For Release: IMMEDIATELY

Contact:	Stephen F. Carman, VP/Treasurer	(609) 631-6222 or carmans@ynb.com
	Patrick M. Ryan, President and CEO	(609) 631-6177
	Leonardo G. Zangani	(908) 788-9660 or office@zangani.com
	YNB’s website	www.ynb.com

YARDVILLE NATIONAL BANCORP CITES DEPOSIT GROWTH AND RETAIL EXPANSION IN THIRD QUARTER EARNINGS

Hamilton, N.J.- October 20, 2005- Successful execution of its retail banking strategy helped Yardville National Bancorp (NASDAQ: YANB) surpass $3 billion in total assets this quarter, as the company announced solid growth in both net income and earnings per share for the first nine months of 2005. YNB’s net income increased to $16.6 million for the first nine months of 2005, up 20.4 percent from the $13.8 million earned for the same period of 2004. Earnings per share for the first nine months were also up, increasing 18.9 percent to $1.51 per diluted share from $1.27 per diluted share for the first nine months of 2004.

A combination of factors affected YNB’s results for the third quarter. While net interest income rose 12.8 percent, this improvement was partially offset by decreases in net securities gains and by an increase in non-interest expenses. These expenses primarily supported YNB’s retail growth and regulatory compliance efforts. Net income for the third quarter of 2005 was $5.35 million, compared to $5.45 million for the third quarter of 2004, a slight decrease of 1.8 percent or $97,000. Earnings per share on a diluted basis for the third quarter of 2005 were $0.48 compared to $0.50 for the third quarter of last year.

“The combination of a flattening yield curve and increased competition for commercial loans and retail deposits caused a compression of our net interest margin in the third quarter,” explained YNB President and CEO Patrick M. Ryan. “As a result, our tax equivalent net interest margin for the quarter was down six basis points from the second quarter of 2005. Year to year, however, our net interest margin increased 25 basis points to 3.03 percent,” Mr. Ryan said.

Retail banking continued to fuel YNB’s growth. In keeping with the bank’s retail banking focus, YNB saw total deposits increase 13.4 percent to $2.01 billion at September 30, 2005, compared to $1.78 billion at September 30, 2004. Much of the deposit growth can be attributed to YNB’s successes with several products, including the “Simply Better Savings” account and an enhanced menu of business checking services. In addition, YNB has opened two new branches this year to bring its total to 25, with two more planned to open before year end.

“Expansion of YNB’s footprint to support our core Mercer County presence and to further penetrate the attractive markets in contiguous counties is proving to be a successful strategy,” noted F. Kevin Tylus, YNB Senior Executive Vice President and Chief Operating Officer. “We have just opened a branch on Olden Avenue in Ewing, Mercer County, and our 26^th branch at Quakerbridge West in Mercer is scheduled to open in November,” he added. “We recently received regulatory approval for our next new branch, in Morrisville, Bucks County, Pennsylvania, and we are anticipating approval for our first Ocean County, New Jersey branch shortly,” he said. “Our strategic objective is to increase our branch presence in Middlesex County, New Jersey next year, and we are looking into other opportunities for ongoing branch growth in 2006 and beyond,” Mr. Tylus concluded.

YNB’s growth is not limited to the retail sector, as commercial loans continued to grow in the third quarter despite a highly competitive market. At September 30, 2005, total loans outstanding, led by commercial loans, increased 15.9 percent, reaching $1.97 billion compared with $1.70 billion at the same date in 2004. Total non-performing loans increased to $14.0 million, or 0.47 percent of total assets at September 30, 2005, compared to $9.4 million or 0.34 percent of total assets at September 30, 2004, primarily due to the movement of three commercial loan relationships to nonperforming status in the quarter. YNB’s allowance for loan losses to total loans was 1.15 percent of total loans and covered 162.00 percent of total nonperforming loans at September 30, 2005. Net loan chargeoffs dropped to $3.1 million for the first nine months of 2005 compared to $4.5 million for the same period last year, and YNB believes overall credit quality remains sound.

