Filed by Interchange Financial Services Corporation
                           Pursuant to Rule 425 under the Securities Act of 1933
                                        and deemed filed pursuant to Rule 14a-12
                                      of the Securities and Exchange Act of 1934

                                           Subject Company:  Bridge View Bancorp
                                                   Commission File No. 001-12165

Once the transaction  has been signed,  written  communications  may be deemed a
soliciation   of  proxies   subject  to  the   Securities   Exchange  Act.  Such
communications   may  be  made  prior  to  furnishing  the  proxy  statement  to
shareholders  (as filed with the SEC), if it is filed with the SEC no later than
the date the material is first published, sent or given to shareholders, and the
following legends are included:

     This presentation contains forward-looking statements within the meaning of
the Private Securities  Litigation Reform Act of 1995. Such statements  include,
but are not  limited to,  statements  about the  benefits of the merger  between
Interchange  Financial Services Corporation and Bridge View Bank Corp, including
future  financial and operating  results,  cost savings,  enhanced  revenues and
accretion to reported earnings that may be realized from the merger.  Statements
with respect to Interchange's and Bridge View's plans, objectives,  expectations
and intentions,  and other  statements that are not historical  facts, and other
statements  identified  by  words  such  as  believes,   expects,   anticipates,
estimates,  intends,  plans, targets,  projects, and similar expressions.  These
statements are based upon the current beliefs and  expectations of Interchange's
and  Bridge  View's  management,  and  are  subject  to  significant  risks  and
uncertainties.   Actual   results  may  differ  from  those  set  forth  in  the
forward-looking statements.

     The following factors,  among others,  could cause actual results to differ
materially from the anticipated  results or other expectations  expressed in the
forward-looking statements:

     1. The risk that the businesses of Interchange  and Bridge View will not be
integrated  successfully,  or  such  integration  may be  more  difficult,  time
consuming  or costly than  expected.  2.  Expected  revenue  synergies  and cost
savings  from the  merger  may not be fully  realized  or  realized  within  the
expected timeframe. 3. Revenues following the merger may be lower than expected.
4. Deposit  attrition,  operating costs,  customer loss and business  disruption
following the merger, including without limitation,  difficulties in maintaining
relationships  with  employees may be greater than  expected.  5. The ability to
obtain  approvals  of the  merger on the  proposed  terms and  schedule.  6. The
failure  of  Interchange's  and  Bridge  View's   stockholders  to  approve  the
transaction.  7.  Competitive  pressures  among  depository and other  financial
institutions may increase significantly and have an effect on pricing, spending,
third party  relationships  in revenues.  8. The strength of the United  States'
economy in general and the strength of the local economies in which the combined
company will conduct  operations may be different  than expected,  resulting in,
among other things,  a  deterioration  in credit quality or a reduced demand for
credit,  including the resultant effect on the combined company's loan portfolio
and  allowance  for loan losses.  9.  Changes in the U.S. and foreign  legal and
regulatory  framework.  10. Adverse  conditions in the stock market,  the public
debt market,  and other  capital  markets,  including  changes in interest  rate
conditions and the impact of such conditions on the combined  company's  capital
markets and asset  management  activities.  Additional  factors that could cause
Interchange's  and  Bridge  View's  results  to  differ  materially  from  those
described in the  forward-looking  statements can be found in Interchange's  and
Bridge View's reports,  such as annual reports on Form 10K, quarterly reports on
Form 10Q, and current reports on Form 8K, filed with the Securities and Exchange
Commission  and available in the SEC's internet  site,  http://www.sec.gov.  All
subsequent written and oral forward-looking  statements  concerning the proposed
transaction or other matters  attributable to Interchange or Bridge View, or any
person acting on their behalf, are expressly  qualified in their entirety by the
cautionary  statements  above.  Interchange and Bridge View do not undertake any
obligation to update any forward-looking  statement to reflect  circumstances or
events that occur after the date the forward-looking statements are made.

The following is a transcript of the audio webcast held on November 19, 2002 by
Interchange Financial Services Corporation.



                            INTERCHANGE FINANCIAL SERVICES CORPORATION


                            HOSTS:  Anthony S. Abbate
                                    Anthony J. Labozzetta


                            DATE:   November 19, 2002


                            TIME:   2:00 p.m. EST






     Operator:  Good  afternoon  and  welcome,  ladies  and  gentlemen,  to  the
Interchange  Financial  Services and Bridge View Bank Corp announcement plans to
merge. At this time, I would like to inform you that all  participants  are in a
listen only mode. At the request of the company,  we will open the conference up
for questions and answers after the presentation.  At the request of management,
I'll be reading the following statement.

