September 15, 2003



Boards of Directors
Synergy, MHC
Synergy Financial Group, Inc.
Synergy Bank
310 North Avenue East
Cranford, NJ 07016

Dear Board Members:

All  capitalized  terms not  otherwise  defined in this letter have the meanings
given such terms in the Plan of Conversion,  as amended (the "Plan")  adopted by
the Board of Directors of Synergy, MHC (the "Company"). Synergy Financial Group,
Inc. is offering  common stock for sale in connection with the conversion of the
Company  from the mutual to the stock  form of  organization.  The shares  being
offered  represent the ownership  interest in Synergy  Financial Group, Inc. now
owned by the Company.  The existing  publicly  held shares of Synergy  Financial
Group,  Inc.  will be  exchanged  for new  shares  of  common  stock of  Synergy
Financial  Group,  Inc.  All shares  offered  for sale are offered at a price of
$10.00 per share.

We understand that in accordance with the Plan,  subscription rights to purchase
shares of the Conversion Stock are to be issued to (i) Eligible Account Holders;
(ii) Tax Qualified Plans; (iii) Supplemental  Eligible Account Holders; and (iv)
Other  Members  together  collectively  referred to as the  "Recipients".  Based
solely on our observation that the subscription rights will be available to such
Recipients without cost, will be legally non-transferable and of short duration,
and will afford the Recipients  the right only to purchase  shares of Conversion
Stock at the same price as will be paid by members of the general  public in the
Direct  Community  Offering,  if any, but without  undertaking  any  independent
investigation  of state or federal law or the position of the  Internal  Revenue
Service with respect to this issue, we are of the belief that:

(1)  the subscription rights will have no ascertainable market value; and

(2)  the price at which the subscription rights are exercisable will not be more
     or less than the pro forma market value of the shares upon issuance.

Changes  in the local and  national  economy,  the  legislative  and  regulatory
environment,  the stock market,  interest rates, and other external forces (such
as natural  disasters or significant  world events) may occur from time to time,
often with great  unpredictability and may materially impact the value of thrift
stocks as a whole or the Company's value alone. Accordingly, no assurance can be
given that persons who subscribe to shares of Conversion Stock in the Conversion
will thereafter be able to buy or sell such shares at the same price paid in the
Subscription Offering.


                                            Very Truly Yours,

                                            /s/FinPro, Inc.

                                            FinPro, Inc.