SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                                    FORM 8-K


                Current Report Pursuant to Section 13 or 15(d) of

                           The Securities Act of 1934

                        Date of Report: December 3, 1998


                   INTERCHANGE FINANCIAL SERVICES CORPORATION
             (Exact name of registrant as specified in its charter)



     New Jersey                         1-10508                  22-2553159
(State or other jurisdiction of   (Commission File Number)   (I.R.S. Employer
incorporation or organization)                               Identification No.)


                Park 80 West/Plaza Two, Saddle Brook, N.J. 07663
              (Address of principal executive offices) (Zip Code)


                                 (201) 703-2265
              (Registrant's telephone number, including area code)



5. Other Events

Year 2000 Information and Readiness Disclosure Act of 1998

     Information  provided on the  Company's  year 2000 issues  contained in the
Company's Annual Report on Form 10-K for the fiscal year ended December 31, 1997
pursuant  to section  13 or 15(d) of the  Securities  Exchange  Act of 1934 (the
"Act") are "Year Readiness  Disclosures" as defined by the Year 2000 Information
and Readiness Disclosure Act of 1998 (Public Law 105-271, 112 Stat. 2386, a U.S.
statute)  enacted on October 19, 1998, to the extent  applicable  under the Act.
Copies of such  disclosures  are  attached  hereto and can be obtained  from the
Company upon request.

Form 10-K for the fiscal year ended December 31, 1997

Year 2000 Readiness Disclosure

     Many existing  computer  programs use only two digits to identify a year in
the date field. As a result, the computer applications affected by such programs
could fail or produce  incorrect  results  by or at the Year 2000.  The  Company
acknowledges the need to ensure its operations will not be adversely affected by
Year 2000  computer  software  failures.  Software  failures  due to  processing
errors,  potentially  arising from calculations  using the Year 2000 date, are a
known risk.

     The  Company  has  implemented  a five step plan that  involves  awareness,
assessment, validation, renovation and implementation. It is currently assessing
the extent to which its systems may be affected  and is  communicating  with all
necessary  vendors  concerning  timely and completed  remedies for those systems
that  require  modification.  The Company is also  communicating  with all third
parties,  on which it relies,  to assess  their  progress  in  evaluating  their
systems and implementing any corrective  measures.  The Company has been taking,
and will  continue  to pursue,  all  reasonably  necessary  steps to protect its
operations and assets.  It is currently  anticipated  that by December 31, 1998,
the Company will be Year 2000  compliant.  At this time, the Company has not yet
determined  the cost,  which will be expensed as  incurred,  of  evaluating  its
computer  software  or  databases,  or of making any  modifications  required to
correct any "Year 2000" problems.




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.


INTERCHANGE FINANCIAL SERVICES CORPORATION



By: /s/ Anthony Labozzetta
    Anthony Labozzetta
    Executive Vice President and CFO

Date:    December 3, 1998