U.S. Securities and Exchange Commission
Washington, D.C. 20549
Form 10-KSB
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1998
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from _____________ to _____________
Commission file number 0-14294
Greater Community Bancorp
(Name of small business issuer in its charter)
New Jersey 22-2545165
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
55 Union Boulevard, Totowa, New Jersey 07512
(Address of principal executive offices) (Zip Code)
Issuer's telephone number (973) 942-1111
Securities registered under Section 12(b) of the Exchange Act:
Title of each class Name of each exchange on which registered
NONE NASDAQ National Market System
Securities registered under Section 12 (g) of the Exchange Act:
Common Stock, par value $.50 per share
(Title of class)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.
YES _X_ NO __
Check if disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [ ]
State issuer's revenues for the most recent fiscal year. $29,522,000.
<PAGE>
[LETTERHEAD GRANT THORTON LLP]
Report Of Independent Certified Public Accountants
To to Board of Directors
and Shareholders of
Greater Community Bancorp
We have audited the accompanying consolidated balance sheets of Greater
Community Bancorp and subsidiaries as of December 31, 1998 and 1997 and the
related consolidated statements of income, shareholders' equity and
comprehensive income, and cash flows for the years then ended. These financial
statements are the responsibility of the Company's management. Our
responsibility as to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance wit generally accepted auditing
standards. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
to amounts and disclosures in to financial statements. An audit also includes
messing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the consolidated financial position of
Greater Community Bancorp and subsidiaries as of December 31, 1998 and 1997, and
the consolidated results of their operations and their consolidated cash flows
for the years then ended, in conformity wit generally accepted accounting
principles.
/s/ GRANT THORNTON LLP
Philadelphia, Pennsylvania
January 19, 1999
<PAGE>
SIGNATURES
In accordance with Section 13 or 15 (d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Greater Community Bancorp
Date: June 22, 1999 BY: /s/John L. Soldoveri
----------------------------------------
John L. Soldoveri
Principal Executive Officer and
Chairman of the Board
Date: June 22, 1999 BY: /s/Naqi A. Naqvi
----------------------------------------
Naqi A. Naqvi
Treasurer, Principal Financial Officer
In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
Date: June 22, 1999 BY: /s/George E. Irwin
----------------------------------------
George E. Irwin
President, Chief Operating Officer
and Director
Date: June 22, 1999 BY: /s/Anthony M. Bruno, Jr.
----------------------------------------
Anthony M. Bruno, Jr.
Vice Chairman of the Board and Director
Date: June 22, 1999 BY: /s/Charles J. Volpe
----------------------------------------
Charles J. Volpe
Director
Date: June 22, 1999 BY: /s/C. Mark Campbell
----------------------------------------
C. Mark Campbell
Executive Vice President and Director
Date: June 22, 1999 BY: /s/Joseph A. Lobosco
----------------------------------------
Joseph A. Lobosco
Director
Date: June 22, 1999 BY: /s/John L. Soldoveri
----------------------------------------
John L. Soldoveri
Principal Executive Officer and Chairman
of the Board
