Oritani Financial Corp. (ORIT) Chief Executive Officer to Ring the NASDAQ Stock Market Closing Bell

Company to Celebrate Initial Public Offering On NASDAQ


ADVISORY, Jan. 24, 2007 (PRIME NEWSWIRE) --



 What:
 Kevin J. Lynch, Chief Executive Officer of Oritani Financial Corp.
 (ORIT), will preside over the closing bell to celebrate the Company's
 initial public offering on NASDAQ.

 Where:
 NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio

 When:
 Wednesday, January 24, 2007 at 4 p.m. ET

 Contacts:
 NASDAQ MarketSite:
 Jolene Libretto; 646.441.5220; 347.219.9539
 Jolene.Libretto@NASDAQ.com

Feed Information:

The closing bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Jolene Libretto at (646) 441-5220.

Webcast:

A live Webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/reference/marketsite_about.stm

Photos:

To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

About Oritani Financial Corp. (ORIT):

Oritani Financial Corporation, NASDAQ ticker symbol ORIT, is the parent company of Oritani Savings Bank, a $1 billion asset community bank based in the Township of Washington, New Jersey with 19 branches located in the New Jersey counties of Bergen, Hudson and Passaic. Founded in 1911, Oritani Savings Bank offers a full line of deposit and loan services to retail and commercial customers with a focus on personal attention and quality service. Oritani will continue to be majority owned by Oritani Financial Corp MHC and operate as an independent bank.