EXHIBIT 99.5

                        REVOCABLE PROXY

                      HAVEN BANCORP, INC.

                 ANNUAL MEETING OF STOCKHOLDERS
                        April 23, 1997
                          9:00 a.m.
       THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS


The undersigned hereby appoints the official proxy committee of the
Board of Directors of Haven Bancorp, Inc. (the "Company"), each
with full power of substitution, to act as attorneys and proxies
for the undersigned, and to vote all shares of Common Stock of the
Company which the undersigned is entitled to vote only at the
Annual Meeting of Stockholders, to be held on April 23, 1997, at
9:00 a.m., at the Holiday Inn Crowne Plaza, 104-04 Ditmars Avenue,
East Elmhurst, New York, and at any adjournments thereof.

This proxy is revocable and will be voted as directed, but if no
instructions are specified, this proxy will be voted FOR each of
the proposals listed.  If any other business is presented at the
Annual Meeting, this proxy will be voted by those named in this
proxy in their best judgment.  At the present time, the Board of
Directors knows of no other business to be presented at the Annual
Meeting.



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                                   Please mark your votes as  X
                                   indicated in this example ---

          THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR"
                 EACH OF THE LISTED PROPOSALS.

1.  The Election as directors of all nominees listed:
Philip S. Messina, Joseph A. Ruggiere and Msgr. Thomas J. Hartman

     FOR (except as marked                   WITHHOLD
        to the contrary below)               for all nominees

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Instructions: To withhold your vote for any individual nominee,
write that nominee's name in the space provided below:

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2.  The ratification of KPMG Peat Marwick LLP as independent
auditors of Haven Bancorp, Inc. for the fiscal year ending December
31, 1997.
          FOR            AGAINST             ABSTAIN

         -----            -----               -----

The undersigned acknowledges receipt from the Company prior to the
execution of this proxy of a Notice of Annual Meeting of
Stockholders and of a Proxy Statement dated March 17, 1997 and of
the Annual Report to Stockholders.

Please sign exactly as name appears on this card.  When signing as
attorney, executor, administrator, trustee or guardian, please give
full title.  If shares are held jointly, each holder may sign but
only one signature is required.

                                      Date:                , 1997


                                       -------------------------
                                              Signature

                                       -------------------------
                                       Signature, if held jointly

    PLEASE COMPLETE, DATE, SIGN AND MAIL THIS PROXY PROMPTLY
             IN THE ENCLOSED POSTAGE-PAID ENVELOPE.
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