     This presentation contains forward-looking statements within the meaning of
the Private Securities  Litigation Reform Act of 1995. Such statements  include,
but are not  limited to,  statements  about the  benefits of the merger  between
Interchange  Financial Services Corporation and Bridge View Bank Corp, including
future  financial and operating  results,  cost savings,  enhanced  revenues and
accretion to reported earnings that may be realized from the merger.  Statements
with respect to Interchange's and Bridge View's plans, objectives,  expectations
and intentions,  and other  statements that are not historical  facts, and other
statements  identified  by  words  such  as  believes,   expects,   anticipates,
estimates,  intends,  plans, targets,  projects, and similar expressions.  These
statements are based upon the current beliefs and  expectations of Interchange's
and  Bridge  View's  management,  and  are  subject  to  significant  risks  and
uncertainties.   Actual   results  may  differ  from  those  set  forth  in  the
forward-looking statements.

     The following factors,  among others,  could cause actual results to differ
materially from the anticipated  results or other expectations  expressed in the
forward-looking statements:

     1. The risk that the businesses of Interchange  and Bridge View will not be
integrated  successfully,  or  such  integration  may be  more  difficult,  time
consuming  or costly than  expected.  2.  Expected  revenue  synergies  and cost
savings  from the  merger  may not be fully  realized  or  realized  within  the
expected timeframe. 3. Revenues following the merger may be lower than expected.
4. Deposit  attrition,  operating costs,  customer loss and business  disruption
following the merger, including without limitation,  difficulties in maintaining
relationships  with  employees may be greater than  expected.  5. The ability to
obtain  approvals  of the  merger on the  proposed  terms and  schedule.  6. The
failure  of  Interchange's  and  Bridge  View's   stockholders  to  approve  the
transaction.  7.  Competitive  pressures  among  depository and other  financial
institutions may increase significantly and have an effect on pricing, spending,
third party  relationships  in revenues.  8. The strength of the United  States'
economy in general and the strength of the local economies in which the combined
company will conduct  operations may be different  than expected,  resulting in,
among other things,  a  deterioration  in credit quality or a reduced demand for
credit,  including the resultant effect on the combined company's loan portfolio
and  allowance  for loan losses.  9.  Changes in the U.S. and foreign  legal and
regulatory  framework.  10. Adverse  conditions in the stock market,  the public
debt market,  and other  capital  markets,  including  changes in interest  rate
conditions and the impact of such conditions on the combined  company's  capital
markets and asset  management  activities.  Additional  factors that could cause
Interchange's  and  Bridge  View's  results  to  differ  materially  from  those
described in the  forward-looking  statements can be found in Interchange's  and
Bridge View's reports,  such as annual reports on Form 10K, quarterly reports on
Form 10Q, and current reports on Form 8K, filed with the Securities and Exchange
Commission  and available in the SEC's internet  site,  http://www.sec.gov.  All
subsequent written and oral forward-looking  statements  concerning the proposed
transaction or other matters  attributable to Interchange or Bridge View, or any
person acting on their behalf, are expressly  qualified in their entirety by the
cautionary  statements  above.  Interchange and Bridge View do not undertake any
obligation to update any forward-looking  statement to reflect  circumstances or
events that occur after the date the forward-looking statements are made.

     I'll now turn the conference  over to Mr. Anthony S. Abbate,  President and
CEO; and Mr. Anthony  Labozzetta,  Executive  Vice President and CFO.  Please go
ahead gentlemen.

     Anthony  Abbate:  Thank  you.  I am  Anthony  Abbate,  President  and Chief
Executive  Officer  of  Interchange  Financial,  and I'm  going  to ask  Anthony
Labozzetta,  our  Chief  Financial  Officer,  to  lead  off by  summarizing  the
acquisition  of  Bridge  View  Bank  Corp  by  Interchange   Financial  Services
Corporation.

     Anthony Labozzetta: Thank you, Tony. Good afternoon,  everyone. I'd like to
briefly summarize the transaction and then pass it back to Mr. Abbate to go over
the  strategic  objective  of this merger,  so that we can  possibly  answer all
questions that may arise. Briefly, I'll start on page four of your presentation.
The transaction,  as you're all aware of, is the acquisition of Bridge View Bank
by Interchange Financial Services;  the transaction value is approximately $86.6
million.  The value of this  transaction can fluctuate based on the value of the
Interchange  Financial Services share price at the date of closing.  The implied
transaction  price,  which  presumes a date of November 18, the closing price of
$18 a share, equates to approximately $22.72 per share on a fully diluted basis.
We used the treasury stock method to account for the options in that scenario.

     The stock component to  shareholders  is fixed at 2.9 million  shares.  The
cash  component  is also  fixed  at  $33.5  million.  The  consideration  mix is
approximately 60/40 and any elections that are made, over or under subscriptions
I should say, will be prorated at the closing  date.  But there's a walk-away to
this  transaction,  which  includes a 20% absolute  price decline of Interchange
Financial  shares,  and a 20%  decline  in an index.  It also  includes a single
walk-away provision of a 30% absolute decline in Interchange Financial Service's
stock  price.  A provision  will be made to backfill  to that 30%  decline.  The
accounting treatment for this transaction is purchase accounting,  and we expect
that the core deposit premium will be amortized over a seven-year period.

