Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On June 16, 2008, the Registrant entered into an employment agreement with President and Chief Executive Officer John N. Hopkins on substantially the same terms as the existing employment agreement between the Registrant's principal subsidiary, Kearny Federal Savings Bank (the "Bank"), and Mr. Hopkins, except that the amount of salary payable to Mr. Hopkins under the agreement with the Registrant is reduced dollar-for-dollar for salary payments made by the Bank. For additional information, reference is made to the employment agreement, which is filed as an exhibit hereto.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits. The following exhibits are furnished with this report.

Exhibit 10.1 Employment Agreement, dated June 16, 2008, between Kearny Financial Corp. and John N. Hopkins

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