Document:

EXHIBIT 10.7

                               SERVICES AGREEMENT

BISYS, INC.                                             Contract No.    CH-1901
11 Greenway Plaza                                                       -------
Houston, TX  77046-1102                               Price List No.      D4-98
                                                                        -------

Client         Monmouth Community Bank
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Address        P.O. Box 630
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City           Long Branch     State    New Jersey   Zip Code    07740-0630
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1. SCOPE OF AGREEMENT

Client agrees to convert to the BISYS system  (defined in Paragraph  2(C) below)
and  BISYS,  Inc.  ("BISYS")  shall  provide  Client,  in  accordance  with this
Agreement,  the services selected by Client from BISYS' then applicable Standard
Services Price List and/or Special Services Price List (collectively, the "Price
Lists") (collectively the "Services"). BISYS shall provide the reports listed on
the Standard Reports List and Special Reports List as applicable to the Services
selected by Client.  The current Price Lists are attached hereto and made a part
hereof.

2. TERM OF AGREEMENT

A.   The initial term of this  Agreement  shall commence the date this Agreement
     is executed by both  parties and end sixty full  calendar  months after the
     "Conversion Date" (as defined in Paragraph 4(B)) (the "Initial Period").

B.   The Agreement  shall  automatically  continue  after the Initial Period for
     subsequent  consecutive  Terms of three  years each  unless and until it is
     terminated by either party upon written  notice to the other given at least
     180 days prior to the end of the  Initial  Period or any  additional  three
     year period.

C.   If Client has given  BISYS  notice  pursuant to  Paragraph  2(B) and Client
     intends  to  deconvert  from  the  BISYS  data  processing  system  ("BISYS
     System"), Client may, upon written notice to BISYS given at any time during
     the final 120 days of this Agreement (as determined in accordance with 2(B)
     above) or any extension hereof pursuant to this Paragraph 2(C),  extend the
     termination date to the date indicated in such notice, which date shall not
     be,  in any  event,  less  than 120  days  after  the date of such  notice.
     Commencing  at the end of the  Initial  Period or any  renewal  period  (as
     applicable),  Client  shall pay for Services at the prices set forth in the
     then  current  BISYS Price Lists  notwithstanding  the giving of  extension
     notice.

D.   Continuing  obligations  under this  Agreement are those relating to "BISYS
     Products" (defined in Paragraph 10(A)); "Confidential Information" (defined
     in Paragraph  10(F)) and "Client Files"  (defined in Paragraph  8(A)),  and
     such  continuing   obligations   shall  survive  any  termination  of  this
     Agreement.

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3.   CHARGES

A.   Each month commencing  Conversion Date, whether or not Client actually uses
     any Services  during each month,  Client shall pay a minimum monthly charge
     equal to the greater of (i) $5,000.00; (ii) BISYS' charges for the Services
     actually  used by  Client  during  such  month;  (iii)  80% of the  charges
     invoiced to Client during the immediately  preceding  month; or (iv) 80% of
     the charges  invoiced  to Client for the month  immediately  preceding  any
     deconversion by Client if Client deconverts from the BISYS System.

B.   The initial charges for the Services are specified in the Price Lists,  and
     shall be recorded  by the BISYS  System or by any other means used by BISYS
     of determining  Client's usage.  The charges for the Services listed on the
     Standard  Services  Price List as of the date hereof will not be changed by
     BISYS until the  expiration of the first year  following  Conversion  Date.
     Thereafter,  during the remaining term of the Initial  Period,  the charges
     for the Services listed on the Standard  Services Price List may be changed
     by BISYS at any time  and  from  time to time  upon at least 90 days  prior
     written notice to Client.  During the Initial  Period,  the charges for the
     Services  listed on the Special  Services  Price List as of the date hereof
     may be changed by BISYS at any time after the date  hereof upon at least 90
     days prior written notice to Client.  After the Initial Period, the charges
     for the Services listed on the Price Lists shall automatically, and without
     notice, be changed to BISYS' standard  (non-discounted) list prices then in
     effect for the respective Services; such prices may, thereafter, be changed
     by BISYS,  at any time and from time to time,  upon at least 90 days  prior
     written notice to Client.

C.   There  shall be added to all  charges  for the  Services  furnished  Client
     hereunder  amounts  equal to any  applicable  taxes levied or based on such
     Services, exclusive of taxes based on BISYS' income.

D.   No later than the 5th day of each calendar month,  BISYS shall invoice (the
     "Monthly  Invoice")  Client:  (i) for all Services  projected to be used by
     Client during that billing month (the "Billing Month") which charge will be
     based upon  either  actual  usage and number of  accounts  during the month
     prior to the Billing  Month or the  minimum  charge  pursuant to  Paragraph
     3(A);  (ii) an amount equal to 100% of the recurring  pass through  charges
     actually  utilized by Client during the prior month as the  estimated  pass
     through charge for the Billing Month; (iii) adjustments (debits/credits) to
     the prior  month's  estimated  charges set forth in (i) and (ii) above and;
     (iv) all other charges  incurred by Client during the prior month.  For the
     projected portion of the invoice,  the first Monthly Invoice shall be based
     upon BISYS'  estimates  of usage and shall also include for the prior month
     (during which the Conversion  Date occurred) a full month's  charges unless
     the  Conversion  Date is after the 15th of the prior month,  in which event
     Client  shall be assessed  one-half  month's  charges for the prior  month.
     Client  agrees to pay all  amounts  set  forth in the  Monthly  Invoice  by
     automatic debit by BISYS on the last business day of the Billing Month from
     a Client bank account established for this purpose (the "Payment Account").
     Client agrees to execute any and all required documentation to enable BISYS
     to perform such automatic debiting of the Payment Account.  If Client fails
     to pay any amounts due under this Agreement, Client shall, upon demand, pay
     interest  at the rate of

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     1-1/2%  per  month,  but in no event more than the  highest  interest  rate
     allowable, on such delinquent amounts from their due date until the date of
     payment.  Client agrees to reimburse  BISYS for any and all expenses  BISYS
     may incur, including reasonable attorneys fees, in taking action to collect
     any  amounts  due BISYS  hereunder.  All  amounts due must be paid prior to
     Client's deconversion from the BISYS system.

4.   CONVERSION TO THE SERVICES

A.   BISYS shall,  to the extent  applicable,  convert  machine  readable Client
     Files to make them compatible with the Services selected by Client from the
     Standard  Services  Price List.  Client agrees to cooperate  with BISYS and
     provide all  necessary  information  and  assistance  required for BISYS to
     successfully convert such Client Files. Client will assign a liaison person
     to assist and cooperate with applicable in such conversion.

B.   BISYS shall determine in accordance with its normal  acceptance  procedures
     when the applicable Client Files have been successfully  converted and when
     the Services  selected by Client from the Standard  Services Price List are
     operational  and  available  for  Client's  use.  The date the first of the
     Services  selected  by Client  from the  Standard  Services  Price  List is
     operational and available for Client's use is the "Conversion Date."

5.   AVAILABILITY OF THE SERVICES

A.   Hours for accessing on an on-line basis ("On-Line Hours") at the BISYS data
     center  providing  Services to Client ("Data Center") are 7:00 A.M. to 9:00
     P.M.  Monday through Friday and 7:00 A.M. to 5:00 P.M.  Saturday and Sunday
     (Data Center time)  exclusive of BISYS  holidays  (New Years Day,  Memorial
     Day,  Independence  Day, Labor Day,  Thanksgiving Day and Christmas Day). A
     particular  Service may also be available at other than On-Line  Hours;  in
     which event Client may, at its option and subject to any additional charges
     therefor, use that Service at such other times.

B.   BISYS  will make every  reasonable  effort to have the  Services  available
     during the On-Line Hours. However, BISYS cannot and does not guarantee such
     availability.  Accordingly,  Client's  remedy and BISYS sole  liability  to
     Client or any third party for BISYS'  claims,  notwithstanding  the form of
     such claims (e.g., contract,  negligence, or otherwise), arising out of (i)
     the unavailability of the BISYS System or (ii) the interruption in or delay
     of the Services provided or to be provided by BISYS hereunder, shall be for
     BISYS to use all  reasonable  efforts  to make the BISYS  System  available
     and/or to resume the Services as promptly as reasonably practicable.

C.   Client  shall,   at  it's  expense,   be  responsible  for  delivering  and
     transmitting  to and from Client's  offices,  the offices of the applicable
     regulatory authorities and any other location authorized by Client, and the
     Data  Center all data and  information  necessary  for BISYS to furnish the
     Services to Client.

6.   USE OF THE SERVICES

A.   Client is exclusively  responsible for the consequences of its own actions;
     for any instructions it gives BISYS; for its failure to access the Services
     in the manner  prescribed

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     by BISYS, and for its failure to supply accurate input information.  Client
     is  responsible  for  auditing,  balancing,  verifying the  correctness  of
     calculation routines (such as interest and service charges) and reconciling
     any out-of-balance  condition, and for notifying BISYS of any errors in the
     foregoing  within  fifteen  business  days after  receipt of the  incorrect
     information.  Client's  remedy and BISYS' sole  liability  to Client or any
     third party for any claims,  notwithstanding the form of such claims (e.g.,
     contract,  negligence or otherwise),  arising out of errors or omissions in
     the Services  provided or to be provided by BISYS  hereunder  and caused by
     BISYS shall be for BISYS to furnish the  correct  report  and/or to correct
     the applicable  Client Files,  provided that Client promptly  advises BISYS
     thereof.

B.   Client  shall  use  the  Services  in  accordance   with  such   reasonable
     instructions  as may be established by BISYS from time to time as set forth
     in any written materials furnished by BISYS to Client.

C.   Except as otherwise  permitted by BISYS,  Client will use the Services only
     for its own  internal  and proper  business  purposes  and will not sell or
     otherwise  provide,  directly  or  indirectly,  any of the  Services or any
     portion thereof to any third party.

D.   Client shall not make any alteration,  change or modification to any of the
     computer programs, data bases and/or BISYS supported files used by BISYS in
     connection with providing the Services to Client hereunder,  without BISYS'
     prior written consent in each instance.

E.   BISYS shall give Client  written  notice of any BISYS  system  change which
     materially  affects  Client.  Nothing herein shall preclude or limit BISYS'
     ability to make changes to its data processing system.

7.   COMMUNICATION LINES AND EQUIPMENT.

A.   BISYS shall  order,  on Client's  behalf and with  Client's  approval,  the
     installation of appropriate telephone lines and communications equipment to
     enable Client to access the Services. Client shall pay all charges relating
     to the  installation  and use of such  telephone  lines and  communications
     equipment.

B.   BISYS  shall  not  be  responsible  for  the   reliability,   or  continued
     availability,  of  telephone  lines and  communications  equipment  used by
     Client in accessing the Services.

8.   FILE SECURITY AND RETENTION.

A.   Any Client data bases and files or other information  provided by Client to
     BISYS for use with the  Services  (the  "Client  Files")  shall  remain the
     confidential  property of Client.  BISYS will provide  reasonable  security
     provisions  to insure  that third  parties do not have access to the Client
     Files.  BISYS  reserves  the  right to issue  and  change  regulations  and
     procedures from time to time to improve file security.  BISYS will instruct
     its  employees  having  access  to  the  Client  files  to  keep  the  same
     confidential  by using the same care and  discretion  that  BISYS uses with
     respect to its own confidential property.

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B.   BISYS  will  take  reasonable  precautions  to  prevent  the  loss  of,  or
     alteration to, Client Files,  but BISYS cannot  guarantee  against any such
     loss  or  alteration.  Accordingly,  Client  will,  to  the  extent  deemed
     necessary by Client,  keep copies of all source  documents  of  information
     delivered  to BISYS and will  maintain a  procedure  external  to the BISYS
     System  for  the  reconstruction  of  lost  or  altered  Client  Files.  In
     connection  with the foregoing,  it is understood  that Client shall assume
     and be responsible  for risk of loss and/or damage to documents and records
     while they are in transit to and from the Data Center.

C.   During the term of this  Agreement,  BISYS will retain the Client  Files in
     accordance  with,  and to the extent  provided  by BISYS'  then  prevailing
     records  retention  policies  for  the  Services,  which  policies  will be
     consistent with guidelines covering the Services established by appropriate
     regulatory  authorities.  BISYS will,  upon the expiration of any retention
     period  for Client  Files  dispose  of Client  Files in any  manner  deemed
     appropriate  by BISYS unless Client,  prior to such disposal,  furnishes to
     BISYS  written  instructions  for the  disposition  of such Client Files at
     Client's  expense.  Client  shall pay for the  provision of Client Files to
     Client at BISYS'  standard  rates for such services and BISYS shall provide
     such  Client  Files  provided  that  BISYS has been  paid for all  Services
     provided  hereunder  through  the date  such  requested  Client  Files  are
     returned to Client.

D.   BISYS  has  a  written  Disaster  Recovery  Plan   establishing   emergency
     procedures,   including   off-premises   backup  facility.   In  connection
     therewith,  BISYS has  prepared a Disaster  Recovery  Manual.  The Disaster
     Recovery Plan and Disaster Recovery Manual are available at the Data Center
     for examination by bank auditors and examiners and, as they may be modified
     from  time to  time,  will  remain  in  existence  during  the term of this
     Agreement.   BISYS  shall  provide  Client,  upon  written  request,   with
     information  necessary  for Client to develop a disaster  contingency  plan
     which will work in concert with BISYS' Disaster Recovery Plan.

9.   DUTIES UPON TERMINATION; RETURN OF RECORDS

A.   Upon the  termination of this Agreement for any reason,  BISYS will dispose
     of all  Client  Files  still  in the  BISYS  System  in any  manner  deemed
     appropriate  by BISYS  unless  Client,  not later  than 30 days  after such
     termination, furnishes to BISYS written instructions for the disposition of
     such Client Files at Client's expense as set forth in Paragraph 9(B).

B.   At Client's  request as set forth in Paragraph 9(A), BISYS shall deliver to
     Client  all of the Client  Files  then  retained  by BISYS  including  file
     layouts  and  their  description  in BISYS  format  and  shall  provide  in
     accordance  with BISYS  deconversion  policies,  reasonable  and  necessary
     assistance  with the  deconversion  from the BISYS  System  to a  non-BISYS
     system ("Deconversion"). Client shall pay BISYS for Deconversion assistance
     in accordance with BISYS' then current Deconversion rate schedule.  Payment
     for Deconversion  together with all other payments which are due, and which
     will become due pursuant to the provisions of this Agreement  shall be paid
     to BISYS prior to delivery of such Client Files.

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C.   Client files returned to Client shall be in a standard BISYS format.

10.  OWNERSHIP,  USE  AND  CONFIDENTIALITY;   BISYS  PRODUCTS  AND  CONFIDENTIAL
     INFORMATION

A.   All computer programs and related documentation made available, directly or
     indirectly,  by  BISYS  to  Client  as part  of the  Services  (the  "BISYS
     Products")  are the  exclusive  and  confidential  property of BISYS or the
     third  parties  from whom BISYS has secured the right to use such  computer
     programs and documentation.

B.   A  personal,  non-exclusive,  non-transferable  right and  license is being
     granted Client to use, during the term of this Agreement,  any applications
     software   programs  included  in  the  BISYS  Products  (the  "Application
     Programs") which are delivered to Client as part of the Services solely for
     Client's  own  business  usage.  Client  shall not have any interest in the
     Applications Programs except for this limited license.

C.   Client shall  receive all  improvements,  enhancements,  modifications  and
     updates to any Applications  Programs which are delivered to Client as part
     of the  Services  if,  and as,  made  available  by  BISYS  to its  clients
     generally. All such improvements,  enhancements,  modifications and updates
     shall be delivered to Client in the form of a computer  media,  which media
     shall be provided to Client by BISYS and shall be installed  by Client.  If
     Client  fails to install any such media  within 45 days of its receipt from
     BISYS,  BISYS  shall have no further  obligation  to  provide  Client  with
     improvements,  enhancements,  modifications  or updates to such Application
     Programs.

D.   Client  acknowledges that it shall be deemed a sublicensee of BISYS for any
     systems  software  programs  included in the BISYS  Products  (the "Systems
     Programs")  which are delivered to Client as part of the  Services.  Client
     accepts a  sublicense  from BISYS of the  Systems  Programs  on a personal,
     non-exclusive,  non-transferable  basis  with the right to use,  during the
     term of this Agreement, such Systems Programs solely in connection with the
     Services.

E.   Client shall not copy, in whole or in part,  any BISYS  Products or related
     documentation,  whether in the form of  computer  media,  printed or in any
     other form. Client shall not make any alteration, change or modification to
     any BISYS Products.

F.   Client shall treat as confidential  and will not disclose or otherwise make
     available  any of the  BISYS  Products  or any  trade  secrets,  processes,
     proprietary data,  information or documentation  related thereto including,
     without  limitation,  any  flow  charts,  logic  diagrams  or  source  code
     (collectively the "Confidential  Information"),  in any form, to any person
     other than  employees of Client.  Client will  instruct its  employees  and
     agents  who  have  access  to  the  BISYS  Products  and  the  Confidential
     Information  to keep  the same  confidential  by  using  the same  care and
     discretion that Client uses with respect to its own  confidential  property
     and trade secrets.  Upon the  termination of this Agreement for any reason,
     Client shall  return to BISYS any and all copies of the BISYS  Products and
     the Confidential Information which are in its possession.

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11.  GOVERNMENTAL AGENCIES.

A.   Client shall  provide all required  notices to the  appropriate  regulatory
     authorities concerning the initiation or termination of this Agreement,  or
     of any substantial changes in the Services being provided to Client.  BISYS
     agrees  that  any and all  Client  Files  maintained  by it for the  Client
     pursuant  to this  Agreement  shall  be  available  for  inspection  by the
     appropriate  regulatory  authorities  and  Client's  internal  auditors and
     independent  public  accountants,  upon prior written notice to BISYS.  All
     costs  incurred  by  BISYS  in the  preparation  of  data  for  inspection,
     examination  or audit  will be charged  to Client at BISYS'  then  standard
     rates for such services.

B.   BISYS shall provide annually to the appropriate  regulatory authorities any
     Third Party Review Reports prepared by independent  public accountants with
     respect to the Services performed by BISYS at the Data Center and copies of
     BISYS' audited financial statements. By entering into this Agreement, BISYS
     agrees that it extends to the Office of Thrift Supervision  ("OTS") and the
     New Jersey Department of Banking the same authority and  responsibility (as
     applicable to Client) provided to the other regulatory agencies pursuant to
     the Bank Services  Corporation Act, 12 U.S.C.  1867(C) relating to services
     performed by contract or otherwise.

C.   If after the date hereof any modification to the services shall be required
     by law or by any governmental regulatory authority,  BISYS shall, except to
     the extent such changes may be beyond the capability of the BISYS System to
     implement, conform the Services to be in compliance with such modified laws
     or governmental  regulations.  BISYS may, at its  discretion,  pass on , in
     whole or in  part,  on an  equitable  basis  to all  users of the  Services
     (including  Client)  affected  by any such  modification  the actual  costs
     incurred by BISYS in making any such modification to the Services.

12.  WARRANTY

A.   BISYS represents and warrants that the Services will conform  materially to
     their design  specifications  and user  documentation  which may be changed
     from time to time.  This  warranty  shall not extend to any of the computer
     programs,  data  bases  and/or  BISYS  supported  files  used by  BISYS  in
     connection with providing the Services to Client  hereunder which have been
     altered,  changed or  modified  in any way,  without  BISYS  prior  written
     consent in each instance.

B.   EXCEPT AS SPECIFICALLY PROVIDED HEREIN, THERE ARE NO WARRANTIES, EXPRESS OR
     IMPLIED,   INCLUDING,  BUT  NOT  LIMITED  TO,  ANY  IMPLIED  WARRANTIES  OR
     MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

13.  LIMITATION OF LIABILITY

A.   The  remedies  specified in this  Agreement  constitute  Client's  sole and
     exclusive remedies in the event of any alleged defaults by BISYS under this
     Agreement.  BISYS'  sole  liability,  if  any,  for  damages  (monetary  or
     otherwise)  resulting from claims made by Client or any third party arising
     from or related to any and all causes not covered by the

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 foregoing remedies
     shall be limited to the lesser of (i) the amount of actual damages incurred
     by Client or (ii) an amount  which  shall not  exceed the  charges  paid by
     Client during the six (6) month period immediately preceding the event from
     which such liability  arose for the Services  performed  which gave rise to
     the claim.

B.   IN NO EVENT WILL BISYS BE RESPONSIBLE FOR SPECIAL, INDIRECT,  INCIDENTAL OR
     CONSEQUENTIAL  DAMAGES  WHICH CLIENT MAY INCUR OR  EXPERIENCE ON ACCOUNT OF
     ENTERING INTO OR RELYING ON THIS AGREEMENT,  EVEN IF BISYS HAS BEEN ADVISED
     OF THE POSSIBILITY OF SUCH DAMAGES.

14.  PATENT AND COPYRIGHT INDEMNIFICATION.

     BISYS will hold Client  harmless  and, at its own expense,  will defend any
     action  brought  against  Client  based on a claim that the  Services  used
     within  the scope of this  Agreement  infringe  a United  States  patent or
     copyright  provided Client notifies BISYS promptly in writing of the claim,
     BISYS has sole  control of the  defense of the action and all  negotiations
     for its settlement or compromise,  and Client  cooperates with BISYS in the
     defense of the  action.  In the event any of the  Services  becomes,  or in
     BISYS' opinion is likely to become,  the subject of a claim of infringement
     of patent or copyright, BISYS, at its option, may (i) secure for Client the
     right to  continue  using such  Service(s),  (ii)  replace  or modify  such
     Services  to make it or them  non-infringing,  (iii)  cease  providing  the
     affected   Service(s)  or  (iv)  if  none  of  the  foregoing   options  is
     commercially  reasonable,  in BISYS' opinion,  terminate this Agreement. If
     BISYS  exercises its option  hereunder to terminate  this  Agreement,  such
     termination shall be at no penalty to BISYS except that BISYS shall provide
     the  Deconversion  assistance  described in Paragraph  9(B) at no charge to
     Client.

15.  INSURANCE.

     BISYS shall  maintain,  during the term of this  Agreement,  $10,000,000 of
     coverage  under a Blanket Crime Policy  covering  fraudulent  and dishonest
     acts committed by its employees for which it is legally responsible.  BISYS
     shall maintain,  on its own behalf,  insurance coverage for loss from fire,
     disaster,  or other causes contributing to interruption of normal services.
     Client, at its own expense,  will maintain all insurance and fidelity bonds
     required by the applicable regulatory authorities.

16.  DEFAULT; REMEDIES UPON DEFAULT.

A.   Any of the following events will constitute an "Event of Default" under the
     Agreement: (i) non-payment of any amounts due hereunder to BISYS by Client;
     (ii)   non-performance   of  any  of  Client's  or  BISYS'  other  material
     obligations hereunder; (iii) if any representation or warranty of Client or
     BISYS is materially breached;  (iv) if Client or BISYS files a petition for
     bankruptcy  or becomes the subject of an  involuntary  bankruptcy  petition
     which is not vacated within 60 days of filing, or becomes insolvent; or (v)
     if any substantial  part of Client's or BISYS' property  becomes subject to
     any levy, seizure,  assignment,  application or sale for or by any creditor
     or governmental agency.

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B.   Upon   occurrence  of  an  Event  of  Default  under  the  Agreement,   the
     non-defaulting party may, at its option,  terminate this Agreement provided
     at least 30 days (or longer  period as may be  required  by the  applicable
     regulatory  authorities)  prior written  notice has been given to the other
     and  such  default  has not  been  cured  within  such  period.  Upon  such
     termination  by BISYS,  BISYS may declare all amounts due and to become due
     hereunder  immediately  due and  payable.  The  remedies  contained in this
     Paragraph  16 are  cumulative  and in  addition  to all  other  rights  and
     remedies  available to the parties under this  Agreement or by operation of
     law or otherwise.

17.  FORCE MAJEURE

     BISYS  shall not be liable  or  deemed  to be in  default  for any delay or
     failure to perform under this  Agreement for  interruption  of the Services
     resulting,  directly or indirectly, from any cause beyond BISYS' reasonable
     control.

18.  GENERAL

A.   BISYS will provide Client upon written request,  copies of The BISYS Group,
     Inc.'s (BISYS' parent corporation)current audited financial statements.

B.   Client  acknowledges  that it has not  been  induced  to  enter  into  this
     Agreement  by  any  representation  or  warranty  not  set  forth  in  this
     Agreement. This Agreement contains the entire agreement of the parties with
     respect to its subject matter and  supersedes  all existing  agreements and
     all other oral, written or other communications between them concerning its
     subject matter. This Agreement shall not be modified in any way except by a
     writing signed by both parties.

C.   The failure by either party hereto to insist upon strict performance of any
     of the provisions contained herein shall in no way constitute waiver of its
     rights as set forth herein,  at law or equity,  or a waiver by either party
     of any other  provisions  or  subsequent  default by the other party in the
     performance or of compliance with any of the terms and conditions set forth
     herein.