     We  expect  to  gain  some  synergies  in  this  transaction.  We  estimate
conservatively,  that  we will  achieve  a $1.8  million  in  cost  saves  on an
annualized  basis.  This is  approximately  20% of Bridge View Bank's  total G&A
expenses.  Again,  we've run scenarios  where we believe that we could  actually
achieve more than the 20%, however,  to be conservative in our analysis of these
figures, we used 20%. The restructuring charge, as part of this transaction,  is
expected to be about $1.9 million after tax,  which is $2.9 million  before tax.
On some other issues  relative to board of director  seats, we expect that three
of the Bridge View board of  directors  will hold seats at our  holding  company
board, and that six members will have directorships at the bank's board.

     As part of the  transaction,  I wanted to state  again that both  companies
conducted extensive due diligence on both sides which included the file reviews,
a review of the investment portfolio, regulatory filings, compliance matters and
the like. This transaction will require approvals from the federal regulators as
well as the  shareholders of both companies.  The  shareholders  for Bridge View
Bank must approve the merger; the shareholders of Interchange Financial Services
will only be required to approve the issuance of the shares.  We expect that the
transaction will close some time in April of 2003.

     On page six, we summarized the deal value. The deal value, based again on a
stock price of $18 per share, amounts to $86.6 million. If you look at that on a
12-month  trailing  earnings,  it equates to approximately 21 times that earning
stream.  Looking  at it to the 2003  earnings  stream,  it equates to about 17.2
times.

     I'd like to stop  here  for a moment  and  expand  on this.  If you look at
Bridge View's last 12 months earnings relative to its prior  experience,  you'll
come to find that the earnings got depressed  somewhat by the fact that they put
on four new branches and expanded their branch almost by 50%. Given that, these
branches in the last 12 months have not ramped up a significant point, and again
depressed earnings somewhat. So if you look at that, you have to bear that point
in mind as you look at that multiple for the trailing 12-month earnings.

     Relative  to the 2003  numbers,  we have  conservatively  estimated  Bridge
View's  expected  2003 numbers  based on our  evaluation  of their  forecast and
budgets.  We feel  comfortable  that that number is conservative  and represents
17.2 times earnings.  However,  we do expect that as the branches of Bridge View
Bank  begin  to  leverage  up and  that  earnings  stream  goes  back  to a more
normalized basis, or historically what Bridge View Bank has been  accomplishing,
that the growth rates will again increase  nicely and it will show good earnings
performance in 2004.  Moving on, price to tangible book, it's about three times.
The deposit premium that's created is about 23.8, and the premium over market is
13.7%.

     I'd like to turn it back to Mr.  Abbate to cover some  strategic  rationale
for doing this transaction. Tony.

     A. Abbate:  This  acquisition  fits nicely into our  strategic  vision.  It
expands our basic  business  banking  strategy,  and the merger will enhance our
long term  business  plan by  expanding  our small and  middle  market  business
operations  and will  further  enhance  our  ability to  generate  low cost core
deposits.  This is truly a  strategic  alliance  because  it  combines  two high
performing commercial banks.

     Interchange, as of September 30, has return on assets of 1.43% and a return
on equity of 17.49.  In spite of the  massive  expansion  of Bridge View in '02,
you'll  notice that their  return on assets is 1.51%,  while  equity  dropped to
13.68%.  However if you look at the September 30 '01 results, this company had a
return on assets of 1.98% and a return on equity of 18.07%.

     What is synergistic is that we have similar  business  models and cultures,
both companies  concentrate on small business and commercial  loans,  we work on
acquiring  low cost  core  deposits,  and  practice  relationship  banking.  The
combination  creates a stronger  competitor,  with a platform  that can  deliver
products and services with better  execution than larger banks.  We believe that
this has moderate execution risk. We see the ability to realize the cost savings
as forecasted.

     While  Bridge   View's   customer  and  market   profiles  are  similar  to
Interchange's, they present a stable deposit base, which compliments our deposit
strategy,  and it expands and strengthens our position in affluent Bergen County
New Jersey. More importantly, it gives us entry into eastern Bergen County where
there's a high  concentration  of business.  In fact,  where Bridge  View's main
office is located in Englewood Cliffs,  it's known as the  trillion-dollar  mile
because of the value of the commercial real estate and the number of Fortune 500
companies that are domiciled there.

     Further,  the corridor from the bridge down to North Bergen is known as the
gold coast for the amount of spendable income that's generated by the population
there.  As a result  it leads to the  potential  that we could tap into a market
share of $5 billion.

