EX-24

                                POWER OF ATTORNEY

     Know all by these presents, that the undersigned hereby constitutes and
appoints James S. Vaccaro, the undersigned's true and lawful attorney-in-fact,
to:

     (1)  execute for and on behalf of the undersigned, in the undersigned's
          capacity as an officer and/or director of Monmouth Community Bancorp
          (the "Company"), Forms 3, 4, and 5 in accordance with Section 16(a) of
          the Securities Exchange Act of 1934, as amended, and the rules and
          regulations thereunder (collectively, the "Exchange Act");

     (2)  do and perform any and all acts for and on behalf of the undersigned
          which may be necessary or desirable to complete and execute any such
          Form 3, 4, or 5 and timely file such form with the United States
          Securities and Exchange Commission and any stock exchange or similar
          authority; and

     (3)  take any other action of any type whatsoever in connection with the
          foregoing which, in the opinion of such attorney-in-fact, may be of
          benefit to, in the best interest of, or legally required by, the
          undersigned, it being understood that the documents executed by such
          attorney-in-fact on behalf of the undersigned pursuant to this Power
          of Attorney shall be in such form and shall contain such terms and
          conditions as such attorney-in-fact may approve in such
          attorney-in-fact's discretion.

     The undersigned hereby grants to such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. The undersigned acknowledges that the foregoing attorney-in-fact, in
serving in such capacity at the request of the undersigned, is not assuming, nor
is the Company assuming, any of the undersigned's responsibilities to comply
with Section 16 of the Exchange Act.

     This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorney-in-fact.

     IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 26th day of September, 2002.





                                                               /s/James G. Aaron
                                                               -----------------
                                                                  James G. Aaron

EX-99

                               Form 4 - Exhibit 99
                               -------------------

Name of Reporting Person:   James G. Aaron
Name of Issuer:             Monmouth Community Bancorp (MCBK)
Transaction Date:           February 28, 2004

               Explanation of Responses and Additional Information
               ---------------------------------------------------

In addition to the non-qualified stock options for shares of common stock of the
Issuer reported on the Form 4 filed in connection herewith, the reporting person
directly owns the following derivative securities: (i) 3,150 non-qualified stock
options of which 787.5, or 25%, became exercisable on February 28, 2004, and
787.5, or 25%, become exercisable on February 28, 2005, 2006 and 2007,
respectively. The expiration date and exercise price for each of these 3,150
non-qualified stock options is February 28, 2013 and $14.76, respectively; (ii)
3,307 non-qualified stock options of which 826.75, or 25%, became exercisable on
February 28, 2003 and 2004, respectively, and 826.75, or 25%, become exercisable
on February 28, 2005 and 2006, respectively. The expiration date and exercise
price for each of these 3,307 non-qualified stock options is February 28, 2012
and $13.61, respectively; and (iii) 3,472 non-qualified stock options of which
2,315, or approximately 67%, became exercisable on January 31, 2001 and 1,157,
or approximately 33%, became exercisable on January 31, 2002. The expiration
date and exercise price for each of these 3,472 non-qualified stock options is
January 31, 2011 and $9.50, respectively. The exercise price and number of
non-qualified stock options have been adjusted as appropriate to account for the
5% stock distributions made to the shareholders of the Issuer on December 31,
2003, 2002 and 2001, respectively.