THURSDAY, APRIL 8, 1999

NEW YORK--The Federal Reserve Bank of New York Thursday approved the application by Greater Community Bancorp, Totowa, NJ, to acquire 100 percent of the common voting stock of Rock Community Bank (in organization), Glen Rock, NJ.

According to standard procedure, the proposal cannot be completed for 15 days.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.