D.   This  Agreement may not be assigned by either  party,  in whole or in part,
     without the prior  written  consent of the other which consent shall be not
     be unreasonably  withheld.  It shall not be deemed an assignment  requiring
     consent if the stock of either is sold,  or all, or  substantially  all, of
     the  assets  are sold so long as such sale does not  materially  negatively
     affect the basis of the  financial  bargain  upon which this  Agreement  is
     based as of the date  hereof and such sale does not  materially  negatively
     affect the provision of the Services hereunder. If there is such a negative
     impact,  then the sale shall be deemed an assignment  requiring  consent as
     set forth above.  This  Agreement  shall be binding upon and share inure to
     the  benefit  of BISYS and  Client  and  their  respective  successors  and
     permitted assigns.

E.   If any provision of this  Agreement (or any portion  thereof) shall be held
     to  be  invalid,  illegal  or  unenforceable,  the  validity,  legality  or
     enforceability  of the remainder of this Agreement  shall not in any way be
     affected or impaired thereby.

<PAGE>

                                       9

F.   The headings in this  Agreement are intended for  convenience  of reference
     and shall not affect its interpretation.

G.   The  individuals  executing this Agreement on behalf of BISYS and Client do
     each hereby  represent  and warrant  that they are duly  authorized  by all
     necessary  action to execute this  Agreement on behalf of their  respective
     principals.

H.   Client  acknowledges  that a breach of any of its  obligations  under  this
     Agreement   relating  to  the  BISYS  Products   and/or  the   Confidential
     Information  will cause BISYS  irreparable  injury and damage and therefore
     may be enjoined  through  injunctive  proceedings  in addition to any other
     rights or remedies which may be available to BISYS, at law or in equity and
     BISYS  grants  Client  the same  rights  with  respect to a breach of BISYS
     obligations relating to the confidentiality of Client Files.

I.   During the term of this Agreement,  neither party hereto shall, directly or
     indirectly,  solicit  or  encourage  to leave,  any  employee  of the other
     without prior  written  consent,  which  consent shall not be  unreasonably
     withheld.

BISYS, INC.                                 MONMOUTH COMMUNITY BANK

Agreed to:   /s/ W.W. Neville              Agreed to:  /s/ Richard O. Lindsey
           ----------------------------               --------------------------

Title:  President      Date:  4/27/98      Title:  President      Date:  4/27/98
        --------------        ---------            --------------        -------

--------------------------------------------------------------------------------
THIS AGREEMENT SHALL BECOME  EFFECTIVE UPON BEING SIGNED BY AUTHORIZED  OFFICERS
OF BISYS AND CLIENT. BISYS' MARKETING  REPRESENTATIVES DO NOT HAVE THE AUTHORITY
TO BIND BISYS.
--------------------------------------------------------------------------------

                                       10
<PAGE>

                   ADDENDUM TO SERVICES AGREEMENT NO. CH-1901

                     SERVICES AGREEMENT DATED AS OF 4-27-98

Reference is made to the above Services  Agreement  between the undersigned (the
"Agreement") to which this Addendum is attached and made a part thereof.

The Agreement is hereby amended and supplemented as follows:

1.   Except as expressly amended and supplemented  hereby,  all terms defined in
     the Agreement shall have the same meanings when used herein.

2.   Term of Agreement.
     ------------------

2.1  Notwithstanding anything to the contrary, if at any time during the Initial
     Period or any subsequent  renewal period,  all of the outstanding  stock or
     all or  substantially  all of the assets of BISYS,  Inc. is sold to a third
     party so that there is a change of control, and Client is required by BISYS
     and/or its successors and assigns to convert from the BISYS  TOTALPLUS+(TM)
     System to another  account  data  processing  system,  and  Client,  at its
     option,  may elect to terminate this Agreement upon at least 180 days prior
     written notice and such termination shall be effective provided that:

     (a)  Client provides written notice of its intention to terminate  pursuant
          to this  Paragraph  not later than 180 days after it  receives  notice
          from BISYS of the deconversion from the TOTALPLUS+ System; and

     (b)  The effective  date of termination  and Client's date of  deconversion
          from the BISYS  System in Client's  written  notice  shall not be less
          than 180 days or more than 210 days after the date of such notice; and

     (c)  Client  pays BISYS for all  Services  provided  by BISYS  through  the
          effective date of termination, including all pass-through charges; and

     (d)  Client pays BISYS for all  Deconversion  assistance in accordance with
          Paragraph 9(B) of the Agreement; and

     (e)  All payments must be made prior to delivery of Client Files.

3.   Charges.
     --------

     3.1  Paragraph  3(D) of the  Agreement is amended by deleting the third and
          fourth sentences of the paragraph.

     3.2  Paragraph 3 of the Agreement is amended by inserting the following new
          paragraphs after Paragraph 3(D):

BISYS/Monmouth Addendum, Page 1

<PAGE>

E.   For purposes of this  Agreement  and Addendum,  the  following  definitions
     shall apply:

(1)  "Exhibit A Services" shall mean the Services identified on attached Exhibit
     A (both the Standard  Services and Special  Services  listed on Exhibit A).
     The parties agree that included in the definition of Exhibit A Services are
     Client usage of any  features  associated  with the Services  listed on the
     Standard  Services portion of Exhibit A which features are in existence and
     available to Client as of the date of this Addendum.  Neither features, nor
     Services,  listed on the  Price  Lists as of the date  hereof,  but not set
     forth on Exhibit A shall be deemed to be part of the Exhibit A Services and
     such other Services and/or features shall be billed to Client in accordance
     with the  provisions of Paragraph  3(g) below.  The parties also agree that
     Exhibit  A  Services  are  recurring   Services  and  do  not  include  any
     installation charges,  training charges, one-time license fees or any other
     one-time charges.

(2)  "One Year  Period(s)"  shall mean each twelve (12) month period  commencing
     the first day of the first full calendar  month  following  the  Conversion
     Date,  and the indication as to which twelve (12) month period is indicated
     will be with the addition of an ordinal number  preceding the term One Year
     Period, e.g., First One Year Period, Second One Year Period, etc.

(3)  "Client  Accounts"  shall include,  but not be limited to, deposit and loan
     accounts  on the  BISYS  System,  including,  but not  limited  to  Savings
     Accounts-Account    Base,    Time    Deposits/Certificates    of   Deposits
     Accounts-Account  Base,  Transaction  Accounts-Account Base (including DDA,
     MMDA, NOW, SUPER NOW, Money Market), Line of Credit  Accounts-Account Base,
     Mortgage Loans-Account Base, Construction Loans-On Line History, Commercial
     Loans-Account Base, Installment  Loans-Account Base, Adjustable Installment
     Loans,  Commercial Loan  Processing,  Construction/Commercial  Loan Control
     Accounts-Construction    Loans,    Construction/Commercial   Loan   Control
     Accounts-Commercial Loans.

F.   For any and all usage of  Exhibit A  Services,  Client  agrees to pay BISYS
     each  month,  a fixed  monthly  charge  (the  "Fixed  Monthly  Charge")  in
     accordance with the following:

     1.   On Conversion Date, BISYS will determine the number of client Accounts
          converted to the BISYS System.  During the First One Year Period,  the
          Fixed  Monthly  Charge  will  be  $4,000.00  for  up to  4,000  Client
          Accounts.

     2.   At the end of each One Year Period,  BISYS will  calculate the average
          number of Client  Accounts on the BISYS System each

BISYS/Monmouth Addendum, Page 2

<PAGE>

          month  based on the  number of  Client  Accounts  on the BISYS  System
          during the  immediately  preceding  twelve  (12) months (the "Year End
          Accounts"). The Fixed Monthly Charge for the next One Year Period will
          be calculated as (x) the number of Year End Accounts,  times (y) $0.45
          (the "Per Account Fee").

G.   In addition to the Fixed Monthly Charge for the Exhibit A Services,  Client
     will pay BISYS each month:

     1.   For all usage of Services,  not  specifically  set forth on Exhibit A;
          and

     2.   For all pass-through charges.

3.3  During the Initial  period,  provided  Client agrees to assist BISYS in the
     growth of BISYS by acting as a  "showcase"  site for  prospective  clients,
     BISYS agrees to grant Client a non-cumulative  monthly credit in the amount
     of $500.00, to be applied against the Fixed Monthly Charge.

3.4  BISYS agrees that during the First One Year Period,  the monthly  recurring
     charged for the Services set forth on Exhibit B are set forth opposite each
     Service.  Thereafter  during the  remainder  of the  Initial  Period,  such
     monthly  recurring  charges will be subject to increase in accordance  with
     the provisions of Paragraph 3(B) of the Agreement.

3.5  BISYS agrees that the during each One Year Period,  BISYS will grant Client
     a one-time annual credit in the amount of $5,000.00 which may be applied at
     Client's  discretion,   against  monthly  recurring  charges  for  Services
     utilized by Client or against one-time  implementation  charges,  provided,
     however,  that such credit may not be applied against  one-time third party
     charges or hardware/equipment charges.

3.6  During the Initial Period, Client agrees to assist BISYS in growth of BISYS
     by acting as a "showcase"  site for  prospective  clients.  BISYS agrees to
     give  Client a one-time  credit in the amount of  $2,500.00,  not to exceed
     $10,000.00 per One Year Period, for Showcase  Visitations  generated during
     the Initial Period of this Agreement which results in a new BISYS client.

BISYS/Monmouth Addendum, Page 3

     (a)  For purposes of this  provision,  the following  definitions and terms
          apply:

          (i)  "Showcase  Visitation"  is a visitation  by a  prospective  BISYS
               client supported at Client's site during the decision process.

          (ii) "Visitation  Period"  is the  nine  (9)  month  period  following
               "Showcase Visitation".

          (iii)"Credit" will be made to Client's  Services  Monthly Invoice from
               BISYS on the month following the prospective  client's  execution

<PAGE>

          of a BISYS Services  Agreement  provided the sale takes place during a
          "Visitation Period".

3.7  During the Initial  Period,  BISYS  agrees that any annual  increase in the
     charges for  Services  will not exceed in the  aggregate  the lesser of (i)
     three and one-half percent (3.5%),  or (ii) the percentage  increase in the
     United  State  Consumer  Price  Index as  published  by the Bureau of Labor
     Statistics,  United States  Department of Labor ("CPI"),  during the twelve
     month period immediately preceding the date of increase.

3.8  Client shall be responsible for all travel and lodging expenses of BISYS to
     accomplish  the  conversion,   including   implementation  of  third  party
     products, not to exceed $18,000.

4.   Year 2000
     ---------

     4.1  BISYS agrees to perform, at BISYS' expense, comprehensive tests on the
          BISYS  System to simulate  the actual  turning of the  century.  These
          tests shall be intended to identify  any  operational  issues cased by
          the century  change at midnight  December  31,  1999.  BISYS agrees to
          release by December 31, 1998 all necessary updates and changes for the
          BISYS System,  if any, to accommodate  the turn of the century.  BISYS
          agrees to  distribute  any such change or updates to the BISYS  System
          when  they  are  generally  made   available  to  its  clients.   Such
          distribution  may be in the  form of new  releases,  updates  or other
          similar  methods of  distributing  software bug fixes as BISYS may see
          fit. All  modifications,  updates or changes made by BISYS shall be to
          the BISYS System only and not to any third party provide software.

5.   Performance Standards.
     ----------------------

     5.1  Downtime.  BISYS agrees to use all  reasonable  efforts to ensure that
          the  Services  can be  accessed  by Client at least 98% of the On-Line
          Hours during a calendar month.  BISYS' Data Center will log and report
          Downtime  providing  appropriate  analytical reports for each calendar
          month.  Downtime  results will be tabulated daily and averaged for the
          calendar  month.  For purposes of this  Agreement the term  "Downtime"
          shall mean any general on-line service  interruption caused by failure
          of the  Data  Center  computers,  programs  or  operators  to  sustain
          continuous availability of on-line processing during On-Line Hours.

     5.2  Response Time. BISYS agrees to sue all reasonable efforts to work with
          Client's  existing  terminal and  micro-computer  vendors and with all
          other  organizations that presently provide Client  telecommunications
          equipment or services to make available to Client an average  response
          time of 2 to 4 seconds for standard teller requests and 3 to 5 seconds
          for CRT  transactions,  as measured from the time the terminal message
          is transmitted from Client's terminal  equipment until the time BISYS'
          reply message is received by Client's terminal  equipment for at least
          98% of the transactions measured during a calendar month.

BISYS/Monmouth Addendum, Page 4

<PAGE>

     5.3  Report  Delivery.  Provided that Client has installed a BISYS approved
          configuration for remote report print configuration, BISYS agrees that
          at  least  95% of the  individual  daily  reports  are  available  for
          delivery  to the  Client's  system  by 8:00 A.M.  Eastern  Time on the
          business day  immediately  following  the day as to which such reports
          relate to a minimum of 95% of all reports requested by Client measured
          any calendar month.

     5.4  Client Rights in the Event of Non-Performance.  BISYS agrees that upon
          receipt  of  written  notification  from  Client  that  BISYS  has not
          achieved  the  level of  performance  as set  forth  in the  foregoing
          subparagraphs 5.1, 5.2 and 5.3 (an "Event of Non-Performance"),  BISYS
          shall have  sixty (60) days from the date of such  notice to cure such
          Event of Non-Performance (the "Cure Period").  In the event Client has
          given   BISYS   written   notice   of  more  than   three   Events  of
          Non-Performance during any twelve-month period,  Client's sole remedy,
          and  BISYS'  sole  liability,  shall be the  right to  terminate  this
          Agreement  upon at  least  90 days  prior  written  notice  to  BISYS,
          provided  that Client  gives such  notice  within 120 days of the last
          written  notice of an Event of  Non-Performance  and further  provided
          that Client pays for all  Services  provided by BISYS  (including  all
          pass-through charges) through the effective date of termination on the
          date of termination. In addition, in the event of a termination of the
          Agreement  pursuant  to this  Paragraph,  BISYS  agrees  to waive  the
          charges associated with Deconversion assistance described in Paragraph
          9(B) of the Agreement.

6.   Neither BISYS nor Client shall (except to persons  acting on behalf of such
     party)  disclose,  and neither  party shall permit any of its  employees or
     other persons who act or acted in its behalf to disclose,  any of the terms
     and conditions of the Agreement,  including without limitation any Addendum
     or pricing terms, except as may be required by law.

Except as expressly amended and supplemented  hereby, the Agreement shall remain
unchanged and continue to be in full force and effect.

This Addendum  supersedes and replaces any prior agreement  (written or oral) as
to its subject matter. If there is any conflict between the terms and conditions
of this  Addendum  and the terms and  conditions  of the  Agreement or any prior
addendum to this  Agreement,  the Terms and  Conditions of this  Addendum  shall
prevail.

BISYS, INC.                             MONMOUTH COMMUNITY BANK

By:  /s/ W. W. Neville                  By:  /s/ R. O. Lindsey
   ------------------------                 --------------------------------
Name:  W. W. Neville                    Name:  Richard O. Lindsey
     ----------------------                  -------------------------------
Title:  President                       Title:  President
      ---------------------                   ------------------------------
Date  4/27/98                           Date 4/27/98
    -----------------------                 --------------------------------

BISYS/Monmouth Addendum, Page 5

<PAGE>

--------------------------------------------------------------------------------
THIS ADDENDUM SHALL BECOME EFFECTIVE UPON BEING SIGNED BY AUTHORIZED OFFICERS OF
BISYS. BISYS' MARKETING REPRESENTATIVES DO NOT HAVE THE AUTHORITY TO BIND BISYS.
--------------------------------------------------------------------------------

BISYS/Monmouth Addendum, Page 6

<PAGE>

                                   BISYS, INC.
                            COMMERCIAL LENDING SUITE
                          ADDITIONAL SERVICES AGREEMENT

This  Addendum  letter will  authorize  BISYS,  Inc.  to provide  the  following
Commercial Lending Suite ("CLS") software product components and options to:

                         MONMOUTH COMMUNITY BANK                       (Client)
-----------------------------------------------------------------------

under the terms of our existing Services Agreement, No.    CH-1901-12-97
                                                       ------------------------

Fees for the use of CLS will be assessed per the following schedule:

<TABLE>
<CAPTION>

<S>                                                <C>               <C>
Total Estimated One-Time Fees and Training Fees    $  6,805.00  *    Per Attachment A
                                                    -------------
Total Estimated Recurring Monthly Fees             $    640.00       Per Attachment B
                                                    -------------
Total Estimated Travel & Lodging Expenses          $  1,800.00
                                                    -------------
</TABLE>

We hereby  agree to pay the above  charges  in  consideration  for the  services
provided.  We understand that One Half of all Hardware and CLS software One-Time
Fees will be due upon execution of this  Additional  Services  Agreement and the
balance upon shipment.  We further understand that all Training and Installation
Service  Fees and  related  Travel  and  Lodging  Expenses  will be due as these
services  are  rendered.  All  terms and  conditions  in the  existing  Services
Agreement shall remain unchanged.

* One time  charges are  included in the  $125,000  bundled "one time" charge as
indicated on the contract addendum.

                                       Client's Name:  MONMOUTH COMMUNITY BANK
                                                      --------------------------
BISYS, INC.                            Client's            LONG BRANCH, NJ
                                                      --------------------------
                                       City/State:
                                                      --------------------------

Approved by:                           Approved by:
            ----------------------                 -----------------------------

Name:      W.W. Neville                Name:   Richard Lindsey
       ---------------------------             ---------------------------------
Title:     President    Date:          Title:  President   Date:
      ---------------        -----             ----------       ----------------

                                                                     Page 2 of 3
<PAGE>

               ATTACHMENT B - ESTIMATED RECURRING MONTHLY EXPENSE
                            COMMERCIAL LENDING SUITE

This attachment  provides a detailed  estimate of anticipated  monthly recurring
costs that will be incurred by Client for the use,  maintenance  and client Site
Services support the Commercial Lending Suite ("CLS") product components. Actual
monthly billing will be based upon product mix installed.

<TABLE>
<CAPTION>
<S>                                                                             <C>
1.  Commercial Relationship Management Software, Documentation and Support       $   640.00
                                                                                 ----------
    Includes BISYS Client Site Services product-related telephone support,
    product suite integration with BISYS facilities and software product
    maintenance updates.

    ____     Any single ONE POINT SUITE (Three Simultaneous Users) product
             chosen from: Loan Marketing and Relationship Prospecting
             (MARKET); or, Loan Pricing and Relationship Profitability
             (PRICE); or, Statement Spread & Risk Analysis with Designer
             Option (STAN); or, Collateral & Covenant Exception Tracking
             (REACT).
             ____Six Simultaneous Users                                      $  323.00
             ____Ten Simultaneous Users                                      $  525.00
                                                                             $  657.00
    ____     Any Two ONE POINT SUITE (Six Simultaneous Users) products
             chosen from: Loan Marketing and Relationship Prospecting
             (MARKET); and/or, Loan Pricing and Relationship Profitability
             (PRICE); and/or, Statement Spread & Risk Analysis with
             Designer Option (STAN); and/or, Collateral & Covenant
             Exception Tracking (REACT).
             ____Ten Simultaneous Users                                      $  640.00
             ____Twenty Simultaneous Users                                   $  758.00
                                                                             $1,136.00
    ____     Any Three ONE POINT SUITE (Six Simultaneous Users) products
             chosen from: Loan Marketing and Relationship Prospecting
             (MARKET); and/or, Loan Pricing and Relationship Profitability
             (PRICE); and/or, Statement Spread & Risk Analysis with
             Designer Option (STAN); and/or, Collateral & Covenant
             Exception Tracking (REACT).
             ____Ten Simultaneous Users                                      $  661.00
             ____Twenty Simultaneous Users                                   $  859.00
                                                                             $1,289.00
    ____     The Full ONE POINT SUITE (Six Simultaneous Users) of
             products, including Loan Marketing and Relationship
             Prospecting (MARKET); and, Loan Pricing and Relationship
             Profitability (PRICE); and, Statement Spread & Risk Analysis
             with Designer Option (STAN); and, Collateral & Covenant
             Exception Tracking (REACT).
             ____Ten Simultaneous Users                                      $  714.00
             ____Twenty Simultaneous Users                                   $1,011.00
                                                                             $1,516.00
    ____     DATA IMPORT FACILITY Single Simultaneous User BISYS Host Data
             Download and Foreign File Import Facility.
                                                                             $   25.00
    ____     ROBERT MORRIS ASSOCIATES DATA RMA Data Annual Updates.
                                                                             $   40.00
    ____     LENDING LIBRARY Three Simultaneous User RMA Credit
             Considerations, Lending to Specific Industries and Commercial
             Lending Journal Multi-Topical Index Library, Updated
             Quarterly.
                                                                             $   90.00
    ____     LOAN GRADER  Three Simultaneous User Client-Specific
             Portfolio Review Rule Card and Loan Grading.
             _____ Six Simultaneous Users                                    $  323.00
                                                                             $  444.00
    ____     RECOVER Three Simultaneous User (DOS) Loan Charge-Off and
             Recovery Accounting System                                      $  167.00

TOTAL ESTIMATED RECURRING MONTHLY COSTS                                          $  640.00
                                                                                 ----------
</TABLE>

                                                                     Page 1 of 3
<TABLE>
<CAPTION>

<S>                                                                          <C>
    ____     Exception Tracking (REACT).
             ____Ten Simultaneous Users                                      $4,575.00
             ____Twenty Simultaneous Users                                   $6,475.00
                                                                             $9,710.00
    ____     DATA IMPORT FACILITY Single Simultaneous User BISYS Host Data
             Download and Foreign File Import Facility.
                                                                             $2,000.00
    ____     ROBERT MORRIS ASSOCIATES DATA Included with Full Suite.
                                                                             $1,000.00
    ____     LENDING LIBRARY Three Simultaneous User RMA Credit
             Considerations, Lending to Specific Industries and Commercial
             Lending Journal Multi-Topical Index Library, Updated
             Quarterly.
                                                                             $ 278.00
    ____     LOAN GRADER  Three Simultaneous User Client-Specific
             Portfolio Review Rule Card and Loan Grading.
             _____ Six Simultaneous Users                                    $2,075.00
                                                                             $2,885.00
    ____     RECOVER Three Simultaneous User (DOS) Loan Charge-Off and
             Recovery Accounting System                                      $  960.00

2.  Product Suite Implementation, Training and Consulting                    $2,700.00

    ____     Client site process setup assistance and product training
             days at $900 per day.  Fee does not include consultant or
             trainer T&LE.                                                   $2,700.00
                                                                             ---------

TOTAL ESTIMATED ONE-TIME FEES                                               $ 6,805.00

    ____     LOAN GRADER  Three Simultaneous User Client-Specific           $   323.00
             Portfolio Review Rule Card and Loan Grading.
             _____ Six Simultaneous Users
                                                                            $   444.00
    ____     RECOVER Three Simultaneous User (DOS) Loan Charge-Off and
             Recovery Accounting System                                     $   167.00

TOTAL ESTIMATED RECURRING MONTHLY COSTS                                         $   640.00
                                                                                ==========
</TABLE>

                                                                     Page 3 of 3

<PAGE>

                                   BISYS, INC.
                              PROFITABILITY SYSTEMS
                          ADDITIONAL SERVICES AGREEMENT

This Addendum, made as of       June 14, 2001 authorizes BISYS, INC.(hereinafter
"Licensor") to provide the Profitability Systems to:
Monmouth Community Bank        (hereinafter "Client") subject to the terms and
conditions of our existing Services Agreement, No.       CH-1901-07-96 (the
"Services Agreement").

Fees for the use of the identified Profitability System services will be
assessed per the following schedule:

       Total Software Costs                                      $15,000.00
                                                              --------------

       Total First Year Maintenance Fees                          $2,750.00
       Total Recurring Monthly Costs (Estimated)                    $530.00
                                                              --------------

       Total Estimated Implementation/Training (Estimated)        $5,250.00
       Total System Upgrade Fees                                      $0.00
                                                              --------------

       Total Estimated T & E Expenses                             $1,500.00

We hereby agree to pay the above charges in consideration of the services
provided.

Fifty percent (50%) of the implementation/customization  estimated costs will be
billed upon execution of this addendum and the remaining  portion and the actual
implementation   charges   (including   T  &  E)  will  be  billed  at  time  of
implementation.  Additional  implementation/training fees will be billed in full
as incurred.

100% of the first year  annual  maintenance  fees will be payable at the time of
the software order.

Monthly recurring/extract fees will be billed as incurred.

100%  of  system  upgrade  fees  will be  payable  at the  time of the  software
order/delivery.

Hardware  required in  connection  with the use of the systems will be addressed
separately with billing/payment to be done at the time of order.

All ancillary installation/training costs and the associated pass-through travel
and lodging  expenses  will be billed and payable at the time of  implementation
and at the time the expenses are incurred.

All terms  and  conditions  in the  existing  Services  Agreement  shall  remain
unchanged.

Date ASA completed:   June 14, 2001

This agreement is only effective if executed by the Client no later than 30 days
after the date set forth above.

