Synergy Financial Group, Inc.
310 North Avenue East
Cranford, NJ  07016



FOR IMMEDIATE RELEASE
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For further information contact:
Ralph A. Fernandez
Vice President and
Chief Financial Officer
Synergy Financial Group, Inc.
(908) 956-3287


                          Synergy Financial Group, Inc.
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                     Completes Initial Stock Sale to Public
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Cranford,  New Jersey (September 17, 2002) - John S. Fiore,  President and Chief
Executive Officer of Synergy  Financial Group,  Inc. (the "Company"),  announced
today that the  Company,  which is the  holding  company  for  Synergy  Bank and
Synergy  Financial  Services,  Inc.,  completed a minority  stock  offering  and
issuance of 43.5% of its outstanding  common stock. A total of 1,454,750  shares
were sold,  at $10.00 per share,  to eligible  depositors  of Synergy  Bank in a
subscription  offering.  The  majority  of shares  will  continue to be owned by
Synergy,  MHC, the Company's mutual holding company parent,  which owned 100% of
the outstanding stock of the Company prior to the minority offering.

Mr. Fiore  indicated  that the board of directors of the Company  expresses  its
appreciation  for the response to the stock  offering and that the Company looks
forward to continuing to serve the needs of its customers and the community. The
offering was managed by Trident Securities,  a division of McDonald  Investments
Inc. of Raleigh, North Carolina.  Malizia Spidi & Fisch, PC of Washington,  D.C.
acted as special  counsel to the  Company.  The stock is  expected  to  commence
trading on the OTC Electronic Bulletin Board under the symbol "SYNF" on or about
September 18, 2002.

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