As filed with the Securities and Exchange Commission on May 29, 2003.

                                                    Registration No. 333-_______


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                             ----------------------

                                    FORM S-8
                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933

                             ----------------------

                          Synergy Financial Group, Inc.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

       United States                                            22-3798677
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization)                               Identification No.)

                              310 North Avenue East
                           Cranford, New Jersey 07016
             ------------------------------------------------------
                    (Address of principal executive offices)

                          Synergy Financial Group, Inc.
               Employees' Savings & Profit Sharing Plan and Trust
             ------------------------------------------------------
                            (Full Title of the Plan)

                               Ralph A. Fernandez
                             Chief Financial Officer
                              310 North Avenue East
                           Cranford, New Jersey 07016
                                  908-272-3838
             ------------------------------------------------------
            (Name, address and telephone number of agent for service)

                                   Copies to:
                               Richard Fisch, Esq.
                              Evan M. Seigel, Esq.
                            Malizia Spidi & Fisch, PC
                           1100 New York Avenue, N.W.
                                 Suite 340 West
                             Washington, D.C. 20005
                                 (202) 434-4660
             ------------------------------------------------------

<TABLE>
<CAPTION>
                         CALCULATION OF REGISTRATION FEE
=================  ============= ==================== ================ ============
Title of                            Proposed Maximum  Proposed Maximum  Amount of
Securities to      Amount to be         Offering          Offering     Registration
be Registered(1)   Registered(2)   Price Per Share(3)     Price (4)        Fee
----------------   -------------   ------------------     ---------        ---
<S>                <C>                <C>              <C>             <C>
Common Stock
$0.10 par value
per share             46,875             $20.48           $960,000        $77.66
=================  ============= ==================== ================ ============
</TABLE>

(1)      In addition,  pursuant to Rule 416(c) under the Securities Act of 1933,
         this  registration  statement  also covers an  indeterminate  amount of
         interests  to be  offered or sold  pursuant  to the  Synergy  Financial
         Group,  Inc.  Employees'  Savings & Profit  Sharing Plan and Trust (the
         "Plan"), as described herein.
(2)      Estimates the maximum number of shares  expected to be issued under the
         Plan assuming that all employer and employee  contributions to the Plan
         are used to purchase shares of Common Stock of Synergy Financial Group,
         Inc. (the "Company"),  together with an indeterminate  number of shares
         which may be  necessary  to adjust the number of  additional  shares of
         Common  Stock  reserved  for  issuance  pursuant  to the Plan and being
         registered  herein,  as the result of a stock  split,  stock  dividend,
         reclassification,  recapitalization,  or similar  adjustment(s)  of the
         Common Stock of the Company.
(3)      Estimated  solely for the purpose of calculating the  registration  fee
         and calculated  pursuant to Rule 457(c) based on the average of the bid
         and ask prices of the Common Stock of the Registrant as reported on the
         OTC Bulletin Board on May 23, 2003.
(4)      Estimated based on (2) and (3) above.

         This Registration  Statement shall become effective  automatically upon
the date of filing,  in accordance  with Section 8(a) of the  Securities  Act of
1933.

<PAGE>

                                     PART I

              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1.  Plan Information. *
------

Item 2.  Registrant Information and Employee Plan Annual Information. *
------

         *This  Registration  Statement  relates to the  registration  of 46,875
shares of Common Stock,  $0.10 par value per share, of Synergy  Financial Group,
Inc.  (the  "Company")  reserved for  issuance  and  delivery  under the Synergy
Financial Group,  Inc.  Employees'  Savings & Profit Sharing Plan and Trust (the
"Plan").  Documents  containing  the  information  required  by  Part I of  this
Registration  Statement  will be sent or  given to  participants  in the Plan as
specified by Rule  428(b)(1).  Such  documents are not filed with the Securities
and Exchange  Commission (the "Commission")  either as part of this Registration
Statement or as prospectuses or prospectus  supplements pursuant to Rule 424, in
reliance on Rule 428.


