INTERCHANGE FINANCIAL SERVICES CORP /NJ/
8-K, 1997-01-27
NATIONAL COMMERCIAL BANKS
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                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 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 22, 1997


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

         NEW JERSEY                      1-10508                22-2553159
(name or other jurisdiction           (Commission             (IRS employer
   of incorporation)                  file number)           identification no.)

PARK 80 WEST/PLAZA II, SADDLE BROOK, NEW JERSEY                    07663
- -------------------------------------------------------------------------------
(address of principal executive offices)                        (zip code)

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

          (former name or former address, if changed since last report.)

                                      None


<PAGE>



Item 5.  Other Events

         On January 22, 1997, the registrant  issued the following press release
announcing  a certain  change in the  executive  officers of the Company and the
Bank. The change became effective on January 1, 1997.

NEWS RELEASE

FOR RELEASE:  IMMEDIATE                     CONTACT:  MELANIE MCMAHON
                                                      (201) 366-2400

             LABOZZETTA PROMOTED TO SENIOR VICE PRESIDENT, TREASURER

                  AT INTERCHANGE FINANCIAL SERVICES CORPORATION

     Anthony  Labozzetta has been promoted to Senior Vice President,  Treasurer,
of Interchange  Financial Services  Corporation and its subsidiary,  Interchange
State  Bank,  according  to Anthony S.  Abbate,  President  and Chief  Executive
Officer of the Saddle Brook-based institution.

     Labozzetta has succeeded Robert Harris,  who retired effective December 31,
1996.  Harris held the position of Executive Vice President and Chief  Financial
officer upon his retirement. Abbate noted that Harris had "been an integral part
of  putting  the  building  blocks  together  to make  Interchange  State Bank a
success."

     Labozzetta has been an employee of Interchange State Bank since 1995.

     "Mr.  Labozzetta  has made an  important  impact  during his two years with
Interchange  and we expect  he will  continue  to  contribute  to  Interchange's
growth," said Abbate. "His years of experience include many areas of banking and
accounting, offering us a truly expert perspective on the very complicated world
of bank finance."

     Labozzetta  graduated from Wagner College,  in Staten Island,  N.Y., with a
B.S. in  accounting.  In his new role as  Treasurer,  he will be the  regulatory
liaison and handle all aspects of strategic  investment.  He will also interpret
financial results and prepare tax filings, among other duties.

     Labozzetta and his wife reside in Englewood.

     Interchange  State Bank is a full-service  commercial  bank based in Saddle
Brook, N.J., with branches in Elmwood Park, Franklin Lakes, Garfield, Hillsdale,
Little Ferry,  Lodi,  Oakland,  Park Ridge,  Rochelle  Park,  Saddle Brook,  and
Washington Township.

    

     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 S. ABBATE
                               ----------------------------------------------
                       Anthony S. Abbate. Chief Executive Officer and President

Date:  January 22, 1997


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