8-K

UNITED STATES

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): March 20, 2007

STEWARDSHIP FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

New Jersey	0-21855	22-3351447
(State or other jurisdiction	Commission File	(IRS Employer
of incorporation)	Number	Identification No.)

630 Godwin Avenue, Midland Park, NJ 07432

(Address of principal executive offices) (Zip Code)

(201) 444-7100

Registrant's telephone number, including area code

(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 (17 CFR 230.425)

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

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

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

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On March 20, 2007 Stewardship Financial Corporation (the “Registrant”) announced that its Board of Directors has approved the decision to cause the listing of its common stock to be withdrawn from the OTCBB and to list its common stock on the Nasdaq Stock Market LLC. The Registrant expects that its common stock will begin trading on The Nasdaq Capital Market under the symbol SSFN at the opening of trading on March 28, 2007. The Registrant’s common stock will continue to trade on the OTCBB under the symbol SSFN until the close of trading on March 27, 2007. A copy of the press release, dated March 20, 2007, is filed as Exhibit 99.1 to this Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits. The exhibit index filed herewith is incorporated herein by reference.

Exhibit 99.1 - Press release dated March 20, 2007

SIGNATURE

     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: March 22, 2007	Stewardship Financial Corporation
	/s/    Julie E. Holland
	Julie E. Holland
	Senior Vice President and Treasurer

EX-99.1

For Immediate Release
Date: March 20, 2007
Contact:	Mary Beth Steiginga
	Assistant Secretary
	630 Godwin Avenue
	Midland Park, NJ 07432
	201-444-7100

PRESS RELEASE

STEWARDSHIP FINANCIAL CORPORATION TO TRADE ON NASDAQ CAPITAL

MARKETS

Midland Park, NJ - March 20, 2007 - Stewardship Financial Corporation (OTC:SSFN), parent company of Atlantic Stewardship Bank, today announced it has been approved to list its common shares on The Nasdaq Capital Market.

On March 28, 2007, the Corporation will commence trading on The Nasdaq Capital Market under the symbol SSFN. Until that date, the Corporation will continue to trade on the OTCBB.

“We are delighted to reach this milestone in our history,” said Paul Van Ostenbridge, President and Chief Executive Officer of Stewardship Financial Corporation. “We believe that The Nasdaq Capital Market will provide more recognition and visibility for our company within the investment community. We look forward to increasing liquidity in our stock and thus enhancing value for our shareholders.”

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Press Release - Midland Park NJ
Stewardship Financial Corporation continued	March 20, 2007

Stewardship Financial Corporation is the parent company for Atlantic Stewardship Bank, which has banking offices in Midland Park, two branches in Hawthorne, Montville, Pequannock, Ridgewood, Waldwick and three branches in Wayne, New Jersey. The Bank has opened its eleventh branch in Wyckoff in March with a grand opening set for April 14, 2007 and is seeking approvals on its twelfth branch in Westwood. Atlantic Stewardship Bank, opened in 1985, is a community bank serving individuals and businesses, and is well known for tithing ten percent of its pre-tax profits to Christian and local charitable organizations.

Additional information regarding Stewardship Financial Corporation and Atlantic Stewardship Bank can be obtained by visiting www.asbnow.com or calling 201-444-7100.

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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