Hilltop Community Bancorp Announces Preliminary Capital Purchase Plan Approval
January 9, 2009

SUMMIT, N.J., Hilltop Community Bancorp, Inc. (the Corporation) (OTC Bulletin Board: HTBC), the holding company for Hilltop Community Bank (the Bank) today announced that it has received preliminary approval from the Department of the Treasury regarding participation in the Capital Purchase Program. This action, when finalized, will result in a $4,000,000 capital infusion into the Corporation in exchange for Preferred Stock.

In a joint statement, Chairman of the Board Richard D. Wellbrock and President & CEO Mortimer J. O'Shea commented: "We are very pleased that Hilltop has been selected for inclusion in this program. Only healthy banks are eligible for participation and the Treasury can potentially earn billions of dollars upon the successful conclusion of this Capital Purchase Plan which is being offered to large and small financial institutions throughout the United States . Hilltop will use these funds to enhance our active commercial and consumer lending programs and to continue to provide excellent service to customers in our market area."

Hilltop Community Bancorp, Inc. is the parent holding company for Hilltop Community Bank. Hilltop Community Bank is a New Jersey state-chartered commercial bank which commenced operations in February 2000 . The Bank operates as a locally headquartered community bank engaged in a general commercial banking business. The Bank has offices in Summit , Berkeley Heights and Madison, and administrative offices in New Providence . The service area includes surrounding communities in Union , Essex , Morris and Somerset counties.

<< Back to Press Releases