-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BtyhxpEZP+ppFXLQs06LPkdhoAhsQjvr+W+bc3BaXkpDJCon3p53uUksDGZihlBg 3sAjCjDwRx+eG9+i9YpUjg== 0001133796-05-000213.txt : 20051110 0001133796-05-000213.hdr.sgml : 20051110 20051110103206 ACCESSION NUMBER: 0001133796-05-000213 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20051110 DATE AS OF CHANGE: 20051110 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SEIDMAN LAWRENCE B CENTRAL INDEX KEY: 0001026081 STATE OF INCORPORATION: NJ FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 2015601400 MAIL ADDRESS: STREET 1: LANIDEX CENTER STREET 2: 100 MISTY LANE P O BOX 5430 CITY: PARSIPPANY STATE: NJ ZIP: 07054 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: YARDVILLE NATIONAL BANCORP CENTRAL INDEX KEY: 0000787849 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 222670267 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58073 FILM NUMBER: 051192263 BUSINESS ADDRESS: STREET 1: 2465 KUSER RD CITY: HAMILTON STATE: NJ ZIP: 08690 BUSINESS PHONE: 6096316218 MAIL ADDRESS: STREET 1: 2465 KUSER RD CITY: HAMILTON STATE: NJ ZIP: 08690 SC 13D/A 1 yn51116.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities and Exchange Act of 1934 (Amendment No.6)* Yardville National Bancorp --------------------------------------------------------- Common Stock, no par value --------------------------------------------------------- 985021104 --------------------------------------------------------- (CUSIP Number) Lawrence B. Seidman, 100 Misty Lane, Parsippany, NJ 07054 (973) 560-1400, Ext.108 --------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 9, 2005 --------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). This statement on Schedule 13 D which was filed on July 29, 2004, Amendment No.1 was filed on February 15, 2005, Amendment No.2 was filed on May 4, 2005, Amendment No.3 was filed on May 11, 2005, Amendment No.4 was filed on June 17, 2005, and Amendment No. 5 was filed on August 16, 2005 on behalf of Seidman and Associates, L.L.C ("SAL"), Seidman Investment Partnership, L.P. ("SIP"), Seidman Investment Partnership II, L.P. ("SIPII"), Kerrimatt, L.P. ("Kerrimatt"), Broad Park Investors, L.L.C ("Broad Park"), Federal Holdings, L.L.C. ("Federal"), Pollack Investment Partnership, L.P. ("PIP"), Lawrence Seidman ("Seidman"), and Dennis Pollack ("Pollack") collectively, the ("Reporting Persons") with respect to the Reporting Persons' beneficial ownership of shares of Common stock ("the Shares") of Yardville National Bankcorp., a New Jersey corporation, is hereby amended as set forth below: Such statement on Schedule 13D is hereinafter referred to as the "Schedule 13D". Terms used herein which are defined in the Schedule 13D shall have their respective meanings set forth in the Schedule 13D. 4. Purpose of Transaction Attached hereto as Exhibit A and included herein in its entirety is a copy of a letter, dated November 9, 2005 from Lawrence B. Seidman, to Patrick M. Ryan, President and Chief Executive Officer, Yardville National Bancorp. 5. Interest in Securities of the Issuer (a) (b) (c) As of the close of business on November 9, 2005, the Reporting Persons owned beneficially an aggregate of 835,624 shares of Common Stock, which constituted approximately 7.73% of the 10,807,401 shares of Common Stock outstanding as of November 7, 2005 as reflected in Yardville National Bancorp's Earning Release dated October 20, 2005 and including the shares issued pursuant to the Form 8-K dated November 3, 2005. Schedule A attached below describes transactions except for previously reported transactions in the Common Stock affected by the Reporting Persons within the past sixty (60) days. Except as set forth in this Item 5, none of the Reporting Persons owns beneficially or has a right to acquire beneficial ownership of any Common Stock, and except as set forth in this Item 5, none of the Reporting Persons has effected transactions in the Common Stock during the past sixty (60) days, except for previously reported transactions. