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)

January 3, 2008

AMERICAN BANCORP OF NEW JERSEY, INC. (Exact name of registrant as specified in its charter)

New Jersey(State or other jurisdiction of incorporation or organization)	0-51500(Commission file number)	55-0897507(I.R.S. Employer Identification Number)
365 Broad Street, Bloomfield, New Jersey 07003(Address of Principal Executive Offices) (973) 748-3600(Registrant's telephone number, including area code)

N/A (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:

	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01   Other Events

             On January 3, 2008, American Bancorp of New Jersey, Inc. issued the press release attached to this report as Exhibit 99, announcing the completion of the stock repurchase program announced on August 29, 2007, and the initiation of a new stock repurchase program. The press release is attached to this report as Exhibit 99, which is incorporated herein by reference.

Item 9.01.  Financial Statements and Exhibits

(d)	Exhibits
	99	Press release dated January 3, 2008

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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 thereunto duly authorized.

		American Bancorp of New Jersey, Inc.     (Registrant)
Date:	January 3, 2008	/s/ Eric B. HeyerEric B. Heyer Senior Vice President and Chief Financial Officer

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EXHIBIT INDEX

Exhibit No.	Description
99	Press release dated January 3, 2008

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EX-99

PRESS RELEASE

	Contact:	Fred G. Kowal President and Chief Operating Officer (973) 748-3600
American Bancorp of New Jersey, Inc. American Bank of New Jersey 365 Broad Street Bloomfield, NJ 07003-2798 NASDAQ Global Market "ABNJ"		For Immediate Release January 3, 2008

AMERICAN BANCORP OF NEW JERSEY, INC.
ANNOUNCES INITIATION OF NEW STOCK REPURCHASE PROGRAM

Bloomfield, New Jersey - January 3, 2008 - American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) (the Company), holding company of American Bank of New Jersey (the Bank), announced the completion of its stock repurchase program announced on August 29, 2007. The Company also concurrently announced the initiation of a new program to repurchase up to an additional 5% of its outstanding shares in the open market or in privately negotiated transactions. These shares will be purchased from time to time depending upon market conditions.

Fred G. Kowal, President and Chief Operating Officer of the Company, indicated that the Board of Directors approved the repurchase program in view of the current price level of the Company's common stock and the strong capital position of the Company and its subsidiary, American Bank of New Jersey.

As of September 30, 2007, the Company had consolidated total assets of $573.7 million and stockholders' equity of $100.6 million. The Bank is a federally chartered stock savings bank which conducts business from its main office in Bloomfield, New Jersey and its branch offices located in Cedar Grove, Verona, Nutley and Clifton, New Jersey.

The foregoing material contains forward-looking statements concerning our financial condition, results of operations and business. We caution that such statements are subject to a number of uncertainties and actual results could differ materially, and, therefore, readers should not place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.