FOR IMMEDIATE RELEASE
June 29, 2005

For further information contact:
Kevin M. McCloskey
Senior Vice President and Chief Operating Officer
Synergy Financial Group, Inc.
(800) 693-3838, extension 3292

                          Synergy Financial Group, Inc.
                        Increases Quarterly Cash Dividend

Cranford,  New  Jersey,  June 29,  2005 - John S.  Fiore,  President  and  Chief
Executive  Officer  of  Synergy  Financial  Group,  Inc.  (NASDAQ:   SYNF)  (the
"Company"),  the holding company of Synergy Bank and Synergy Financial Services,
Inc., announced today that the Company's Board of Directors declared a quarterly
cash  dividend  of  $0.05  per  common  share  at its  June  28,  2005  meeting,
representing  an increase of $0.01,  or 25 percent,  from the  Company's  former
quarterly cash dividend of $0.04.  The dividend will be paid on July 29, 2005 to
stockholders of record on July 15, 2005.

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  individuals  and
small-  to  mid-size  businesses.  Synergy  offers  consumer  banking,  mortgage
lending,  commercial banking,  consumer finance, Internet banking, and financial
services through a network of 19 branch offices located in Middlesex,  Monmouth,
Morris, and Union counties New Jersey.

                                    # # # # #