8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)        June 18, 2008

Stewardship Financial Corporation

(Exact Name of Registrant as Specified in its Charter)

New Jersey	0-21855	22-3351447
(State or Other Jurisdiction of	(Commission	(IRS Employer
Incorporation)	File Number)	Identification No.)

630 Godwin Avenue, Midland Park,  NJ	07432
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code    (201)  444-7100

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17CFR230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c))

Item 8.01.  Other Events

On June 18, 2008, Stewardship Financial Corporation issued a press release announcing a $0.095 per share cash dividend to shareholders of record on July 15, 2008, payable August 1, 2008.  A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01.   Financial Statements and Exhibits

(c)   The following exhibit is furnished pursuant to Item 8.01:

Exhibit No.	Description
Exhibit 99.1	Press Release dated June 18, 2008

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  June 18, 2008	Stewardship Financial Corporation
	/s/  Julie E. Holland
	Julie E. Holland
	Senior Vice President and Treasurer

EX-99.1

For Immediate Release
June 18, 2008
Contact:	Mary Beth Steiginga
	630 Godwin Avenue
	Midland Park, NJ 07432
	201-444-7100

PRESS RELEASE

STEWARDSHIP FINANCIAL CORPORATION

DECLARES INCREASE TO CASH DIVIDEND

Midland Park, NJ – June 18, 2008 – The Board of Directors of Stewardship Financial Corporation (NASDAQ: SSFN), parent company of Atlantic Stewardship Bank, has declared a $0.095 per share cash dividend to shareholders of record date July 15, 2008, payable August 1, 2008.  This represents a 10.8 percent increase over the third quarter cash dividend paid in 2007, as adjusted for a 5 percent stock dividend paid November 15, 2007.

In announcing the dividend, Chairman William C. Hanse and President and Chief Executive Officer Paul Van Ostenbridge stated, “We are pleased to recognize shareholders with this increased cash dividend, which represents the forty-third consecutive quarterly dividend paid by the Stewardship Financial Corporation.  We understand the challenges in the current banking environment, however remain optimistic about the Corporation’s future performance.”

Stewardship Financial Corporation’s subsidiary, Atlantic Stewardship Bank, has banking offices in Midland Park, Hawthorne (2 offices), Ridgewood, Montville, Pequannock, Waldwick, Wayne (3 offices), Westwood, Wyckoff and North Haledon, New Jersey.  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.