Stewardship Financial Corporation Declares Cash and Stock Dividends

MIDLAND PARK, NJ--(Marketwire - September 19, 2007) - The Board of Directors of Stewardship Financial Corporation (NASDAQ: SSFN), parent company of Atlantic Stewardship Bank, has declared a $0.09 per share cash dividend to shareholders of record October 15, 2007, payable November 1, 2007. This represents an 18.1 percent increase over the fourth quarter cash dividend paid in 2006, as adjusted for the 5 percent stock dividend paid in November 2006.

The Board also declared a 5 percent stock dividend to shareholders of record October 15, 2007, payable November 15, 2007.

In announcing the two dividends, Chairman William C. Hanse and President and Chief Executive Officer Paul Van Ostenbridge stated, "The cash dividend is our fourth quarterly cash dividend to be paid in 2007. Cash dividends have been paid annually since 1990. The stock dividend represents the tenth annual stock dividend paid by Stewardship Financial Corporation since 1998, and is a result of continued strong earnings."

Stewardship Financial Corporation's subsidiary, Atlantic Stewardship Bank, has banking offices in Midland Park, Hawthorne (2 offices), Ridgewood, Montville, Pequannock, Waldwick, Wayne (3 offices) and Wyckoff, New Jersey. The bank recently opened its twelfth branch in Westwood with a grand opening scheduled for September 29, 2007. The bank is working toward opening its thirteenth branch in North Haledon, New Jersey during the first quarter of 2008. Atlantic Stewardship Bank, opened in 1985, is a community bank serving individuals and businesses, and is well known for tithing 10 percent of its pre-tax profits to Christian and local charitable organizations. Please visit our website at www.asbnow.com or call 201-444-7100 for information regarding our products and services.

Contact Information: Contact: Mary Beth Steiginga 630 Godwin Avenue Midland Park, NJ 07432 201-444-7100