FOR IMMEDIATE RELEASE
June 4, 2003

For further information contact:
Ralph A. Fernandez
Vice President and Chief Financial Officer
Synergy Financial Group, Inc.
(800) 693-3838, extension 3292

                          Synergy Financial Group, Inc.
                 Announces Stock Purchases to Fund Benefit Plan

Cranford, New Jersey, June 4, 2003 - John S. Fiore, President and
Chief Executive Officer of Synergy Financial Group, Inc. (the "Company") (OTCBB:
SYNF),  the  middle-tier  stock  holding  company  of Synergy  Bank and  Synergy
Financial Services,  Inc.,  announced today that the Company intends to purchase
up to 56,685 shares of its common stock in open market  transactions  for use by
the  Company's  2003  Restricted  Stock  Plan.  Such  plan was  approved  at the
Company's  Annual  Meeting of  Stockholders  held on April 22, 2003.  Such stock
purchases  will  be made  from  time to time  in the  market  based  upon  stock
availability,  price and Company financial  performance.  It is anticipated that
such purchases  will be made during the next year,  although no assurance may be
given when such  purchases  will be made or the total number of shares that will
be purchased.

About Synergy Financial Group, Inc.
Synergy  Financial  Group,  Inc.  is the holding  company  for Synergy  Bank and
Synergy  Financial  Services,  Inc. The Company is a financial  services company
that  provides a  diversified  line of products and  services to  consumers  and
small- to  mid-sized  businesses.  Synergy  offers  consumer  banking,  mortgage
lending,  commercial banking,  consumer finance,  Internet banking and financial
services through a network of 18 branch offices located in Middlesex,  Monmouth,
Morris and Union counties New Jersey.


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Forward-Looking Statements
This press release contains forward-looking statements, which are not historical
facts and pertain to future operating results. These forward-looking  statements
are within the meaning of the Private Securities  Litigation Reform Act of 1995.
These  forward-looking  statements  include,  but are not limited to, statements
about our plans,  objectives,  expectations  and intentions and other statements
contained in this press release that are not historical facts.

When used in this press release, the words "expects,"  "anticipates," "intends,"
"plans," "believes," "seeks," "estimates" or words of similar meaning, or future
or conditional  verbs, such as "will," "would," "should," "could," or "may," are
generally intended to identify forward-looking statements. These forward-looking
statements  are  inherently  subject  to  significant  business,   economic  and
competitive  uncertainties  and  contingencies,  many of which  are  beyond  our
control.  In  addition,   these   forward-looking   statements  are  subject  to
assumptions  with respect to future  business  strategies and decisions that are
subject  to  change.  Actual  results  may differ  materially  from the  results
discussed in these  forward-looking  statements  for the reasons,  among others,
discussed under the heading "RISK FACTORS" in Synergy  Financial  Group,  Inc.'s
August 9, 2002 Prospectus.

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