                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Certain Documents by Reference.
------

         The Company became  subject to the  informational  requirements  of the
Securities  Exchange  Act of 1934  (the  "1934  Act") on  August  21,  2002 and,
accordingly,  files periodic reports and other  information with the Commission.
Reports,  proxy  statements and other  information  concerning the Company filed
with the  Commission  may be inspected and copies may be obtained (at prescribed
rates) at the  Commission's  Public  Reference  Section,  Room  1024,  450 Fifth
Street, N.W., Washington, D.C. 20549.

         The following  documents filed by the Company are  incorporated in this
Registration Statement by reference:

         (a) The  Company's  Annual  Report on Form  10-KSB  for the year  ended
December 31, 2002, as filed with the Commission;

         (b) The Company's Quarterly Report on Form 10-QSB for the quarter ended
March 31, 2003, as filed with the Commission;

         (c)  Current  Report on Form 8-K (date of event:  April 23,  2003),  as
filed with the Commission on April 23, 2003; and

         (d) The  description  of the  Company's  securities as contained in the
Company's  Registration  Statement on Form 8-A, as filed with the  Commission on
August 21, 2002.

         All documents  subsequently  filed by the Company  pursuant to Sections
13(a),  13(c),  14,  and  15(d)  of the  1934  Act,  prior  to the  filing  of a
post-effective amendment which indicates that all securities offered

                                      - 2 -

<PAGE>

have been sold or which  deregisters all securities then remaining  unsold shall
be deemed to be incorporated by reference in this Registration  Statement and to
be a part hereof from the date of filing of such documents.

Item 4.  Description of Securities.
------

         Not Applicable.

Item 5.  Interests of Named Experts and Counsel.
------

         Not Applicable.

Item 6.  Indemnification of Directors and Officers.
------

         Article XI of the Bylaws of the Company sets forth  circumstances under
which directors, officers, employees and agents of the Company may be insured or
indemnified against liability which they incur in their capacities as such.

         Each  person who was or is made a party or is  threatened  to be made a
party to or is otherwise  involved in any action,  suit or  proceeding,  whether
civil, criminal,  administrative or investigative  (hereinafter a "proceeding"),
by reason of the fact that he is or was a  Director,  officer or employee of the
Company or is or was  serving  at the  request  of the  Company  as a  Director,
Officer or employee of another  corporation or of a partnership,  joint venture,
trust or other enterprise, including service with respect to an employee benefit
plan  (hereinafter  an  "indemnitee"),  whether the basis of such  proceeding is
alleged action in an official capacity as a Director,  officer or employee or in
any other  capacity while serving as a Director,  officer or employee,  shall be
indemnified and held harmless by the Company to the fullest extent authorized by
the Regulations of the Office of Thrift  Supervision,  as the same exists or may
hereafter  be  amended  against  all  expense,  liability  and  loss  (including
attorneys' fees,  judgments,  fines, ERISA excise taxes or penalties and amounts
paid in  settlement)  reasonably  incurred  or suffered  by such  indemnitee  in
connection therewith.

         The right to  indemnification  conferred herein shall include the right
to be paid by the Company the expenses incurred in defending any such proceeding
in advance of its final  disposition,  to the fullest  extent  authorized by the
Regulations of the Office of Thrift  Supervision.  The rights to indemnification
and to the advancement of expenses conferred herein shall be contract rights and
such rights shall  continue as to an indemnitee who has ceased to be a Director,
officer or employee  and shall inure to the benefit of the  indemnitee's  heirs,
executors and administrators.

Item 7.  Exemption from Registration Claimed.
------

         Not Applicable.

Item 8.  Exhibits.
------

         For a  list  of  all  exhibits  filed  or  included  as  part  of  this
Registration Statement,  see "Index to Exhibits" at the end of this Registration
Statement.

                                      - 3 -

<PAGE>

         In lieu of an opinion of counsel  concerning the Plan's compliance with
the requirements of ERISA,  the Company hereby  undertakes that it has submitted
the Plan and any amendment  thereto to the Internal Revenue Service ("IRS") in a
timely manner and will make all changes  required by the IRS in order to qualify
the Plan.