BISYS, INC.                             Client's Name:  Monmouth Community Bank
                                                      --------------------------
                                        Client's City/State:  Long Branch, NJ
                                                             -------------------
Agreed to:  /s/ Jim Guidici             Agreed to:  /s/ Anthony Giordano
           -----------------------                 -----------------------------
Name:   Jim Guidici                     Name:    Anthony Giordano
        --------------------------
Title:  Executive Vice President        Title:         SVP & CFO
        --------------------------             ---------------------------------
Date:          07/09/01                                   Date:  6/27/01
        --------------------------             ---------------------------------

                                     Page 1

<PAGE>

<TABLE>
<CAPTION>

                                   BISYS, INC.
                              PROFITABILITY SYSTEMS
                          ADDITIONAL SERVICES AGREEMENT

           (Place an X next to all licensed services and applications)

------------------------ -------------- ---------- ------------- ---------- ---------- ----------
                         First Year Maint.         License Fees  Monthly Fee
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
This attachment provides a detailed estimate of anticipated costs which will be incurred by
Client for the purpose of sub-licensing Profitability & Planning Systems, installing, if
applicable, at the designated Client site(s) and training the Client's personnel in the use of
the system, a well as other miscellaneous tasks which may be required for installation.  Final
cost of sub-licensing, installation, or training will be billed to the Client on an actual
basis.  The rates of each type of service rendered are listed below.
-------------------------------------------------------------------------------------------------
Base One Time and Recurring Software Costs
-------------------------------------------------------------------------------------------------
<S>                      <C>            <C>        <C>           <C>        <C>        <C>
TFM-ALBUM                        $0.00                    $0.00      $0.00
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
TFM-Budget & Planning            $0.00                    $0.00      $0.00
Sys
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Organizational                   $0.00                    $0.00      $0.00
Profitability Sys
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Product Profitability            $0.00                    $0.00      $0.00
Sys
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Sendero A/L 1 with DMS       $2,750.00               $13,750.00    $230.00
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Customer Profitability           $0.00                    $0.00      $0.00
Sys
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
  Incremental CPS Seats          $0.00                    $0.00      $0.00
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Crystal Report Writer            $0.00                    $0.00      $0.00
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
DRI Interest Rate                $0.00                $1,250.00      $0.00
Forecast
-------------------------------------------------------------------------------------------------
DOS Version to Windows Version Base Upgrade Fee
-------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>

Includes upgrade software with integrated data conversion utility, on-site upgrade and training
assistance can be scheduled based upon availability.
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
<S>                      <C>            <C>        <C>           <C>        <C>        <C>
TFM-ALBUM                                                 $0.00      $0.00
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
TFM-Budget & Planning                                     $0.00      $0.00
Sys
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Organizational                                            $0.00      $0.00
Profitability Sys
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Product Profitability                                     $0.00      $0.00
Sys
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Customer Profitability                                      N/A        N/A
Sys
-------------------------------------------------------------------------------------------------
Single to Mutli User Upgrade Fee
-------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>

Includes upgrade software, on-site upgrade and training assistance can be scheduled based upon
availability.
-------------------------------------------------------------------------------------------------
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
<S>                      <C>            <C>        <C>           <C>        <C>        <C>
TFM-ALBUM                                                 $0.00      $0.00
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
TFM-Budget & Planning                                     $0.00      $0.00
Sys
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Organizational                                            $0.00      $0.00
Profitability Sys
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Product Profitability                                     $0.00      $0.00
Sys
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Customer Profitability                                    $0.00      $0.00
Sys
-------------------------------------------------------------------------------------------------
Application Data Extract Fees
-------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Application interface fees, based upon number of accounts from the core TotalPlus deposit &
loan applications
-------------------------------------------------------------------------------------------------
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
<S>                      <C>            <C>        <C>           <C>        <C>        <C>
TFM ALBUM or BPS                     0  est.                         $0.00
                                        trans
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Sendero DMS Extract or               0  est.              $0.00    $300.00
CPS                                     trans
-------------------------------------------------------------------------------------------------
Other Costs
-------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Other associated costs applicable to the installation and/or training of this application.
-------------------------------------------------------------------------------------------------
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
<S>                      <C>            <C>        <C>           <C>        <C>        <C>
Implementation Fees      Number of              0         $0.00
                         days
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Additional Training      Number of              0     $5,250.00
Fees                     days
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Upgrade Assistance       Number of              0         $0.00
                         days
------------------------ -------------- ---------- ------------- ---------- ---------- ----------
Estimated T & E Costs                                 $1,500.00  Actual costs billed to client
                                                                 as incurred
-------------------------------------------------------------------------------------------------
Totals
-------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>

        Total One Time Fees and Associated estimated monthly charges
-------------------------------------------------------------------------------------------------
---------- ------------- -------------- ---------- ------------- ---------- ---------------------
<S>        <C>           <C>            <C>        <C>           <C>        <C>
           Total Fees        $2,750.00               $21,750.00    $530.00
---------- ------------- -------------- ---------- ------------- ---------- ---------------------
                       Total One Time              $24,500.00            Total Monthly $530.00
</TABLE>

 The above proposal is based upon a  Multi  User Configuration.
 The above application integration costs are estimated based upon the estimates
 indicated.  Actual charges will be based upon the exact integration
 application accounts at the rates indicated.

 Estimated Application Accounts     0
 Estimated Cost Centers             0
 Estimated Products                 0

                                     Page 2

<PAGE>

<TABLE>
<CAPTION>

                                         BISYS, INC.
                                    PROFITABILITY SYSTEMS
                                ADDITIONAL SERVICES AGREEMENT

-------------------------------------------------------------------------------------------------
                                  Invoice Update Request Form
-------------------------------------------------------------------------------------------------
(Complete All Sections Below and Distribute to Indicated Parties.)
------------------ -------------------- --------------------------------- -----------------------
<S>                <C>                  <C>                <C>                      <C>
Client Number:     1901                 Contract Number:   CH-1901-07-96  Date:      6/14/2001
------------------ -------------------- --------------------------------- -----------------------
Client Name:       Monmouth Community Bank                     Regional Manager:    Tim Lenhoff
------------------ ------------------------------------------- ----------------------------------
Client Addr:                                                   Account Executive:     Rick Wade
------------------ ------------------------------------------- ----------------------------------
                                                               Product Manager:      Brad Scott
------------------ ------------------------------------------- ----------------------------------

------------------ ---------------------------- -------------- ----------------------------------
Client Contact:                                 Telephone:
------------------ ---------------------------- -------------- ----------------------------------
Data Center:       Cherry Hill                  Email
                                                Address:
------------------ ---------------------------- -------------- ----------------------------------
</TABLE>
<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------
Internal Product Billing: - Completed by: ______________ Rick Wade
------- --------------------- ------------- ------------- ---------- ----------------------------
<S>     <C>                   <C>           <C>           <C>            <C>
        Product Category      Bill Code     One Time Fee  Initial %      Calculated Deposit
------- --------------------- ------------- ------------- ---------- ----------------------------
[   ]  Profit & Plan One                     $23,000.00       Calc          $11,500.00
        Times
------- --------------------- ------------- ------------- ---------- ----------------------------
[   ]  Discounts granted                          $0.00       100%               $0.00
------- --------------------- ------------- ------------- ---------- ----------------------------
[   ]
------- --------------------- ------------- ------------- ---------- ----------------------------
[   ]
------- --------------------- ------------- ------------- ---------- ----------------------------
[   ]
------- --------------------- ------------- ------------- ---------- ----------------------------
[   ]
------- --------------------- ------------- ------------- ---------- ----------------------------
        Totals                                $23,000.00        50%          $11,500.00
-------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Final Product Billing - Completed by: ___________________ (Responsibility: Account Executive)
-------------------------------------------------------------------------------------------------
        Product Category      Bill Code     Remaining License Fees   Total Monthly Recurring
------- --------------------- ------------- ------------------------ ----------------------------
<S>     <C>                   <C>           <C>                      <C>       <C>       <C>
                                                                               Bill      Extended
                                                                               Code
------- --------------------- ------------- ------------------------ --------- --------- --------
[   ]  Remaining One Time
        Fee
------- --------------------- ------------- ------------------------ --------- --------- --------
[   ]  Monthly Fees
------- --------------------- ------------- ------------------------ --------- --------- --------
[   ]
------- --------------------- ------------- ------------------------ --------- --------- --------
[   ]
------- --------------------- ------------- ------------------------ --------- --------- --------
[   ]
------- --------------------- ------------- ------------------------ --------- --------- --------
[   ]
------- --------------------- ------------- ------------------------ --------- --------- --------
[   ]
------- --------------------- ------------- ------------------------ --------- --------- --------
[   ]
------- --------------------- ------------- ------------------------ --------- --------- --------
        Totals
-------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------
Special Billing Instruction or Other Comments:
-------------------------------------------------------------------------------------------------
<S>            <C>
-------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------

----------------------------- -------------------------------------------------------------------
Prepared by:   Brad Scott     Approved by:
----------------------------- -------------------------------------------------------------------
Distribution:  Account Executive
-------------------------------------------------------------------------------------------------
               Product Manager
-------------------------------------------------------------------------------------------------
               Regional Manager
-------------------------------------------------------------------------------------------------
               Billing:  Bill Freeburn
-------------------------------------------------------------------------------------------------
</TABLE>

                                     Page 3

<PAGE>

                                   BISYS, INC.
                        CFI PROSERVICES LASERPRO(R) (WIN)
                          ADDITIONAL SERVICES AGREEMENT

This Addendum  letter will  authorize  BISYS,  Inc. to provide the following CFI
ProServices, Inc. LaserPro(R)("CFI") software modules and options to:

               MONMOUTH COMMUNITY BANK                                  (Client)
------------------------------------------------------------------------

under the terms of our existing Services Agreement, No.    CH-1901-12-97
                                                       -------------------------

<TABLE>
<CAPTION>

Fees for the use of LaserPro(R) software and compliance documents will be assessed per the
following schedule:

<S>                                                     <C>                 <C>
Total Estimated One-Time Fees and Training Fees         $    4,730.00  *    Per Attachment A
                                                        ----------------
Total Estimated Recurring Monthly Fees                  $      186.00       Per Attachment B
                                                        ----------------
Total Estimated Hardware and Installation Service Fees  $    1,250.00       Per Attachment C
                                                        ----------------
Total Estimated LaserPro(R)Closing Maintenance Fees     $    1,500.00       Per Attachment D
                                                        ----------------
Total Estimated Travel and Lodging Expenses             $    5,000.00
                                                        ----------------
</TABLE>

We hereby  agree to pay the above  charges  in  consideration  for the  services
provided.  We understand that One Half of all Hardware and CFI software One-Time
Fees will be due upon execution of this  Additional  Services  Agreement and the
balance upon shipment.  We further understand that all Training and Installation
Service  Fees and  related  Travel  and  Lodging  Expenses  will be due as these
services  are  rendered.  All  terms and  conditions  in the  existing  Services
Agreement shall remain unchanged.

* One time  chargers are  included in the $125,000  bundled "one time" charge as
indicated on the contract addendum.

LaserPro(R) is a Registered Trademark of CFI ProServices, Inc.

<TABLE>
<CAPTION>
<S>                                             <C>
                                                Client's Name:  MONMOUTH COMMUNITY BANK
BISYS, INC.                                     Client's            LONG BRANCH, NJ
                                                City/State:
Approved by:                                    Approved by:
            ------------------------------                  ---------------------------
Name:   W.W. Neville                            Name:  Richard Lindsey
        ----------------------------------             --------------------------------
Title:  President    Date:                      Title:    President   Date:
        -------------     ---------------              -------------       ------------
</TABLE>

                                                                     Page 1 of 6

<PAGE>

                    ATTACHMENT A - ONE-TIME AND TRAINING FEES
                        CFI PROSERVICES LASERPRO(R) (WIN)

This Attachment A provides a detailed estimate of the fees that will be incurred
by Client for the  purposes of  installing  CFI  ProServices,  Inc.  LaserPro(R)
("CFI") for the designated number of users, for training Client personnel in the
use of the CFI product,  and for  software  developed by BISYS in support of the
CFI product  integration.  The fees for the actual product mix  installed,  plus
training, will be billed. The CFI LaserPro(R) Closing Documentation  Maintenance
will be billed directly by CFI ProServices per the schedule on Attachment D.

<TABLE>
<CAPTION>
<S>                                                                      <C>         <C>
1.     Consumer Lending                                                              $________
       Networked or standalone, with BISYS CSS technical and CFI
       compliance support.
       Primary License:
       ____ LaserPro(R) Application
       ____ Closing Documentation                                        $  580.00
       ____ CreditLine Revolving/LOC Disclosure Module                   $  700.00
       ____ LaserPro(R)Lightning                                         $  580.00
       Additional Workstations:                                          $  280.00
       ____ LaserPro(R)Application Users at $235 each.
       ____ Closing Documentation Users at $235 each                     $________
       ____ Closing Documentation LANPAK (Four User) at $930 each        $________
       ____CreditLine LOC Disclosure Users at $235 each                  $________
       ____ LaserPro(R)Lightning Users at $280 each                      $________
                                                                         $________
2.     Commercial Lending                                                            $  700.00
       Networked or standalone, with BISYS CSS technical and CFI                      --------
       compliance support.
       Primary License:
       ____ LaserPro(R) Application
       _X__ Closing Documentation                                         $ 580.00
       ____ SBA Lending Module                                            $ 700.00
       ____ LaserPro(R)Lightning                                          $ 815.00
       Additional Workstations:                                           $ 280.00
       ____ LaserPro(R)Application Users at $235 each.
       ____ Closing Documentation Users at $235 each                     $________
       ____ Closing Documentation LANPAK (Four User) at $930 each        $________
       ____ SBA Lending Module Users at $350 each                        $________
       ____ LaserPro(R)Lightning Users at $280 each                      $________
                                                                         $________
3.     Real Estate Lending                                                           $________
       Networked or standalone, with BISYS CSS technical and CFI
       compliance support.

       Primary License:
       ____ LaserPro(R) Application
       ____ Closing Documentation                                         $ 700.00
       Additional Workstations:                                           $ 700.00
       ____ LaserPro(R)Application Users at $235 each.
       ____ Closing Documentation Users at $235 each                     $________
       ____ Closing Documentation LANPAK (Four User) at $930 each        $________
                                                                         $________
4.     Consumer, Commercial and Real Estate Application Options                      $________

       Bundled Networked or standalone Application product
       Combinations.
       Primary License:
       ____ Consumer AND Commercial Applications
       ____ Consumer AND Commercial AND Real Estate                      $  930.00
       Additional Workstations:                                          $1,400.00
       ____ Consumer AND Commercial Application at $350 each
       ____ Consumer AND Commercial AND Real Estate at $580 each         $________
                                                                         $________
5.     BISYS Servicing System Interface (WINDOWS)                                    $2,030.00
                                                                                      --------
       Primary Site LaserPro(R)to BISYS Servicing System Upload
       ____ Additional Upload Interface Users at $50 each                $2,030.00
                                                                         $________
6.     LaserPro(R)Product User Training                                              $2,000.00
       _2__ Days LaserPro(R)Closing and Optional Module Training at                   --------
       $1,000 each
       ____ Days LaserPro(R)Application Product Training at $1,000
       each                                                              $2,000.00
                                                                         $________
TOTAL ESTIMATED ONE-TIME AND TRAINING FEES                                           $4,730.00
                                                                                     =========
</TABLE>

                                                                     Page 2 of 6
<PAGE>

                      ATTACHMENT B - RECURRING MONTHLY FEES
                        CFI PROSERVICES LASERPRO(R) (WIN)

This Attachment B provides a detailed estimate of anticipated  monthly recurring
fees  that  will be  incurred  by Client  for the use of CFI  ProServices,  Inc.
LaserPro(R)  application  processing  and loan  closing  documents.  The monthly
billing will be based upon the product configuration actually installed.

<TABLE>
<CAPTION>
<S>                                                                      <C>        <C>
1.     Consumer Lending                                                             $_________
       Networked or standalone, with BISYS CSS technical and CFI
       compliance support.
       Primary License:
       ____ LaserPro(R) Application
       ____ Closing Documentation                                        $   54.00
       ____ CreditLine Revolving/LOC Disclosure Module                   $   65.00
       ____ LaserPro(R)Lightning                                         $   54.00
       Additional Workstations:                                          $   26.00
       ____ LaserPro(R)Application Users at $22 each.
       ____ Closing Documentation Users at $22 each                      $________
       ____ Closing Documentation LANPAK (Four User) at $87 each         $________
       ____CreditLine LOC Disclosure Users at $22 each                   $________
       ____ LaserPro(R)Lightning Users at $26 each                       $________
                                                                         $________
2.     Commercial Lending                                                           $   65.00
       Networked or standalone, with BISYS CSS technical and CFI                     ---------
       compliance support.
       Primary License:
       ____ LaserPro(R) Application
       _X__ Closing Documentation                                        $   54.00
       ____ SBA Lending Module                                           $   65.00
       ____ LaserPro(R)Lightning                                         $   76.00
       Additional Workstations:                                          $   26.00
       ____ LaserPro(R)Application Users at $22 each.
       ____ Closing Documentation Users at $22 each                      $________
       ____ Closing Documentation LANPAK (Four User) at $87 each         $________
       ____ SBA Lending Module Users at $33 each                         $________
       ____ LaserPro(R)Lightning Users at $26 each                       $________
                                                                         $________
3.     Real Estate Lending                                                          $_________
       Networked or standalone, with BISYS CSS technical and CFI
       compliance support.
       Primary License:
       ____ LaserPro(R) Application
       ____ Closing Documentation                                        $   65.00
       Additional Workstations:                                          $   65.00
       ____ LaserPro(R)Application Users at $22 each.
       ____ Closing Documentation Users at $22 each                      $________
       ____ Closing Documentation LANPAK (Four User) at $87 each         $________
                                                                         $________
4.     Consumer, Commercial and Real Estate Application Options                     $_________

       Bundled Networked or standalone Application product
       Combinations.
       Primary License:
       ____ Consumer AND Commercial Applications
       ____ Consumer AND Commercial AND Real Estate                      $   87.00
       Additional Workstations:                                          $  130.00
       ____ Consumer AND Commercial Application at $33 each
       ____ Consumer AND Commercial AND Real Estate at $54 each          $________
                                                                         $________
5.     BISYS Servicing System Interface (WINDOWS)                                   $   121.00
--                                                                                   ---------

       Primary Site LaserPro(R)to BISYS Servicing System Upload
       ____ Additional Upload Interface Users at $17 each                  $121.00
                                                                         $________
TOTAL ESTIMATED RECURRING MONTHLY FEES                                              $   186.00
                                                                                     ---------
</TABLE>

                                                                     Page 3 of 6

<PAGE>

                             ATTACHMENT B CONTINUED
                           CFI PROSERVICES LASERPRO(R)

     Ownership,  Use and  Confidentiality  -  BISYS  Products  and  Confidential
     Information

A.   Client  acknowledges that all computer  programs and related  documentation
     made available,  directly or indirectly,  by BISYS to Client as part of the
     Services (the "BISYS Products") are the exclusive and confidential property
     of BISYS or the third  parties from whom BISYS has secured the right to use
     such computer programs and documentation.

B.   Client   acknowledges  that  by  receiving  the   LaserPro(R)software   and
     installing  it on a computer  system  Client is agreeing to be bound by the
     terms of a Software  License  Agreement  granted by CFI  ProServices,  Inc.
     through BISYS to the Client.

C.   A  personal,  non-exclusive,  non-transferable  right and  license is being
     granted to Client to use any applications software programs included in the
     BISYS products (the  "Application  Programs") which are delivered to Client
     as part of the Services  solely for Client's  own  business  usage.  Client
     shall not have any  interest in the  Applications  Programs  except for the
     license granted it under this Agreement.

D.   Client shall  receive all  improvements,  enhancements,  modifications  and
     updates to any Applications  Programs which are delivered to Client as part
     of the  Services  if,  and as,  made  available  by  BISYS  to its  clients
     generally. All such improvements,  enhancements,  modifications and updates
     shall be delivered to Client in the form of a computer  media,  which media
     shall be provided to Client by BISYS and shall be installed  by Client.  If
     Client  fails to install any such media  within 45 days of its receipt from
     BISYS,  BISYS  shall have no further  obligation  to  provide  Client  with
     improvements,  enhancements,  modifications  or updates to such Application
     Programs.

E.   Client  acknowledges that it shall be deemed a sublicensee of BISYS for any
     systems  software  programs  included in the BISYS  Products  (the "Systems
     Programs")  which are delivered to Client as part of the  Services.  Client
     agrees that it is accepting a sublicense from BISYS of the Systems Programs
     on a personal, non-exclusive,  non-transferable basis with the right to use
     such Systems Programs solely in connection with the Services.

J.   Client shall not copy, in whole or in part,  any BISYS  Products or related
     documentation,  whether in the form of  computer  media,  printed or in any
     other form. Client shall not make any alteration, change or modification to
     any BISYS Products.

F.   Client shall treat as confidential  and will not disclose or otherwise make
     available  any of the  BISYS  Products  or any  trade  secrets,  processes,
     proprietary data,  information or documentation  related thereto including,
     without  limitation,  any  flow  charts,  logic  diagrams  or  source  code
     (collectively the "Confidential  Information"),  in any form, to any person
     other than  employees of Client.  Client will  instruct its  employees  and
     agents  who  have  access  to  the  BISYS  Products  and  the  Confidential
     Information  to keep  the same  confidential  by  using  the same  care and
     discretion that Client uses with respect to its own  confidential  property
     and trade secrets.  Upon the  termination of this Agreement for any reason,
     Client shall  return to BISYS any and all copies of the BISYS  Products and
     the Confidential Information which are in its possession.

                                                                     Page 4 of 6

<PAGE>

              ATTACHMENT C - HARDWARE AND INSTALLATION SERVICE FEES
                           CFI PROSERVICES LASERPRO(R)

This attachment  provides a detailed estimate of anticipated costs which will be
incurred by Client during the  preparation  and  installation  of the Local Area
Network  (LAN)  components.  Final  costs  will be billed to Client on an actual
services provided basis.

<TABLE>
<CAPTION>

<S>                                                                 <C>           <C>
1.    LaserPro(R)Configuration Requirements                         $    250.00
      CFI LaserPro(R)is a Workstation or Networked product.          -----------
      The LAN File Server should be 486, MS-DOS 6.0 or
      higher, Novell NetWare 3.11 with 8MB RAM, minimum 500K
      available. LaserPro(R)Workstations should be minimum
      486 IBM PC or compatible with MS DOS 5.0 or higher,
      minimum 4MB Extended Memory with 1MB available, VGA
      color display.  Hard drive with 20MB available disk
      space and optional 3.5" diskette drive.  One parallel
      port required, second parallel port suggested.
      LaserPro(R)Compliance Documentation employs HP LaserJet
      Series III, IIID, IIIsi, IVL, IVP, IV, IVsi or
      V-series or IBM Lexmark Laser Printer Series 4039,
      each with Legal-size paper tray.  LaserPro(R)requires
      the use of a CFI Font on SIMM or Laser Print Cartridge
      with each Laser Printer.

          1    CFI Font Laser Print Cartridge at $250 each
        -----

2.    Hardware and Netware                                       Hardware Order

      Personal computing hardware and Novell LAN netware
      products required for BISYS LAN product platforms may
      be ordered through BISYS.  Please request a quote
      through your Account Executive.  Manufacturer's
      pricing is subject to change.

3.    LaserPro(R)TOTALPLUS Interface Installation                   $
                                                                     -----------
      LaserPro(R) TOTALPLUS Interactive Interface software is
      shipped with User Documentation and installation
      instructions.  BISYS Client Site Support
      representatives are available 8am to 5pm weekdays to
      assist with installation on an hourly services fee
      basis at the published rates.  Customer site interface
      install assistance is available by reservation.

      Customer Site Installation Services
          1    Days Customer Site LaserPro(R)TOTALPLUS Upload
        -----  installation and training at $1,000 per day          $   1,000.00
                                                                     -----------

TOTAL ESTIMATED HARDWARE AND INSTALLATION SERVICE FEES                            $   1,250.00
                                                                                  ============
</TABLE>

                                                                     Page 5 of 6

<PAGE>

               ATTACHMENT D - LASERPRO(R) CLOSING MAINTENANCE FEES
                           CFI PROSERVICES LASERPRO(R)

This attachment  provides a detailed  estimate of costs that will be incurred by
Client  for  compliance   documentation   provided  by  CFI  ProServices.   This
maintenance fee is billed directly to Client  quarterly,  on a pro rata basis or
based upon the volume of loans closed using these documents during the preceding
three (3) months.

<TABLE>
<CAPTION>

<S>                                                                 <C>
1.     LaserPro(R)Closing Maintenance Schedule                      $  1,500.00
                                                                     -----------
       Select the level that corresponds with client loan
       closing volume during the past 12 months.  Prices may
       change without notice.