YNB’s Executive Vice President and Chief Financial Officer Stephen F. Carman provided further explanation of YNB’s third quarter results as well as guidance for the remainder of the year. “Net interest margin compression, increased nonperforming asset levels, and higher-than-projected non-interest expenses associated with our regulatory compliance efforts resulted in lower than expected third quarter results,” Mr. Carman said. “Based on the third quarter, we expect our net interest margin to range between 3.00 and 3.05 percent in the fourth quarter and loan growth for 2005 to be in the area of 9-12 percent. We believe that we can achieve solid earnings growth of 17-20 percent for 2005, although this is below our earlier earnings guidance of 25 percent,” he concluded.

At September 30, 2005, YNB’s total risk-based capital was 11.2 percent, Tier 1 capital to risk-weighted assets was 10.1 percent, and Tier 1 capital to average assets was 7.9 percent. In the first three quarters of 2005, YNB paid total cash dividends of $0.345 per share. The third quarter of 2005 marks the 47^th consecutive period in which YNB has paid shareholders a cash dividend.

YNB had $3.01 billion in assets as of September 30, 2005, with 25 branches serving individuals and businesses in Mercer, Hunterdon, Burlington, Middlesex and Somerset counties in New Jersey and Bucks County in Pennsylvania. Located in the corridor between New York City and Philadelphia, YNB offers a broad range of lending, deposit and other financial products and services to business and individual banking customers throughout the region.

Note regarding forward-looking statements

This press release and other statements made from time to time by our management contain express and implied statements relating to our future financial condition, results of operations, plans, objectives, performance, and business, which are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These may include statements that relate to, among other things, profitability, liquidity, loan loss reserve adequacy, plans for growth, interest rate sensitivity, market risk, regulatory compliance, and financial and other goals. Actual results may differ materially from those expected or implied as a result of certain risks and uncertainties, including, but not limited to, the results of our efforts to implement our retail strategy, adverse changes in our loan portfolio and the resulting credit risk-related losses and expenses, interest rate fluctuations and other economic conditions, our ability to attract core deposits, continued relationships with major customers, competition in product offerings and product pricing, adverse changes in the economy that could increase credit-related losses and expenses, compliance with laws and regulatory requirements of federal and state agencies, other risks and uncertainties detailed from time to time in our filings with the SEC, as well as other risks and uncertainties detailed from time to time in statements made by our management.

Yardville National Bancorp
Summary of Financial Information
(Unaudited)

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
(in thousands, except per share amounts)		2005			2004			2005			2004
Stock Information:
Weighted average shares outstanding:
Basic		10,602			10,464			10,558			10,445
Diluted		11,050			10,842			11,011			10,847
Shares outstanding end of period		10,572			10,492
Earnings per share:
Basic	$	0.50		$	0.52		$	1.57		$	1.32
Diluted		0.48			0.50			1.51			1.27
Dividends paid per share		0.115			0.115			0.345			0.345
Book value per share		15.97			14.84
Tangible book value per share		15.81			14.66
Closing price per share		35.25			29.10
Closing price to tangible book value		222.96	%		198.50	%

Key Ratios:
Return on average assets		0.73	%		0.80	%		0.77	%		0.70	%
Return on average stockholders' equity		12.61			14.57			13.41			12.52
Net interest margin		2.94			2.82			2.96			2.72
Net interest margin (tax equivalent) (1)		3.01			2.89			3.03			2.78
Efficiency ratio		56.40			51.03			55.13			54.66
Equity-to-assets at period end								5.62			5.64
Tier 1 leverage ratio (2)								7.91			7.59

Asset Quality Data:
Net loan charge-offs	$	1,148		$	1,363		$	3,144		$	4,539

Nonperforming assets as a percentage of total assets		0.47	%		0.34	%

Allowance for loan losses at period end as a
percent of:
Total loans		1.15			1.15
Nonperforming loans		162.00			208.82

