Closing of American Bancorp of New Jersey, Inc. Stock Offering

American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) (the
"Company"), the holding company of American Bank of New Jersey (the
"Bank"), announced today that it completed its stock offering in
connection with the second-step conversion of American Savings, MHC
from the mutual holding company form of organization to a full stock
corporation.
   American Bancorp of New Jersey, Inc. sold 9,918,750 shares of its
common stock in the Conversion at $10.00 per share. In addition, each
share of common stock held by the public stockholders of ASB Holding
Company, the former middle-tier stock holding company, has been
converted into 2.55102 shares of common stock of American Bancorp of
New Jersey, Inc., resulting in an aggregate of 4,250,892 exchange
shares. Accordingly, American Bancorp of New Jersey, Inc. has
14,169,642 total shares outstanding.
   Shares of American Bancorp of New Jersey, Inc. will begin trading
on October 6, 2005 on the NASDAQ National Market under the symbol
"ABNJ."

   The foregoing information contains forward-looking statements
concerning our plans, objectives, expectations, estimates and
intentions. 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 update any forward-looking statement,
whether written or oral, that may be made from time to time by or on
behalf of us.