Item 9.  Undertakings.
------

         (a) The undersigned registrant hereby undertakes:

                  (1) To file,  during any  period in which  offers or sales are
                  being made, a  post-effective  amendment to this  registration
                  statement;

                  (i) To include any prospectus  required by Section 10(a)(3) of
                  the Securities Act of 1933;

                  (ii) To reflect in the  prospectus any facts or events arising
                  after the effective date of the registration statement (or the
                  most   recent   post-effective   amendment   thereof)   which,
                  individually  or in the  aggregate,  represent  a  fundamental
                  change  in the  information  set  forth  in  the  registration
                  statement;

                  (iii) To include any material  information with respect to the
                  plan  of   distribution   not  previously   disclosed  in  the
                  registration   statement  or  any  material   change  to  such
                  information in the registration statement.

provided  however,  that paragraphs  (a)(1)(i) and (a)(1)(ii) do no apply if the
registration statement is on Form S-3, Form S-8, and the information required to
be included in a  post-effective  amendment by those  paragraphs is contained in
periodic reports filed by the registrant  pursuant to Section 13 or 15(d) of the
Securities  Exchange  Act of 1934  that are  incorporated  by  reference  in the
registration statement;

                  (2) That, for the purpose of determining  any liability  under
the Securities Act of 1933, each such  post-effective  amendment shall be deemed
to be a new registration  statement  relating to the securities offered therein,
and the  offering  of such  securities  at that  time  shall be deemed to be the
initial bona fide offering thereof.

                  (3) To remove from  registration by means of a  post-effective
amendment  any of the  securities  being  registered  which remain unsold at the
termination of the offering.


         (b) The undersigned  registrant hereby undertakes that, for purposes of
determining  any liability  under the Securities Act of 1933, each filing of the
registrant's  annual  report  pursuant to section  13(a) or section 15(d) of the
Securities  Exchange  Act of 1934  (and,  where  applicable,  each  filing of an
employee  benefit  plan's  annual  report  pursuant  to  section  15(d)  of  the
Securities  Exchange  Act of 1934)  that is  incorporated  by  reference  in the
registration  statement  shall  be  deemed  to be a new  registration  statement
relating to the securities offered therein,  and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

                                      - 4 -

<PAGE>

         (c) The undersigned registrant hereby undertakes to deliver or cause to
be delivered with the prospectus,  to each person to whom the prospectus is sent
or given, the latest annual report,  to security holders that is incorporated by
reference  in  the  prospectus  and  furnished   pursuant  to  and  meeting  the
requirements  of Rule 14a-3 or Rule 14c-3 under the  Securities  Exchange Act of
1934;  and,  where  interim  financial  information  required to be presented by
Article 3 of Regulation S-X is not set forth in the prospectus,  to deliver,  or
cause to be  delivered to each person to whom the  prospectus  is sent or given,
the latest  quarterly  report that is specifically  incorporated by reference in
the prospectus to provide such interim financial information.

         (d)  Insofar  as  indemnification  for  liabilities  arising  under the
Securities Act of 1933 may be permitted to directors,  officers and  controlling
persons of the registrant  pursuant to the foregoing  provisions,  or otherwise,
the  registrant  has been  advised  that in the  opinion of the  Securities  and
Exchange  Commission such  indemnification is against public policy as expressed
in the 1933 Act and is, therefore,  unenforceable. In the event that a claim for
indemnification  against  such  liabilities  (other  than  the  payment  by  the
registrant of expenses  incurred or paid by a director,  officer or  controlling
person of the  registrant  in the  successful  defense  of any  action,  suit or
proceeding)  is  asserted by such  director,  officer or  controlling  person in
connection with the securities being registered,  the registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit  to a  court  of  appropriate  jurisdiction  the  question  whether  such
indemnification  by it is against  public  policy  expressed in the 1933 Act and
will be governed by the final adjudication of such issue.

                                      - 5 -

<PAGE>

                                   SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act  of  1933,  the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement  to be  signed  on its  behalf  by  the  undersigned,  thereunto  duly
authorized,  in the City of Cranford in the State of New Jersey, on the 27th day
of May 2003.

                                   Synergy Financial Group, Inc.