                    Total Loan
                      Volume        Annual Fee
                 --------------   ---------------
         1          0 -     250   $1,500 annually
       -----
                  251 -     500   $2,000 annually
       -----
                  501 -   1,000   $2,500 annually
       -----
                1,001 -   2,000   $3.00 per loan
       -----
                                  $3,000 minimum
       -----
                2,001 -   4,000   $2.50 per loan
       -----
                                  $5,000 minimum
       -----
                4,001 -   6,000   $2.00 per loan
       -----
                                  $8,000 minimum
       -----
                6,001 -   8,000   $1.50 per loan
       -----
                                  $9,000 minimum
       -----
                     Over 8,000   Quote
       -----

TOTAL ESTIMATED CLOSING MAINTENANCE FEES                            $   1,500.00
                                                                     -----------

</TABLE>

                                                                     Page 6 of 6

<PAGE>

                                   BISYS, INC.
                  TOTAL INFORMATION MANAGEMENT SYSTEM (TIMS/QM)
                               TRM CONVERSION PLAN
                          ADDITIONAL SERVICES AGREEMENT

This  Addendum  will  authorize  BISYS,  Inc.  to provide  the  following  Total
Information Management System ("TIMS/QM") to:

               MONMOUTH COMMUNITY BANK                                   Client)
------------------------------------------------------------------------

Under the terms of our existing Services Agreement, No.      CH-1901-12-97     .
                                                       -------------------------
<TABLE>
<CAPTION>

Fees for the use of the Total Information Management System (TIMS/QM) will be assessed per
the following schedule:

<S>                                                <C>                 <C>
Total Estimated package Expense                    $      36,500.00*   Per Attachment A
                                                   ----------------

Total Estimated Supplemental Expense               $       2,925.00*   Per Attachment B
                                                   ----------------

Total Estimated Recurring Monthly Expense          $         400.00    Per Attachment C
                                                   ----------------
</TABLE>

We hereby  agree to pay the above  charges  in  consideration  for the  services
provided. All software license fees will be payable 50% at signing of Additional
Services  Agreement,  50% at  installation.  All  terms  and  conditions  in the
existing Services Agreement shall remain unchanged.

* One time expenses are included in the $125,000  "one-time" charge as indicated
on the contract addendum.

<TABLE>
<CAPTION>
<S>                                             <C>
                                                Client's Name:  MONMOUTH COMMUNITY BANK
BISYS, INC.                                     Client's            LONG BRANCH, NJ
                                                City/State:
Approved by:                                    Approved by:
            ------------------------------                  ---------------------------
Name:   W.W. Neville                            Name:  Richard Lindsay
        ----------------------------------             --------------------------------
Title:  President    Date:                      Title:    President   Date:
        -------------     ---------------              -------------       ------------
</TABLE>

                                                                     Page 1 of 4

<PAGE>

                  ATTACHMENT A - ESTIMATED LICENSE AND INSTALLATION EXPENSE
                        TOTAL INFORMATION MANAGEMENT SYSTEM (TIMS/QM)

This attachment  provides a detailed estimate of anticipated costs which will be
incurred by Client for the purpose of installing  Total  Information  Management
System (TIMS/QM).

TIMS/QM  is  available  in three  hardware  configurations.  Each  configuration
includes the following:

o    TIMS/QM application software and manual
o    Hardware and operating system software components per selected
     configuration option (see options below)
o    Set-up and on-site installation of TIMS/QM application software and
     selected hardware/operating system software components per selected
     hardware configuration option
o    Set-up and installation of one (1) TIMS/QM workstation with instructions
     supplied to LAN Administrator for additional workstations
o    Three days on-site training session on RJE and TIMS/QM software operations

<TABLE>
<CAPTION>

<S>                                                                               <C>         <C>

1.    HARDWARE CONFIGURATION OPTIONS (select one):
      A.   TIMS/QM Stand Alone (No optical storage media)                         $23,500     $
           Includes:
           o RJE workstation with software and network interface board Minimum
             PC Specifications: (P166, 16 MB RAM, 1+ GB HD, color monitor)
           o Stand alone processing PC
             Minimum PC Specifications: (P200, 64 MB RAM, 4GB HD, 8X CD ROM,
                                         10/100BT network card, color monitor)
           o Support software (Norton Utilities)
           o Client server software and 5 NT client licenses

      B.   TIMS/AM Dual Optical Drive                                             $33,500     $33,500.00
           Includes:
           o RJE workstation with software and network interface board Minimum
             PC Specifications: (P166, 16 MB RAM, 1+ GB HD, color monitor)
           o Optical Server and processing PC
             Minimum PC Specifications: (P200, 64 MB RAM, 4GB HD, 8X CD ROM,
                                         10/100BT network card, color monitor)
           o Client server software and 5 NT client licenses
           o Support software (Norton Utilities)
           o Two HP optical 2.6 gig drives, cable, card and software

      C.   TIMS/QM Optical Juke Box                                               $43,500     $
           Includes:
           o RJE workstation with software and network interface board
             Minimum PC Specifications: (P166, 16 MB RAM, 1+ GB HD, color
             monitor)
           o Optical Server and processing PC
             Minimum PC Specifications: (P200, 64 MB RAM, 4GB HD, 8X CD ROM,
                                         10/100BT network card, color monitor)
           o Client server software and 5 NT client licenses
           o Support software (Norton Utilities)
           o HP 16 platter 40 GB optical juke box with dual drives, cable, card
             and software includes one year on-site maintenance

      D.   TIMS/QM Super System Optical Juke Box                                  $57,500     $
           Includes:
           o RJE workstation with software and network interface board
             Minimum PC Specifications: (P166, 16 MB RAM, 1+ GB HD, color
             monitor)
           o Optical Server and processing PC
             Minimum PC Specifications: (P200 expandable, 160 MB RAM, 9GB HD,
                                         8X CD ROM, 10/100BT network card,
                                         color monitor)
           o Client server software and 5 NT client licenses
           o Support software (Norton Utilities)
           o HP 32 platter 80 GB optical juke box with dual drives, cable, card
             and software includes one year on-site maintenance

2.    ESTIMATED TRAVEL AND LODGING EXPENSE                                                     $ 3,000.00
                                                                                                ---------
TOTAL ESTIMATED ONE TIME COSTS                                                                 $36,500.00
                                                                                                ---------
</TABLE>

                                                                     Page 2 of 4

<PAGE>

             ATTACHMENT B - ESTIMATED SUPPLEMENTAL HARDWARE/SOFTWARE
                 TOTAL INFORMATION MANAGEMENT SYSTEM - Continued

This Attachment provides a detailed estimate of anticipated costs which will be
incurred by Client for purposes of complying with support standards for the
TIMS/QM product. Final cost will be billed to the Client on an actual use basis.

<TABLE>
<CAPTION>

1.    Tape backup system (A tape system is required for support)
<S>                                                                            <C>          <C>
      A.  System 4/8GB internal tape drive, cleaner and 5 tapes
                                                                               $1,000.00    $1,000.00
                                                                                             -----------
      B.  Tape backup software                                                 $  450.00    $  450.00
                                                                                             -----------
      C.  (For Option D Super system) External Tape System (30GB DLT)          $3,750.00    $
                                                                                             -----------
2.    Remote support access system (A remote access system is
      required for support)

      A.  56K External Modem with cable                                        $  200.00    $  200.00
                                                                                             -----------
      B.  PC Anywhere for NT                                                   $  150.00    $  150.00
                                                                                             -----------
3.    UPS (Uninteruptable Power Supply) Highly recommended

      APC Smart UPS 1400 w/Power Chute                                         $  625.00    $  625.00
                                                                                             -----------
4.    NT Licenses (required to allow more than 5 concurrent users access to
      any NT server)
      Each 20 pack allows an additional 20 concurrent users        $   600.00   per pack    $
                                                                                             -----------
5.    Optical Media (Required for Optical Systems)
      8 2.6 GB platters                                                        $  500.00    $
                                                                                             -----------
TOTAL ESTIMATED SUPPLEMENTAL COST                                                           $2,925.00
                                                                                             ===========
</TABLE>

                                                                     Page 3 of 4
<PAGE>

               ATTACHMENT C - ESTIMATED RECURRING MONTHLY EXPENSE
                 TOTAL INFORMATION MANAGEMENT SYSTEM - Continued

This Attachment provides a detailed estimate of anticipated costs which will be
incurred by Client for the purpose of using the TIMS/QM product. Final cost will
be billed to the Client on an actual use basis.

1.    Report Distribution Maintenance Fees              $ 65.00  $
                                                                  ------------
2.    On-going Maintenance/Usage Fee
                                                                  ------------
      A.  TIMS/QM Stand Alone                           $300.00  $
                                                                  ------------
      B.  TIMS/QM Dual Optical Drive                    $400.00  $
                                                                  ------------
      C.  TIMS/QM Optical Juke Box                      $600.00  $
                                                                  ------------
      D.  TIMS/QM Super System                          $750.00  $
                                                                  ------------
    TOTAL ESTIMATED RECURRING MONTHLY COST                       $      400.00
                                                                  ------------

                                                                     Page 4 of 4

<PAGE>

                                   BISYS, INC.
                              TOTAL CREDIT MANAGER
                          ADDITIONAL SERVICES AGREEMENT

This Addendum letter will authorize BISYS, Inc. to provide Total Credit Manager
("TCM") to:

        Monmouth Community Bank                                   (Client) under
------------------------------------------------------------------
the terms of our existing Services Agreement, No.      CH-1901-12-97           .
                                                 ------------------------------
Fees for the use of Total Credit Manager (TCM) will be assessed per the
following schedule:

<TABLE>
<CAPTION>

<S>                                                      <C>             <C>
Total Estimated One Time Expense                         $    15,500.00  *  Per Attachment A
                                                          -------------
Total Estimated Recurring Monthly Expense                $     1,604.00     Per Attachment B
                                                          -------------
Total Estimated Installation and Training Travel Expense $     2,200.00
                                                          -------------
</TABLE>

We hereby agree to pay the above charges in consideration for the services
provided. We understand that One Half of all Hardware and TCM software One-Time
Fees will be due upon execution of this Additional Services Agreement and the
balance upon shipment. We further understand that all Training and Installation
Service Fees and related Travel and Lodging Expenses will be due as these
services are rendered. All terms and conditions in the existing Services
Agreement shall remain unchanged.

*One time charges are included in the $125,000 "one time" charge as indicated on
the contract addendum.

<TABLE>
<CAPTION>
<S>                                             <C>
                                                Client's Name:  MONMOUTH COMMUNITY BANK
                                                              -------------------------
BISYS, INC.                                     Client's
                                                City/State:  LONG BRANCH, NJ
                                                            ---------------------------
Approved by:                                    Approved by:
            ------------------------------                  ---------------------------
Name:   W.W. Neville                            Name:  Richard Lindsey
        ----------------------------------             --------------------------------
Title:  President    Date:                      Title:    President   Date:
        -------------     ---------------              -------------       ------------
</TABLE>

<PAGE>

            ATTACHMENT A - ESTIMATED LICENSE AND INSTALLATION EXPENSE
                              TOTAL CREDIT MANAGER

This attachment provides a detailed estimate of anticipated costs which will be
incurred by Client for the purpose of installing Total Credit Manager (TCM) at
the designated Client site(s) and training Client's personnel in the use of the
system, as well as other miscellaneous tasks which may be required for
installation. License fees do not include Host Gateway and interactive terminal
access charges that may be required to upload new loans. Final cost of
installation will be billed to Client on an actual use basis. The rates for each
type of service rendered are listed below.

<TABLE>
<CAPTION>
<S>                                                               <C>                       <C>
1.    Direct Loan Applicant Underwriting and Closing                                        $  9,500.00*
                                                                                             -----------
      Includes Application Management, Credit Bureau retrieval
      and data parsing, Report Manager, integrated Bankers
      System LEM compliance Documentation licensing and BISYS
      standard form set, Interactive TOTALPLUS(R) Servicing
      Systems New Loan Upload, Client product preview and System
      Administrator training at Corporate Training Facility,
      product installation and three User Training and Support
      days at Client site(s).

      Optional Software Licenses and Installation                       $ 9,500.00
      _______Indirect Loan Underwriting, Contract Validation and
      Booking
                                                                        $ 3,500.00
2.    Indirect Loan Underwriting, Contract Validation and                                   $
      Booking Only                                                                           -----------
      Includes Product Software licensing and setup, Interactive
      TOTALPLUS(R)Consumer Loan Servicing System New Loan Upload,
      Product Installation, and, three Product and System
      Administrator Training and Support days at Client site.
                                                                        $  9,500.00
3.    Applicant Credit Risk Scoring                                                         $  6,000.00*
      Includes Fair, Isaac Credit Table Pooled Data Scorecard                                -----------
      Integration Fee and annual refreshing of card(s).  Free
      sixty-day trial period.

      ______ Direct or Revolving or Indirect Lending Scorecard
      __X___ Direct and Revolving or Indirect Lending Scorecard         $  3,500.00
      ______ All Three Scorecards                                       $  6,000.00
                                                                        $  7,500.00
4.    Software Product Interfaces With Total Credit Manager                                 $
                                                                                             -----------
      Includes TCM Export or Import Processing File licensing
      and setup, Installation, and, and extra Product and System
      Administrator Training and Support day at Client site
      during TCM implementation.
                                                                        $   3,500.00
      _______Application File Import to Total Credit Manager      No One-Time Charge
      _______BSI LoanProcessor + Laser Export Ordered With TCM
      _______CFI LaserPro Closing Export Ordered With TCM         No One-Time Charge
      _______BSI LoanProcessor + Laser Export
      _______CFI LaserPro Closing Export                                $   2,500.00
                                                                        $   2,500.00
5.    Custom Laser Document Installation                                                    $
      Includes the mapping of Direct Lending Product data to                                 -----------
      custom Electronic Forms Image provided by Client or
      alternative Loan Compliance Document vendor.  Price is per
      EFI document, and does not include vendor fees for EFI
      creation of legal compliance review.

      _______Electronic Form Images at $400 per EFI Document

TOTAL ESTIMATED LICENSE AND INSTALLATION EXPENSE                                            $ 15,500.00
                                                                                             -----------
</TABLE>

<PAGE>

               ATTACHMENT B - ESTIMATED RECURRING MONTHLY EXPENSE
                              TOTAL CREDIT MANAGER

This attachment provides a detailed estimate of anticipated costs which will be
incurred by Client for the purpose of using the TCM product. Fees do not include
monthly Gateway and interactive terminal access charges which may be required to
interactively upload new loans. Final cost will be billed to the Client on an
actual use basis.

<TABLE>
<CAPTION>
<S>                                                                     <C>                 <C>
1.  Direct Loan Applicant Underwriting and Closing
                                                                                            $    925.00
Includes direct loan application processing, credit                                         -----------
underwriting with multi-agency Credit Bureau Interface, laser
document loan closing, and, ad hoc and standard report writer.          $     735.00
                                                                         -----------
Plus:
         Bankers Systems Compliance Documentation Annual Usage
_______  Estimate based upon total loan volume during previous
         12 months.  Monthly recurring cost will be adjusted
         annually based upon total loan volume during the prior
         twelve-month period.

         500 Direct Loans per annum                                     $     190.00

         Less than 700 loans annually, $190.00 per month
         701 to 1,200 loan annually, $290 per month
         1,201 to 2,000 loans annually, $355.00 per month
         2.001 to 3,000 loans annually, $515.00 per month
         3,001 to 4,000 loans annually, $675.00 per month
         More than 4,000 loans, $2.00 each, $825 monthly minimum

Optional Software Licenses and Installation
_______  Indirect Loan Underwriting, Contract Validation and
         Booking                                                        $     376.00

2.  Indirect Loan Underwriting, Contract Validation and Booking                             $
   Only                                                                                      -----------
   Includes Indirect loan application processing, credit
   underwriting with multi-agency Credit Report Interface, loan
   contract validation and dealer discounting, and, ad hoc and
   standard report writer.                                              $    633.00

3.  Applicant Credit Risk Scoring
   Includes monthly rental of Scorecard Integrator and one or
   more Fair, Isaac CreditTable Pooled Data Scorecard.                                      $    461.00
_______  Direct or Revolving or Indirect Lending Scorecard              $    225.00
___X___  Direct and Revolving or Indirect Lending Scorecards            $    400.00
_______  All Three Scorecards                                           $    575.00

Plus:

___X___   Fee Per Loan Application Scored
          58  Estimated Loan Applications Per Month                     $     61.00
          --                                                             -----------

         Up to 100 per month, $1.05 each
         Up to 250 per month, $ .80 each
         Up to 500 per month, $ .70 each
         Over 500 per month,  $ .65

</TABLE>

<PAGE>

<TABLE>
<CAPTION>
<S>                                                                     <C>                 <C>
4.  Software Product Interfaces and Optional Modules
                                                                                            $    218.00
         Import File Processor - Foreign Application File                                    -----------
         Import Option                                                  $     94.00
         BSI LoanProcessor + Laser Interface - Compliance
         Product Export                                                 $    125.00
         CFI LaserPro Closing Interface - Compliance Product
         Export                                                         $    125.00
         Archive Manager - Optical Disk Credit Application
   X     Archival                                                       $     56.00
   X     Credit Policy - Client-specific Pass-or-Fail Rulecard          $     94.00
   X     Exception Trak - Collateral Tracking and Tickler               $     68.00
         Fax Director - Branch, Dealer and Third Party
         Communications                                                 $     70.00
         NADA Integrator - Collateral Value Calculation Option          $     68.00

TOTAL ESTIMATED MONTHLY RECURRING EXPENSE

                                                                                            $  1,604.00
                                                                                             ===========
</TABLE>

               ATTACHMENT B - ESTIMATED RECURRING MONTHLY EXPENSE
                        TOTAL CREDIT MANAGER - CONTINUED

Ownership,   Use,  and   Confidentiality   -  BISYS  Products  and  Confidential
Information

A.   Client  acknowledges that all computer  programs and related  documentation
     made available,  directly or indirectly,  by BISYS to Client as part of the
     Services (the "BISYS Products") are the exclusive and confidential property
     of BISYS or the third  parties from whom BISYS has secured the right to use
     such computer programs and documentation.

B.   A  personal,  non-exclusive,  non-transferable  right and  license is being
     granted to Client to use any applications software programs included in the
     BISYS Products (the  "Application  Programs") which are delivered to Client
     as part of the Services  solely for Client's  own  business  usage.  Client
     shall not have any  interest in the  Applications  Programs  except for the
     license granted it under this Agreement.

C.   Client shall  receive all  improvements,  enhancements,  modifications  and
     updates to any Applications  Programs which are delivered to Client as part
     of the Services if and as made available by BISYS to its clients generally.
     All such improvements,  enhancements,  modifications,  and updates shall be
     delivered to Client in the form of a computer  media,  which media shall be
     provided  by Client to BISYS and shall be  installed  by Client.  If Client
     fails to install any such media  within 45 days of its receipt  from BISYS,
     BISYS shall have no further obligation to provide Client with improvements,
     enhancements, modifications, or updates to such Application Programs.

D.   Client acknowledges that it shall also be deemed a sublicensee of BISYS for
     any systems software  programs included in the BISYS Products (the "Systems
     Programs")  which are delivered to Client as part of the  Services.  Client
     agrees that it is accepting a sublicense from BISYS of the Systems Programs
     on a personal, non-exclusive,  non-transferable basis with the right to use
     such Systems Programs solely in connection with the Services.

E.   Client shall not copy, in whole or in part,  any BISYS  Products or related
     documentation,  whether in the form of computer media,  printed,  or in any
     other form.  Client shall not make any alteration,  change, or modification
     to any BISYS Products.

F.   Client shall treat as confidential  and will not disclose or otherwise make
     available  any of the  BISYS  Products  or any  trade  secrets,  processes,
     proprietary data, information,  or documentation related thereto including,
     without  limitation,  any flow  charts,  logic  diagrams,  or  source  code
     (collectively the "Confidential  Information"),  in any form, to any person
     other than employees of Client. Client will instruct its employees who have
     access to the BISYS Products and the  Confidential  Information to keep the
     same  confidential  by using the same care and discretion  that Client uses
     with respect to its own confidential  property and trade secrets.  Upon the
     termination of this Agreement, for any reason, Client shall return to BISYS
     any and all copies of the BISYS Products and the  Confidential  Information
     which are in possession.

<PAGE>

                         LICENSE/SUPPORT-LINE AGREEMENT

This Agreement is entered into by and between  ___________,  herein called Bank,
and Bankers  Systems,  Inc., a Minnesota  Corporation,  herein  called BSI. This
Agreement  will be  effective at such time as it has been signed by both parties
below.

                                    RECITALS

BSI  is in  the  business  of  developing  and  marketing  bank  regulatory  and
operational  forms, and software  products and services  related  thereto.  Bank
receives  platform  automation  and related data  processing  from BISYS,  Inc.,
herein  called  BISYS,  which  system  includes  or will  include the ability to
produce, on a laser printer, various BSI forms.

NOW,  THEREFORE,  in  consideration  of Bank's use of the BSI forms  included on
Exhibits  A-1 and B-1  (and/or  Exhibit  B-2)  (all of which  forms  are  herein
referred  to as the  Forms) on the TCM  system,  and the  mutual  covenants  and
representations herein, the parties hereby agree as follows:

1.   LICENSE. BSI hereby grants to Bank a non-exclusive  license to reproduce on
     the TCM system, for its own use only, the Forms included on such system (it
     is understood  Forms includes those forms included on Exhibits A-1 and B-1)
     (and/or  Exhibit B-2) as well as future  changes which BSI may make in such
     forms,  or additional  forms which BSI may develop or make available in the
     future).  This  license  shall run only for such time as Bank has a current
     License  Agreement with BISYS,  whose system includes the authorized use of
     the Forms.  The license is for the sole  purpose of  assisting  Bank in the
     making of loans to its  actual or  prospective  loan  customers,  and/or to
     provide  deposit  services  and  functions  for its  actual or  prospective
     deposit customers.

2.   PROPRIETARY  INTEREST AND COPYRIGHT.  BSI claims a proprietary interest and
     copyright in the Forms.  The software  system,  as developed,  must include
     notice of the BSI copyright position in the Forms. Bank agrees that it will
     not remove or cause to be removed such copyright notice from the Forms. BSI
     further  claims a  proprietary  interest in the  software  component  which
     produces the Forms,  and any loan manuals or software  manuals  provided by
     BSI in conjunction with this Agreement.  Bank acknowledges such proprietary
     and copyright  interests of BSI and agrees not to take or permit any action
     to be taken which would  compromise or dilute such proprietary to copyright
     interests of BSI.  Except for  photocopying of completed Forms or documents
     and the production of documents as  contemplated by the computer system and
     laser printer,  Bank will not print (or otherwise cause to be reproduced or
     printed) the Forms. Upon termination of the license, Bank agrees to provide
     BSI with a written  acknowledgement  that it is no longer  utilizing any of
     the  BSI  Forms.  Bank  agrees  to  continue  to pay  to  BISYS  an  annual
     maintenance fee until such written  acknowledgement  is received by BSI. If
     Bank is no longer utilizing the TCM system, Bank will pay to BSI the annual
     maintenance fee until such written acknowledgement is received by BSI.

3.   REVIEW/SUPPORT-LINE.  The Forms are developed and  maintained by BSI. It is
     understood  that the  Forms  will be  reviewed  by Bank and its  legal  and
     compliance

<PAGE>

     advisors to  determine  if their use is  appropriate  for Bank in any given
     transaction.  BSI will maintain a Support-Line for the Bank or its legal or
     compliance advisors to contact BSI as to the content and general use of the
     Forms. It is further  understood that such  Support-Line is not intended to
     be utilized for any  individual  or specific  bank  transaction,  nor is it
     intended to provide legal services to the Bank. It is the present intention
     for BSI to make no separate charge for such support. BSI reserves the right
     in the future to  institute a charge for such  support.  The  schedule  and
     charges  (as  well  as the  method  for  determining  the  charges)  may be
     determined at the  discretion of BSI, by giving  written notice to Bank. It
     is understood  that there will be no charge to Bank for this service unless
     the charges are  communicated  to the Bank and the service is then utilized
     by the Bank.

4.   BANK  INFORMATION.  Bank agrees to provide to BSI  sufficient  information,
     including  the number of loans or  accounts  processed  on an  ongoing  and
     historical basis, as well as such other information as is necessary for BSI
     to implement and monitor the program. Bank specifically agrees to cooperate
     with BSI in this  respect  and to  allow  such  reasonable  audit as may be
     necessary for BSI to determine  the number of loans or accounts  processed.
     Bank  warrants  that  the   information   provided  on  any  such  customer
     information  form is true and  accurate.  BSI  agrees to keep any such data
     confidential  and to utilize  any such data only for the  purposes  of this
     agreement.

