Exhibit 5
June 30, 2000
SVB Financial Services, Inc.
58-72 East Main Street
Somerville, New Jersey 08876
Re: SVB Financial Services, Inc.
2000 Directors Stock Option Plan
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Ladies and Gentlemen:
We refer you to the proposed Registration Statement on Form S-8 (the
"Registration Statement") under the Securities Act of 1993, of Interchange
Financial Services Corporation (the "Company") pertaining to the offer and sale
by the Company of 60,000 shares of the Company's Common Stock, no par value (the
"Common Shares") pursuant to options granted from time to time under the
Company's 2000 Directors Stock Option Plan (the "Plan").
We have acted as counsel to the Company in connection with the
Registration Statement. In such capacity, we have examined the Registration
Statement, copies of the Company's Certificate of Incorporation and amendments
thereto, the Plan, certificates of officers of the Company and of public
officials and such other corporate records and documents as we have deemed
necessary in order to express the opinion set forth below.
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SVB Financial Services, Inc.
June 30, 2000
Page 2
Based upon the foregoing examination, it is our opinion that upon the
issuance of certificates evidencing the Common Shares and delivery thereof in
exchange for payment of the option prices set forth in option agreements
properly granted under the Plan from time to time, and upon satisfaction of all
other conditions, if any, set forth in such option agreements, then the Common
Shares shall be validly issued, fully paid and nonassessable.
We hereby consent to the use of this opinion as an exhibit to the
Registration Statement and the reference to our firm in the prospectus included
in such Registration Statement under the heading "Legal Matters."
Very truly yours,
NORRIS, McLAUGHLIN & MARCUS, P.A.
/s/ Peter D. Hutcheon
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PETER D. HUTCHEON
