American Bancorp of New Jersey, Inc. Announces Plans to Open Full Service Branch in Nutley, New Jersey

  
    
  
  
    
      American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) ("American") 
      announced the planned opening of American Bank of New Jersey’s 
      newest full service branch located at 211 Harrison Street in Nutley, New 
      Jersey.
    
    
      “A number of recent banking changes have left 
      Nutley without a community Bank,” said Fred 
      Kowal, President & COO. “We are both 
      excited and grateful for the opportunity to provide American Bank’s 
      financial services to those residents and businesses of Nutley and the 
      surrounding area who prefer banking with a community-focused financial 
      institution.” Mr. Kowal continued, “Our 
      new location in Nutley had been a bank branch that was recently closed. 
      We are now in the process of renovating that branch to better serve our 
      customers and expect to open the doors of our newly updated Nutley 
      branch in May of this year."
    
    
      American Bank’s contiguous growth into Nutley 
      expands the list of Essex county markets served by the Bank which also 
      includes the local communities of Bloomfield, Cedar Grove and Verona, 
      New Jersey.
    
    
      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 
      the communities listed above.
    
    
      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.