13,785               $19,796           $20,083           $193,166
---------------------------------------------------------------------------------------------------------
12/31/2017           60             $15,477               $20,831           $20,887           $200,892
---------------------------------------------------------------------------------------------------------
12/31/2018           61             $17,282               $21,801           $21,722           $208,928
---------------------------------------------------------------------------------------------------------
12/31/2019           62             $19,209               $22,710           $22,591           $217,285
---------------------------------------------------------------------------------------------------------
12/31/2020           63             $21,264               $23,562           $23,495           $225,977
---------------------------------------------------------------------------------------------------------
12/31/2021           64             $23,457               $24,361           $24,435           $235,016
---------------------------------------------------------------------------------------------------------
12/31/2022(3)        65             $25,000               $25,000           $25,000           $240,455
---------------------------------------------------------------------------------------------------------
</TABLE>

----------
(1) Payments are made in 180 equal  monthly  installments  commencing  within 30
days  following  Separation  from  Service.  Refer  to  Section  2.2  for  Early
Termination and Section 2.4 for Change in Control.

(2) Payments are made in 180 equal  monthly  installments  commencing  at Normal
Retirement Age. Refer to Section 2.3 for Disability.

(3) This is the date when the Executive reached Normal Retirement Age.


                                       12