Oritani Bank : OritaniBank Charitable Foundation Awards $10,000 Grant

OritaniBank Charitable Foundation Awards $10,000 Grant to Valley Home Care Butterflies Program

Township of Washington, NJ, October 22, 2008 - The OritaniBank Charitable Foundation recently granted Valley Home Care $10,000 in support of their Butterflies Program, a home-based pediatric palliative care and hospice program designed especially for children. Since 1999, Valley Home Care in Paramus, New Jersey has been treating children in Passaic and Bergen Counties who have been diagnosed with a variety of progressive, life-threatening diseases and terminal illnesses. The program provides essential services such as nurses, home health care aides, therapists, social workers, and spiritual support - for both the child and their families.

President of the OritaniBank Charitable Foundation, Kevin Lynch, presented a $10,000 check to Donna Fry, CEO of Valley Home Care and Sandy Carapezza, Donor Development Director to support the Butterflies Program. "Oritani Bank is deeply committed to supporting organizations with such worthy missions which support the community. This program focuses on relieving both the physical pain and emotional distress that comes from living with a serious illness. Without financial support to underwrite expenses, these programs could not exist and we are pleased to do our part," comments Mr. Lynch.

The OritaniBank Charitable Foundation was established in 2007 to assist not-for-profit organizations that help to improve the quality of life for residents in Bergen, Hudson, and Passaic counties. Since its inception, the Foundation has donated over half a million dollars to local charitable organizations.

Oritani Bank is a 97 year old community bank with over $1.5 billion in assets based in the Township of Washington, New Jersey. Oritani Bank is a publicly held Mutual Holding Company trading on the NASDAQ with the trading symbol "ORIT". Oritani Bank has 21 branches throughout Bergen, Hudson and Passaic Counties, and offers a full line of deposit and loan services to both retail and commercial customers. For more information, call 888-ORITANI, or visit their website, www.oritani.com.

Pictured left to right are Kevin J. Lynch, President of OritaniBank Charitable foundation and CEO of Oritani Bank, Donna Fry, CEO of Valley Home Care,and Sandy Carapezza, Donor Development Director.