5.   WARRANTY PROVISIONS.

     A.   EXPRESS  WARRANTY.  If Bank  sustains a Covered  Loss due to a Covered
          Deficiency  in a Form on  Exhibits  A-1,  B-1,  and/or B-2 they may be
          amended  by BSI from  time to time,  then BSI shall  reimburse  Bank's
          combined Covered Loss incurred in pursuing an unsuccessful claim or in
          defending a claim or proceeding against a successful claimant, subject
          to the terms and conditions of this Warranty Agreement.

          i.  A Covered Loss includes:

                    a.   Loss of  outstanding  interest and  principal on a loan
                         which  Bank would  otherwise  have been able to collect
                         and would have been legally entitled to receive;

                    b.   Loss  incurred  in  having  to pay or  re-pay a deposit
                         account  holder any sums Bank would not otherwise  have
                         been legally obligated to pay or re-pay;

                    c.   Fines and/or  penalties  levied against Bank by a State
                         or Federal  administrative  or regulatory  body.  Fines
                         and/or penalties  include sums Bank is ordered to repay
                         to an  account  holder or loan  debtor,  but which Bank
                         would  otherwise have been legally  entitled to receive
                         or retain;

<PAGE>

                    d.   Attorney's  fees,  including  taxable  court  costs and
                         expert witness fees,  incurred in pursuing or defending
                         a claim or proceeding covered above.

          ii.  Covered Loss Limitations:

                    a.   BSI  will  reimburse  up  to  $20,000,000  to  all  BSI
                         Customers for Aggregate Covered Losses incurred in each
                         fiscal  year  (December  1  through  November  30).  To
                         calculate  the  amount  of  reimbursement,  all  claims
                         against  BSI  (including  all  claims  for all  Covered
                         Losses for all BSI products and services) by all of its
                         customers   made   through  the  fiscal  year  will  be
                         aggregated  ("Aggregate Covered Losses").  For purposes
                         of  aggregating,  the  date a claim is  "made"  will be
                         considered to be the date BSI first receives  notice of
                         a claim  from  any  BSI  customer  for  the  applicable
                         alleged  breach  of  duty,  error or  omission.  If the
                         Aggregate  Covered  Losses  exceed  $20,000,000  in any
                         fiscal year,  all such losses  shall be prorated  based
                         upon the  proven  amount  of all  losses  among the BSI
                         customers affected.

                    b.   A Covered Loss does not include  punitive  damages.  It
                         does not  include  any  loss  incurred  if the  Covered
                         Deficiency could have been corrected but Bank failed to
                         correct the Covered  Deficiency  after  discovering the
                         deficiency or after  receiving  written notice from BSI
                         of the  existence  of  the  Covered  Deficiency  and an
                         explanation  of the means to correct it. In the event a
                         cure  or  correction  is  necessary,   a  Covered  Loss
                         includes Bank's actual  necessary  first-class  postage
                         expenses.  It  does  not  include  attorney's  fees  or
                         administrative  expenses Bank incurs in completing  any
                         cure or correction.

                    c.   In order  for a claim to be a Covered  Loss,  Bank must
                         notify an officer of BSI in writing  within thirty (30)
                         days of the date  when Bank  becomes  aware of an event
                         likely to lead to legal  action,  or an event  which is
                         likely  to lead  to  imposition  of a fine or  penalty.
                         Covered   Losses  are  limited  to  those  incurred  or
                         assessed  after such written  notice has been given and
                         BSI has  had  the  opportunity  to  investigate  and to
                         participate in the defense thereof, which participation
                         may be waived by BSI, at its sole option.

          iii. A   Covered   Deficiency   in  a   Form(s)   is  an   inadequacy,
               insufficiency,  defect or fault in the Form(s)  resulting  from a
               breach of duty,  error or  omission  performed  by  attorneys  or
               others  employed by BSI in connection  with the  development  and
               maintenance  of a Form(s) or the written  instructions  as to the
               use of a Form(s).

               A Covered Deficiency Does Not Include

               a.   Any loss  incurred by reason of actions by Bank,  BISYS,  or
                    parties  other than BSI. This  includes,  but is not limited
                    to, the following:

                    o    Any loss  incurred  if it is by reason of a Form(s) not
                         being filled out  correctly  and in  conformity  to BSI
                         manuals and written instructions;

                    o    Any loss  resulting  from  programming  done by parties
                         other than BSI;

                    o    Any loss  resulting  from a form which is not a Covered
                         Form (a Covered  Form is a form  included  on  Exhibits
                         A-1, B-1, and/or B-2);

                    o    Any loss  resulting  from use of a Form  which is not a
                         standard BSI Form;

                    o    Any loss resulting from an improper Form being selected
                         for the transaction;

                    o    Any loss  resulting from a failure to utilize or file a
                         form required to properly document the transaction;

                    o    Any loss  incurred  if the Form  has  been  altered  or
                         amended  by  anyone  other  than  BSI in  any  material
                         respect;

                    o    Any loss  incurred if a Form  selected is not  designed
                         for or appropriate for the transaction(s) involved.

               b.   Any loss  incurred if the Form(s) is not a standard  version
                    of the BSI  Form(s) as  identified  on  Exhibits  A-1,  B-1,
                    and/or  B-2,  even  if the  Form(s)  was  provided  by  BSI.
                    Standard   versions   include  the  product   identification
                    included  in  Exhibits  A-1,  B-1,  and/or  B-2 and may also
                    include  reference  to a  state.  Standard  versions  do not
                    include Form(s) identified as "custom" or "customized";

               c.   Any loss incurred if Bank commits a fraudulent act;

               d.   Any loss incurred if Bank does not use a currently supported
                    version of the Form(s).  A currently  supported version is a
                    version  being  supported  by BSI  and in  most  cases  will
                    include only the most recent revision of the Form(s);

               e.   Any loss for which Bank does not  cooperate  with BSI in the
                    defense of the claim or action.

          iv.  Express Warranty Limitations:

<PAGE>

               a.   The Express Warranty may be terminated,  amended or restated
                    by BSI giving Bank ninety  (90) days prior  written  notice.
                    Any such  termination  or amendment  shall not affect claims
                    for which BSI receives written notice prior to the effective
                    date of the  termination,  amendment or  restatement.  It is
                    agreed that Exhibits A-1, B-1,  and/or B-2 may be amended by
                    BSI  at  any  time   without   notice  to  Bank.   BSI  will
                    periodically  provide Bank with  written  notice of changes.
                    These  changes  shall  be  considered  to be a part  of this
                    Agreement.

               b.   It is agreed that this  Express  Warranty  stated the entire
                    liability  of BSI with  respect  to any loss  Bank  sustains
                    resulting  from the use of a BSI  Product(s)  and that  Bank
                    will  have no claim for  damages  against  BSI  except as is
                    stated in this Agreement.

     B.   WARRANTY DISCLAIMER,  EXCEPT FOR THE WARRANTIES EXPRESSLY SET FORTH IN
          THIS AGREEMENT,  ALL PRODUCTS  PROVIDED BY BANKERS SYSTEMS,  INC., AND
          ANY  UPDATES  THEREOF,  ARE  PROVIDED  TO BANK AS IS, AND BSI MAKES NO
          WARRANTY,  EXPRESS,  IMPLIED, BY DESCRIPTION,  BY SAMPLE OR OTHERWISE,
          AND IN PARTICULAR WITHOUT  LIMITATION,  MAKES NO IMPLIED WARRANTIES OF
          MERCHANTABILITY OR FITNESS OF PURPOSE.

     C.   NO SUBSTITUTE FOR LEGAL  COUNSEL.  Before using the Forms or any other
          forms or  documents  produced  or used  with the TCM  system,  Bank is
          advised to have its attorney  review the same to determine their legal
          sufficiency for Bank. BSI, without charge, will cooperate with Bank to
          provide such attorney, upon receipt of a fully-executed non-disclosure
          agreement,  with those Forms reasonably  needed to conduct the review.
          Bank  acknowledges that BSI is not authorized to practice law, nor may
          any of BSI's  officers,  employees or agents  provide legal counsel to
          Bank. Thus, any questions of a legal nature must be directed to Bank's
          legal counsel for which BSI has no obligation or liability.

6.   EFFECTIVE  DATE.  This  License  Agreement  is  effective  when an executed
     original is received by BSI, and executed by an officer of BSI and returned
     to Bank.

AGREEMENT:  Bank  and  Bankers  System,  Inc.  ("BSI")  hereby  enter  into  the
Agreement, upon the terms and conditions set forth herein.

================================================================================
                              AUTHORIZED SIGNATURES
BANK                                          BANKERS SYSTEMS, INC.
By                                            By
    -----------------------------                -----------------------------
Its                                           Its
    -----------------------------                -----------------------------
Date Signed                                   Date Signed
           ----------------------                        ---------------------
================================================================================

<PAGE>

                        FINANCIAL INSTITUTION INFORMATION

                       (Please print or type information)

Contact Person:                      Lending Documentation:
               ---------------------
Bank Name:                           Loan categories of Bankers Systems document
               ---------------------  usage:
Address:                              [ ]Consumer  [ ]Commercial     [ ]Mortgage
                                     Total volume of loans processed during
                                     previous 12 month period _________ to
City:                                __________ in loan categories identified
                                     above:  _____________________
               ---------------------

State & Zip:
                                     ___________ to _________:______________
               ---------------------

ABA Number

                                     ANNUAL MAINTENANCE WILL BE
                                     BASED ON THE ABOVE INFORMATION.
Date of Implementation               FORMS FOR THE STATE OF:___________
                       -------------

                       -------------

<PAGE>

                                   BISYS, INC.
                             TOTAL FINANCIAL MANAGER
                          ADDITIONAL SERVICES AGREEMENT

This Addendum will authorize BISYS,  Inc. to provide the Total Financial Manager
System ("TFM") to:       Monmouth  Community  Bank                      (Client)
                  ------------------------------------------------------
under the terms of our existing Services Agreement, No. CH-1901-12-97 .
                                                        ---------------

Fees for the use of the Total  Financial  Manager  System (TFM) will be assessed
per the following schedule:

<TABLE>
<CAPTION>

<S>                                              <C>                <C>
Total Estimated Recurring TFM Monthly Costs      $   765.00         Per Attachment A
                                                  ---------
Total Estimated TFM Installation Costs           $30,875.00     *   Per Attachment B
                                                  ---------
</TABLE>

We hereby  agree to pay the above  charges  in  consideration  for the  services
provided. All software license fees will be payable 50% at signing of Additional
Services  Agreement,  50% at  installation.  All  terms  and  conditions  in the
existing Services Agreement shall remain unchanged.

* TFM installation  costs are included in the $125,000 bundled "one time" charge
as indicated on the contract addendum.

<TABLE>
<CAPTION>
<S>                                             <C>
                                                Client's Name:  MONMOUTH COMMUNITY BANK
                                                              -------------------------
BISYS, INC.                                     Client's
                                                City/State:  LONG BRANCH, NJ
                                                            ---------------------------
Approved by:                                    Approved by:
            ------------------------------                  ---------------------------
Name:   W.W. Neville                            Name:  Richard Lindsey
        ----------------------------------             --------------------------------
Title:  President    Date:                      Title:    President   Date:
        -------------     ---------------              -------------       ------------
</TABLE>

<PAGE>

ATTACHMENT A - ESTIMATED  RECURRING  MONTHLY COSTS FOR TOTAL  FINANCIAL  MANAGER
               SYSTEM

This attachment  provides a detailed estimate of anticipated costs which will be
incurred by Client for the purpose of using the Total  Financial  Manager System
(TFM). Final cost will be billed to the Client on an actual use basis.

<TABLE>
<CAPTION>
<S>                                                             <C>             <C>              <C>

1.  Base Fee                                                                                     $  1,125.00
                                                                                                 -------------
                                                                 Single Station        LAN
                                                                ---------------- -------------
    Core Financial Package                                      [ ] $400.001     [X]   $700.001
        Includes General Ledger, Accounts Payable, Fixed
        Assets, and Investment Accounting
    TFM Core Package                                            [ ] $300.002     [ ]   $525.002
        Includes Accounts Payable, Fixed Assets, and
        Investment Accounting
    Independent Copies (If purchased individually)
        Accounts Payable                                        [ ] $  75.00     [ ]   $ 115.00
          Optional - ACH Module                                 [ ] $  25.00     [ ]   $  25.00
          Optional - Create-a-Check                             [ ] $  50.00     [ ]   $  50.00
        Accounts Payable Plus                                   [ ] $ 125.00     [ ]   $ 150.00
          Optional - ACH Module                                 [ ] $  25.00     [ ]   $  25.00
          Optional - Create-a-Check                             [ ] $  50.00     [ ]   $  50.00
        Fixed Asset                                             [ ] $  75.00     [ ]   $ 115.00
          Optional - Bar Coding                                 [ ] $  15.00     [ ]   $  15.00
    Investment Accounting                                       [ ] $ 150.00     [ ]   $ 175.00
    Safe Deposit Box Accounting                                 [X] $  50.00     [ ]   $  75.00
        Optional - ACH Module                                   [ ] $  25.00     [ ]   $  25.00
    Shareholder Accounting                                      [ ] $  50.00     [ ]   $  75.00

    Asset Liability - (ALBUM)                                   [ ] $ 250.00     [X]   $ 375.00
    Budget Synergizer - (ALBUM Plus)
        Level One                                               [ ] $ 250.00     [ ]   $ 375.00
        Level Two                                               [ ] $ 375.00     [ ]   $ 500.00
        Level Three                                             [ ] $ 525.00     [ ]   $ 650.00
    Organizational Profitability System (OPS)
        Level One                                               [ ] $ 225.00     [ ]   $ 265.00
        Level Two                                               [ ] $ 375.00     [ ]   $ 445.00
        Level Three                                             [ ] $ 525.00     [ ]   $ 640.00
    Product Profitability System (PPS)
        Level One                                               [ ] $ 225.00          N/A
        Level Two                                               [ ] $ 375.00          N/A
        Level Three                                             [ ] $ 525.00          N/A
    Cost Allocation System (CAS)
        Level One                                               [ ] $ 175.00     [ ]   $ 205.00
        Level Two                                               [ ] $ 285.00     [ ]   $ 340.00
        Level Three                                             [ ] $ 405.00     [ ]   $ 490.00
    Unit Cost System (UCS)
        Level One                                               [ ] $ 175.00          N/A
        Level Two                                               [ ] $ 285.00          N/A
        Level Three                                             [ ] $ 405.00          N/A
    Funds Transfer Pricing (FTP)
        Level One                                                     N/A        [ ]   $ 375.00
        Level Two                                                     N/A        [ ]   $ 593.00
        Level Three                                                   N/A        [ ]  $1,225.00
    TFM Executive Information System (EIS)
        Level One                                                     N/A        [ ]   $ 150.00
        Level Two                                                     N/A        [ ]   $ 300.00

</TABLE>

----------------
1    Monthly  charge  of  $450.00  or  $750.00  if  Accounts   Payable  Plus  is
     substituted for regular Accounts Payable.
2    Monthly  charge  of  $350.00  or  $575.00  if  Accounts   Payable  Plus  is
     substituted for regular Accounts Payable.

<PAGE>

<TABLE>
<CAPTION>
<S>                                                             <C>             <C>              <C>

        Level Three                                                   N/A        [ ]   $ 600.00
    Profitability Systems Opt Report Writer                     [ ]   $  25.00   [ ]   $  25.00
                                                                                                 $     65.00
2.  Per Transaction Fee

    Based on number of summarized output transactions
    processed from the TOTALPLUS(R) G/L interface:
        Transaction Base                                        [X]   $  0.025   Per Transaction, Per Month
        Total Plus Online G/L History                           [ ]   $  0.001   Per Transaction, Per Month

3.  Additional Charges

    Asset Liability (ALBUM) or Budget Synergizer (ALBUM Plus) Data File
    ______ Accounts @ $.004 per download                                                        $
                                                                                                 ------------
    Connection Charges

    ______ Pollable Terminals @ $50.00 each(3)                                                  $
                                                                                                 ------------
    ______ Pollable Terminals @ $50.00 each(3)
                                                                                                $
                                                                                                 ------------

TOTAL ESTIMATED RECURRING MONTHLY COSTS
===============================================================
                                                                                                $  1,075.00
                                                                                                =============
                                                                                 DISCOUNT       $    310.00
                                                                                                =============
                                                                                 NET RECURRING       765.00
</TABLE>

-----------------
3    If PC is already  being  polled,  then do not  include as charge is already
     being assessed.

<PAGE>

ATTACHMENT B - ESTIMATED SOFTWARE/INSTALLATION COSTS FOR TOTAL FINANCIAL MANAGER

This attachment  provides a detailed estimate of anticipated costs which will be
incurred  by Client for the  purpose of  sublicensing  Total  Financial  Manager
System (TFM),  installing,  if applicable,  at the designated Client site(s) and
training  the  Client's  personnel  in the use of the  system,  as well as other
miscellaneous  tasks  which may be  required  for  installation.  Final  cost of
sublicensing,  installation,  or  training  will be billed  to the  Client on an
actual basis. The rates of each type of service rendered are listed below.

1.  Base Fee

<TABLE>
<CAPTION>

<S>                                                             <C>                  <C>             <C>
                                                                                                     $ 31,975.00  (4)
                                                                                                     -------------
                                                                Single Station        LAN
                                                                --------------     --------------
    Core Financial Package                                      [ ]   $13,500(5)    [X]  $ 19,500(5)
        Includes General Ledger, Accounts Payable, Fixed
        Assets, and Investment Accounting
    TFM/TFS Core Package                                        [ ]   $6,800(6)    [ ]   $ 10,200(6)
        Includes Accounts Payable, Fixed Assets, and
        Investment Accounting
    Independent Copies (If purchased individually)7
        Accounts Payable                                        [ ]   $ 1,600      [ ]   $  2,400
          Optional - ACH Module                                 [ ]   $   750      [ ]   $    750
          Optional - Create-a-Check                             [ ]   $   750      [ ]   $    750
        Accounts Payable Plus                                   [ ]   $ 2,900      [ ]   $  4,400
          Optional - ACH Module                                 [ ]   $ 1,250      [ ]   $  1,250
          Optional - Create-a-Check                             [ ]   $ 1,000      [ ]   $  1,000
        Fixed Asset                                             [ ]   $ 1,600      [ ]   $  2,400
          Optional - Bar Coding                                 [ ]   $   500      [ ]   $    500
    Investment Accounting                                       [ ]   $ 3,600      [ ]   $  5,400
    Safe Deposit Box Accounting w/ACH                           [X]   $ 1,100      [ ]   $  1,800
    Shareholder Accounting                                      [ ]   $ 1,600      [ ]   $  2,400
    Asset Liability - (ALBUM)4                                  [ ]   $ 7,500      [X]   $ 11,375
    Budget Synergizer - (ALBUM) Plus4
        Level One                                               [ ]   $12,500      [ ]   $ 19,500
        Level Two                                               [ ]   $22,500      [ ]   $ 29,500
        Level Three                                             [ ]   $32,500      [ ]   $ 39,500
    Organizational Profitability System (OPS)4
        Level One                                               [ ]   $15,000      [ ]   $ 17,500
        Level Two                                               [ ]   $25,000      [ ]   $ 29,500
        Level Three                                             [ ]   $35,000      [ ]   $ 42,500
    Product Profitability System4
        Level One                                               [ ]   $15,000            N/A
        Level Two                                               [ ]   $25,000            N/A
        Level Three                                             [ ]   $35,000            N/A
    Cost Allocation System4
        Level One                                               [ ]   $11,500      [ ]   $ 13,500
        Level Two                                               [ ]   $19,000      [ ]   $ 22,500
        Level Three                                             [ ]   $27,000      [ ]   $ 32,500
    Unit Cost System (UCS)4
        Level One                                               [ ]   $11,500            N/A
        Level Two                                               [ ]   $19,000            N/A
        Level Three                                             [ ]   $27,000            N/A
    Funds Transfer Pricing (FTP)
        Level One                                                     N/A        [ ]     $ 25,000
        Level Two                                                     N/A        [ ]     $ 39,500
        Level Three                                                   N/A        [ ]     $ 75,000
    TFM Executive Information System (EIS)
        Level One                                                     N/A        [ ]     $  9,500
        Level Two                                                     N/A        [ ]     $ 19,500
</TABLE>
---------------
4     Plus travel and lodging expenses (estimated based on number of anticipated
      trips, transportation and lodging costs, etc.)

5     If Client elects to substitute  Accounts Payable Plus for Accounts Payable
      in Core Package, price is adjusted to $14,800 and $21,500, respectively.

6     If Client elects to substitute  Accounts Payable Plus for Accounts Payable
      in Core Package, price is adjusted to $8,100 and $12,200, respectively.

7     Installation and training for independent  products at special quote (plus
      travel and lodging expenses incurred).

<PAGE>
<TABLE>
<CAPTION>

<S>                                                             <C>                  <C>             <C>

        Level Three                                                   N/A        [ ]     $ 39,500
    Profitability Systems Opt Report Writer                     [ ]   $ 1,000    [ ]     $  1,000

2.  Additional Training

    _____ Days at Corporate Training Facility                   $   500          per day
                                                                                                     $            (4)
                                                                                                     -------------
    _____ Days at Regional Training Facility                    $   650          per day
                                                                                                     $            (4)
                                                                                                     -------------
    _____ Days at Client Site                                   $   1,000        per day
                                                                                                     $            (4)
                                                                                                     -------------

3.  Plus Travel and Lodging Expenses4
                                                                                                     $
                                                                                                     -------------
TOTAL ESTIMATED RECURRING MONTHLY COSTS
===============================================================
                                                                                                     $
                                                                                                     =============
</TABLE>

<TABLE>
<CAPTION>

<S>                                                             <C>             <C>              <C>
Level Definitions
                                                              Level One         Level Two        Level Three
                                                              ---------         ---------        -----------
    Budget Synergizer
      Number of Centers                                          50                100            Unlimited

    Organizational Profitability Unit
     Cost System & Cost Allocation System
      Companies                                                   1                 3             Unlimited
      Centers                                                    50                100            Unlimited
      Accounts                                                  1000            Unlimited         Unlimited

    Product Profitability
      Centers                                                    50                100            Unlimited
      Accounts                                                  1000            Unlimited         Unlimited
      Products                                                   50                 75            Unlimited
      Activities                                                 100               150            Unlimited
      Functions                                                  100               150            Unlimited

    Executive Information System
      Active Users                                               15                 25                50

    Funds Transfer Pricing
      Account Records                                          50,000            100,000          Unlimited

</TABLE>

<PAGE>

                              TOTAL ACCESS BANKING
                         ADDITIONAL SERVICES ADDENDUM TO
   SERVICES AGREEMENT NO. CH-1901-12-97 DATED           ("Services Agreement")
                          -------------      -----------

I.   ORDER

     BISYS,  Inc.  ("BISYS"),  agrees to sell the  equipment  and to license the
     computer software programs (the application system software, the sub-system
     software, and the operating system software  collectively,  the "Programs")
     collectively known as the Total Access Banking System (the "System") to the
     client  subject  to the terms and  conditions  set forth  herein and in the
     separately  executed End User Software  License  Agreement  (the  "Software
     License").

II.  TERM

     The  term of this  Addendum  shall  be  coterminous  with  the  term of the
     Services Agreement.

III. MAINTENANCE

     A.   During the term hereof, BISYS agrees to maintain the Programs licensed
          to  Client  pursuant  to the  terms  of an End User  Software  License
          Agreement  between Client and BISYS with respect to the Programs.  For
          purposes of this  Addendum,  "BISYS" shall include BISYS and any third
          party   authorized  by  BISYS  to  provide  hardware  and/or  software
          maintenance on BISYS' behalf.

     B.   Client shall receive, at no additional charge, all new versions of the
          Program(s)  and  revised  documentation  as well as all  enhancements,
          corrections,  and  alterations  produced by BISYS or received by BISYS
          from the "BISYS  LICENSOR"  (as such term is  defined in the  Software
          License) so long as Client  does not  materially  breach,  and has not
          materially breached, any provisions of the Services Agreement, the End
          User Software License Agreement, or this Addendum.

     C.   BISYS shall use all  reasonable  efforts to correct any verifiable and
          reproducible  error  or  defect  in the  Program(s)  or  replace  said
          defective  Program(s) and/or provide  assistance or services necessary
          to correct  any defect that is solely  attributable  to BISYS or BISYS
          Licensor and that significantly affects the use of the Program(s) such
          that the System does not  materially  perform in  accordance  with its
          designed  specifications.  Such  corrections or  replacements  will be
          promptly  provided upon written  notification to BISYS. At its expense
          and if  requested  by BISYS,  Client  agrees  to  provide  BISYS  with
          sufficient  support to enable BISYS to determine and diagnose problems
          encountered  in order to conclude that the problem is in fact with the
          Program(s)  and to correct  the  problem or  defect.  Corrections  for
          defects due to  unauthorized  Program changes will be billed at BISYS'
          standard rates for such services.

     D.   As more fully described  below,  BISYS shall perform such  maintenance
          service  as shall be  necessary  to keep any  equipment  purchased  or
          leased by Client from BISYS for the purpose of utilizing  the Programs
          (the  "Equipment") in, or restore the Equipment to, good working order
          operating in accordance with its specifications.

<PAGE>

          1.   If at the date the parties hereto enter into this  Addendum,  the
               Equipment  (or any  part  thereof)  is not  under  an  applicable
               warranty period from the manufacturer,  BISYS may, at its option,
               inspect and test the Equipment  within 30 days of the date hereof
               for  such  Equipment.  If  in  BISYS'  reasonable  judgment  such
               Equipment is not in good working  order,  BISYS shall restore the
               Equipment to good working  order,  and shall bill Client for such
               inspection,  test and restoration  services at prevailing  rates,
               plus travel and other direct costs.

          2.   Client shall give BISYS'  representatives full and free access to
               the Equipment upon reasonable notice.