     Going on, let's take a look at Bergen County's  market data.  Bergen County
is adjacent to New York City, it contains  33,000  businesses  with over 330,000
households,  and the median  household  income is $65,000 and is ranked sixth in
New Jersey and 31st in the United States.  The median price of a house in Bergen
County is  $351,000,  the sixth  most  expensive  housing  market in the  United
States.  It's a highly  banked area with a  population  per bank branch of 2,000
with the New Jersey average being 2,800.

     I'd  like  to  call  your  attention  to the  map  that  we have of the new
footprint  based  upon our  anticipated  consolidation  and our  expansion  into
eastern  Bergen  County.  IFSC's assets will increase 30% and the branch network
will increase by 61%. Six of the eleven  Bridge View branches  opened during the
last three years, and four were opened in 2002, which creates enormous potential
in the market place with the average income and the relative degree of affluence
of the population in the county.  It will move our deposit market share position
from 12th to 6th in Bergen County.

     If you look at the data which is  contained  on page 13, as of June 30 2001
there is no current data available.  It will move us into sixth position and put
us only behind the largest  banks,  not only in northern New Jersey,  but in the
greater  metropolitan  area. So we think that this is a significant  move on our
part.

     The end  result  is that  we are  creating  a  stronger  competitor.  As of
September  30 the pro forma  company  would look like this,  with assets of $1.2
billion, gross loans of $801 million,  deposits of $1 billion,  equity of $131.2
million.  2003 projected net income was 20% of synergies at $17 million,  with a
market capitalization of $229.7 million. With that I'd like to turn this back to
Tony Labozzetta, our CFO, to discuss the pro forma financials with you.

     A.  Labozzetta:  Thank you,  Tony. I'd like to begin on page 16. One of the
things  that  I'd  like to  point  out as you  look at the  pro  forma  combined
companies is that Bridge View looks a lot like Interchange. As one of the things
that I pointed  out in many  presentations  for people  that have  followed  our
webcasts in the past,  is that we as a company have a strategic  objective to be
more of a business  bank.  You've  heard us say that part of our  mission was to
change the mix from consumer to  commercial,  upward of 70%. One of the things I
wanted to point out that you can see that Bridge View is nearly  there.  They're
at 69.8% as you can see on the bottom line, of commercial assets to total loans.
This is one of the  important  strategies  for us, to  continue to focus on this
business  banking.  Moving  on to the next  page,  one of the  things  that also
complements  Bridge View to  Interchange  is their deposit mix. They have a very
stable low cost deposit  base.  As you can see, that nearly 79%, or I should say
81%, of their deposit base, is housed in non-interest  bearing  demand,  and now
money markets and savings accounts. Similar to us, they do not rely on CD's as a
funding  source,  and as you can see, it only  represented  20% of their deposit
base.

     We again see an enormous  opportunity  to expand our  products and services
into this deposit  base and see growth.  Unlike some mergers that you might have
seen in the past and that we have also  experienced in the past, we don't expect
to see a deposit  runoff of any  magnitude.  In fact,  we clearly  expect to see
deposit expansion with regard to the Bridge View acquisitions.

     On  page  18  just a  little  summary  of the  financial  impacts.  As this
transaction  is  structured,  we  estimate  that it  would be one  penny,  or 1%
accretive to get the EPS and 7% accretive to cash EPS in 2003. One of the things
that I'd like to point out is 2003 will be a stub  period,  because we expect
the  transaction to close in April.  So this again is only  accounting for eight
months of the  transaction.  Looking  forward to our  projections  for 2004,  we
expect that  accretion to clearly ramp up. As you can see, we expect it to go up
7 cents a share,  or about 5% on a GAAP basis,  and a large 13%  accretion  on a
cash EPS basis for 2004.

     The annual cost saves are estimated again at $1.8 million, which we believe
are low, and which we believe are very  achievable.  We expect to realize  about
60% of those cost saves in 2003,  again because it is a short year,  and 100% to
be realized in 2004. We did not consider any revenue  enhancements  in coming up
with the figures that I've presented, but we have identified other opportunities
to take advantage of revenue enhancements. Again we believe this is an efficient
use of our capital and we projected an ROI on the  investment of that capital to
be in excess of 20%.

     On the next page we've just laid out some more detail to the  figures  that
I've just  provided.  I won't go into detail on these figures since I've already
presented them, but it's here for your  information.  Lastly on page 20, the pro
forma financial conditions of the company, as we pointed out, we will have about
$1.2  billion in  assets,  our loans  will be about  $800  million,  a loan loss
reserve of about 8.3.  Intangible  assets would be about $64 million.  We expect
that the CDI will be in the  range of about  $11  million,  with the  difference
being in goodwill.  The deposits  will be about $1 billion.  Our capital will be
about $131 million.