                                   By:     /s/John S. Fiore
                                           -------------------------------------
                                           John S. Fiore
                                           President and Chief Executive Officer
                                           (Duly Authorized Representative)

                                POWER OF ATTORNEY

         We, the undersigned  directors and officers of Synergy Financial Group,
Inc., do hereby  severally  constitute and appoint John S. Fiore as our true and
lawful attorney and agent, to do any and all things and acts in our names in the
capacities  indicated below and to execute any and all instruments for us and in
our names in the  capacities  indicated  below which said John S. Fiore may deem
necessary or advisable to enable Synergy  Financial Group,  Inc., to comply with
the  Securities  Act of  1933,  as  amended,  and  any  rules,  regulations  and
requirements of the Securities and Exchange  Commission,  in connection with the
Registration  Statement  on  Form  S-8  relating  to the  registrant,  including
specifically,  but not limited to, power and authority to sign, for any of us in
our names in the capacities indicated below, the Registration  Statement and any
and all amendments (including post-effective  amendments) thereto; and we hereby
ratify and  confirm  all that said John S. Fiore shall do or cause to be done by
virtue hereof.

         Pursuant  to the  requirements  of the  Securities  Act of  1933,  this
Registration  Statement  has been signed below by the  following  persons in the
capacities indicated as of the date indicated.

<TABLE>
<CAPTION>

<S>                                             <C>
/s/Kenneth S. Kasper                              /s/John S. Fiore
--------------------------------------------      --------------------------------------
Kenneth S. Kasper                                 John S. Fiore
Chairman and Director                             President, Chief Executive Officer and
                                                  Director
                                                  (Principal Executive Officer)


Date:    May 27, 2003                             Date:    May 27, 2003


/s/Ralph A. Fernandez                             /s/Paul T. LaCorte
--------------------------------------------      --------------------------------------
Ralph A. Fernandez                                Paul T. LaCorte
Vice President and Chief Financial Officer        Director
(Principal Financial and Accounting Officer)


Date:    May 27, 2003                             Date:    May 27, 2003

<PAGE>




--------------------------------------------      --------------------------------------
Nancy A. Davis                                    George Putvinski
Director                                          Director

Date:                     , 2003                  Date:                    , 2003
       -------------------                              -------------------

/s/W. Phillip Scott                               /s/Albert N.Stender
--------------------------------------------      --------------------------------------
W. Phillip Scott                                  Albert N. Stender
Director Director

Date:    May 27, 2003                             Date:    May 27, 2003


/s/David H. Gibbons, Jr.                          /s/Magdalena M. De Perez
--------------------------------------------      --------------------------------------
David H. Gibbons, Jr.                             Magdalena M. De Perez
Director                                          Director

Date:    May 27, 2003                             Date:    May 27, 2003
</TABLE>

<PAGE>

                                   SIGNATURES

         Pursuant to the  requirements  of the  Securities Act of 1933, the plan
administrator of the Synergy Financial Group, Inc.  Employees'  Savings & Profit
Sharing Plan and Trust has duly caused this registration  statement to be signed
on its behalf by the  undersigned,  thereunto  duly  authorized,  in the City of
Cranford, State of New Jersey on this 27th day of May, 2003.



                             Synergy Financial Group, Inc.
                             Employees' Savings & Profit Sharing Plan and Trust

                             By: /s/Kevin A. Wenthen
                                 -----------------------------------------------
                                  Kevin A. Wenthen
                                    Its Senior Vice President

                             As Plan Administrator on behalf of
                             Synergy Financial Group, Inc.

<PAGE>

                                INDEX TO EXHIBITS



Exhibit                    Description
-------                    -----------

4.1      Synergy Financial Group, Inc. Employees' Savings and Profit Sharing
         Plan and Trust Basic Plan Document

4.2      Synergy Financial Group, Inc. Employees' Savings and Profit Sharing
         Plan and Trust Adoption Agreement

4.3      Summary Plan Description of the Plan

4.4      Trust Document for the Plan

5.1      Favorable determination letter dated March 7, 2002, confirming that the
         Plan is qualified under Section 401 of the Internal Revenue Code of
         1986, as amended

23.1     Consent of Grant Thornton LLP

23.2     Consent of Fontanella and Babitts
[{"type": "S-8", "sequence": "1", "filename": "s8401k_052903-0207.txt", "description": "FORM", "secsgml_size_bytes": 21531}]
{"company-data": {"conformed-name": "SYNERGY FINANCIAL GROUP INC", "cik": "0001174258", "assigned-sic": "6035", "irs-number": "223798677"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-105633", "film-number": "03722987"}, "business-address": {"street1": "310 N. AVE EAST", "city": "CRANFORD", "state": "NJ", "zip": "07016", "phone": "8006935838"}, "mail-address": {"street1": "310 N. AVE. EAST", "city": "CRANFORD", "state": "NJ", "zip": "07016"}}
As filed with the Securities and Exchange Commission on May 29, 2003.