          3.   With respect to Equipment  maintenance  services  hereunder,  the
               obligations of BISYS and Client shall be as follows:

               a.   In the event of a malfunction in the Equipment, Client shall
                    first seek telephone assistance from BISYS. BISYS and Client
                    shall  cooperate  in the  identification,  verification  and
                    possible resolution of Equipment problems;

               b.   If the  malfunction  cannot be corrected  through  telephone
                    assistance,  BISYS,  at its option,  shall  provide  on-site
                    maintenance  through  its  authorized  representative.  Such
                    representative  shall  repair or replace  all or part of the
                    Equipment and shall perform such other services necessary to
                    return  the  Equipment  to good  working  order;  or, at its
                    option,  BISYS  shall  provide  replacement  equipment  on a
                    temporary loan basis delivered by overnight courier service,
                    Monday through  Saturday,  except holidays.  Upon repair and
                    return of the  defective  Equipment  pursuant  to  paragraph
                    III.(D)(3)(c),  Client  shall  within five (5) days pack and
                    return   any   loaned   equipment    according   to   BISYS'
                    instructions.    Client   will   pay   all   packaging   and
                    transportation costs for replacement equipment shipments.

               c.   Client shall,  with the  authorization  and according to the
                    instructions of BISYS,  pack and return by overnight courier
                    the affected Equipment or part back for repair.  Client will
                    pay all transportation costs for the returned Equipment. The
                    returned Equipment shall be repaired or replaced with new or
                    equivalent to new manufacturer equipment at BISYS' option.

               d.   If the loaned  equipment  is not  returned  within  five (5)
                    days,  Client will be invoiced  for the loaned  equipment at
                    the list price then in effect.

                              TOTAL ACCESS BANKING
                    ADDITIONAL SERVICES ADDENDUM - CONTINUED

          4.   Services  outside  the scope of  BISYS'  obligations  under  this
               Addendum includes, but is not limited to the following:

               a.   Maintenance,   repair  or   replacement  of  any  peripheral
                    equipment,   including,   but  not  limited   to,   personal
                    computers, video displays,  printers, modems, linedrivers or
                    cables;

               b.   Electrical work external to the Equipment;

               c.   Repair  or  replacement  necessitated  by damage to or other
                    defects in the Equipment  resulting from causes  external to
                    the  Equipment,  including  neglect or misuse,

<PAGE>

                    unauthorized attachments or

                    modifications,  use of the  Equipment  for  other  than  its
                    intended purpose,  service or repair of Equipment by persons
                    other than BISYS or other persons authorized by BISYS;

               d.   Services in connection  with relocating the Equipment or the
                    addition  or  removal  of  item  of  Equipment  attachments,
                    features,  accessories,  or other devices, or the service of
                    alterations,  attachments,  or other devices, or the service
                    of alterations,  attachments, or other devices not furnished
                    by BISYS;

               e.   Furnishing  supplies  or other  accessories,  or painting or
                    refinishing the Equipment;

               f.   Repair or  exchange  due to damage,  or  increase in service
                    time,  caused  by  events  beyond  BISYS'  control,  such as
                    accident,  transportation,   water,  wind,  fire,  sabotage,
                    explosion,  vandalism,  burglary,  and failure of electrical
                    power,  alterations  or additions to Equipment not furnished
                    by BISYS;

               g.   Repair  or  exchange  caused  by the  failure  to  provide a
                    suitable environment  prescribed by BISYS including adequate
                    space,  electrical  power,  air  conditioning,  and humidity
                    control.

IV.  HARDWARE WARRANTY

     A.   BISYS  warrants  that the Client will  acquire good and clear title to
          the Equipment  purchased.  BISYS further warrants that for one-hundred
          eighty (180) days after  shipment,  the  Equipment  shall be free from
          defects in design,  material and workmanship and shall not fail in any
          material  respect to execute  its  programming  instructions.  Written
          notice of any claimed  defect  must be  received by BISYS  within such
          180-day period.

          THE FORGOING WARRANTY IS IN LIEU OF ALL OTHER WARRANTIES, EXPRESSED OR
          IMPLIED   (INCLUDING,    WITHOUT   LIMITATION,   THE   WARRANTIES   OF
          MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE).

          IN THE  EVENT OF ANY  LOSS OR  DAMAGE  TO THE  CLIENT,  WHETHER  UNDER
          WARRANTY,  CONTRACT OR  OTHERWISE,  DIRECT OR INDIRECT,  INCIDENTAL OR
          CONSEQUENTIAL,   BISYS  SHALL  HAVE  NO  LIABILITY  BEYOND  REPAIR  OR
          REPLACEMENT  OF  DEFECTIVE  ITEMS,  COMPONENTS  OR PARTS AS SET  FORTH
          HEREIN.  IN NO EVENT WILL BISYS BE LIABLE FOR DAMAGES IN EXCESS OF ALL
          CHARGES PAID BY THE CLIENT IN RESPECT OF ANY DEFECTIVE ITEM, COMPONENT
          OR PART UNDER THIS AGREEMENT.

     B.   BISYS  warranty  is  contingent  upon proper use of the  Equipment  in
          accordance with BISYS  installation and operating manuals and (a) does
          not cover the  Equipment  if  modified  by anyone  other than BISYS or
          BISYS' authorized  representatives;  (b) does not apply if adjustment,
          correction,   repair  or  replacement  of  the  Equipment,  wholly  or
          partially,  is  required  because of  accident,  neglect or  operating
          conditions  outside of  specifications;  (c) does not cover defects in
          any  central   processing  unit,   associated   software,   terminals,
          controllers or telephone equipment used with the System and associated
          equipment;  (d) does not cover  malfunctions  caused by  defects in or
          arising from the  installation,  training or  servicing  other than by
          authorized BISYS

<PAGE>

          representatives; and (e) does not apply if the Client has rejected any
          corrections,  updates or  modifications  made available or supplied by
          BISYS.

V.   EXPENSES

     Client shall reimburse  BISYS for any  out-of-pocket  expenses  incurred by
     BISYS in performing its  obligations  hereunder.  Expenses  include travel,
     lodging,  meals,  telephone,  and  shipping as may be  necessary to perform
     under this Addendum.

VI.  TITLE

     Any new versions of the  Program,  including  enhancements,  modifications,
     alterations,  or changes thereto  provided under this Addendum shall remain
     the  proprietary  property  of BISYS  LICENSOR to the same extent as do the
     Licensed Materials as set forth in the Software License.

VII. PRICES AND FEES

     Prices and fees are as  specified  on the  attached  Price  Schedules.  The
     schedules  are subject to change as specified  in the  Services  Agreement.
     Client hereby agrees to pay the specified  charges in consideration for the
     services and products  provided  hereunder and to abide by the terms of the
     attached Total Access Banking End User Software License Agreement;  and all
     terms and conditions in the Services Agreement shall remain unchanged.

<TABLE>
<CAPTION>
<S>                                             <C>
                                                Client's Name:  MONMOUTH COMMUNITY BANK
                                                              -------------------------
BISYS, INC.                                     Client's
                                                City/State:  LONG BRANCH, NJ
                                                            ---------------------------
Approved by:                                    Approved by:
            ------------------------------                  ---------------------------
Name:   W.W. Neville                            Name:  Richard Lindsey
        ----------------------------------             --------------------------------
Title:  President    Date:                      Title:    President   Date:
        -------------     ---------------              -------------       ------------
</TABLE>

                           TOTAL ACCESS BANKING PRICE
                                    SCHEDULE

<TABLE>
<CAPTION>

I.  PRODUCT AND MONTHLY SERVICE                        PURCHASE PRICE   AND MAINTENANCE    MONTHLY SUPPORT
<S>                                                    <C>                               <C>
     1   4 Line Analog Model                           $      24,000                     $       150
   -----
                4 Line Analog Upgrade(s)               $      10,000 / 4 Line Upgrade    $        50 / 4 line upgrade
          -----
               (20 line upgrade maximum)

    Application System
        Deposits Application                           $       5,000                     $        25
        Mortgage Loan Application                      $       3,000                     $        25
        Installment Loan Application                   $       3,000                     $        25

    Site License                                                                         $       208
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
<S>                                                    <C>                               <C>
    Installation Fee8                                  $       3,500
        Includes two (2) days on-site system
        installation and training

    Voice Response Transaction Fee
        Total Access Banking ($100 MINIMUM)                                              $       .015
    /transaction/month
        Other (Third Party) ($200 MINIMUM)                                               $        .03
    /transaction/month

    Terminal Connect Fee                                                                 $      25.00
    /line/month

II. OPTIONAL FEATURES

         Extended On-Line Availability9                                                  $      2,500/month
         The client hereby subscribes to extend
         on-line update availability.

         Card Activation & Hot Card Reporting
         Implementation                                $      2,000
         Transaction Fee ($100 MINIMUM/MONTH)                                            $1.00/transaction/month

</TABLE>

----------------
1    Plus travel and lodging expenses
2    Under the extended on-line option, the TAB system will be available 7 days
     a week, 23+ hours a day, 365 days a year except for period of
     non-availability on selected Saturdays or Sundays for required maintenance
     of the BISYS Host system hardware and/or software. BISYS agrees to provide
     clients with prior written notice of the scheduled period of
     non-availability.

                                                         Client Initials________

                            ELECTRONIC FUNDS TRANSFER
                         ADDITIONAL SERVICES ADDENDUM TO
   SERVICES AGREEMENT NO. CH-1901-12-97 DATED           ("Services Agreement")
                         --------------      -----------

Client  wishes  to  purchase  and BISYS  wishes  to sell to  Client  any and all
electronic funds transfer services  generally offered by BISYS to its clients as
described in the BISYS ATM Support and Network Access Product  Description  (the
"EFT" Services"),  including Client's  participation in the VISACHECK debit card
program as provide by VISA U.S.A., Inc., and/or VISA International (individually
and collectively  "VISA") and the Master Money debit card program as provided by
MasterCard  International  ("MasterCard").  Such  participation to be offered to
Client,  through BISYS,  by Electronic  Data Systems  Corporation  (`EDS").  The
Agreement is hereby supplemented and clarified as follows:

I.    CLIENT EQUIPMENT

      Concurrently  with its signing of this Addendum,  client will notify BISYS
      in writing as to the number and  location of any and all Client  automatic
      teller machines  ("ATMs")  through which Client will initially  access the
      EFT Services.  BISYS agrees that Client may add additional  Client ATMs to
      which BISYS agrees to provide the EFT Services  provided that Client gives
      BISYS  at least 90 days  prior  written  notice  of the  installation  and
      location of such  additional  Client  equipment  and provided that the EFT
      Services  can be provided  through  such  additional  Client  equipment in
      accordance with BISYS' then prevailing normal  procedures.  Notice of such
      additional  Client  equipment  shall be sent to BISYS at the  address  set
      forth  above.  Attention:  Director  of Client  Service,  or to such other
      address as BISYS may direct from time to time.

II.   MONITORING AND MAINTENANCE OF COMMUNICATIONS LINES AND CLIENT EQUIPMENT

      BISYS  agrees  to  monitor  client  ATM  and  related  equipment  and  the
      communications  lines  attached to such Client ATM equipment in accordance
      with BISYS' normal  procedures for the purpose of determining their status
      and  functioning.  BISYS shall  contact and inform Client of the nature of
      any  problems   detected  by  BISYS  in  accordance   with  BISYS'  normal
      procedures.  BISYS shall contact and inform the appropriate communications
      company  of  the  nature  of  any  problems   detected  by  BISYS  in  the
      communications lines in accordance with BISYS' normal procedures.  Clients
      will supply and maintain all Client ATM  equipment.  Client's  maintenance
      services shall include,  but not be limited to,  replenishing all cash and
      supplies  required by Client ATM  equipment  and  providing  all  required
      preventative and remedial maintenance.

III.  TRAINING AND DOCUMENTATION

      BISYS agrees to provide Client's employees with training in the applicable
      EFT  Services.  Such initial  training  will be at no charge to client and
      will,  at BISYS'  option,  be  provided  at a BISYS  training  facility or
      Client's  location.  Additional  training  sessions shall be held at BISYS
      training  facilities from time to time for BISYS' then prevailing  charges
      for  such  training.  Client  shall  be  responsible  for all  travel  and
      out-of-pocket  expenses  incurred by Client's  employees in attending  any
      such  training  sessions.  BISYS  will,  in  accordance  with  its  normal

<PAGE>

      procedures,  provide  Client with  copies of all  marketing  and  training
      materials relating to the EFT Services being purchased by client hereunder
      which BISYS generally makes available to clients of such EFT Services.

IV.   CARD STANDARDS.

      Client  agrees  that all access  cards  issued to  Client's  customers  to
      activate any equipment through which the EFT Services may be accessed (the
      "Access  Cards") shall  conform to the data  content,  format and encoding
      specifications  specified  by BISYS to Client from time to time during the
      term of this Agreement.

V.    ACCESS TO NETWORKS:  SETTLEMENT

      If, as part of the EFT  Services  provided  by BISYS to Client  hereunder,
      client  instructs  BISYS to provide  client  with  access to EFT  networks
      maintained by BISYS and/or third parties, Client agrees to comply with the
      rules,  regulations,  procedures,  fees, assessments,  penalties and other
      membership duties,  obligations and costs of such third party networks, as
      from time to time in effect,  which are applicable to Client.  Client will
      comply  with  all  BISYS  and  third  party  network  rules   regulations,
      procedures  and  costs  relating  to  settlement,  as from time to time in
      effect during the term of this Agreement.  If Client is  participating  in
      VISACHECK or MasterCard  debit card  program,  Client agrees to maintain a
      demand deposit account with a financial  depository  institution  which is
      capable of receiving and  processing  debits and credits  initiated by EDS
      and presented  through the automatic  Clearing  House ("ACH")  system (the
      "Settlement Account"). Client hereby authorizes BISYS and/or EDS to charge
      the  Settlement  Account for  settlement  of all  transactions  and Client
      acknowledges  that EDS may, in its sole  discretion,  delay  settlement or
      require client to deposit additional  deposits in appropriate amounts with
      EDS to offset any shortfall of funds EDS may incur as a result of settling
      such  transactions.  BISYS  shall  have no  liability  to  Client  for any
      shortfall of funds in the Settlement Account.

VI.   FILE RETENTION

      If Client requests BISYS to provide it with EFT transaction  data retained
      by BISYS in the  Client  Files in order  to aid  client  in  resolving  an
      alleged error  claimed by a Client  customer,  and it is  determined  that
      there is no BISYS  error in such  transaction,  Client  will pay BISYS its
      then prevailing  archival  retrieval  charges in providing Client with the
      requested  data. If it is  determined  that there was a BISYS error in any
      transaction  referred to above,  BISYS will provide the archival retrieval
      at no charge.  While BISYS does not have any  responsibility  in assisting
      Client in  resolving  any disputed  transaction  that is brought to BISYS'
      attention  more than 120 days after the date the alleged  error  occurred,
      BISYS  will  provide  Client the  requested  data  providing  such data is
      available at its then prevailing archival retrieval charges.

VII.  BISYS USE OF CLIENT FILES

      Notwithstanding  the  foregoing,  BISYS  may use the  Client  Files in the
      compilation  of  statistical  data  in  which  the  Client  Files  are not
      identifiable,  which  statistical  data  shall be the  sole  and  absolute
      property  of  BISYS.  BISYS  shall  have the sole  right to use,  sell and
      distribute such statistical data.

VIII. COMPLIANCE WITH LAWS

      A.    Client shall be responsible  for compliance with all applicable laws
            and  governmental   regulations   including,   without   limitation,
            compliance with error and dispute resolution procedures specified

<PAGE>

            by the Electronic  Fund Transfer Act of 1978 and the regulations and
            interpretations    promulgated   thereunder   (including,    without
            limitation,  Regulation  E of the Board of  Governors of the Federal
            Reserve  System).  If Client is  participating  in the  VISACHECK or
            MasterCard  program,  Client  represents  and warrants that client's
            bank card program  complies with all statutes,  laws and  government
            regulations  applicable to Client's  participation in such bank card
            programs  and that Client  will comply with all VISA and  MasterCard
            regulations  applicable to Client's  participation in such programs.
            BISYS shall not have any  responsibility  for  compliance  with such
            procedures or otherwise  resolving  disputes  between Client and its
            customers.  If, after the date hereof any  modifications  to the EFT
            Services shall be required by law or by any governmental  regulatory
            authority having authority over the business of Client, BISYS shall,
            except to the extent such  changes may be beyond the  capability  of
            the BISYS switch and/or the Client  equipment to implement,  conform
            the EFT  Services to be in  compliance  with such  modified  laws or
            governmental  regulations.  BISYS may at the discretion,  pass on in
            whole or in part on an  equitable  basis to all  users  the costs of
            making any such modification to the EDT Services.

      B.    If providing any of the EFT Services to Client  hereunder  violates,
            or in BISYS' opinion is likely to violate,  any  applicable  laws or
            governmental regulations,  BISYS may, upon written notice to Client,
            immediately cease providing the affected EFT Services to Client.

      C.    BISYS does not have any obligation to make  enhancements  to the EFT
            Services  which may  hereafter  be permitted  (but not  required) on
            account of changes in applicable laws or  governmental  regulations.
            Any and all such  enhancements  to the EFT Services  will be made by
            BISYS in its sole discretion.

      D.    Client  shall  provide  all  required  notices  to  the  appropriate
            regulatory  authorities  concerning  the execution or termination of
            this Agreement,  or of any  substantial  changes in the EFT Services
            being  provided to Client  hereunder.  BISYS agrees that any and all
            Client  Files  maintained  by it for  the  Client  pursuant  to this
            Agreement  shall be  available  for  inspection  by the  appropriate
            regulatory   authorities   during  regular   business  hours,   upon
            reasonable prior written notice to BISYS.

IX.   LIMITATION OF LIABILITY

      BISYS' sole  liability  under this  Agreement for money damages  resulting
      from claims made by Client,  or any third party  (including  customers  of
      Client),  arising from or related to the EFT Services performed  hereunder
      shall be  limited  to (a) the amount of cash  erroneously  dispended  at a
      Client  automated  teller  machine,  (b) the loss of funds  resulting from
      excess amounts  erroneously  transferred  from an account of a customer of
      Client  account to a third party,  and/or (c) the loss of funds  resulting
      from  amounts  erroneously  transferred  from an account of a customer  of
      Client to an  incorrect  third  party,  in each case caused  solely by (x)
      BISYS' failure to properly service,  maintain,  program or operate the EFT
      Services,  or  (y)  any  misconduct  or  negligence  of  BISYS'  officers,
      employees,  or agents in  performing  the EFT  Services.  Client agrees to
      cooperate with BISYS, at BISYS' direction and expense, in taking all steps
      necessary to recover any dispended  cash and/or funds lost  resulting from
      amounts erroneously transferred for which BISYS is liable.

                           ELECTRONICS FUND TRANSFER
                    ADDITIONAL SERVICES ADDENDUM - CONTINUED

X.    INDEMNIFICATION

<PAGE>

      Client  shall   indemnify  and  save  harmless   BISYS  from  any  claims,
      liabilities or losses, including costs and attorney's fees, resulting from
      (a) EFT  transactions  effected with lost,  stolen or misused Access Cards
      issued by, or on behalf of, Client to access the EFT Services,  and/or (b)
      action,  omission or commissions  of Client's  agents and third party host
      processors relating to the EFT Services.

      Client shall be  responsible  for the  collection  of Client's  customers'
      accounts, all losses from such accounts, all costs or expenses incurred in
      connection  with  the  collection  efforts  relative  to  such  customer's
      accounts,  the resolution of any controversy,  claim or dispute  involving
      such customers'  accounts made by the customer  relative to the debit card
      program,  the taking of action relative to the misuse or abuse of Client's
      customers'  accounts,  and the establishment and maintenance of the Client
      customers' authorization limits.

XI    GENERAL

      Except  for the  additional  terms and  conditions  contained  in this EFT
      Services Addendum,  the Agreement and other Addenda,  if any, shall remain
      in full  force and  effect.  Client  hereby  agrees  to pay the  specified
      charges in  consideration  for the services and products  provided  with a
      payment  of 50% of all  one-time  non-recurring  charges  due at  contract
      signing.  All terms and conditions in the Services  Agreement shall remain
      unchanged.  If there is any conflict  between the terms and  conditions of
      this  Addendum and the other terms and  conditions of the Agreement as may
      be amended to which the Addendum forms a part, the terms and conditions of
      this Addendum shall prevail.

<TABLE>
<CAPTION>
<S>                                             <C>
                                                Client's Name:  MONMOUTH COMMUNITY BANK
                                                              -------------------------
BISYS, INC.                                     Client's
                                                City/State:  LONG BRANCH, NJ
                                                            ---------------------------
Approved by:                                    Approved by:
            ------------------------------                  ---------------------------
Name:   W.W. Neville                            Name:  Richard Lindsey
        ----------------------------------             --------------------------------
Title:  President    Date:                      Title:    President   Date:
        -------------     ---------------              -------------       ------------
</TABLE>

<TABLE>
<CAPTION>

                            ELECTRONIC FUNDS TRANSFER
                         ADDITIONAL SERVICES ADDENDUM TO
   SERVICES AGREEMENT NO. CH-1901-12-97 DATED          ("SERVICES AGREEMENT")
                          -------------      ----------

                                  ATM SERVICES

Expense Description                                               Onetime                  Recurring
-------------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>                              <C>
I.  BASE FEES
      Base Service Fees                                                                       $      400.00
      Includes:
      Institution Data File
      Standard Daily/Monthly Report
      Positive Balance File Backup
      Host Support
      Card Management

II. TERMINAL DRIVING
      ATM Set-up Fee (First ATM)                             $        1,000.00
      Set-up Fee Each additional ATM                         $          500.00
      Terminal Driving Support:
         1 - 10                                                                               $      100.00   each
         10 - 20                                                                              $       75.00   each
         21 - 30                                                                              $       50.00   each
         31 +                                                                                 $       25.00   each

III.  TRANSACTION PROCESSING
      On-Line Processing
      On-Us Transactions:                                                                     $        0.08   each
      Foreign Transactions:
      1           -    5,000                                                                  $        0.12   each
      5,001       -    10,000                                                                 $        0.11   each
      10,001      -    25,000                                                                 $        0.10   each
      25,001      -    50,000                                                                 $        0.09   each
      50,001      -    100,000                                                                $        0.07   each
      100,001     -    500,000                                                                $        0.06   each
      500,001     -    1,000,000                                                              $        0.05   each
      1,000,001   -    2,500,000                                                              $        0.04   each
      2,500,000 +                                                                             $        0.04   each

      Batch Off-Line Posting Items                                                            $        0.10   each

IV.   CARDHOLDER PROCESSING
      # of Cardholder Records on File (ATM Card Only)                                         $        0.04   each
V.    NETWORK INTERFACES
      Network Connection                                     $           1,500  /Network
      Network Interface (1-3 Networks)                                                        $      125.00   per month
      Each Additional Network                                                                 $       25.00   each
      Plus/Cirrus Correspondent Member Fee                                                    $       50.00   each

</TABLE>

<PAGE>

<TABLE>
<CAPTION>
<S>                                             <C>
                                                Client's Name:  MONMOUTH COMMUNITY BANK
                                                              -------------------------
BISYS, INC.                                     Client's
                                                City/State:  LONG BRANCH, NJ
                                                            ---------------------------
Approved by:                                    Approved by:
            ------------------------------                  ---------------------------
Name:   W.W. Neville                            Name:  Richard Lindsey
        ----------------------------------             --------------------------------
Title:  President    Date:                      Title:    President   Date:
        -------------     ---------------              -------------       ------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                            ELECTRONIC FUNDS TRANSFER
                         ADDITIONAL SERVICES ADDENDUM TO
   SERVICES AGREEMENT NO. CH-1901-12-97 DATED          ("SERVICES AGREEMENT")
                          -------------      ----------

                               DEBIT CARD SERVICES

Expense Description                                               Onetime                  Recurring
-------------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>                              <C>
I.  BASE FEES
      Debit Card Services                                    $    2,000.00                    $      300.00
      Cardholder File Formatting:                            $      400.00
      Debit Card On-line Terminal License                                                     $       75.00
      On-line Terminal Access Fee                                                             $        0.25   per minute

II. TERMINAL DRIVING
      Off-line Debit Card Transactions:
      Debit Card Authorizations                                                               $        0.08   each
      Debit Card Transaction Postings                                                         $       0.075   each
      Charge backs/Representment                                                              $       10.00   each
      Retrievals                                                                              $        7.50   each

III.  CARDHOLDER PROCESSING
      # of Cardholder Records on File (Visa Check/Master                                      $        0.06   each
Money)
      On-line Debit Card Maintenance Updates                                                  $       0.015   each

</TABLE>

<TABLE>
<CAPTION>
<S>                                             <C>
                                                Client's Name:  MONMOUTH COMMUNITY BANK
                                                              -------------------------
BISYS, INC.                                     Client's
                                                City/State:  LONG BRANCH, NJ
                                                            ---------------------------
Approved by:                                    Approved by:
            ------------------------------                  ---------------------------
Name:   W.W. Neville                            Name:  Richard Lindsey
        ----------------------------------             --------------------------------
Title:  President    Date:                      Title:    President   Date:
        -------------     ---------------              -------------       ------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                            ELECTRONIC FUNDS TRANSFER
                         ADDITIONAL SERVICES ADDENDUM TO
   SERVICES AGREEMENT NO. CH-1901-12-97 DATED           ("SERVICES AGREEMENT")
                          -------------      ----------

                                  CARD SERVICES

Expense Description                                               Onetime                  Recurring
-------------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>                              <C>
I.  CARD PRODUCTION SERVICES

    Programming Development Start Up                         $      200.00  per BIN
    Card Production and Design                                   per quote
    Card Order Processing BISYS Preferred Vendor                                              $       50.00   per month*
    Additional Card Orders Above Standard                                                     $       10.00   per file
    Non-Preferred Vendor Card Order                                                           $       50.00   per file, plus
                                                                                              $        0.03   per record
    Processing:
        ATM Cards:
        Standard orders
               Card and PIN                                                                   $        0.80   each
               Card Only                                                                      $        0.55   each
               PIN Only                                                                       $        0.25   each
               Additional Inserts                                                             $        0.05   each**
        Mass Issue Files (20,000+ Cards)
               Card and PIN                                                                   $        0.70   each
               Card Only                                                                      $        0.45   each
               PIN Only                                                                       $        0.25   each
               Additional Inserts                                                             $        0.05   each**
        VISA Check/MasterMoney Debit Cards
               Card and PIN                                                                   $        1.00   each
               Card Only                                                                      $        0.75   each
               PIN Only                                                                       $        0.30   each
               Additional Inserts                                                             $        0.05   each
        Special Handling Charges
               VIP Orders                                                                     $       25.00   each
               Card Pulls                                                                     $       10.00   each
               Custom Card Carrier and                                                            Cost plus     10%
               envelopes
</TABLE>

*    Standard equals two files per week per month.  Additional files are charged
     at $10.00 per file.
**   Base price includes  standard generic carrier and envelope with one insert.
     Additional inserts charged at $0.05 each.