     Our equity to assets will be about  11.38%;  the tangible  equity to assets
will amount to 5.82%.  On a  non-performing,  on the asset  quality  basis,  our
non-performing to loans plus REO will be 50 basis points. Loan loss allowance to
non-performing  loans will be 226.18%;  a loan loss allowance to loans weekly to
1.04%.  I'd like to turn it back to Mr.  Abbate  to  summarize  the  transaction
before we open it up for questions.

     A.  Abbate:  In  summary,  this  transaction  enhances  short and long term
shareholder  value.  It expands and  strengthens our position in affluent Bergen
County New Jersey.  It is accretive to GAAP and cash EPS. Both companies possess
similar cultures and community  banking models. We have  complimentary  business
lines,  products and services.  We consider this to be a moderate execution risk
and an  effective  use of  capital.  The end  result is that it creates a larger
platform to take advantage of potential market expansion into adjacent counties.
With that we'd be prepared to take any questions that you would like to ask.

     Operator:  Thank you. The  question  and answer  session will begin at this
time.  If you are  using a  speakerphone,  please  pick  up the  handset  before
pressing any  numbers.  Should you have a question,  please press star,  one, on
your pushbutton telephone.  If you wish to withdraw your question,  please press
star, two. Your question will be taken in the order it is received. Please stand
by for your first question gentlemen. Our first question comes from Peyton Green
from FTN Financial Securities; please state your question.

     Peyton Green:  Hi, good  afternoon.  Looking at Bridge View's third quarter
numbers,  Tony if you could walk through how you're going to get to the implied,
I guess, $5.1 million or so that they have to earn in 2003 to make the pro forma
work.  They  appear to be asset  sensitive.  It's  hard to  imagine  that  their
interest  bearing  liabilities  can go down much. What does this most recent fed
move do to them, and also what does it do to you?

     A. Labozzetta: There was a series of questions in the question. I'll try to
get back,  Peyton if I miss any,  please ask it again.  In terms of what the fed
move has done to us, it has little  impact.  Clearly,  we still had some  wiggle
room in terms of what we can do on the deposit  side of the balance  sheet.  The
only question that comes up now is, what is the fed going to do going forward. I
don't know how many more  downward  moves we can stand,  but  clearly  we're not
positioning  the banks for any further decline in rates. In fact we're trying to
position the bank for protection if rates go the other way.

     With  regards to Bridge View,  they are a little bit more asset  sensitive.
When you fold them on top of our interest rate risk profile, it kind of balances
it out a little because  they're a little more asset  sensitive than we are, and
as you know, w're a little bit more liability  sensitive.  So we clearly expect
that to be balanced out.

     In  terms  of  their  earnings  for  2003,  I think  I'm  catching  all the
questions,  approximately  $5 million is the  figure  that we used for 2003,  we
based that  conservatively off of what we see. Just in fact if I could step back
a  moment,  we did  increase  their  cost of funds in our  projection.  We had a
conservative growth in their loan portfolio;  we left a big number in fed funds.
So what we  believe,  as these  branches  ramp up and they can  achieve the loan
demand that they're  seeing,  the rest is math.  We cut it down and we went from
there.

     P.  Green:  OK, so, I mean,  just to catch up a little bit, so they have to
have pretty significant balance sheet growth in 2003?

     A. Labozzetta:  We actually used projections that were lower than what they
had in the prior year in terms of loan growth alone.

     P. Green:  OK, I was just looking at it because the third quarter seemed to
be the worst  combination of events, in that the margin pressure was significant
and how they loaded the branches on.

     A. Labozzetta:  Right, but if you look at the nine-month period,  they grew
from $237, and I'm using estimates  here.  That could be--in 2001,  [crosstalk],
2001 to approximately  272 - 273 million  dollars.  So they had a pretty healthy
growth for the nine months.  I think it amounted to, what is the growth for nine
months--I could figure it out and get back on that. But it was a good size.

     P. Green: I was just wondering,  because I mean they had margin pressure in
the last two or three  quarters  and I was just  wondering if they were going to
have more margin pressure.

     A.  Labozzetta:  I think the  further  rate cuts don't help them as much as
they would help us, because of the fact that, you know,  they do have more asset
sensitivity  than we do and their deposit  pricing is about as low as it's going
to get, you know, in terms of anything considerable.

         P. Green:  OK, thank you.

         A. Abbate:  Thank you Peyton.

     Operator:  Thank you. Our next question comes from Paul Glazer, from Glazer
Capital Management. Please state your question.

     Paul  Glazer:  Yes,  I was just  trying to  figure  out,  technically,  the
consideration  per share the Bridge View  shareholders  are going to be getting.
From what I could piece  together,  there's going to be some target value that a
Bridge  View  shareholder  is going to get and that  target  value is based on a
certain amount of cash and a multiple of that average share price of Interchange
added together.  And then at the end, based on your election, in the pro-ration,
you'll get cash and/or shares  depending on your election,  pro-rations that are
equal  to that  target  value.  Now  can you  fill  in the  blanks  and  help me
understand what the valuation is going to be?

