ITEM 8.01 OTHER EVENTS

On November 5, 2008, Clifton Savings Bancorp, Inc. (the "Company") issued a press release announcing that the Company has decided not to apply for participation in the U.S. Treasury Department's recently announced Troubled Assets Relief Program ("TARP") Capital Purchase Program (the "TARP Program") as authorized by the recently enacted Emergency Economic Stabilization Act of 2008. The Company's decision not to apply for participation in the TARP Program is a result of the fact that the Company is well-capitalized and has not suffered losses due to non-performing loans and investments in loan-related securities, including mortgage-based securities tied to sub-prime mortgage loans.

The press release announcing the Company's decision not to apply for participation in the TARP Program is attached to this Report as Exhibit 99.1 and is furnished herewith.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits Number Description ------ ----------- 99.1 Press Release dated November 5, 2008