Clifton Savings Bancorp, Inc.  Declares Quarterly Cash Dividend

The Board of Directors of Clifton Savings Bancorp, Inc., (Nasdaq Global Market:   CSBK) the parent company of Clifton Savings Bank, today announced that the Company will pay a cash dividend of $.05 per share for the quarter ended June 30, 2008. The dividend will be payable on September 5, 2008 to shareholders of record, other than Clifton MHC, on August 22, 2008.   

The quarterly cash dividend of $0.05 is the eighteenth cash dividend paid by Clifton Savings Bancorp, Inc. since becoming a capital stock organization in March 2004.

Clifton Savings Bank is a community-oriented financial institution which operates ten full-service banking offices in Bergen and Passaic Counties in New Jersey. Additional information on Clifton Savings Bancorp, Inc. and Clifton Savings Bank can be found on the web site: www.cliftonsavings.com.

Contact: Bart D’Ambra

(973) 473-2200

Home | Personal Banking | Business Banking | Mortgages | Locations

Investor Relations | Privacy Policy | About Us

Please read our Privacy Policy to learn how Clifton Savings protects your personal information.

Copyright 2008, Clifton Savings Bank