     A.  Labozzetta:  Yes.  Actually,  that 20 day valuation is only established
there for sort of coming up with the total  value  before the date of close.  In
terms of what a Bridge View bank--.

         P. Glazer:  So, what is the total--what's that-- [crosstalk].

     A.  Labozzetta:  Let me take it  through  a  different  way so I think,  it
becomes a little more clear. It's a fixed pool of consideration. What that means
is that  there's $33  million,  and I'm  rounding,  $33.5  million in cash,  2.9
million shares out there, that are total consideration.


     In terms of the  cash  component,  that  will not  change.  In terms of the
number of shares that are going to be issued as part of this  transaction,  that
also will not change. The only thing that will change there is that the price of
the shares  that will be issued  can  fluctuate  between  now and  closing.  But
obviously,  if you do the math, if the price of Interchange  Financial is higher
than at the point we  established  this,  the deal  consideration  increases the
total value of that  consideration,  where a share of  Interchange  Financial is
worth less, then obviously the total deal consideration will again, decline.

     But it's a fixed pool.  So, a Bridge View  shareholder  should know exactly
what they're getting. It's just a matter of the value of that consideration.


         A. Abbate:  We didn't answer your question, I assume?

         P. Glazer:   No, not at all.

         A. Labozzetta:  OK, say it again, then.  Maybe I didn't understand it.

         P. Glazer:  So, what is the value of the consideration?

         A. Abbate:  What is the value per share?

         P. Glazer:  Yeah, what is the value per share?

     A. Labozzetta: OK. If you look at it today, at an $18 value, if Interchange
Financial  Services share price is $18, your value,  if we were closing the deal
today, it would equate to $22.72.

     P. Glazer: Now, how did you figure that out? Can you tell us the formula?

     A. Labozzetta:  Sure. If you take the number of shares that we're granting,
the  value of those  shares,  plus the value of,  obviously,  the cash,  and you
divide that over the fully diluted  shares of Bridge View Bank,  which  includes
the common  stock  shares  outstanding  plus the options on the  Treasury  Stock
method.


     P. Glazer: What is that number?

     A. Labozzetta:  The options that are granted, I believe,  are 594 thousand,
with a weighted average strike price of about $12.47. So if you use the Treasury
Stock  method,  effectively  you only  consider  in the money  portion  of those
options.

     P. Glazer: OK, so what is that denominator?

     A. Labozzetta: About 3.8 million shares.

     P. Glazer: OK. OK.

     Operator: Does that answer your question sir?

     P. Glazer: Yeah, thanks for your help.

     Operator:  Thank you. Our next  question  comes from Jed Gore,  from Sunova
Capital. Please state your question.

     Jed  Gore:  Hi,  thanks,  congratulations.   Actually  my  question's  been
answered. Thank you.

     Operator:  Thank you. Our next  question  comes from Tony Reiner,  from the
Clinton Group. Please state your question.

     Tony  Reiner:  Hi, as I try to check  everybody's  math on the actual share
consideration,  excuse me, but I think that makes sense. As far as the walk away
provisions,  firstly,  and I assume it will all just be in the  filing,  but the
index that's included in the first walk away is what?

     A. Labozzetta: It's a grouping of about 20 banks on a weighted basis, based
on market cap.


     T. Reiner:  On a weighted basis, OK. And the second,  is this a 20% and 30%
decline,  respectively,  from today,  from  yesterday  from the beginning of the
average incurred under what timeframe?

     A.  Labozzetta:  It's at the time that we entered into this exchange ratio,
which the price  would've been about $17.05.  So, we're looking at triggers from
that point.  And just to clarify  it, I don't know if it was said  specifically,
the first trigger is a double trigger, which is at 20%/20%.

     T. Reiner: Yeah you did say that and I got that, thank you.

     A. Labozzetta: And the second one is an absolute 30% decline.

     T. Reiner: Where do you get [unintelligible] the $17.05 from?

     A. Labozzetta:  That was at the time we established our exchange ratio, and
that was the price at that time.

     T. Reiner: OK, so--$17.05, because, I don't see the Interchange stock price
being at that level?

     A. Labozzetta:  No, i's not as of today. It was at an earlier point in time
when we entered into negotiations for that exchange ratio.

     T. Reiner: OK, which looks approximately like October 21st.

     A. Labozzetta: Tha's correct.

     T. Reiner: OK. OK, so 20% from there, I got you. So, how come we're finally
announcing this today? And, if you could answer that, just--.


     A.  Labozzetta:  Well, we had to go through the due  diligence  process and
then we had to enter  into  aggressing  on a  definitive  agreement,  which was,
[crosstalk] process.

