American Bancorp of New Jersey, Inc. Announces Results of Annual Meeting and Quarterly Dividend.

BLOOMFIELD, N.J. -- American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) (the "Company"), the holding company of American Bank of New Jersey (the "Bank"), announced the results of its annual meeting of shareholders held on February 27, 2007.

At the annual meeting, shareholders elected two directors for four-year terms that expire with the 2011 annual meeting: James H. Ward, III, Vice Chairman of the Board and Robert A. Gaccione. The Company's directors continuing in office to future years include: Chairman W. George Parker, H. Joseph North, Vincent S. Rospond, Stanley Obal, Joseph Kliminski, Chief Executive Officer, and Fred G. Kowal, President and Chief Operating Officer.

In other formal business conducted at the meeting, shareholders ratified the appointment of Crowe Chizek and Company LLC as the Company's independent registered public accounting firm for 2007.

Separately, the Company announced today that its Board of Directors has declared a quarterly cash dividend of $0.04 per share to stockholders of record as of March 12, 2007 payable on or about March 26, 2007.

The cash dividend is being paid to provide a return to stockholders, after considering the equity and profitability of the Company and the Bank. The payment of future dividends will be subject to the Board's periodic review of the financial condition, earnings, and capital requirements of the Company and the Bank.

The Bank is a federally chartered stock savings bank which conducts business from its main office in Bloomfield, New Jersey and its branch locations in Cedar Grove and Verona, New Jersey.

The foregoing material contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning our financial condition, results of operations and business. We caution that such statements are subject to a number of uncertainties and actual results could differ materially, and, therefore, readers should not place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.