Business Wire

July 19, 2005 9:01 AM US Eastern Timezone

Interchange Financial Services Named to Keefe, Bruyette & Woods Honor Roll for
the 6th Annual Community Bank Investor Conference


SADDLE BROOK, N.J.--(BUSINESS WIRE)--July 19, 2005--Interchange Financial
Services Corp. (NASDAQ: IFCJ - News), whose principal subsidiary is Interchange
Bank, a commercially focused community bank, today announced it will be
spotlighted as an Honor Roll award recipient by Keefe, Bruyette & Woods (KBW) at
their upcoming 6th Annual Community Bank Investor Conference. This prestigious
honor is awarded to banking institutions that have reported annual increases in
earnings per share over the last decade, regardless of the economic environment.

"Not many public companies have grown earnings per share consecutively for ten
years or more," said Thomas Michaud, KBW Vice Chairman and Chief Operating
Officer. "Over the past decade, these banks have successfully navigated a
variety of different, and sometimes difficult, operating environments. We are
proud to honor these select financial institutions for their impressive
accomplishment."

Anthony Abbate, president and CEO of Interchange Financial Services Corp. will
present the Company's financial performance and strategies on Tuesday, July 26th
at 4:30 p.m. at the KBW conference, to be held at The Pierre Hotel in New York
City.

Abbate commented, "It is a great distinction to be included in KBW's 2005 Honor
Roll. This acknowledgment further demonstrates Interchange Financial Services'
ability to grow profitably despite the economic climate. It is has long been our
mission to provide the communities we serve a unique experience, true value for
their dollar and the best in leadership. It is this commitment that will
continue to drive our customer-base in northern New Jersey, while enhancing
shareholder value."

About Keefe, Bruyette, and Woods

Keefe, Bruyette, & Woods, Inc. is an institutionally oriented securities
broker/dealer and full service investment bank that specializes in the financial
services sector. Founded in 1962 and 100% employee-owned, the firm has long been
recognized as a banking industry authority and, in recent years, has expanded
its focus to include insurance companies, broker/dealers, mortgage banks, asset
management companies, and specialty finance firms. For more information, visit
www.kbw.com.

About Interchange Financial Services Corp.

Interchange Financial Services Corporation (NASDAQ:IFCJ - News) wholly-owns
Interchange Bank, one of Bergen County's largest independent commercial banks. A
thought leader in the industry, the Bank was among the first to implement a
broad range of innovative services, including 24-hour, 7-day-a-week online
banking and bill paying services, online stock trading, and the ability to apply
for a loan online with an instant credit decision. Mutual funds and annuities
are offered by ICBA Financial Services, through the Bank's investment
department. With $1.5 billion in assets and 30 branches, the Bank focuses its
efforts on the local communities from which it derives deposits and generates
loans. Through Interchange Bank's subsidiary, Interchange Capital Company,
L.L.C., cost effective equipment leasing solutions are available to small- and
middle market companies. For additional information, please visit the company's
Web site at www.interchangebank.com.

This press release may contain forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ materially
from those expressed or implied by such forward-looking statements, including,
but not limited to economic, competitive, governmental and technological factors
affecting the Company's operations, markets, products, services, and pricing.
The Company undertakes no obligation to revise or publicly release the results
of any revision to these forward-looking statements. Readers should carefully
review the information that could materially affect the Company's financial
results, described in other documents the Company files from time to time with
the Securities and Exchange Commission, including its Annual Report on Form 10-K
for the fiscal year ended December 31, 2003.

Source: Interchange Financial Services Corp.

Contact:
     Keating & Co.
     Lauren Mackiel, 973-966-1100

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