Kearny Federal Savings Bank to Host Fall Festival at
                       New Lanoka Harbor Branch 10/24/2005

Fairfield,  NJ...  Kearny Federal  Savings Bank announced the opening of its new
Lanoka Harbor Branch, open 7 days a week, at 630 North Main Street (Hwy 9).

In celebration of Kearny Federal's 26th branch  location,  the Bank is hosting a
Fall  Festival  Grand  Opening  Celebration  at their new  location on Saturday,
October 29th from 9 am to 2 pm.

WOBM radio will be  broadcasting  live from the branch from 10 am - 12 noon with
music, entertainment and free gifts. Free face painting and balloon animals will
be offered to  children  from 9 am to 1 pm. Any child  under the age of 12 years
who comes in costume will receive a special  Halloween bag filled with treats. A
caricaturist  will  also  be in  attendance  from  9 am to  1:30  pm to  draw  a
distinctive sketch of yourself suitable for framing.

The first 200  adults on  opening  day are  guaranteed  a prize  from the Bank's
specially created "Prize Pumpkin Patch" with pumpkins containing as much as $250
cash. Visitors will also have a chance to win a Panasonic 5- DVD changer; a Sony
DVD Home Theatre  Surround  Sound System;  a Panasonic  20" Flat Screen  DVD/VCR
Combo and a Cannon Digital Camcorder just by filling out an entry blank.

The Bank is also  offering a special 1/4% rate  reduction on a Home Equity Loan,
as well as special  rates on a CD, Money Market and Personal  Interest  Checking
Accounts through March 31, 2006.

Kearny  Federal  Savings  Bank, a  federally-charted  stock  savings  bank,  has
supported the communities it serves since 1884. The Bank has assets in excess of
$2 billion  and  operates 26  full-service  banking  offices in Bergen,  Hudson,
Morris, Passaic, Middlesex, Essex, Union and Ocean counties.