Exhibit
31.2

Certification
of Chief Financial OfficerPursuant to
Section 302 of the Sarbanes-Oxley Act of 2002

I,
William M. Gilfillan, Chief Financial Officer, certify that:

|1. | I
have reviewed this Annual Report on Form 10-KSB of Atlantic Liberty Financial Corp.;
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|2. | Based
on my knowledge,  this report does not contain any untrue  statement of a material fact
or omit to state a material fact  necessary to make the statements  made, in light of the
circumstances  under which such  statements were made, not misleading  with respect to
the period covered by this annual report;
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|3. | Based
on my knowledge,  the financial  statements,  and other financial information included in
this report, fairly present in  all material  respects the financial  condition,  results
of operations and cash flows of the small business issuer as of, and  for, the periods
presented in this report;
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4. | The
small business  issuer's other  certifying  officers and I are responsible  for
establishing  and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small business issuer and have:
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | a) | designed
such disclosure  controls and procedures or caused such  disclosure  controls and
procedures to be designed under our  supervision,  to ensure that material information
relating to the small business issuer,  including its consolidated  subsidiaries,  is
made known to us by others  within  those  entities,  particularly  during the period in
which this  report is being prepared;
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| | b) | evaluated
the  effectiveness of the small business  issuer's  disclosure  controls and procedures
and presented in this report  our  conclusions  about the  effectiveness  of the
disclosure  controls and  procedures,  as of the end of the period  covered by this
report based on such evaluation; and
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| | c) | disclosed
in this report any change in the small business  issuer's  internal  control over
financial  reporting that occurred  during the small business  issuer's most recent
fiscal quarter (the small business  issuer's fourth fiscal quarter in  the case of an
annual report) that has materially  affected,  or is reasonably likely to materially
affect, the small  business issuer's internal control over financial reporting;
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|5. | The
small business  issuer's other certifying  officers and I have disclosed,  based on our
most recent evaluation of internal  control over  financial  reporting,  to the small
business  issuer's  auditors and the audit  committee of the small business  issuer's
board of directors (or persons performing the equivalent functions):
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| | a) | all
significant  deficiencies and material  weaknesses in the design or operation of internal
control over financial reporting  which are reasonably  likely to adversely affect the
small business  issuer's ability to record,  process,  summarize  and report financial
information; and
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b) | any
fraud,  whether or not material,  that involves  management  or other  employees who have
a significant  role in the small  business issuer's internal control over financial
reporting:
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|                    |  | 
|------------------- |  | 
|June 29, 2004       |  | 
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|Date                |  | 
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