LPO - 7 Easterwood Street, Suite J Millville, NJ 08332

HARVEST COMMUNITY BANK REPORTS REVISED FOURTH QUARTER 2005 FINANCIAL RESULTS  

       SALEM COUNTY, NEW JERSEY, March 23, 2006 - Harvest Community Bank (OTCBB:HCBP) today reported that its previously announced results for the fourth quarter and year ended December 31, 2005 have been revised to include an income tax benefit of $297,653, or $0.26 per share.  The income tax benefit resulted due to the one time, non-cash recognition of net deferred tax assets required under recently revised auditing standards.

       Following such recognition, the Bank’s fourth quarter net income was $793,310, or $0.69 per share, compared to net income of $59,181, or $0.05 per share, for the corresponding fourth quarter 2004 period.  Full-year 2005 earnings of $1,009,180, or $0.88 per share, were 354% above 2004’s earnings of $222,251, or $0.33 per share, and represented a new high for the Bank.  Total assets increased to $142,280,007 at year-end, a 28.9% increase over the year ended December 31, 2004.  Gross loans increased by $24,365,256, to $99,849,562 as of December 31, 2005, an increase of 32.3% over December 31, 2004.  The Bank’s total deposits were $130,045,712 at year-end 2005, which is an increase of $30,830,327; or 31.1% over December 31, 2004.

       Harvest Community Bank is a community bank headquartered in Pennsville, New Jersey.  The bank has additional branches in Woodstown and Elmer, New Jersey and is currently in the process of seeking the necessary regulatory approvals to open a branch in Salem City, New Jersey.  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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