American Bancorp of New Jersey, Inc. Announces Completion of Stock Repurchase

  
    
  
  
    
      American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) (the "Company"), the 
      holding company of American Bank of New Jersey (the "Bank"), announced 
      the completion of its repurchase of 1,416,322 shares of common stock in 
      accordance with the Company’s 10% stock 
      repurchase plan announced on October 19, 2006.
    
    
      As of December 31, 2006, the Company had consolidated total assets of 
      $524.3 million and stockholders' equity of $112.6 million. The Bank is a 
      federally chartered stock savings bank which conducts business from its 
      main office in Bloomfield, New Jersey and its branch offices located in 
      Verona and Cedar Grove, New Jersey.
    
    
      The foregoing material contains forward-looking statements 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.