Oritani Financial Corp. is the holding company for Oritani Bank. Oritani Bank is a New Jersey-chartered savings bank. Its principal business consists of attracting retail and commercial bank deposits from the general public in the areas surrounding its main office in the Township of Washington, New Jersey, its lending offices in New York and its branch offices located in the New Jersey Counties of Bergen, Hudson, Essex and Passaic. It invests these deposits, together with funds generated from operations, in multifamily and commercial real estate loans, one to four family residential mortgage loans as well as in second mortgage and equity loans, construction loans, business loans, other consumer loans, and investment securities. It originates loans primarily for investment and holds such loans in its portfolio. The Company will also enter into loan participations.