                                                    Registration No. 333-_______

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                             ----------------------

                                    FORM S-8
                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933

                             ----------------------

                          Synergy Financial Group, Inc.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

       United States                                            22-3798677
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization)                               Identification No.)

                              310 North Avenue East
                           Cranford, New Jersey 07016
             ------------------------------------------------------
                    (Address of principal executive offices)

                          Synergy Financial Group, Inc.
               Employees' Savings & Profit Sharing Plan and Trust
             ------------------------------------------------------
                            (Full Title of the Plan)

                               Ralph A. Fernandez
                             Chief Financial Officer
                              310 North Avenue East
                           Cranford, New Jersey 07016
                                  908-272-3838
             ------------------------------------------------------
            (Name, address and telephone number of agent for service)

                                   Copies to:
                               Richard Fisch, Esq.
                              Evan M. Seigel, Esq.
                            Malizia Spidi & Fisch, PC
                           1100 New York Avenue, N.W.
                                 Suite 340 West
                             Washington, D.C. 20005
                                 (202) 434-4660
             ------------------------------------------------------
CALCULATION OF REGISTRATION FEE
=================  ============= ==================== ================ ============
Title of                            Proposed Maximum  Proposed Maximum  Amount of
Securities to      Amount to be         Offering          Offering     Registration
be Registered(1)   Registered(2)   Price Per Share(3)     Price (4)        Fee
----------------   -------------   ------------------     ---------        ---
Common Stock
$0.10 par value
per share             46,875             $20.48           $960,000        $77.66
=================  ============= ==================== ================ ============
(1)      In addition,  pursuant to Rule 416(c) under the Securities Act of 1933,
         this  registration  statement  also covers an  indeterminate  amount of
         interests  to be  offered or sold  pursuant  to the  Synergy  Financial
         Group,  Inc.  Employees'  Savings & Profit  Sharing Plan and Trust (the
         "Plan"), as described herein.
(2)      Estimates the maximum number of shares  expected to be issued under the
         Plan assuming that all employer and employee  contributions to the Plan
         are used to purchase shares of Common Stock of Synergy Financial Group,
         Inc. (the "Company"),  together with an indeterminate  number of shares
         which may be  necessary  to adjust the number of  additional  shares of
         Common  Stock  reserved  for  issuance  pursuant  to the Plan and being
         registered  herein,  as the result of a stock  split,  stock  dividend,
         reclassification,  recapitalization,  or similar  adjustment(s)  of the
         Common Stock of the Company.
(3)      Estimated  solely for the purpose of calculating the  registration  fee
         and calculated  pursuant to Rule 457(c) based on the average of the bid
         and ask prices of the Common Stock of the Registrant as reported on the
         OTC Bulletin Board on May 23, 2003.
(4)      Estimated based on (2) and (3) above.

         This Registration  Statement shall become effective  automatically upon
the date of filing,  in accordance  with Section 8(a) of the  Securities  Act of
1933.
PART I

              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1.  Plan Information. *
------

Item 2.  Registrant Information and Employee Plan Annual Information. *
------

         *This  Registration  Statement  relates to the  registration  of 46,875
shares of Common Stock,  $0.10 par value per share, of Synergy  Financial Group,
Inc.  (the  "Company")  reserved for  issuance  and  delivery  under the Synergy
Financial Group,  Inc.  Employees'  Savings & Profit Sharing Plan and Trust (the
"Plan").  Documents  containing  the  information  required  by  Part I of  this
Registration  Statement  will be sent or  given to  participants  in the Plan as
specified by Rule  428(b)(1).  Such  documents are not filed with the Securities
and Exchange  Commission (the "Commission")  either as part of this Registration
Statement or as prospectuses or prospectus  supplements pursuant to Rule 424, in
reliance on Rule 428.

