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) December 13, 2007

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 December 13, 2007, Stewardship Financial Corporation issued a press release announcing a $0.09 per share cash dividend to shareholders of record on January 15, 2008, payable February 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 December 13, 2007

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:  December 14, 2007	Stewardship Financial Corporation
	/s/  Julie E. Holland
	Julie E. Holland
	Senior Vice President and Treasurer

EX-99.1

For Immediate Release
December 13, 2007
Contact:	Mary Beth Steiginga
	630 Godwin Avenue
	Midland Park, NJ 07432
	201-444-7100

PRESS RELEASE

STEWARDSHIP FINANCIAL CORPORATION

DECLARES CASH DIVIDEND

Midland Park, NJ – December 13, 2007 – The Board of Directors of Stewardship Financial Corporation (NASDAQ: SSFN), parent company of Atlantic Stewardship Bank, has declared a $0.09 per share cash dividend to shareholders of record date January 15, 2008, payable February 1, 2008.

In announcing the dividend, Chairman William C. Hanse and President and Chief Executive Officer Paul Van Ostenbridge stated, “The Corporation continues to perform well given the current interest rate environment and as a result, we are pleased to recognize shareholders with this cash dividend. This dividend represents the forty-first consecutive quarterly dividend paid by the Stewardship Financial Corporation. The Atlantic Stewardship Bank, subsidiary of Stewardship Financial Corporation will open its newest branch at 33 Sicomac Road, North Haledon, New Jersey next week. This is the third new branch established by the Bank in 2007.”

This dividend is in the same amount per share as the cash dividend paid in the first quarter of 2007, but represents a 5 percent increase over the first quarter cash dividend paid in 2007, as adjusted for the 5 percent stock dividend paid in November 2007.

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 and Wyckoff, New Jersey. The Bank will open its thirteenth branch in North Haledon, New Jersey in December. 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.