Exhibit 31.1

Certification of Chief Executive Officer Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002

I, Barry M. Donohue, President and Chief Executive Officer, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Atlantic Liberty
     Financial Corp.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the small business issuer as of, and for, the periods presented in
     this report;

4.   The small business issuer's other certifying officers and I am responsible
     for establishing and maintaining disclosure controls and procedures (as
     defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small
     business issuer and have:

     a) designed such disclosure controls and procedures, to ensure that
     material information relating to the small business issuer, including its
     consolidated subsidiaries, is made known to us by others within those
     entities, particularly during the period in which this report is being
     prepared;

     b) evaluated the effectiveness of the small business issuer's disclosure
     controls and procedures as of a date within 90 days prior to the filing
     date of this report based on such evaluation ; and

     c) disclosed in this report any change in the small business issuer's
     internal control over financial reporting that occurred during the small
     business issuer's most recent fiscal quarter (the small business issuer's
     fourth fiscal quarter in the case of an annual report) that has materially
     affected, or is reasonably likely to materially affect, the small business
     issuer's internal control over financial reporting;

5.   The small business issuer's other certifying officers and I have disclosed,
     based on our most recent evaluation of internal control over financial
     reporting, to the small business issuer's auditors and the audit committee
     of the small business issuer's board of directors (or persons performing
     the equivalent functions):

     a) all significant deficiencies and material weaknesses in the design or
     operation of internal control over financial reporting which are reasonably
     likely to adversely affect the small business issuer's ability to record,
     process, summarize and report financial information; and


     b) any fraud, whether or not material, that involves management or other
     employees who have a significant role in the small business issuer's
     internal control financial reporting.


Date: November 12 , 2004                           /s/Barry M. Donohue
- ------------------------                           -----------------------------
                                                   Barry M. Donohue, President
                                                   and Chief Executive Officer


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