FOR IMMEDIATE RELEASE
November 24, 2004

FOR FURTHER INFORMATION CONTACT:
Ralph A. Fernandez
Senior Vice President and Chief Financial Officer
Synergy Financial Group, Inc.
(800) 693-3838, extension 3292

                     SYNERGY FINANCIAL GROUP, INC. ANNOUNCES
                       ADOPTION OF SHAREHOLDER RIGHTS PLAN

CRANFORD,  NEW JERSEY,  NOVEMBER 24, 2004 - Synergy  Financial Group,  Inc. (the
"Company") (NASDAQ:  SYNF) announced today that its Board of Directors adopted a
Shareholder  Rights Plan (the "Rights Plan")  authorizing  the  distribution  of
rights to purchase Common Stock as a dividend to all  stockholders.  The plan is
designed to deter  coercive  takeover  tactics,  including the  accumulation  of
shares in the open  market or  through  private  transactions,  and to prevent a
potential  acquirer from gaining control of the Company without  offering a fair
price to all of the Company's stockholders. No action is required on the part of
stockholders.  The rights  will  automatically  attach to the  Company's  Common
Stock.

The rights will be issued to  stockholders  of record on December 6, 2004,  at a
rate of one right per share, and will expire in 10 years. Under the terms of the
Rights  Plan,  the  rights  will  generally  become   exercisable  and  separate
certificates  representing the rights will be distributed 10 business days after
a person or group  acquires 15% or more of the  Company's  Common  Stock,  or 10
business days after a person or group commences a tender offer that would result
in such person or group owning 15% or more of the outstanding shares (even if no
purchases actually occur). The rights will begin to trade independently from the
Company's shares at that time. At no time will the rights have any voting power.

                                     -More-


When the rights first become exercisable,  a holder will be entitled to buy from
the  Company  one share of the  Company's  Common  Stock at a purchase  price of
$40.00 per share.  Upon the  acquisition of 15% or more of the Company's  Common
Stock by a person or group, however, each right not owned by the 15% stockholder
will become  exercisable for shares of the Company's Common Stock having a value
equal to twice the purchase price of the rights.

The rights  generally  may be  redeemed by action of the Board of  Directors  at
$0.01  per  right at any time  prior  to the  tenth  day  following  the  public
announcement  that any person or group has acquired 15% or more of the Company's
shares.

Stockholders of record on December 6, 2004 will receive more  information on the
Rights Plan, which will be filed by the Company with the Securities and Exchange
Commission as an exhibit to a Current Report on Form 8-K, by mail.

FORWARD-LOOKING STATEMENTS

Statements  contained in this press  release that are not  historical  facts are
forward-looking  statements  as the term is  defined in the  Private  Securities
Litigation  Reform Act of 1995. Such  forward-looking  statements are subject to
risks and  uncertainties,  which could cause actual results to differ materially
from those currently anticipated due to a number of factors,  which include, but
are not limited to, factors discussed in documents filed by the Company with the
Securities and Exchange Commission from time to time.

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