LINCOLN PARK, N.J., July 25 /EMWNews/ -- Lincoln Park

Bancorp (OTC Bulletin Board: LPBC) (the "Company"), the holding company of

Lincoln Park Savings Bank, announced net income of $83,000, or $.05 per

share, for the second quarter ended June 30, 2008, as compared to net

income of $16,000, or $.01 per share, for the second quarter of 2007. The

increase in net income of $67,000 or 418.8% was primarily due to an

increase in net interest income which was partially offset by increases in

non-interest expenses and income taxes.



    Net interest income increased by $180,000 or 32.5% during the June 30,

2008 quarter to $733,000 as compared to $553,000 for the three months ended

June 30, 2007. The increase in net interest income was primarily due to

increases in interest income of $197,000 that exceeded increases in

interest expense of $17,000.



    During the quarter ended June 30, 2008, provision for loan losses was

$15,000 as compared to $44,000 during the quarter ended June 30, 2007.

Non-interest expenses increased by $88,000 to $614,000 for the three months

ended June 30, 2008, as compared to $526,000 for the three months ended

June 30, 2007, primarily due to additional expenses associated with the

Montville branch, which opened in July 2007.



    Income taxes increased by $49,000 to $56,000 for the three months ended

June 30, 2008, as compared to $7,000 for the three months ended June 30,

2007.



    At June 30, 2008, the Company had total assets of $123.9 million and

stockholders' equity of $13.2 million. In addition, the Company had net

loans of $75.3 million, total deposits of $70.0 million and total

borrowings of $39.7 million as of June 30, 2008.



    Lincoln Park Savings Bank is a New Jersey state-chartered savings bank

that conducts its business from its main office in Lincoln Park, New

Jersey. The Company's common stock is traded on the OTC Bulletin Board

under the symbol "LPBC."



    The foregoing material may contain forward-looking statements

concerning the financial condition, results of operations and business of

the Company. We caution that such statements are subject to a number of

uncertainties and actual results could differ materially, and, therefore,

readers should not place undue reliance on any forward-looking statements.

The Company does not undertake, and specifically disclaims, any obligation

to publicly release the results of any revisions that may be made to any

forward-looking statements to reflect the occurrence of anticipated or

unanticipated events or circumstances after the date of such statements.



    Contact: David G. Baker






              President and Chief Executive Officer

              (973)-694-0330