Oritani Bank, the wholly owned subsidiary of Oritani Financial Corp. announced that Michael A. DeBernardi has determined to step down as Executive Vice President, Chief Operating Officer and director of Oritani Bank and Oritani Financial, effective September 16, 2016. Mr. DeBernardi will remain to assist and facilitate during a transition period prior to his retirement on January 20, 2017. After that time he will serve as a part time employee for Oritani Bank through June 30, 2018.