                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Certain Documents by Reference.
------

         The Company became  subject to the  informational  requirements  of the
Securities  Exchange  Act of 1934  (the  "1934  Act") on  August  21,  2002 and,
accordingly,  files periodic reports and other  information with the Commission.
Reports,  proxy  statements and other  information  concerning the Company filed
with the  Commission  may be inspected and copies may be obtained (at prescribed
rates) at the  Commission's  Public  Reference  Section,  Room  1024,  450 Fifth
Street, N.W., Washington, D.C. 20549.

         The following  documents filed by the Company are  incorporated in this
Registration Statement by reference:

         (a) The  Company's  Annual  Report on Form  10-KSB  for the year  ended
December 31, 2002, as filed with the Commission;

         (b) The Company's Quarterly Report on Form 10-QSB for the quarter ended
March 31, 2003, as filed with the Commission;

         (c)  Current  Report on Form 8-K (date of event:  April 23,  2003),  as
filed with the Commission on April 23, 2003; and

         (d) The  description  of the  Company's  securities as contained in the
Company's  Registration  Statement on Form 8-A, as filed with the  Commission on
August 21, 2002.

         All documents  subsequently  filed by the Company  pursuant to Sections
13(a),  13(c),  14,  and  15(d)  of the  1934  Act,  prior  to the  filing  of a
post-effective amendment which indicates that all securities offered

                                      - 2 -
have been sold or which  deregisters all securities then remaining  unsold shall
be deemed to be incorporated by reference in this Registration  Statement and to
be a part hereof from the date of filing of such documents.

Item 4.  Description of Securities.
------

         Not Applicable.

Item 5.  Interests of Named Experts and Counsel.
------

         Not Applicable.

Item 6.  Indemnification of Directors and Officers.
------

         Article XI of the Bylaws of the Company sets forth  circumstances under
which directors, officers, employees and agents of the Company may be insured or
indemnified against liability which they incur in their capacities as such.

         Each  person who was or is made a party or is  threatened  to be made a
party to or is otherwise  involved in any action,  suit or  proceeding,  whether
civil, criminal,  administrative or investigative  (hereinafter a "proceeding"),
by reason of the fact that he is or was a  Director,  officer or employee of the
Company or is or was  serving  at the  request  of the  Company  as a  Director,
Officer or employee of another  corporation or of a partnership,  joint venture,
trust or other enterprise, including service with respect to an employee benefit
plan  (hereinafter  an  "indemnitee"),  whether the basis of such  proceeding is
alleged action in an official capacity as a Director,  officer or employee or in
any other  capacity while serving as a Director,  officer or employee,  shall be
indemnified and held harmless by the Company to the fullest extent authorized by
the Regulations of the Office of Thrift  Supervision,  as the same exists or may
hereafter  be  amended  against  all  expense,  liability  and  loss  (including
attorneys' fees,  judgments,  fines, ERISA excise taxes or penalties and amounts
paid in  settlement)  reasonably  incurred  or suffered  by such  indemnitee  in
connection therewith.

         The right to  indemnification  conferred herein shall include the right
to be paid by the Company the expenses incurred in defending any such proceeding
in advance of its final  disposition,  to the fullest  extent  authorized by the
Regulations of the Office of Thrift  Supervision.  The rights to indemnification
and to the advancement of expenses conferred herein shall be contract rights and
such rights shall  continue as to an indemnitee who has ceased to be a Director,
officer or employee  and shall inure to the benefit of the  indemnitee's  heirs,
executors and administrators.

Item 7.  Exemption from Registration Claimed.
------

         Not Applicable.

Item 8.  Exhibits.
------

         For a  list  of  all  exhibits  filed  or  included  as  part  of  this
Registration Statement,  see "Index to Exhibits" at the end of this Registration
Statement.

                                      - 3 -
In lieu of an opinion of counsel  concerning the Plan's compliance with
the requirements of ERISA,  the Company hereby  undertakes that it has submitted
the Plan and any amendment  thereto to the Internal Revenue Service ("IRS") in a
timely manner and will make all changes  required by the IRS in order to qualify
the Plan.