<TABLE>
<CAPTION>
<S>                                             <C>
                                                Client's Name:  MONMOUTH COMMUNITY BANK
                                                              -------------------------
BISYS, INC.                                     Client's
                                                City/State:  LONG BRANCH, NJ
                                                            ---------------------------
Approved by:                                    Approved by:
            ------------------------------                  ---------------------------
Name:   W.W. Neville                            Name:  Richard Lindsey
        ----------------------------------             --------------------------------
Title:  President    Date:                      Title:    President   Date:
        -------------     ---------------              -------------       ------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                            ELECTRONIC FUNDS TRANSFER
                         ADDITIONAL SERVICES ADDENDUM TO
    SERVICES AGREEMENT NO. CH-1901-12-97 DATED           ("SERVICES AGREEMENT")
                           -------------      ----------

                                SPECIAL SERVICES

Expense Description                                         Onetime                      Recurring
--------------------------------------------------- ------------------------ -----------------------------------
<S>                                                          <C>                                       <C>
I.  CONVERSION IMPLEMENTATION CHARGES

    ATM Conversion Support BISYS Platform                    $      500.00
    Conversion Support non-BISYS Platform                    $    1,500.00
    Deconversion Support                                     $    2,000.00
    Additional Deconversion Files                                                             $      200.00   per file

II. CARDHOLDER PROCESSING

    Customer Authorization File Creation                     $      500.00
    CAF File Conversion runs                                 $      750.00
    Additional CAF Conversion runs                                                            $      200.00   per run
    Negative Stand-in File                                   $      200.00                    $       50.00   per month
                                                                                                 plus $0.05   per record
    Cardholder File Purge                                    $      500.00
    Special Reports                                          $      250.00                    $       30.00   per report
    Special Statistical Reporting                            $      250.00                    $       75.00   per report

III.    SPECIAL SERVICES

    ATM Add/Modify/Delete                                    $      500.00per ATM
    Custom Applications:
         Programming                                         $      250.00per hour
         Download Charge                                     $      500.00per ATM load
    Technical Support                                        $      250.00per hour
    Consulting Services                                      $      250.00/hr. plus
                                                                          expenses
    Computer Test Time                                       Cost plus 10%
    Database Changes
         30 days notice                                      $       50.00per change
         5 days notice                                       $      100.00per change
         24 hours or less notice                             $      250.00per change
    Debit Card Compliance Investigations                                                      $       30.00   per transaction
    Debit Card Quarterly Reporting                                                            $      300.00   per report
    ATM Foreign Language Support                             $    1,250.00language            $       25.00   per language/ATM
    Surcharging                                              $      500.00                    $       25.00   per month/ATM
    Expanded Receipt                                         $    1,000.00                    $       25.00   per month/ATM
    Surcharge Exemption Support                              $      500.00per bin             $      100.00   per month

IV. TRAINING

    Additional Training Programs                             $      800.00per session, plus expenses

</TABLE>

<PAGE>

<TABLE>
<CAPTION>
<S>                                             <C>
                                                Client's Name:  MONMOUTH COMMUNITY BANK
                                                              -------------------------
BISYS, INC.                                     Client's
                                                City/State:  LONG BRANCH, NJ
                                                            ---------------------------
Approved by:                                    Approved by:
            ------------------------------                  ---------------------------
Name:   W.W. Neville                            Name:  Richard Lindsey
        ----------------------------------             --------------------------------
Title:  President    Date:                      Title:    President   Date:
        -------------     ---------------              -------------       ------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                            ELECTRONIC FUNDS TRANSFER
                         ADDITIONAL SERVICES ADDENDUM TO
  SERVICES AGREEMENT NO. CH-1901-12-97 DATED            ("SERVICES AGREEMENT")
                           -------------    ------------

                                SPECIAL SERVICES

Expense Description                               Onetime                      Recurring
---------------------------------------------------------------------------------------------------
<S>                                                                           <C>

V.  PASS THROUGH CHARGES

    Postage                                                                   At Cost
    VISA/MasterCard Fees and Assessments                                      At Cost
    Travel Expenses Incurred on behalf of                                     At Cost
Client
    Courier Expenses                                                          Cost plus 20%
    Communication Charges                                                     Cost plus 20%
    Third Party POS Fees                                                      Cost plus 20%

</TABLE>

<TABLE>
<CAPTION>
<S>                                             <C>
                                                Client's Name:  MONMOUTH COMMUNITY BANK
                                                              -------------------------
BISYS, INC.                                     Client's
                                                City/State:  LONG BRANCH, NJ
                                                            ---------------------------
Approved by:                                    Approved by:
            ------------------------------                  ---------------------------
Name:   W.W. Neville                            Name:  Richard Lindsey
        ----------------------------------             --------------------------------
Title:  President    Date:                      Title:    President   Date:
        -------------     ---------------              -------------       ------------
</TABLE>

<PAGE>

                             MONMOUTH COMMUNITY BANK
                                    EXHIBIT B
<TABLE>
<CAPTION>

One Time Installation Charges
-----------------------------
<S>                                                                                 <C>
Conversion Charge and Installation for the following Products and Services:         $125,000.00(10)

Conversion Services
Total Financial Manager Core Package for the LAN
ATM Processing (1 ATM terminal)
Debit Card Processing
Total Information Management System/Query Mode
Total Credit Manger
Commercial Lending Suite
Total Access Banking
Safe Deposit Box Accounting
Asset Liability Management

</TABLE>

-------------
11    This amount will be invoiced to Client as; (i)  $50,000.00  upon execution
      of this Agreement and Addendum,  and (ii)  $75,000.00  will be invoiced in
      equal  monthly  installments  of  $3,125.00  during the first  twenty-four
      months of the Initial Period.

<PAGE>

                             MONMOUTH COMMUNITY BANK
                                    EXHIBIT C

                           Special Processing Services
                           ---------------------------
<TABLE>
<CAPTION>

                                                                              Estimated Monthly Cost
                                                                              ----------------------

<S>                                                                              <C>
Online ATM Processing Services                                                   $      868.00
Online Debit Card Processing                                                     $      381.00
TIMS/QM Optical System                                                           $      400.00
Disaster Recovery Assessment                                                     $      213.00
        +      Plus 4% of Standard Processing Services and Total Financial
               Manager and Terminal/Oracle Services
Safe Deposit Box Reporting                                                       $       50.00
Terminal/Oracle Services                                                         $      560.00
Total Access Banking                                                             $      633.00
Commercial Lending Suite (STAN and REACT) and CFI Laser Pro                      $      951.00
Total Financial Manager                                                          $      765.00
Total Credit Manager                                                             $    1,368.00
Electronic Forms

Terminal/Oracle Services - $40.00 per seat
Electronic Forms - $50.00 per branch

</TABLE>

<PAGE>

                             MONMOUTH COMMUNITY BANK
                                    EXHIBIT A

Deposit Accounts Processing
Loan Account Processing
Year End Reporting (forms and rendering charges are not included in the Fixed
Monthly Charge)
Central Information File
Branch Automation
ACH Processing

<PAGE>

             ATTACHMENT A - ESTIMATED ONE-TIME AND TRAINING EXPENSE
                            COMMERCIAL LENDING SUITE

This attachment provides a detailed estimate of the one-time initiation fee that
will be incurred by Client for the purpose of employing the  Commercial  Lending
Suite ("CLS")  products for the designated  number of users, for training Client
personnel in the use of the CLS products,  and for software sublicensed by BISYS
in support of CLS product suite integration. The actual fees for the product mix
installed, plus training and related expenses, will be billed. The one-time fees
for each component ordered are listed below.

1.     Commercial Relationship Management Software, Documentation and Support

<TABLE>
<CAPTION>
       <S>                                                                     <C>            <C>
       Includes BISYS Client Site Services telephone support, complete user
       documentation, and first full year prepaid product maintenance.
       Client implementation assistance and product training requirements
       vary by component and are priced separately.                                           $    4,105.00
                                                                                              ----------------

       _____  Any single ONE POINT SUITE (Three Simultaneous Users) product
              chosen from:  Loan Marketing and Relationship Prospecting
              (MARKET); or, Loan Pricing and Relationship Profitability
              (PRICE); or, Statement Spread and Risk Analysis with Designer
              Option (STAN); or, Collateral and Loan Covenant Exception
              Tracking (REACT).                                                $    2,075.00
              _____ Six Simultaneous Users                                     $    3,370.00
              _____ Ten Simultaneous Users                                     $    4,210.00

       _____  Any Two ONE POINT SUITE (Six Simultaneous Users) product
              chosen from:  Loan Marketing and Relationship Prospecting
              (MARKET); and/or, Loan Pricing and Relationship Profitability
              (PRICE); and/or, Statement Spread and Risk Analysis with
              Designer Option (STAN); and/or, Collateral and Loan Covenant
              Exception Tracking (REACT).                                      $    4,105.00
              _____ Ten Simultaneous Users                                     $    4,860.00
              _____ Twenty Simultaneous Users                                  $    7,300.00

       _____  Any Three ONE POINT SUITE (Six Simultaneous Users) product
              chosen from:  Loan Marketing and Relationship Prospecting
              (MARKET); and/or, Loan Pricing and Relationship Profitability
              (PRICE); and/or, Statement Spread and Risk Analysis with
              Designer Option (STAN); and/or, Collateral and Loan Covenant
              Exception Tracking (REACT).                                      $    4,235.00
              _____ Ten Simultaneous Users                                     $    5,505.00
              _____ Twenty Simultaneous Users                                  $    8,250.00

       _____  The Full ONE POINT SUITE (Six Simultaneous Users) product
              chosen from:  Loan Marketing and Relationship Prospecting
              (MARKET); and, Loan Pricing and Relationship Profitability
              (PRICE); and, Statement Spread and Risk Analysis with Designer
              Option (STAN); and, Collateral and Loan Covenant Exception
              Tracking (REACT).                                                $    4,575.00
              _____ Ten Simultaneous Users                                     $    6,475.00
              _____ Twenty Simultaneous Users                                  $    9,710.00

       _____  DATA IMPORT FACILITY Single Simultaneous User BISYS Host Data
              Download and Foreign File Import Facility                        $    2,000.00

       _____  ROBERT MORRIS ASSOCIATES DATA Included with Full Suite           $    1,000.00

       _____  LENDING LIBRARY Three Simultaneous User RMA Credit
              Considerations, Lending to Specific Industries and Commercial
              Lending Journal Multi-Topical Index Library, Updated Quarterly   $      278.00

</TABLE>

<PAGE>

<TABLE>
<CAPTION>
       <S>                                                                     <C>            <C>
       _____  LOAN GRADER Three Simultaneous User Client-Specific Portfolio
              Review Rule Card and Loan Grading                                $    2,075.00
              _____ Six Simultaneous Users                                     $    2,885.00

       _____  RECOVER Three Simultaneous User (DOS) Loan Charge-Off and
              Recovery Accounting System                                       $      960.00

2.     Product Suite Implementation, Training and Consulting

                                                                                              $    2,700.00
                                                                                              ----------------
       _____  Client site process setup assistance and product training days   $    2,700.00
              at $900 per day.  Fee does not include consultant or trainer
              T&LE.
                                                                               --------------

TOTAL ESTIMATED ON-TIME FEES                                                                  $    6,805.00
                                                                                              ================
</TABLE>EXHIBIT 10.8

                       QUESTPOINT CHECK SERVICES AGREEMENT

     SERVICES  AGREEMENT  made as of this  1st day of  August,  1998  (Effective
Date),  by and between  QuestPoint  Check  Services,  L.P.,  a Delaware  limited
partnership   (QuestPoint)   and  Monmouth   Community   Bank   (Customer).   In
consideration  of the  payments  to be made and  services  performed  under this
Agreement  and for other good and  valuable  consideration  and  intending to be
legally bound, QuestPoint and Customer agree as follows:

     1. SERVICES.

     (a) Schedule A and Other Services. QuestPoint agrees to provide to Customer
the  QuestPoint  services  which are described in Schedule A  (Services).  Other
services  that are not  included  in Schedule A but which  Customer  request and
QuestPoint agrees to provide shall also be included within the definition of the
term Services.  QuestPoint may from time to time review and modify the Services,
including  changing  the  locations  used in  providing  the Services to improve
service  efficiency  or economy or to comply or enable  Customer  to comply with
applicable  federal and state laws,  rules and  regulations  and clearing  house
rules.  QuestPoint  will  give  Customer  prior  notice  of such  changes  which
materially affect Customer's  procedures,  deliveries or reporting.  If Customer
desires  to make  any  modifications  to the  Services,  Customer  shall  notify
QuestPoint of such desired  modifications  and QuestPoint shall promptly deliver
to  Customer  a proposal  describing  the  effect of such  modifications  on the
Services  and the fee to  Customer  for the  Services  as  amended.  If Customer
accepts  QuestPoint's  proposal and elects to implement the  modifications,  the
proposal shall be adopted as an amendment to this Agreement.

     (b)  Relationship  Manager.  Each party  shall  designate  an officer to be
responsible  for the  administration  of this  Agreement  on its  behalf and the
coordination of the performance by the parties of their  obligations  hereunder.
QuestPoint and Customer will cause such respective officers to be available from
time to time to confer with each other about this  Agreement and the delivery of
the Services.

     (c) Exclusivity.  During the term of this Agreement, Customer is prohibited
from  engaging a third  party  processor  other than  QuestPoint  to provide the
Services  and is  prohibited  from  performing  the  Services  itself  provided,
however,  that  QuestPoint  agrees to service the geographic area and processing
volumes that require Services.

     (d) Right to Bid. If during the terms of this Agreement  Customer  acquires
an entity which otherwise  receives  services similar to the Services,  Customer
shall notify  QuestPoint of such acquisition and allow QuestPoint an opportunity
to bid on providing the Services to the acquired entity.

     2. CUSTOMER RESPONSIBILITIES AND AUTHORIZATIONS. Customer agrees to perform
each of the Customer obligations and  responsibilities  described in Schedule A.
Customer  will  provide  at  its  own  expense  all   equipment,   programs  and
communication lines necessary to interface to QuestPoint's systems, programs and
equipment used from time to time in providing the Services.  Customer authorizes
QuestPoint to access any postal box  maintained  by Customer in connection  with
the  Services.  If the  Services  include  item  collection  services,  Customer

<PAGE>

authorizes  QuestPoint  to supply  the bank of first  deposit  endorsement,  any
missing  endorsement or otherwise endorse or stamp items for collection and take
all such action as Customer would be authorized to take to effect  collection on
behalf of Customer.  Customer shall  cooperate with QuestPoint in the completion
and  execution  of  forms  and  authorizations  as may be  necessary  to  permit
QuestPoint  to provide the Services.  Customer  consents to the placement of the
QuestPoint  logo or graphic symbol on any periodic  statements,  reports or data
displays prepared for Customer as part of the Services.

     3. CHARGES AND PAYMENT TERMS.

     (a) Schedule B and Other Charges. Customer agrees to pay QuestPoint for the
Services  as  provided  in  Schedule  B and  as  otherwise  mutually-agreed  for
additional  and  modified  Services  (Charges).  QuestPoint  will send  Customer
invoices  on a monthly  basis for  Services  rendered  (as for the  minimum  fee
provided  in  Section  3(b),  and  Charges  billed.  Invoices  shall be due upon
receipt.  A service charge at the rate of one and one-half  percent (1 1/2%) per
month (18% per annum)  shall accrue and be payable by Customer on the portion of
any invoice that remains  unpaid for more than thirty (30) days from the date of
the invoice.  Customer shall be responsible for payment of all taxes  applicable
to the Services that are measured  directly or indirectly by payments made under
this Agreement or that are otherwise required to be collected in connection with
the Services, excluding franchise, employment and property taxes and taxes based
on the net income of QuestPoint.  QuestPoint  may invoice  Customer for any such
taxes for which Customer is responsible.  Unless otherwise  provided in Schedule
B, the  Charges  on  Schedule  B may be  increased  by CPI  effective  the first
anniversary  date of this Agreement and anytime  thereafter if QuestPoint  sends
notice of the reasonable and  appropriate  modifications  to the Charges anytime
(i) for changes in the Services  required to comply with laws,  regulations  and
clearing house rules or deemed  necessary by QuestPoint to improve the Services,
and/or (ii) because of increase in costs to QuestPoint of providing the Services
provided  that any such  increase  in  Charges  is in direct  proportion  to the
increase  in such costs and  QuestPoint  provides  Customer  with  documentation
demonstrating  the increased  costs to QuestPoint.  Quest agrees to give written
notice to Customer of such  modifications  to the Charges as soon as  reasonably
practicable.

     (b)  Minimum  Charge.  The  minimum  monthly  Charge  shall  be  $1,500.00,
excluding  expenses  and Other  Charges  under  Schedule B. The minimum  monthly
charge  shall  begin  three (3)  months  after  the  Customer  begins  receiving
Services.

     4. CONFIDENTIALITY. QuestPoint and Customer each agree that all proprietary
or  confidential  information  (including,   without  limitation,  any  and  all
QuestPoint intellectual property,  pricing information and Services Information,
the terms and  conditions of this  Agreement and Customer  information  which is
designated  as  confidential)  communicated  to one  party by the  other  party,
whether  before  or  after  the  date of this  Agreement,  will be  received  in
confidence,  and will not be  disclosed  by the  receiving  party,  its  agents,
subcontractors  or employees,  without prior written  consent of the  disclosing
party,  except  as may be  required  by  QuestPoint  in the  performance  of the
authorities  having  jurisdiction over Customer or QuestPoint,  a business or as
may be  otherwise  be  required by law.  Each party  receiving  confidential  or
proprietary information from the other party shall take all reasonable steps and
precautions to ensure that only those of its officers,  employees subcontractors
and  permitted

                                       2
<PAGE>

agents with a need to know or a need to have access to such  information  solely
in  connection  with the  performance  of this  Agreement  have  access  to such
information,  and that each such person shall keep the information  confidential
in accordance  with the  provisions of this Section 4. In no event will Customer
divulge any QuestPoint proprietary or confidential information to any competitor
of  QuestPoint  or use it to compete with  QuestPoint.  The  provisions  of this
Section  4 shall  survive  the  termination  of  this  Agreement.  The  Customer
acknowledges  and agrees that the remedy at law for any breach of the provisions
of this Section 4 will be  inadequate  and that  QuestPoint,  in addition to any
other  relief  available to it,  shall be entitled to  temporary  and  permanent
injunctive relief without the necessity of proving actual damages.

     5. REPRESENTATION AND WARRANTIES.

     (a) Customer represents, warrants and agrees that (i) it has good title and
ownership of all checks, cash and other items and information to be collected or
received by  QuestPoint,  (ii) it shall pay,  when due, all Charges  invoiced by
QuestPoint  in  accordance  with  this  Agreement,  (iii) it is duly  organized,
validly  existing and in good standing under the laws of the jurisdiction of its
organization  and that it has all  requisite  power and  authority to enter into
this Agreement and [TEXT MISSING]

ALL  WARRANTIES   WITH  RESPECT  TO  THE  AGREEMENT,   SERVICES  AND  QUESTPOINT
INTELLECTUAL  PROPERTY,  INCLUDING,  BUT NOT  LIMITED  TO,  EXPRESS  AND IMPLIED
WARRANTIES  OF  MERCHANTABILITY,  FITNESS  FOR  A  PARTICULAR  PURPOSE  AND  ALL
WARRANTIES  UNDER THE PROVISIONS OF THE UNIFORM  COMMERCIAL CODE RELATING TO THE
TRANSFER  AND  PRESENTMENT  OF CHECKS AND ITEMS,  THE  ACCEPTANCE,  HANDLING AND
PROCESSING  OR ANY  CHECKS  OR  OTHER  ITEMS  UNDER  THIS  AGREEMENT  SHALL  NOT
CONSTITUTE  OR BE CONSTRUED AS THE MAKING OF A WARRANTY OF ANY KIND BY QUESTPONT
ON BEHALF OF OR TO  CUSTOMER  OR TO ANY THIRD  PARTY  WITH  RESPECT  TO ANY SUCH
CHECKS OR ITEMS.

     6. LIABILITY LIMITATION AND INDEMNITY.

     (a) Customers  Remedy.  The liability of QuestPoint  for any and all actual
loss  incurred  during any Contract  Year (as  hereinafter  defined)  will never
exceed a total amount equal to the Monthly  Average  Charge paid to  QuestPoint.
The term Monthly Average Charge as used in this Section 6(a) shall be determined
by totaling the monthly  Charges for Customer  occurring  over the Contract Year
immediately  preceding the events  leading to the actual loss, and dividing such
total by 12 (or if 12 months have not yet elapsed after the Effective  Date, the
monthly  average of fees paid to QuestPoint  for the months that this  Agreement
has been in effect  following the Effective  Date).  The monthly Charges used to
calculate the Monthly  Average  Charge shall exclude  expenses and Other Charges
under  Schedule  B.  Customer  shall  provide   QuestPoint  with   documentation
sufficient to demonstrate  any loss actually  incurred by Customer and for which
Customer seeks damages from QuestPoint and which also demonstrates that the loss
was  caused by  QuestPoint.  QuestPoint  shall not be  responsible  for any loss
incurred by  Customer  from a claim that is settled or  compromised  by Customer
without  the prior  written  approval of rights and  remedies  of Customer  with
respect to any claim for loss that is paid by

                                       3
<PAGE>

QuestPoint.  The term  Contract  Year  refers to the twelve  (12)  month  period
immediately after the Effective Date and each anniversary date thereafter.

     (b) No Liability for Consequential  Damages. In no event will QuestPoint be
liable to Customer or to any third party for any  indirect,  special,  punitive,
incidental,  consequential or compensatory losses,  damages, claims or causes of
action,  including,  but not  limited  to,  those  arising  from loss of data or
profits  or any  other  economic  loss,  even if  QuestPoint  was  aware  of the
possibility of such damages.

     (c) Liquidated Damages;  No Right of Set-Off.  The remedies provided for in
this  Section 6 are  liquidated  damages  and  Customer  agrees  to accept  such
remedies in full and  complete  satisfaction  of any and all claims or causes of
action  for  losses  or  damages  which  it may  have  against  QuestPoint,  its
affiliates,   directors,   officers,  employees,  agents  or  subcontractors  in
connection with this Agreement and the Services,  at law or in equity.  Customer
shall not  withhold,  reduce or adjust any payment  required  by this  Agreement
because of any performance-related claim or cause of action.

     (d)  Customer  Indemnity  of  QuestPoint.  In the  event of any  breach  by
Customer of this Agreement or material  misrepresentation or omission,  Customer
agrees to indemnify  QuestPoint  and hold  QuestPoint  harmless from any and all
damages,  claims and/or losses  resulting  from or related to any such breach or
material   misrepresentation   or  omission,   including,   without  limitation,
reasonable attorney's fees and expenses, incurred by QuestPoint. Customer agrees
to indemnify, defend and hold QuestPoint and its directors, officers, agents and
affiliates  harmless  from and  against  all  damages,  liabilities,  costs  and
expenses, including without limitation, reasonable attorneys' fees and expenses,
arising from any claim or action by a third party arising out of or with respect
to this Agreement or the Services.

