Community Partners Bancorp Reports Third Quarter Operating Results.

MIDDLETOWN, N.J. -- On October 19, 2007, Community Partners Bancorp (NASDAQ CM: CPBC) (the "Company"), the parent company of Two River Community Bank and The Town Bank, reported consolidated earnings and asset growth for the third quarter and nine months ended September 30, 2007.

Community Partners reported net income of $1,054,000 for the quarter ended September 30, 2007, or $0.16 per share for basic and $0.15 per share diluted, compared to net income of $1,074,000 for the third quarter of 2006, or $0.16 for both basic and diluted earnings per share. Net income for the quarter ended September 30, 2007 decreased by approximately $20,000 or 1.9% over the same prior year quarter. On a linked quarter basis, net income for the third quarter of 2007 increased by approximately $27,000 or 2.6% over the second quarter of 2007. Barry B. Davall, President and CEO of Community Partners Bancorp, stated, "These are challenging times for community banking, and we are pleased to report that our earnings are trending upwards, supported by a 4.09% net interest margin." Mr. Davall also reported that the quality of the loan portfolio is very good, with no non-performing loans, and noted that the Company does not have any involvement with sub-prime mortgages.

For the nine months ended September 30, 2007, net income increased to $2,984,000 compared to $2,643,000 for the nine months ended September 30, 2006. This represents an increase of approximately $341,000 or 12.9% in net income. Basic and diluted earnings per share for the nine months ended September 30, 2007 were $0.44 and $0.43, respectively, compared to basic and diluted earnings per share of $0.45 and $0.44, respectively, for the same prior year period. Results of operations were higher during the first nine months of 2007 compared to the same prior year period as a result of the growth of the Company and the accretive effects of the acquisition of The Town Bank. Reported earnings of Community Partners Bancorp prior to April 1, 2006 include those of Two River Community Bank and do not include those of The Town Bank.

Weighted average shares outstanding and earnings per share were retroactively adjusted to reflect the 3% stock dividend which was paid August 31, 2007 to shareholders of record as of August 10, 2007.

At September 30, 2007, total assets totaled $527.7 million, an increase of $7.2 million, or 1.4%, over December 31, 2006 assets of $520.5 million. The Company's loan portfolio, net of allowances for loan losses, decreased to $404.1 million at September 30, 2007, compared to $412.3 million at December 31, 2006, a decrease of $8.2 million, or 2.0%. Total deposits amounted to $439.3 million at September 30, 2007, compared to $441.9 million at December 31, 2006, a decrease of $2.6 million, or 0.6%.

In an effort to expand the organization's franchise and to achieve future growth objectives, the Company anticipates that it will open three new branches during the fourth quarter of 2007, which will serve the very desirable markets of Cranford, Fanwood and Manasquan.

Community Partners Bancorp is the holding company for Two River Community Bank, which is headquartered in Middletown, New Jersey, and The Town Bank, which is headquartered in Westfield, New Jersey. Two River Community Bank currently operates ten branches throughout Monmouth County and The Town Bank currently operates two branches in Westfield. Community Partners Bancorp acquired The Town Bank on April 1, 2006 in a transaction that was accounted for under the purchase accounting method for financial reporting purposes, with Two River Community Bank as the acquiring entity. Community Partners Bancorp was formed in connection with that transaction and had no business operations prior to April 1, 2006.

The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management's confidence and strategies and management's expectations about new and existing programs and products, relationships, opportunities, taxation, technology and market conditions. These statements may be identified by such forward-looking terminology as "expect," "look," "believe," "anticipate," "may," "will," or similar statements or variations of such terms. Actual results may differ materially from such forward-looking statements. Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to, changes in interest rates or in national or local economic conditions in areas in which our operations are concentrated, increased competition, rapid growth, reliance on management and other key personnel, failure to achieve sufficient operational integration between Two River Community Bank and The Town Bank, and other such risks. Community Partners Bancorp assumes no obligation for updating any such forward-looking statements at any time.

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