Item 9.  Undertakings.
------

         (a) The undersigned registrant hereby undertakes:

                  (1) To file,  during any  period in which  offers or sales are
                  being made, a  post-effective  amendment to this  registration
                  statement;

                  (i) To include any prospectus  required by Section 10(a)(3) of
                  the Securities Act of 1933;

                  (ii) To reflect in the  prospectus any facts or events arising
                  after the effective date of the registration statement (or the
                  most   recent   post-effective   amendment   thereof)   which,
                  individually  or in the  aggregate,  represent  a  fundamental
                  change  in the  information  set  forth  in  the  registration
                  statement;

                  (iii) To include any material  information with respect to the
                  plan  of   distribution   not  previously   disclosed  in  the
                  registration   statement  or  any  material   change  to  such
                  information in the registration statement.

provided  however,  that paragraphs  (a)(1)(i) and (a)(1)(ii) do no apply if the
registration statement is on Form S-3, Form S-8, and the information required to
be included in a  post-effective  amendment by those  paragraphs is contained in
periodic reports filed by the registrant  pursuant to Section 13 or 15(d) of the
Securities  Exchange  Act of 1934  that are  incorporated  by  reference  in the
registration statement;

                  (2) That, for the purpose of determining  any liability  under
the Securities Act of 1933, each such  post-effective  amendment shall be deemed
to be a new registration  statement  relating to the securities offered therein,
and the  offering  of such  securities  at that  time  shall be deemed to be the
initial bona fide offering thereof.

                  (3) To remove from  registration by means of a  post-effective
amendment  any of the  securities  being  registered  which remain unsold at the
termination of the offering.

         (b) The undersigned  registrant hereby undertakes that, for purposes of
determining  any liability  under the Securities Act of 1933, each filing of the
registrant's  annual  report  pursuant to section  13(a) or section 15(d) of the
Securities  Exchange  Act of 1934  (and,  where  applicable,  each  filing of an
employee  benefit  plan's  annual  report  pursuant  to  section  15(d)  of  the
Securities  Exchange  Act of 1934)  that is  incorporated  by  reference  in the
registration  statement  shall  be  deemed  to be a new  registration  statement
relating to the securities offered therein,  and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

                                      - 4 -
(c) The undersigned registrant hereby undertakes to deliver or cause to
be delivered with the prospectus,  to each person to whom the prospectus is sent
or given, the latest annual report,  to security holders that is incorporated by
reference  in  the  prospectus  and  furnished   pursuant  to  and  meeting  the
requirements  of Rule 14a-3 or Rule 14c-3 under the  Securities  Exchange Act of
1934;  and,  where  interim  financial  information  required to be presented by
Article 3 of Regulation S-X is not set forth in the prospectus,  to deliver,  or
cause to be  delivered to each person to whom the  prospectus  is sent or given,
the latest  quarterly  report that is specifically  incorporated by reference in
the prospectus to provide such interim financial information.

         (d)  Insofar  as  indemnification  for  liabilities  arising  under the
Securities Act of 1933 may be permitted to directors,  officers and  controlling
persons of the registrant  pursuant to the foregoing  provisions,  or otherwise,
the  registrant  has been  advised  that in the  opinion of the  Securities  and
Exchange  Commission such  indemnification is against public policy as expressed
in the 1933 Act and is, therefore,  unenforceable. In the event that a claim for
indemnification  against  such  liabilities  (other  than  the  payment  by  the
registrant of expenses  incurred or paid by a director,  officer or  controlling
person of the  registrant  in the  successful  defense  of any  action,  suit or
proceeding)  is  asserted by such  director,  officer or  controlling  person in
connection with the securities being registered,  the registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit  to a  court  of  appropriate  jurisdiction  the  question  whether  such
indemnification  by it is against  public  policy  expressed in the 1933 Act and
will be governed by the final adjudication of such issue.

                                      - 5 -
SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act  of  1933,  the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement  to be  signed  on its  behalf  by  the  undersigned,  thereunto  duly
authorized,  in the City of Cranford in the State of New Jersey, on the 27th day
of May 2003.

