July 15, 2009

OritaniBank Charitable Foundation Awards over $100K in Grants to Assist Local Veterans

The OritaniBank Charitable Foundation will award a grant of $50,000 to the WWP to help New Jersey veterans on the road to recovery. This grant will contribute to the WWP's continuing efforts to ensure that wounded service men and women in New Jersey receive the outreach, care, and benefits they deserve.

TOWNSHIP OF WASHINGTON, NJ - The OritaniBank Charitable Foundation announced today that it will donate over $100,000 to help New Jersey men and women who have served in the armed services. The Foundation will allocate grants to the Wounded Warrior Project, The G.I. Go Fund of Newark, the Teaneck Family Assistance Center, and the Achilles Freedom Team of Wounded Veterans, four outstanding non-profit organizations offering important services to New Jersey veterans.

The Wounded Warrior Project (WWP) was created to honor and empower severely injured service members. The WWP provides lifelong support to wounded veterans through a variety of services including care packages, family assistance and benefits counseling as well as rehabilitation and advocacy programs. The OritaniBank Charitable Foundation will award a grant of $50,000 to the WWP to help New Jersey veterans on the road to recovery. This grant will contribute to the WWP's continuing efforts to ensure that wounded service men and women in New Jersey receive the outreach, care, and benefits they deserve.

Newark's G.I. Go Fund assists returning veterans in locating suitable employment. Their most recent job fair resulted in employment for over sixty veterans. In order to contribute to the continued success of this program, the OritaniBank Charitable Foundation will provide a grant of $20,000 to underwrite the costs of a job fair to be held in the fall in Bergen or Hudson County.

The OritaniBank Charitable Foundation will donate a total of $30,000 to the Teaneck Family Assistance Center at the Teaneck Armory, which provides invaluable assistance to service members and families of the 250th Brigade Support Battalion of the NJ Army National Guard. The grant will underwrite the costs of the Center's "Welcome Home Picnic" for returning veterans and their families to be held in August, and to provide general financial assistance for the Teaneck Family Assistance food pantry. The Oritani Bank branches' annual "Christmas in July" Food Drive will also benefit the Center's food pantry. All cash donations will be matched by the OritaniBank Charitable Foundation.

The Achilles Freedom Team of Wounded Veterans provides training and motivation to wounded veterans through distance running events. Many veterans begin their rehabilitation using hand crank wheelchairs, which permit early access to sports programs. The Freedom Team competes in many races and marathons throughout the year. The OritaniBank Charitable Foundation will donate $6,000 to cover the cost of two wheelchairs for use in the New Jersey Veterans Center.

Kevin J. Lynch, President of the OritaniBank Charitable Foundation and Chairman, President and CEO of Oritani Bank stated, "With so many service members returning to our community this year, we feel it is important to reach out and provide financial assistance to the hardworking local organizations that help our veterans on a daily basis."

The OritaniBank Charitable Foundation is offering these gifts to honor the memory of Marine Sgt. Matthew Fenton of Little Ferry, NJ who lost his life as a result of wounds suffered while serving in Iraq in 2006. Matthew was the son of Oritani Bank employee Diane Fenton.

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 $1.8 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.