Press Release

PRESS RELEASE

                                  PRESS RELEASE

                                 Contact:  Fred G. Kowal
                                           President and Chief Operating Officer
                                           (973) 748-3600

American Bancorp of New Jersey, Inc.
American Bank of New Jersey
365 Broad Street
Bloomfield, NJ  07003-2798

NASDAQ Global Market "ABNJ"                For Immediate Release
                                           ---------------------
                                           February 20, 2009

                      AMERICAN BANCORP OF NEW JERSEY, INC.
                        ANNOUNCES QUARTERLY CASH DIVIDEND

Bloomfield,  New Jersey - February  20,  2009 - American  Bancorp of New Jersey,
Inc.  (NASDAQ:  ABNJ) (the  Company),  holding  company of American  Bank of New
Jersey (the Bank),  announced  today that its Board of Directors  has declared a
quarterly cash dividend of $0.05 per share to stockholders of record as of March
10, 2009 payable on or about March 24, 2009.

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.

As of December 31,  2008,  the Company had  consolidated  total assets of $628.8
million  and  stockholders'  equity of $92.4  million.  The Bank is a  federally
chartered  stock savings bank which  conducts  business from its  administrative
headquarters  in  Bloomfield,  New Jersey and its branch  offices in Bloomfield,
Cedar Grove, Verona, Nutley and Clifton, 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.