                                   Synergy Financial Group, Inc.

                                   By:     /s/John S. Fiore
                                           -------------------------------------
                                           John S. Fiore
                                           President and Chief Executive Officer
                                           (Duly Authorized Representative)

                                POWER OF ATTORNEY

         We, the undersigned  directors and officers of Synergy Financial Group,
Inc., do hereby  severally  constitute and appoint John S. Fiore as our true and
lawful attorney and agent, to do any and all things and acts in our names in the
capacities  indicated below and to execute any and all instruments for us and in
our names in the  capacities  indicated  below which said John S. Fiore may deem
necessary or advisable to enable Synergy  Financial Group,  Inc., to comply with
the  Securities  Act of  1933,  as  amended,  and  any  rules,  regulations  and
requirements of the Securities and Exchange  Commission,  in connection with the
Registration  Statement  on  Form  S-8  relating  to the  registrant,  including
specifically,  but not limited to, power and authority to sign, for any of us in
our names in the capacities indicated below, the Registration  Statement and any
and all amendments (including post-effective  amendments) thereto; and we hereby
ratify and  confirm  all that said John S. Fiore shall do or cause to be done by
virtue hereof.

         Pursuant  to the  requirements  of the  Securities  Act of  1933,  this
Registration  Statement  has been signed below by the  following  persons in the
capacities indicated as of the date indicated.
/s/Kenneth S. Kasper                              /s/John S. Fiore
--------------------------------------------      --------------------------------------
Kenneth S. Kasper                                 John S. Fiore
Chairman and Director                             President, Chief Executive Officer and
                                                  Director
                                                  (Principal Executive Officer)

Date:    May 27, 2003                             Date:    May 27, 2003

/s/Ralph A. Fernandez                             /s/Paul T. LaCorte
--------------------------------------------      --------------------------------------
Ralph A. Fernandez                                Paul T. LaCorte
Vice President and Chief Financial Officer        Director
(Principal Financial and Accounting Officer)

Date:    May 27, 2003                             Date:    May 27, 2003
--------------------------------------------      --------------------------------------
Nancy A. Davis                                    George Putvinski
Director                                          Director

Date:                     , 2003                  Date:                    , 2003
       -------------------                              -------------------

/s/W. Phillip Scott                               /s/Albert N.Stender
--------------------------------------------      --------------------------------------
W. Phillip Scott                                  Albert N. Stender
Director Director

Date:    May 27, 2003                             Date:    May 27, 2003

/s/David H. Gibbons, Jr.                          /s/Magdalena M. De Perez
--------------------------------------------      --------------------------------------
David H. Gibbons, Jr.                             Magdalena M. De Perez
Director                                          Director

Date:    May 27, 2003                             Date:    May 27, 2003
SIGNATURES

         Pursuant to the  requirements  of the  Securities Act of 1933, the plan
administrator of the Synergy Financial Group, Inc.  Employees'  Savings & Profit
Sharing Plan and Trust has duly caused this registration  statement to be signed
on its behalf by the  undersigned,  thereunto  duly  authorized,  in the City of
Cranford, State of New Jersey on this 27th day of May, 2003.

                             Synergy Financial Group, Inc.
                             Employees' Savings & Profit Sharing Plan and Trust

                             By: /s/Kevin A. Wenthen
                                 -----------------------------------------------
                                  Kevin A. Wenthen
                                    Its Senior Vice President

                             As Plan Administrator on behalf of
                             Synergy Financial Group, Inc.
INDEX TO EXHIBITS

Exhibit                    Description
-------                    -----------

4.1      Synergy Financial Group, Inc. Employees' Savings and Profit Sharing
         Plan and Trust Basic Plan Document

4.2      Synergy Financial Group, Inc. Employees' Savings and Profit Sharing
         Plan and Trust Adoption Agreement

4.3      Summary Plan Description of the Plan

4.4      Trust Document for the Plan

5.1      Favorable determination letter dated March 7, 2002, confirming that the
         Plan is qualified under Section 401 of the Internal Revenue Code of
         1986, as amended

23.1     Consent of Grant Thornton LLP

23.2     Consent of Fontanella and Babitts