Hopewell Valley Community Bank

ANNOUNCES LENGTHENED BANKING DAYS

Hopewell Township, NJ – April 26, 2007 – Patrick L. Ryan, Chairman, and James Hyman, President and CEO of Hopewell Valley Community Bank (PinkSheets: HWDY) jointly announced that the Bank started 2007 with increased asset growth but reduced earnings. At the same time, May 1st, 2007, is set for introduction of its new image processing technology to lengthen the time for which customers can receive same day credit for their deposits. Shortly thereafter, the new technology will be expanded to allow business customers to deposit directly to their account without having to visit a bank branch.

HVCBanks’s total assets for the first quarter of 2007 rose to $235,504,153, a 14.0% increase over the corresponding 2006 quarterly figure of $206,511,087. Total deposits increased 12.5%, rising to $203,270,771 at the quarter’s end, moving up from $180,664,519 at the end of the first quarter of 2006. The Bank’s net income for the quarter was $111,269 or $.05 per share as compared to the 2006 equivalent period total of $349,128 or $.15 per share.

Chairman Ryan observed that: “While we are operating in a very challenging banking environment, everyone at HVCBank is enthusiastic about the future and determined to continue growing and delivering our distinctively personalized brand of products and services to our customers and the communities we serve. We’re still the Bank that answers the phone when someone calls, and we plan to stay that way.

A significant factor affecting the earnings reduction was increased operating expenses associated with last year’s doubling of the branch network from three to six offices. More than twenty new jobs were created with the expansion and two new communities were added to the roster served by the bank.”

“Clearly our profitability, as with that of the entire banking industry, has also been impacted by the narrowing interest margins brought on by the inverted yield curve that exists in today’s interest rate markets”, added Hyman. “The Federal Reserve has boosted short term rates to head off future inflation and at some point their success should lead to a reduction in those rates. We are properly poised to benefit from the traditional interest curve that would ensue. Until then, we will continue to finance the success of small businesses and the dreams of families in the same courteous, and professional manner we have since opening the bank eight years ago.”

Three Month Unaudited Results	March 31, 2007	March 31, 2006	% Change
Total Interest Income	$3,633,619	$3,076,131	18.1%
Total Noninterest Income	$252.364	$191,436	32.0%
Total Income	$3,886,253	$3,267,567	18.9%
Interest Expense	($1,947,695)	($1,293,909)	50.5%
Net Interest Income	$1,685,924	$1,782,222	(5.4%)
Total Operating Expense	($1,811,789)	($1,455,132)	24.5%
Net Income Before Taxes	$126,769	$518,526	(75.6%)
Taxes	$15,500	$169,398	(90.9%)
Net Income	$111,269	$349,128	(68.1%)
Earnings Per Share	$.05	$.15	(66.7%)
Total Assets	$235,504,153	$206,511,087	14.0%
Total Equity	$20,815,257	$19,875,909	4.7%

Hopewell Valley Community Bank is a locally owned and managed full service, FDIC insured commercial bank. Founded in 1998, HVCBank provides a friendly, personalized banking experience for residents and small business owners through its six branch banking offices in Hopewell, Pennington, Hamilton, Ewing, and Ringoes, and a loan production office in Cranbury, and through its fully interactive website at www.hvcbonline.com.

Three Month Unaudited Results