     (e)  Force  Majeure.  Notwithstanding  anything  in this  Agreement  to the
contrary,  QuestPoint will not be liable for any failure or delay in performance
which is  attributable  to acts or events  (including  but not  limited  to war,
conditions  or  events of  nature,  civil  disturbances,  work  stoppage,  power
failures,  fires or acts or  omissions of the U.S.  Postal  Service or any other
third  party,   or  increases  in   processing   volumes   because  or  mergers,
acquisitions,  consolidations  on other  business  activities  of Customer  that
exceed the capacity of QuestPoint to handle such  volumes)  beyond  QuestPoint's
control.  Customer shall use its best efforts to notify  QuestPoint  promptly of
changes  in  business  activities  that might  cause  material  fluctuations  in
processing  volumes.  Processing volumes in excess of the capacity of QuestPoint
shall be processed as mutually-agreed between the parties.

     (f) Customer's sole and exclusive recourse and remedy for any loss shall be
as set forth in this Section 6. The indemnification  obligations of this Section
6 shall survive the termination of this Agreement.

     7. TERMS AND TERMINATION.  This Agreement shall be effective for an initial
term of five (5) years  beginning on the Effective  Date.  This Agreement  shall
automatically  renew for additional one (1) year terms provided,  however,  that
either party may terminate  this  Agreement  effective as of the sixty (60) days
prior to the end of the then current term. This Agreement may also be terminated
immediately (i) by QuestPoint at any time if Customer defaults in the

                                       4
<PAGE>

payment  ofany  Charges,  (ii) by either  party if the other  party  breaches  a
material  obligation  under  this  Agreement  and  such  other  party  fails  to
substantially  cure such default within thirty (30) days after receiving written
notice of the default or, for those  defaults not capable of cure within  thirty
(30) days,  fails to promptly  commence  curing such default  within thirty (30)
days,  (iii) by either  party if the other party  becomes  insolvent or makes an
assignment for the benefit of creditors,  voluntary or  involuntary  proceedings
are instituted under any bankruptcy or insolvency law against the other party or
a receiver or custodian is appointed for the other party, or (iv) by Customer at
any time upon at least thirty (30) days prior written notice.

     If this Agreement is terminated by QuestPoint  under Section 7(i),  (ii) or
(iii) above or at the request of Customer  under Section  7(iv) above,  Customer
shall pay  QuestPoint  an amount equal to the number of months  remaining in the
then current  terms of this  Agreement  times the greater of (i) eighty  percent
(80%) times the total amount  payable on the invoice with the highest  charge in
the then current term, or (ii) the minimum charge from Section 3(b). Such amount
must be paid before the date of  termination  and release of any data,  tapes or
other Customer information. Such payment shall be in addition to and not in lieu
of all other  amounts  due  QuestPoint  and all costs  and  expenses  reasonably
incurred by QuestPoint in connection with such termination  (including,  without
limitation,  costs and  expenses  incurred in winding down and  terminating  the
Services).  The  termination  payment does not apply if the basis for Customer's
termination  is due to the default of  QuestPoint  under  Section 7(ii) or (iii)
above.

     8. ERROR  REPORTING.  Customer is  responsible  for promptly (i)  reviewing
invoices  for Charges and other  information  provided  by  QuestPoint  and (ii)
reporting to QuestPoint in writing any errors caused by QuestPoint. In the event
of any material error in any report or delay in any  transmission by QuestPoint,
QuestPoint  will  correct the report no later than fifteen  (15)  business  days
after  QuestPoint has received written notice of such error, or in the case of a
delay of a transmission,  exercise such diligence as the circumstances  require.
Customer will reimburse QuestPoint for any remedial action taken with respect to
any errors  caused by Customer,  including any error caused by failure to follow
QuestPoint's procedures.

     9. NOTICE. For purposes of this Agreement,  written notice is sufficient if
personally  delivered  or  sent  by  nationally   recognized  overnight  courier
services,  or sent by  registered or certified  mail,  postage  prepaid,  return
receipt  requested,  addressed to either party at the address  below (or at such
other  address a party  shall  designate  by notice to the other  party given in
accordance  with this Section 9). Notice shall be deemed to have been given when
received by the addressee in accordance with the mailing method  described above
or when personally delivered.

     10.  OWNERSHIP OF  INTELLECTUAL  PROPERTY.  Except with respect to software
licensed by QuestPoint from third parties,  QuestPoint owns all right, title and
interest, including the copyright in and to any QuestPoint intellectual property
used  in  providing  Services  and in and to any  modification,  enhancement  or
addition to any QuestPoint  intellectual  property  developed in connection with
any Services  requested by Customer.  QuestPoint shall have the right to use any
such  QuestPoint  intellectual  property  for  other  customers  of  QuestPoint.
Customers  shall have the right to use the  intellectual  property  provided  to
Customer  by  QuestPoint,  including  by way of example  software  programs  and
documentation,  solely in connection with the Services.  Customer agrees that it
shall  not copy or  distribute  such

                                       5
<PAGE>

intellectual  property  without the prior written  permission of QuestPoint  and
shall  take  all  reasonable  steps  to  prevent   unauthorized   access  to  or
reproduction or dissemination of such intellectual  property.  At the request of
QuestPoint,  Customer  shall  return to  QuestPoint  all  intellectual  property
provided  by  QuestPoint.  The  terms  of this  Section  10  shall  survive  the
termination of this Agreement.

     11.  AFFILIATED  INSTITUTIONS.  QuestPoint  shall provide  Customer with an
addendum for  execution by  affiliates of Customer that desire to receive and to
which   QuestPoint   agrees  to   provide   Services   under   this   Agreement.
Notwithstanding the foregoing, QuestPoint has the right, but not the obligation,
to rely  solely  upon  Customer  for the  satisfaction  or  performance  of this
Agreement by the Customer and each Customer  affiliate.  Each Customer affiliate
will  also at all  times be  liable  for its  share of this  amount  due for the
Services that are allocated to the  affiliate  and  QuestPoint  may enforce this
Agreement  against any affiliate  directly for its pro rata share of any amounts
due for Services and for any breach thereof.

     12.  AUDITS.  QuestPoint  will allow  federal  and state  governmental  and
banking  authorities having jurisdiction over Customer's business to have access
to the records of Customers held by QuestPoint.

     13.  GOVERNING  LAW,  SUBMISSION  TO  JURISDICTION;   VENUE;  JURY  WAIVER;
LIMITATION  ON ACTIONS.  This  Agreement  shall be  construed,  interpreted  and
enforced in accordance  with, and governed by, the laws of the  Commonwealth  of
Pennsylvania,  without regard to conflicts of law principles.  The parties agree
that  any  dispute  or claim  under  this  Agreement  shall  be  subject  to the
jurisdiction of and shall be brought in the courts in Philadelphia, Pennsylvania
and each of the parties agrees that service of any process,  summons,  notice or
document  by U.S.  registered  mail or  certified  mail to the address set forth
below (or to any other address given in accordance  with the terms of Section 9)
shall be effective service of process for any action, suit or proceeding brought
against such party in enforcing  any rights  hereunder.  Each of this parties to
this  Agreement  hereby  irrevocably  waives all right to a trial by jury in any
action,  proceeding or counterclaim arising out of or relating to this Agreement
or the transactions  contemplated hereby.  Customer may not institute any action
arising out of the Services or this  Agreement  more than one (1) year after the
occurrence of an incident giving rise to a cause of action.

     14. [INTENTIONALLY OMITTED]

     15. MISCELLANEOUS.  This Agreement consists of the terms and conditions set
forth in this  document and in Schedule A and B, and where added by  amendments,
any additions, changes or modifications to this Agreement and/or Schedules, each
of which shall be duly executed by the parties.  Each party acknowledges that it
has read this  Agreement,  understands  it, and  agrees to be bound by it.  This
Agreement,  together  with all  Schedules,  constitutes  the complete and entire
understanding  and agreement between Customer and QuestPoint with respect to the
subject  matters  hereof and  supersedes  and replaces all prior  agreements and
understandings,  oral and written,  with respect to such  subject  matters.  All
addenda,  appendices,  and  schedules  referred to herein  shall be deemed to be
incorporated into and made a part of this Agreement. QuestPoint has the right to
assign  and  transfer  this  Agreement,  in whole or in part,  to any  person or
entity. This Agreement shall be binding upon

                                       6
<PAGE>

successors and assigns.  QuestPoint is not prohibited from subcontracting any of
the services  provided under this Agreement.  If any provision of this Agreement
is invalid or unenforceable for any reason,  the balance of this Agreement shall
remain in effect.  The failure of a party to insist upon strict adherence to any
term of this  Agreement on any occasion  shall not be considered a waiver of the
right  thereafter to insist upon strict adherence to that term or any other term
of this  Agreement.  The  section  headings  of this  Agreement  are  solely for
convenience of reference and shall not affect the interpretation of the terms of
this Agreement.

     IN WITNESS  WHEREOF,  the parties  hereto have executed this  Agreement (or
have done so in several counterparts, each of which shall be deemed an original)
as of the date first above written.

QUESTPOINT CHECK SERVICES, L.P.     MONMOUTH COMMUNITY BANK
                                              (CUSTOMER)

By:  /s/ Lowell Moritz                By: /s/ Hollie Pumosa
     ---------------------------         --------------------------
         Authorized Signature                 Authorized Signature

         Lowell Moritz, V.P.                  Hollie Pumosa, S.V.P

Address:                              Address:

401 Market Street                     627 Second Avenue
Philadelphia, PA  19106               P.O. Box 630
                                      Long Branch, NJ  07740-0630

                                       7
<PAGE>

                             QUESTPOINT CHECK SERVICES AGREEMENT
                                          SCHEDULE A
                                           SERVICES

I.   QUESTPOINT IMPLEMENTATION SERVICES

     Implementation Plan. Customer and QuestPoint shall mutually proceed in good
     faith  (I) to  promptly  develop  a  detailed  plan for the  conversion  of
     Customer to the Services  selected by  Customer,  (ii) to define a schedule
     mutually  acceptable  to  Customer  and  QuestPoint  for  the  training  of
     Customer's  personnel with respect to such  conversion and the Services and
     for  implementation  and completion of the conversion,  and (iii) to define
     the hours,  timing and costs  associated  with  services  to be provided by
     QuestPoint regarding such activities.

II.  DESCRIPTION OF SERVICES

<TABLE>
<CAPTION>

--------------------------- ---------------------------------- -------------------------------
SERVICE                     PRODUCT DESCRIPTION                       SERVICE PROVIDED
                            CHECK PROCESSING
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
<S>                         <C>                                <C>
Inclearing                  Items received from external       The preparation of work for
Intercept                   sources and transmitted to the     the reader-sorter area.  The
                            respective client institution to   capture and exception pass
                            be incorporated into their         through the reader-sorter
                            posting process (on-us items).     settlement of the passes.
                            Inclearing items can be received   The remaining item passes
                            from FRB, Clearinghouses, Direct   required would be related to
                            Presentment and Same-Day           cycle, serial and account
                            Presentment                        sorting are not included.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Proof Encoded               Items received through a           Includes the batching of work
                            customer's branch which require    for encoding, encoding of
                            MICR encoding of amount or         item, adjustments.
                            account number.  Items requiring
                            encoding, balancing of checks,
                            deposit tickets, coupons and
                            internal documents.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Proof Corrections           A product of the proof encoding    The creation of the
                            function.  The creation of the     accounting entry to the
                            accounting entry for deposits      customer's accounting system
                            which do not settle to the         and the mail advise to the
                            deposit ticket provided            customer's client.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
</TABLE>

                                       8
<PAGE>

<TABLE>
<CAPTION>

--------------------------- ---------------------------------- -------------------------------
SERVICE                     PRODUCT DESCRIPTION                       SERVICE PROVIDED
                            CHECK PROCESSING
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
<S>                         <C>                                <C>
Capture/POD                 Subsequent to POD processing,      Items will be processed
                            encoded items will be processed    through high-speed reader
                            via high speed reader sorters.     sorters.  MICR data and the
                            MICR Data will be captured for     concurrent sorting and
                            further processing,                microfilming of items will
                            microfilming, audit and tracing    occur.  Items will be
                                                               appropriately edited,
                                                               checked, settled and
                                                               transmitted.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Return Item Processing      Items drawn on a customer which    After exception processing
                            have not been charged to the       polls occur and a payment
                            drawn-on account and will be       decision is made, the
                            returned to the Bank of First      processing of the item by
                            Deposit                            identifying the BOFD.  This
                                                               service does not include
                                                               notification.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Qualify Returns             The preparation of an item for     Prior to the return of the
                            the Return process.                check to the BOFD, a MICR
                                                               strip is attached to each
                                                               item.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Chargebacks                 Items deposited by customer's      Upon receipt, each item is
                            client which have been presented   charged to the account number
                            to the paying institution on       endorsed on the back of the
                            which payment have been declined.  check.  The mail advice is
                                                               created by the Customer's
                                                               host system.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Cycle Sort                  The capture and sorting of a       The sorting of a customer
                            customer's bulk file items into    on-us items into their
                            cycle order.  Items are bulk       appropriate bulk file
                            filed daily.  Does not include     statement sequence as defined
                            the out of pocket transportation   by the customer.
                            charges.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Statement Mail              Includes the receipt of customer   Printing of statement,
                            formatted demand files, the        orientation of checks to
                            matching of checks to the          statement, stuffing of
                            financial data, and the            statement and checks into the
                            enclosing, monitoring and          envelopes, postage will be
                            mailing of customer's statement.   applied and prepared for
                                                               mailing.  (Postage is not
                                                               included).
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
</TABLE>

                                       9
<PAGE>

<TABLE>
<CAPTION>

--------------------------- ---------------------------------- -------------------------------
SERVICE                     PRODUCT DESCRIPTION                       SERVICE PROVIDED
                            CHECK PROCESSING
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
<S>                         <C>                                <C>
Statement Enclosure         The sorting of a customer's        Upon receipt of a customer
                            checks into account number on      statement file, items will be
                            the appropriate cycle day. In a    sorted into account number
                            non-bulkfile environment, this     order within the appropriate
                            may be daily.  If items are        days statement.
                            delivered to the client, does
                            not include the out-of-pocket
                            transportation charges.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Statement Filming           The creation of a microfilm copy   During the Statement
                            of checks sorted for each          Enclosure process, each check
                            cycle.  Items are microfilmed as   sorted will be microfilmed as
                            part of the Statement Enclosure    the item is sorted into
                            process.                           account number sequence.  A
                                                               copy of microfilm will be
                                                               provided to the customer.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Other Mail                  The insertion, metering and        Printed notices and forms
                            mailing of other forms or          will be delivered to the
                            notices into the appropriate       appropriate location.  Items
                            customers envelope.                will be enclosed, postage
                                                               applied and prepared for
                                                               mailing (Postage is not
                                                               included).
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Exception Item Process      Items which the customer           Sending actual items to
                            identifies as exception items      customer and getting item
                            and require review prior to the    back from customer once
                            finalizing of payment.  Items      decision is made.
                            which contribute to demand
                            deposit overdraft, uncollected
                            funds, items on which customer's
                            client has issued stop payment
                            orders, items which cannot be
                            posted for other reasons.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Item Retrieval              The retrieval of an original       The manual retrieval of the
                            item from either bulk file or      physical check from the check
                            account sorted files.              files.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Photo copies                The retrieval and mailing of a     Includes locating the item on
                            photocopy of a requested check     microfilm and sending a copy
                            to the customer or their client.   to the customer or their
                                                               client.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
</TABLE>

                                       10
<PAGE>

<TABLE>
<CAPTION>

--------------------------- ---------------------------------- -------------------------------
SERVICE                     PRODUCT DESCRIPTION                       SERVICE PROVIDED
                            CHECK PROCESSING
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
<S>                         <C>                                <C>
Warehousing (60 Days)       The storage of a customer's        Storage of physical checks
                            checks for the specified period    for a period of time.  The
                            of time.  Items are destroyed      time period of safekeeping
                            after the appropriate retention    varies.  Each customer
                            period expires.                    requirements will be
                                                               defined.  Includes all items
                                                               60 day under & over.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Warehousing                 The storage of a customer's        Storage of physical checks
(Over 60 Days)              checks for the specified period    for a period of time.  The
                            of time.  Items are destroyed      time period of safekeeping
                            after the appropriate retention    varies.  Each customers
                            period expires.                    requirements will be
                                                               defined.  Includes all items
                                                               60 day under & over.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Postage                     The actual postage expense         The assignment of the
                            affixed as part of the mailing     appropriate postage expense
                            of customers statements.           to a client's statement
                                                               envelope.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
OTC Integration             On-us Items cashed over the        The integration into the
                            teller window or received as       appropriate bulk tile or
                            over the counter deposits which    account filed position of
                            are delivered by the customer      on-us items received as over
                            for off-line processing.           the counter items.
--------------------------- ---------------------------------- -------------------------------
--------------------------- ---------------------------------- -------------------------------
Statement Envelopes         The utilization of a generic       The use of a generic
                            statement envelope supplied in     statement envelope as part of
                            lieu of the customers specific     the statement enclosing
                            statement envelope.                process.
--------------------------- ---------------------------------- -------------------------------
</TABLE>

                                            * * *

     IT WITNESS WHEREOF,  the undersigned  parties hereby  acknowledge and agree
that  this  Schedule  A is a  part  of  and  incorporated  by  reference  in the
QuestPoint  Services  Agreement between the parties dated August 1, 1998 and the
parties have executed this Schedule A (or have done so in several  counterparts,
each of which shall be deemed an original) as of such date.

QUESTPOINT CHECK SERVICES, L.P.     MONMOUTH COMMUNITY BANK
                                    (CUSTOMER)

By:     /s/ Lowell Moritz               By:    /s/ Hollie Pumosa
   ------------------------------       -----------------------------------
        Authorized Signature                       Authorized Signature
        Lowell Moritz, V.P.                        Hollie Pumosa, S.V.P.

                                       11
<PAGE>

                       QUESTPOINT CHECK SERVICES AGREEMENT
                                   SCHEDULE B
                         CHARGES FOR QUESTPOINT SERVICES

I. SERVICE CHARGES. Customer agrees to pay QuestPoint for the Service as
   follows:

        A.   QUESTPOINT IMPLEMENTATION SERVICES

             One time fee of $10,000.

        B.   QUESTPOINT SERVICES

------------------------------------------------- ----------------------------
                                                   Unit Price
                                                   ----------
------------------------------------------------- ----------------------------
POD SERVICES
------------
------------------------------------------------- ----------------------------
    Proof of Transit (Image Capture)                  0.04500
------------------------------------------------- ----------------------------
    Proof of Deposit (Image Capture)                  0.05000
------------------------------------------------- ----------------------------
    Proof Corrections                                 1.00000
------------------------------------------------- ----------------------------

------------------------------------------------- ----------------------------
INCLEARING SERVICES
-------------------
------------------------------------------------- ----------------------------
    Inclearing Intercept (Image Capture)              0.02250
------------------------------------------------- ----------------------------
    Exception Item Process (per day)                 20.00000
------------------------------------------------- ----------------------------

------------------------------------------------- ----------------------------
RETURN PROCESSING
-----------------
------------------------------------------------- ----------------------------
    Return Item Processing (NSF)                      2.25000
------------------------------------------------- ----------------------------
    Quality Returns                                   0.40000
------------------------------------------------- ----------------------------

------------------------------------------------- ----------------------------
IMAGE STATEMENTING
------------------
------------------------------------------------- ----------------------------
    Statement Mail (per account)                      0.06000
------------------------------------------------- ----------------------------
    Laser Print (per page)                            0.08500
      Includes Printing, Form &
        Customer Logo
------------------------------------------------- ----------------------------
    Statement Envelope (per envelope)                 0.02000
------------------------------------------------- ----------------------------
    Statement Filming                                 0.00180
------------------------------------------------- ----------------------------

------------------------------------------------- ----------------------------
CONVENTIONAL STATEMENTING
-------------------------
------------------------------------------------- ----------------------------

------------------------------------------------- ----------------------------
    Statement Mail (per account)                      0.06000
------------------------------------------------- ----------------------------
    Laser Print (per page)                            0.02000
------------------------------------------------- ----------------------------
    Check Inserts                                     0.01250
------------------------------------------------- ----------------------------
    Other Inserts (first insert is free)              0.01000
------------------------------------------------- ----------------------------
    Cycle Sort                                      No Charge
------------------------------------------------- ----------------------------
    Account Sort                                      0.01250
------------------------------------------------- ----------------------------
    Customer Logo (as required)                       0.00500
------------------------------------------------- ----------------------------
    Statement Filming                                 0.00180
------------------------------------------------- ----------------------------

                                       12
<PAGE>

------------------------------------------------- ----------------------------
CHECK DISTRIBUTION SERVICES
---------------------------
------------------------------------------------- ----------------------------

------------------------------------------------- ----------------------------
    Cycle Sort                                        0.00750
------------------------------------------------- ----------------------------
    Statement Enclosure/Item                          0.01250
------------------------------------------------- ----------------------------
    Serial Sorting                                    0.02000
------------------------------------------------- ----------------------------
    Warehouse (60 Days)                             No charge
------------------------------------------------- ----------------------------
    Warehouse (>60 Days/Month)                      25.00000
------------------------------------------------- ----------------------------
    Item Retrieval                                    1.50000
------------------------------------------------- ----------------------------
    Remote Banker (monthly)                       300.00000
------------------------------------------------- ----------------------------
    OTC Integration/Item                              0.01000
------------------------------------------------- ----------------------------

------------------------------------------------- ----------------------------
OTHER SERVICES
---------------
------------------------------------------------- ----------------------------

------------------------------------------------- ----------------------------
    Check Photocopy (per item)                        1.50000
------------------------------------------------- ----------------------------
    Postage                                        Usage
------------------------------------------------- ----------------------------
    Facsimile                                         1.50000
------------------------------------------------- ----------------------------
    Transportation from FED NY to Westmont           15.00000
------------------------------------------------- ----------------------------
    Transportation from Westmont to FED Phil          5.00000
------------------------------------------------- ----------------------------
    CD ROM                                           14.00000
------------------------------------------------- ----------------------------
    Cycle Sort for Image Statements                 No Charge
------------------------------------------------- ----------------------------
    CD Viewing software per workstation              25.00000
------------------------------------------------- ----------------------------
    GE Sorting                                        0.02000
------------------------------------------------- ----------------------------
    Other Mail                                        0.04000
------------------------------------------------- ----------------------------

     C.   OTHER CHARGES.  The Charges for the following are subject to change at
          any time.

     (1)  Delivery  and  Mailing   Costs.   All  costs,   expenses  and  charges
          attributable  to (i)  the  sorting,  mailing  and/or  transmission  of
          Reports or other  output to  Customer or its  designees,  and (ii) the
          transportation,   transmission  or  delivery  of  Reports,  and  other
          materials  between the  facilities of QuestPoint at which the Services
          are provided and the designated  pick-up locations and delivery points
          of  Customer  (other  than  routine  courier  services  to the  extent
          included in the Standard Services).

     (2)  Customer  Requests.  All  costs,  expenses  and  charges  incurred  by
          QuestPoint  at  Customer's  request,  including  costs,  expenses  and
          charges attributable to travel,  photocopy and data and record storage
          and retrieval,  to the extent such costs,  expenses and charges may be
          billed by QuestPoint.

     (3)  Statements.  All  costs,  expenses  and  charges  attributable  to the
          supplies and postage use, purchased or incurred in the preparation and
          mailing of periodic  statements  to customers  of Customer,  including
          paper stock, envelopes, inserts and postage.

                                       13
<PAGE>

     (4)  Clearing Charges. All Federal Reserve Bank, clearing house, regulatory
          agency and other third-party clearing charges, and all costs, expenses
          and charges attributable to such charges.

     (5)  Communication  Lines. All costs,  expenses and charges attributable to
          the provision and maintenance of the communications  lines utilized in
          providing the Services to Customer.

     (6)  Software,  Hardware  and  Other  Equipment.  The  charges,  costs  and
          expenses for software licensing and customization,  hardware and other
          equipment.  The rate for computer  programmer  services is $125.00 per
          hour for the first year of the Agreement  term.  Thereafter,  the rate
          for  computer  programmer  services  may be increased at a rate not to
          exceed the  percentage  increase in the Consumer  Price Index over the
          prior year as reported by the U.S. Department of Labor Bureau of Labor
          Statistics for All Items for All Urban Consumers.

     (7)  Expense  Reimbursement.  Reasonable  travel  and  other  out-of-pocket
          expenses that are actually incurred with respect to the implementation
          services, training and performance of the services.

                                      * * *

     IT WITNESS WHEREOF,  the undersigned  parties hereby  acknowledge and agree
that  this  Schedule  B is a  part  of  and  incorporated  by  reference  in the
QuestPoint  Services  Agreement between the parties dated August 1, 1998 and the
parties have executed this Schedule B (or have done so in several  counterparts,
each of which shall be deemed an original) as of such date.

QUESTPOINT CHECK SERVICES, L.P.     MONMOUTH COMMUNITY BANK
                                    (CUSTOMER)

By:     /s/ Lowell Moritz                By:  /s/ Hollie Pumosa
     ---------------------------         --------------------------------
            Authorized Signature              Authorized Signature

            Lowell Moritz, V.P.               Hollie Pumosa, S.V.P.

                                       14
<PAGE>

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