Hopewell Valley Community Bank

HVCBANK ANNOUNCES 3RD QUARTER EARNINGS

TOTAL ASSETS CLIMB OVER $220,000,000

Hopewell Township, NJ – October 25, 2006 – Hopewell Valley Community Bank (PinkSheets: HWDY) announced that the Bank ended the third quarter of 2006 with total net earnings of $895,566 ($.39 per share) for nine months. This represents a 23% reduction from the $1,166,696 ($.60 per share) earned through the same period in 2005. For the three months of the 2006 third quarter, HVCBank earned $288,767 ($.13 per share) as compared to $471,944 ($.24 per share) in the same 2005 period.

Total deposits ended the 2006 third quarter at $201,208,429, showing a strong 16% increase from the $173,188,447 mark at the end of September, 2005. HVCBank’s total assets for the recently completed 2006 quarter climbed 17% to $222,502,569, surpassing the $189,807,851 mark recorded at September 30, 2005. Total loans rose 15% to $163,713,138, exceeding the $142,337,810 mark attained in September, 2005.

Total stockholder equity for the third quarter, 2006, rose 31% to $20,516,043 from $15,704,702 in the comparable 2005 time frame on the basis of higher retained earnings and execution of stock warrants.

Chairman of the Board, Patrick L. Ryan, noted that: “We are very pleased with our overall growth during 2006. Despite a very challenging environment, we have continued to grow and have exceeded several milestones, including $220,000,000 in total assets and $20,000,000 in stockholder equity.”

President and CEO, James Hyman, commented that: “While our earnings continue to be under pressure from the overall interest rate environment, our loan portfolio is strong and we continue to grow. Additional costs have been incurred as a result of the expansion of our branch network. We opened our fifth branch in the Glen Roc Shopping Center in Ewing in August and we will soon open our sixth in the village of Ringoes, Hunterdon County, resulting in a total of three new offices in 2006, and, effectively, doubling the size of our branch network just this year.”

Nine Month Unaudited Results	September 30, 2006	September 30, 2005	% Change
Total Interest Income	$9.906,910	$7,483,765	32%
Total Noninterest Income	$800,179	$812,387	-2%
Total Income	$10,707,089	$8,296,152	29%
Interest Expense	($4,732,781)	($2,593,254)	83%
Net Interest Income	$5,174,129	$4,890,511	6%
Total Operating Expense	($4,688,505)	($3,982,769)	18%
Net Income Before Taxes	$1,285,803	$1,720,129	-25%
Taxes	$390,237	$553,433	-29%
Net Income	$895,566	$1,166,696	-23%
Earnings Per Share (Basic)	$.39	$.60	-35%
Total Equity	$20,516,043	$15,704,702	31%

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 five branch banking offices in Hopewell, Pennington, Hamilton, and Ewing, a loan production office in Cranbury, coming soon, our sixth branch in downtown Ringoes, and through its fully interactive website at www.hvcbonline.com.