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

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 first annual meeting of
shareholders since becoming a full stock company in October 2005.
   At the annual meeting, shareholders elected two directors for
four-year terms that expire with the 2010 annual meeting: W. George
Parker, Chairman of the Board and H. Joseph North. The Company's
directors continuing in office to future years include: Robert A.
Gaccione, James H. Ward, III, 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
approved the American Bancorp of New Jersey, Inc. 2006 Equity
Incentive Plan and ratified the appointment of Crowe Chizek and
Company LLC as the Company's independent registered public accounting
firm for 2006.
   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 June 12, 2006 payable on or about June
23, 2006.
   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
one branch office in 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.