Hopewell Valley Community Bank

Hopewell Township, NJ – October 26, 2007 – Hopewell Valley Community Bank (PinkSheets: HWDY) announced that the Bank ended the third quarter of 2007 with $238,732,894 in total assets, a 7.3% increase over the $222,502,569 total for the corresponding period in 2006. Leading the way was an 11.5% increase in total loans representing an additional $18,762,354 for the period, giving the bank a total of $182,475,492 at September 30, 2007.

Net earnings for the first nine months of 2007 were $339,755 or $.15 per share. This represents a 62% reduction from the $895,566, $.39 per share, earned through the same period in 2006. For the three months of the third quarter, HVCBank earned $118,957, $.05 per share, compared to $288,767, $.13 per share, in the same 2006 period.

Total deposits ended the 2007 third quarter at $201,531,607 compared to the $201,208,429 mark at the end of September, 2006. Total loans rose 11.5% to $182,475,492 exceeding the $163,713,138 mark attained in September, 2006. Stockholder equity for the third quarter 2007 rose 2% to $20,905,268 from $20,516,043 in the comparable 2006 time frame on the basis of higher retained earnings.

Chairman of the Board, Patrick L. Ryan, observed: “While 2007 is proving to be the most challenging year since our inception, we are pleased with our loan growth and our ability to remain profitable in an unpleasant banking environment. With our new branches operating well and our loan pipeline at record levels, we are positioned to continue our growth.

President and CEO, James Hyman, commented that: “Much has been written about the turmoil in the subprime mortgage market. Our bank has no exposure in these types of loans, however, we have been seeing slowdowns in residential mortgage activity as this overall sector sorts itself out. Positively, the recent announcements of the acquisition of two of the largest competitors in our primary Mercer/Hunterdon market is leading to great opportunity. Consumer and small businesses looking to maintain their banking in a community bank environment are turning to us as an alternative to the mega banks newly arriving in the area.”

Nine Month Unaudited Results	September 30, 2007	September 30, 2006	% Change
Total Interest Income	$11,216,228	$9,906,910	13%
Total Noninterest Income	$717,144	$800,179	(10%)
Total Income	$11,933,372	$10,707,089	11%
Interest Expense	($5,912,669)	($4,732,781)	25%
Net Interest Income	$5,303,559	$5,174,129	3%
Total Operating Expense	($5,625,048)	($4,688,505)	20%
Net Income Before Taxes	$395,655	$1,285,803	(69%)
Taxes	$55,900	$390,237	(86%)
Net Income	$339,755	$895,566	(62%)
Earnings Per Share (Basic)	$.15	$.39	(62%)
Total Equity	$20,905,268	$20,516,043	2%

Hopewell Valley Community Bank is one of the few locally owned and operated full service, FDIC insured commercial banks headquartered in Mercer County, NJ. Founded in 1998, HVCBank provides a friendly, personalized banking experience and high value products to residents and small business owners through its six branch banking offices in Hopewell, Pennington, Hamilton, Ewing, and Ringoes, a loan production office in Cranbury, and through its fully interactive website at www.hvcbonline.com.

For further information, please contact:
James Hyman, President & CEO
Hopewell Valley Community Bank
609 466-2900
www.hvcbonline.com