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HARVEST COMMUNITY BANK REPORTS FIRST QUARTER 2006 FINANCIAL RESULTS

       SALEM COUNTY, NEW JERSEY, April 26, 2006 - Harvest Community Bank (OTCBB:HCBP) today reported results for the first quarter ended March 31, 2006.  The Bank’s first quarter net income was $125,515, or $0.11 per share, compared to net income of $161,733, or $0.14 per share, for the corresponding first quarter 2005 period.  The $36,218 decline is attributable primarily to the Bank’s increased tax liabilities, salary and rental expenses associated with the Bank’s proposed branch office in Salem City, New Jersey, and professional fees and expenses associated with the Bank’s opposition to the proposed acquisition by Penn Bancshares, Inc. of up to 24.89% of the Bank’s outstanding stock.  Prior to this fiscal year, the Bank received favorable tax treatment as a result of losses that occurred during the Bank’s inception and early growth.  Due to the Bank’s continuing profitability, its earnings are now taxable, whereas to a large degree in 2005 they were not.  Also, during the first quarter of 2006, the Bank recognized expenses associated with its Salem City branch office (even though such office is not yet open for business) and its opposition to the proposed acquisition by Penn Bancshares, Inc. of up to 24.89% of the Bank’s outstanding stock.  None of these expenses impacted the Bank’s net income for the first quarter of 2005.

       Other areas of the Bank’s performance showed solid growth during the first quarter of 2006.  Total assets increased to $156,497,892 at March 31, 2006, a 9.9% increase over the year ended December 31, 2005.  Gross loans increased by $5,455,644, to $105,305,206 as of March 31, 2006, an increase of 5.5% over December 31, 2005.  The Bank’s total deposits were $144,306,343 at March 31, 2006, which is an increase of $14,260,631, or 10.9%, over December 31, 2005.

       When asked to comment on the Bank’s first quarter 2006 results, Dennis H. Engle, President and Chief Executive Officer, stated, “We continue to focus our efforts on providing superior customer service at all times, and on meeting the credit and deposit needs of our primary market area to the best of our abilities. The Bank’s business plan for 2006 continues to emphasize these fundamental principles, and calls for continued growth in all key operational areas.  While our first quarter net income declined from the prior year’s results, we believe that the investments that are being made now will enable us to better serve all areas of Salem County.”

       Harvest Community Bank is a community bank headquartered in Pennsville, New Jersey.  The Bank has additional branches in Woodstown and Elmer, New Jersey and has received the necessary regulatory approvals to open a branch in Salem City, New Jersey.  It is currently projected that the Salem City branch will open during the second quarter of 2006.  The Bank began operations in January 2000 with the purpose of serving small businesses, professionals, and retail customers in Salem, Cumberland and Gloucester Counties, New Jersey.  The Bank’s deposits are insured by the Federal Deposit Insurance Corporation up to a maximum of $100,000 per depositor.

FORWARD LOOKING STATEMENTS

Information in this release relating to Harvest Community Bank’s future prospects which are forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the following:  (1) operating, legal and regulatory risks, such as continued levels of loan quality and origination volumes, continued relationships with major customers and technological changes; (2) economic, political and competitive forces affecting our banking business, such as changes in economic conditions, especially in our market area, interest rate fluctuations, competitive product and pricing pressures within our market, personal and corporate bankruptcies, monetary policy and inflation; (3) our ability to grow internally; and (4) the risk that management’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.  Forward-looking statements may be identified by the use of words such as “expects,” “subject,” “believe,” “will,” “intends,” “will be,” or “would.”  More information about factors that potentially could affect Harvest Community Bank’s financial results is included in Harvest Community Bank’s filings with the FDIC, including its Annual Report on Form 10-KSB for the year ended December 31, 2005.  Harvest Community Bank assumes no obligation to update the forward-looking information in this announcement.

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