OritaniBank Charitable Foundation Donates Second Installment  

of a $100,000 Grant to the Center for Food Action 

To Fight Hunger and Homelessness in Northern New Jersey

 

 

 

Township of Washington, NJ - April 7, 2009 - During these tough economic times, Oritani Bank is taking action to prevent hunger and homelessness in our community.  More people than ever now need help to put food on their tables and keep a roof over their heads.  OritaniBank Charitable Foundation recently presented a $50,000 check to CFA, the second installment of its $100,000 pledge.

In November of '08, Oritani awarded a $100,000 grant to The Center for Food Action, a non-profit organization that provides emergency food packages, rental and utility assistance, counseling and advocacy to individuals and families in need living in northern New Jersey. The grant provided a $50,000 award in '08 and another $50,000 award to be made in early '09 to support the CFA's emergency services. This grant was made specifically to help fund CFA's emergency services program that is helping people from all walks of life in our communities who now find themselves in need of assistance.  

 In a recent interview with Kevin J. Lynch, President of the OritaniBank Charitable Foundation and Chairman, President and CEO of Oritani Bank, Mr. Lynch commented, "We realize that many businesses and individuals are struggling these days and have scaled back or ceased donating money to charitable organizations. Fortunately, Oritani Bank remains financially rock-solid and steadfast in its commitment to the CFA and other local charities.  The needs in our communities are real and have dramatically increased over the past year. We recognize the strain that this has placed in emergency funding that is rapidly being depleted while donations are at times at a standstill. Therefore, now more than ever, Oritani vows to continue aiding local area residents with contributions to worthy organizations which support the community. This fall, we also plan to host our annual charity golf outing - again in support of the CFA.  Last year the proceeds from the Oritani Bank Golf Classic exceeded $43,500.  This year we hope to match or exceed that amount again."     

 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 close to a million dollars to local charitable organizations, primarily in support of education, health & human services, youth programs, and affordable housing.

 Oritani Bank is a 98 year old community bank with over $1.6 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 .