     T. Reiner: OK. And so, is due diligence now completed?

     A. Labozzetta: Due diligence is complete. The definitive agreement has been
signed and now w're proceeding to the stages of doing the filings.

     T. Reiner:  OK. And as far as the decline from the walk away,  is there any
sort of top up, or any sort of, you know--

     A. Abbate: A backfill provision?

     T. Reiner: Yeah.

     A. Abbate:  Yes,  there is, on both sides.  We can fill back to the trigger
points.

     T. Reiner:  Back to the trigger  points.  OK, I appreciate it and thank you
very much.

     Operator:  Thank you. Our next question comes from Gerard Cassidy, from RBC
Capital Markets. Please state your question.

     Gerard  Cassidy:  Hi guys.  I have a question for you on slide 19. The cost
savings of $1.8 million, is that pre-tax or after tax?

     A. Labozzetta: That's pre-tax.

     G.  Cassidy:  Pre-tax,  OK. And then the second  question,  has Bridge View
given you any  guidance on where they see their net  interest  margin  going?  I
think this deal will probably close around March or April,  so by the end of the
first  quarter of next year,  where do they expect their net interest  margin to
be, about?

     A. Labozzetta:  Well, I guess, with all due respect, it's more where we see
their  net  interest  margin  going  and when we  model.  And,  we saw their net
interest margin going downward and I think we probably put a quarter pressure on
it in coming up with the numbers for the year 2004.

     G. Cassidy: OK, so about to about 4.75 then?

     A. Abbate:  It was from the year-end  number.  I think at the year-end they
had 5.21, I think we had it just a little shy of five.

     G. Cassidy: OK, great. Thank you.

     Operator: Just a reminder,  ladies and gentlemen, if you do have a question
you may press star-one on your pushbutton telephones at this time.

     Thank you. Our next  question  comes from Steve  Rayner,  from ING.  Please
state your question.

     Steve Rayner:  Good  afternoon.  Bridge  View's credit  quality looks to be
pretty pristine in terms of the  non-performers  being zero. Can you comment on,
basically,  what's the general  composition  of their loan  portfolio?  What are
their real  specialties,  and also, on the extent of due diligence that you were
able to deal on it?

     A. Labozzetta:  OK, yes. I can do that, thank you. Most of it is commercial
real estate,  with some commercial and industrial loans. That's very much in the
way of consumer  credit.  Any  consumer  credits  that they have are home equity
lines of credit.  We did a pretty  thorough  analysis of their  portfolio,  went
through their files and overlaid our methodology  that we employ for calculating
the  adequacy of the reserve for loan  losses.  We found that it was pretty much
similar, with a very minor adjustment along the way. It's a basically very clean
plain vanilla type of operation.

     S. Rayner:  You know, in the charge that you're going to take, is there any
contemplation of a credit portion of that charge,  to build a reserve,  anything
like that?

     A. Labozzetta:  No. That's really not in accordance with anything we can do
under generally accepted accounting  principles.  But nevertheless,  there is no
component  in the  one-time  merger  charge to boost up the  allowance  for loan
losses. We didn't find it necessary.

     S. Rayner:  Can you give a little bit more color on their--just sort of the
nature of their commercial real estate portfolio?  I assume it's all probably in
Bergen  County,  but you know,  what types  of--is  there any sort of  specialty
there?

     A. Abbate: No, they're owner occupied, with personal guarantees. Basically,
you're looking at 20 years and in some cases 25-year  repayment terms. And, as I
said, there's nothing too exotic there, thank goodness.


     S. Rayner: And how much of a look at that portfolio were you able to take?

     A. Labozzetta: We did almost 60% of the commercial portfolio on a top down,
meaning on a risk, what we saw was a risk, the small pieces.  We also looked at,
I don't know if it was 20 or 25% of the consumer.

     S. Rayner:  OK, right.  And then just lastly,  who were the advisors on the
transaction, on both sides?

     A. Abbate:  Keefe,  Bruyette [sp] and Woods for Bridge View, and McConnell,
Budd and Romano for Interchange.

     S. Rayner: Great, thank you.

     Operator:  Thank you.  Our next  question  comes from Richard  Bader,  from
Advest. Please state your question.

     Richard Bader:  Gentlemen,  how do you propose  funding the cash portion of
the transaction? Thank you.

     A. Labozzetta:  Well, as you know, with where the markets are out there and
cash flow coming in, we just happen to be sitting flush with cash from excessive
deposit growth.  Clearly,  we can use our own cash to fund the  transaction.  We
haven't  considered  a trust  preferred  in this  analysis,  so to  answer  your
question more succinctly, it's from cash.

     Next question?

     Operator:  Thank you. Next question  comes from John Reosti,  from American
Banker. Please state your question.