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. November 9, 2005 /s/ Lawrence B. Seidman ---------------- ------------------------------- Date Lawrence B. Seidman Power of Attorney pursuant to Joint Agreement dated July 26, 2004 LAWRENCE B. SEIDMAN 100 Misty Lane P. O. Box 5430 Parsippany, NJ 07054 (973) 560-1400, X108 November 9, 2005 Via Federal Express Patrick M. Ryan, President/CEO Yardville National Bancorp 2465 Kuser Road Hamilton, NJ 08690 Dear Mr. Ryan: I write to you in regard to the consulting agreement dated February 18, 2005, which we jointly executed. I was unaware of and frankly surprised by the issues raised by the written agreement entered into by Yardville National Bank and the OCC. I have repeatedly offered to supply Yardville National Bank with advice and consultation about the many important issues that confront it. My offers of advice have been repeatedly ignored. Rather than embrace my expertise, which the Bank is paying for as a result of the referenced consulting agreement, the entire Board has decided to neither share information nor meet with me. Without such meetings, information, or dialogue, I have no ability to provide the entire Board with the advice that it needs. During the past several months, on no less than four separate occasions, I asked to meet with the entire Board of Directors in order to present my views. I was assured that the meeting would be arranged so that I would have an opportunity to provide the entire Board with input on various matters confronting it. However, the meetings were always canceled with excuses. Now, you have informed me that I will not be allowed to meet with the entire Board of Directors which apparently has no interest in receiving input from me. As a result, it is clear that Yardville National Bank has no need for my services and cannot justify continuing to pay me a fee. Therefore, I am returning the November consulting check to you. I suggest that we mutually agree to terminate the Agreement effective immediately. It makes no sense for Yardville National Bank to pay me for services you will not permit me to provide. Please countersign a copy of this letter to acknowledge that the Agreement is terminated. Very truly yours, AGREED & ACCEPTED /s/ Lawrence B. Seidman ----------------------- Lawrence B. Seidman - ----------------- EXHIBIT A SCHEDULE A DATE COST ENTITY PURCH PER SHARE COST SHARES - --------------------- ---------- ------------ -------------- --------- S&A 8/15/2005 35.2225 136,522.41 3,876 S&A 8/26/2005 34.8000 45,309.60 1,302 S&A 9/23/2005 34.8154 45,260.00 1,300 Total 227,092.01 6,478 SIP 8/15/2005 35.2225 86,224.68 2,448 SIP 8/26/2005 34.8000 30,206.40 868 SIP 9/22/2005 34.8000 41,760.00 1,200 Total 158,191.08 4,516 SIP II 8/15/2005 35.2225 46,705.04 1,326 SIP II 8/26/2005 34.8000 16,182.00 465 Total 62,887.04 1,791 Pollack Invest Prtshp 8/15/2005 35.2225 39,519.65 1,122 Total 39,519.65 1,122 Federal Holdings 8/15/2005 35.2225 32,334.26 918 Federal Holdings 8/26/2005 34.8000 10,788.00 310 Total 43,122.26 1,228 Broad Park Investors 8/15/2005 35.2225 17,963.48 510 Broad Park Investors 8/26/2005 34.8000 5,394.00 155 Broad Park Investors 10/5/2005 33.8800 1,000,747.00* 29,538* Total 23,357.48 665 Pollack Dennis IRA 10/10/2005 33.7347 36,264.75 1,075 Total 36,264.75 1,075 Pollack Diane IRA 10/10/2005 33.7800 1,689.00 50 Total 1,689.00 50 Seidman Clients 10/17/2005 34.5392 17,269.60 500 Seidman Clients 10/17/2005 34.4733 34,473.25 1,000 Seidman Clients 10/17/2005 34.4733 34,473.25 1,000 Total 86,216.10 2,500 Grand Total 678,339.37 19,425 * These shares were not purchased in the market but were purchased from a related entity and are excluded from the totals. -----END PRIVACY-ENHANCED MESSAGE-----