May 28, 2002


Board of Directors
Synergy Financial Group, Inc.
Synergy Bank
310 North Avenue East
Cranford, NJ 07016


Dear Board Members:

All  capitalized  terms not  otherwise  defined in this letter have the meanings
given such terms in the Plan of Stock Issuance,  as amended (the "Plan") adopted
by the Board of Directors of Synergy  Financial  Group,  Inc., a federal  mutual
holding  company.  As part of the  Plan,  Synergy  Financial  Group,  Inc.  (the
"Company") will issue 43.5% of it's outstanding  common stock to the public. The
remaining 56.5% of the stock will be owned by Synergy MHC.

We understand that in accordance with the Plan,  subscription rights to purchase
shares of the Common  Stock are to be issued to (i)  Eligible  Account  Holders;
(ii) Tax-Qualified  Employee Stock Benefit Plans;  (iii)  Supplemental  Eligible
Account Holders; and (iv) other members who do not otherwise qualify as Eligible
or  Supplemental  Account  Holders  together  collectively  referred  to as  the
"Recipients".  Based solely on our observation that the subscription rights will
be available to such Recipients  without cost, will be legally  non-transferable
and of short duration, and will afford the Recipients the right only to purchase
shares  of  Common  Stock at the same  price as will be paid by  members  of the
general public in the Community  Offering,  if any, but without  undertaking any
independent  investigation  of  state  or  federal  law or the  position  of the
Internal Revenue Service with respect to this issue, we are of the belief that:

(1)  the subscription rights will have no ascertainable market value; and

(2)  the price at which the subscription rights are exercisable will not be more
     or less than the pro forma market value of the shares upon issuance.

Changes  in the local and  national  economy,  the  legislative  and  regulatory
environment,  the stock market,  interest rates, and other external forces (such
as natural  disasters or significant  world events) may occur from time to time,
often with great  unpredictability and may materially impact the value of thrift
stocks as a whole or the Company's value alone. Accordingly, no assurance can be
given that persons who subscribe to shares of Common Stock in the Reorganization
will thereafter be able to buy or sell such shares at the same price paid in the
Subscription Offering.




                                            Very Truly Yours,


                                            /s/FinPro, Inc.
                                            ------------------------------------
                                            FinPro, Inc.