     John Reosti: I have two questions.  You mentioned in the press release that
Mr. Buzzetti is anticipated taking an executive position.  Can you describe that
a little bit? Have you determined that, or discussed the specifics of that? And,
can you also say exactly when you will record the $1.9 million  charge?  Will it
be in the first quarter of next year, or the second?

     A. Abbate:  Well, in terms of Al Buzzetti,  no we haven't  really fixed his
specific responsibility. That is still in the discussion stages but we expect to
identify his position, as we get closer to finalizing the deal.

     A.  Labozzetta:  And  with  respect  to the  one-time  merger  charge  that
coincides  with the closing date, so it can either happen in the first  quarter,
if the closing takes place in the first quarter.  If it doesn't take place until
April of 2003, you'll see that charge in the second quarter.

     J. Reosti: OK, thank you very much.

     Operator: Thank you. Our next question comes again from Peyton Green.

     P.  Green:  I have just one  follow up  question  on the CDI.  What was the
amount of the CDI? And are you doing it on a straight-line or accelerated basis?

     A. Abbate: Peyton, how are you again? The CDI is approximately $11 million.
We have to--at this point,  w're  planning on using a  straight-line  unless we
determine that an accelerated basis makes sense.

     P. Green: Great, thank you.

     Operator: Our next question comes again from Jed Gore.

     J. Gore:  Yeah,  hi. My question was just on what earnings run rate are you
using to get your $3.4 million net income estimates for Bridge View next year? I
get the sense, I mean, they earned $787 in the third quarter,  net, and it looks
like yo're looking for about 8% growth. Does that make sense?

     A. Labozzetta: Are you talking about 2003?

     J. Gore: Yes I am, I'm sorry.

     A. Labozzetta:  In 2003 we're expecting about $5 million. The $3 million is
only for the eight-month period.

     J. Gore: Got you, so that implies what, a 12, 15% growth rate?

     A.  Labozzetta:  No,  the  growth  rate from 2002 will be closer to 30. But
again,  I wanted to point out that the growth rate in 2002 was negative from the
prior year because of the fact that they put on four branches. One of the things
that we had to do when we looked at  projecting  their  numbers is to temper the
fact that they put on four  branches,  which were  brand new.  They did not come
with  deposits,  so they're in the  process of ramping up those  branches.  That
overhead is already  imbedded in their numbers.  And, going forward,  we're only
going to see the leveraging up of those branches, which means deposits will come
in. They're showing a nice pipeline in their loan production.

     So  clearly  we expect  them to get back to their  historical  type  growth
rates. So, they're coming from a much lower point.

     J. Gore: Right. When were the branches opened?

     A.Labozzetta:  I believe they were opened throughout the end of 2001, early
2002. I'm sorry;  2002, second quarter,  and I think they opened on in the first
quarter.

     J. Gore: OK, we should start seeing those cross into profitability sometime
in the middle or the end of next year?

     A. Labozzetta:  OK, well they had the cost to carry the transactions  prior
to opening the  locations,  because they had to renovate and set up  operations.
So, they were carrying this--I believe the end of 2001 and it really took a bite
out of them in 2002.

     J. Gore: All right, great. Thank you very much.

     Operator: Our next question comes again from Tony Reiner.

     T. Reiner:  Oh hi, one quick one. As far as the dividends for each company,
how will it work,  you know,  as far as sort of  coordination  or  payments,  or
anything?

     A.  Labozzetta:  The agreement calls for coordinating the dividends so that
there  is no  double-dip  from  the  Bridge  View  shareholder,  if that is your
question.

     T. Reiner:  Yeah,  pretty much, so, you know,  they'll go on as regular and
bring whatever,  you know, quarter, if they happen to overlap, then the'll make
you whole and figure out as far as whatever  the  approximate  exchange  rate is
from?

     A. Labozzetta: Right, instead of making whole, I think we probably will put
some  provision  that  we'll time the  issuance  of the  dividends  so they more
coincide. So, that way we don't have to get into making whole.

     T. Reiner: All right, OK, but you know, no double dip and then it will take
care. OK, I got you, I appreciate it. Thanks so much.

     Operator:  If there are no further  questions,  I will turn the  conference
back to Mr. Abbate to conclude.

     A.  Abbate:  Gentlemen,  thank  you  very  much  for  participating  in the
conference.  W're very excited about this transaction.  We think it's right for
us and it certainly  will enhance our footprint in Bergen County and put us in a
dominant  position  in the  marketplace  within the county and in  northern  New
Jersey. Thank you once again.

     Operator:  Ladies  and  gentlemen,  a  rebroadcast  of  this  call  will be
available  approximately  one hour from how. To access this  rebroadcast you may
dial 1 800 428  6051,  or 973 709 2089,  with a pass  code ID number of  269236.
Thank  you all for  participating  and  have a nice  day.  All  parties  may now
disconnect.


                             (conference concluded)