For
                    Immediate ReleaseDate:
                April
                    26, 2007Contact:
                Mary
                    Beth Steiginga630
                    Godwin AvenueMidland
                    Park, NJ 07432201
                    - 444-7100








**PRESS
      RELEASE**





**Stewardship
      Financial Corporation Announces**


**Quarterly
      Earnings for the First Quarter, 2007**





Midland
      Park,  NJ – April 26, 2007 – Stewardship Financial Corporation
      (NASDAQ:SSFN), parent of Atlantic Stewardship Bank, announced today net income
      for the three (3) months ended March 31, 2007, of $1.09 million, or $0.22 basic
      net income per share, as compared to net income of $1.11 million, or $0.22
      basic
      net income per share for the same three (3) month period in 2006.





Diluted
      net income per share was $0.21 for the quarter ended March 31, 2007 compared
      to
      diluted net income per share of $0.22 for the quarter ended March 31,
      2006.  Per share data has been restated to include the effect of a 5%
      stock dividend paid in November 2006.





Stewardship
      Financial Corporation’s total assets reached $520.5 million at March 31, 2007,
      compared to $476.6 million at March 31, 2006, resulting in growth of
      9.2%.  Total gross loans increased 7.2% to $370.6 million at March 31,
      2007, compared to $345.8 million a year ago.  Total deposits were
      $439.7 million at March 31, 2007, compared to $400.6 million a year ago,
      resulting in growth of 9.8%.  Total stockholders’ equity increased
      11.6% to $38.1 million at March 31, 2007, compared to $34.2 million a year
      ago.









Stewardship
      Financial Corporation’s President and Chief Executive Officer Paul Van
      Ostenbridge stated, “We are grateful to our Bank associates who worked
      diligently to achieve our first quarter earnings while operating in a
      challenging interest rate environment.  The Corporation is pleased to
      report an increase in commercial and retail loan activity at quarter
      end.  The introduction of two new branches in 2007 should provide the
      foundation for future loan and core deposit growth.  We were pleased
      to open the Wyckoff branch in March and the deposits at this new location
      already exceed projections.  We are encouraged by this reception from
      the Wyckoff community and look forward to introducing our style of banking
      and
      unique mission to Westwood, a new banking market for us, in the fourth quarter
      of 2007.”





Stewardship
      Financial Corporation’s subsidiary, the Atlantic Stewardship Bank, has banking
      offices in Midland Park, Hawthorne (2), Montville, Pequannock, Ridgewood,
      Waldwick, Wayne (3) and Wyckoff, New Jersey.  The Bank is working
      toward the opening of its twelfth branch in Westwood, New Jersey during the
      third quarter of 2007.  The bank is known for tithing 10% of its
      pre-tax profits to Christian and local charities, and serves both individuals
      and businesses.  Visit our website at www.asbnow.com for additional
      information regarding our products and services.




*This
      information disclosed in this document contains certain “forward looking
      statements” within the meaning of the Private Securities Litigation Reform Act
      of 1995, and may be identified by the use of such words as “believe,” “expect,”
“anticipate,” “should,” “plan,” “estimate,” and “potential.”  Examples
      of forward looking statements include, but are not limited to, estimates with
      respect to the financial condition, results of operations and business of the
      Corporation that are subject to various factors which could cause actual results
      to differ materially from these estimates.  These factors include:
      changes in general, economic and market conditions, legislative and regulatory
      conditions, or the development of an interest rate environment that adversely
      affects the Corporation’s interest rate spread or other income anticipated from
      operations and investments.*





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**Stewardship
                          Financial Corporation****Financial
                          Highlights****(unaudited)**(In
                          thousands, except per share data)**Three
                          Months Ended****March
                          31,****2007**
                      
                      
                      **2006****Selected
                          Operating Data:**Total
                          interest income
                      
                      $
                      7,932
                      
                      
                      $
                      6,984Total
                          interest expense
                      
                      
                      3,259
                      
                      
                      
                      2,307Net
                          interest income before provisionfor
                          loan loss
                      
                      
                      4,673
                      
                      
                      
                      4,677Provision
                          for loan loss
                      
                      
                      10
                      
                      
                      
                      50Net
                          interest income after provisionfor
                          loan loss
                      
                      
                      4,663
                      
                      
                      
                      4,627Gains
                          on sales of mortgage loans
                      
                      
                      89
                      
                      
                      
                      50Other
                          noninterest income
                      
                      
                      907
                      
                      
                      
                      820Total
                          other income
                      
                      
                      996
                      
                      
                      
                      870Noninterest
                          expense
                      
                      
                      3,995
                      
                      
                      
                      3,778Income
                          before income tax expense
                      
                      
                      1,664
                      
                      
                      
                      1,719Income
                          tax expense
                      
                      
                      578
                      
                      
                      
                      610Net
                          income
                      
                      $
                      1,086
                      
                      
                      $
                      1,109Basic
                          earnings per share
                      
                      $
                      0.22
                      
                      
                      $
                      0.22Diluted
                          earnings per share
                      
                      $
                      0.21
                      
                      
                      $
                      0.22




**At
                            March 31,****2007**
                        
                        **2006****Selected
                            Financial Data:**Total
                            assets
                        $
                        520,489
                        
                        
                        $
                        476,565Total
                            loans, net of deferred loan fees
                        
                        370,554
                        
                        
                        
                        345,761Allowance
                            for loan losses
                        
                        4,093
                        
                        
                        
                        3,920Total
                            deposits
                        
                        439,682
                        
                        
                        
                        400,557Stockholders'
                            equity
                        
                        38,108
                        
                        
                        
                        34,151**At
                            or for the****three
                            month period ended****March
                            31,****2007**
                        
                        **2006****Selected
                            Financial Ratios:**Annualized
                            return on average assets (ROA)
                        
                        0.85
                        %
                        
                        
                        0.93
                        %Annualized
                            return on average equity (ROE)
                        
                        11.62
                        %
                        
                        
                        13.23
                        %Tier
                            1 equity to total assets
                        
                        8.67
                        %
                        
                        
                        8.64
                        %Book
                            value per share
                        $
                        7.59
                        
                        
                        $
                        6.84




All
      share
      data has been restated to include the effects of a 5% stock dividend paid in
      November 2006.




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