Nonperforming assets at period end:
Nonperforming loans	$	13,995		$	9,377
Other real estate		-			-
Total nonperforming assets	$	13,995		$	9,377

(1) The net interest margin is equal to net interest income divided by average interest earning assets. In order to present pre-tax income and resultant yields
on tax-exempt investments and loans on a basis comparable to those on taxable investments and loans, a tax equivalent adjustment is made to interest
income. The tax equivalent adjustment has been computed using a Federal income tax rate of 35% and has the effect of increasing interest income
by $503,000 and $453,000 for the three months and $1,461,000 and $1,251,000 for the nine month periods ended September 30, 2005 and 2004, respectively.
(2) Tier 1 leverage ratio is Tier 1 capital to adjusted quarterly average assets.

Yardville National Bancorp and Subsidiaries
Consolidated Statements of Income
(Unaudited)

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(in thousands, except per share amounts)		2005		2004		2005		2004
INTEREST INCOME:
Interest and fees on loans	$	32,785	$	25,754	$	92,704	$	73,002
Interest on deposits with banks		397		95		748		205
Interest on securities available for sale		9,315		9,262		27,485		26,058
Interest on investment securities:
Taxable		26		29		82		104
Exempt from Federal income tax		957		806		2,761		2,370
Interest on Federal funds sold		274		102		576		228
Total Interest Income		43,754		36,048		124,356		101,967
INTEREST EXPENSE:
Interest on savings account deposits		5,632		3,502		15,082		9,054
Interest on certificates of deposit of $100,000 or more		1,983		1,063		4,576		3,020
Interest on other time deposits		4,296		2,879		11,182		9,172
Interest on borrowed funds		9,737		9,081		28,557		26,834
Interest on subordinated debentures		1,217		1,004		3,480		2,654
Total Interest Expense		22,865		17,529		62,877		50,734
Net Interest Income		20,889		18,519		61,479		51,233
Less provision for loan losses		2,100		2,400		5,700		6,825
Net Interest Income After Provision for Loan Losses		18,789		16,119		55,779		44,408
NON-INTEREST INCOME:
Service charges on deposit accounts		762		750		2,110		2,400
Securities gains, net		274		618		750		1,204
Income on bank owned life insurance		451		480		1,255		1,457
Other non-interest income		555		448		1,571		1,325
Total Non-Interest Income		2,042		2,296		5,686		6,386
NON-INTEREST EXPENSE:
Salaries and employee benefits		7,439		6,169		21,302		17,644
Occupancy expense, net		1,175		1,072		3,550		3,239
Equipment expense		820		749		2,353		2,359
Other non-interest expense		3,499		2,632		9,826		8,250
Total Non-Interest Expense		12,933		10,622		37,031		31,492
Income before income tax expense		7,898		7,793		24,434		19,302
Income tax expense		2,546		2,344		7,833		5,513
Net Income	$	5,352	$	5,449	$	16,601	$	13,789
EARNINGS PER SHARE:
Basic	$	0.50	$	0.52	$	1.57	$	1.32
Diluted		0.48		0.50		1.51		1.27
Weighted average shares outstanding:
Basic		10,602		10,464		10,558		10,445
Diluted		11,050		10,842		11,011		10,847

Yardville National Bancorp and Subsidiaries
Consolidated Statements of Condition
(Unaudited)

		September 30,				December 31,
(in thousands)		2005		2004		2004
Assets:
Cash and due from banks	$	39,645	$	25,784	$	32,115
Federal funds sold		14,200		11,775		6,769
Cash and Cash Equivalents		53,845		37,559		38,884
Interest bearing deposits with banks		22,835		45,712		41,297
Securities available for sale		795,107		830,430		802,525
Investment securities		87,817		74,684		78,257
Loans		1,974,155		1,702,610		1,782,592
Less: Allowance for loan losses		(22,672)		(19,581)		(20,116)
Loans, net		1,951,483		1,683,029		1,762,476
Bank premises and equipment, net		11,193		10,574		10,431
Bank owned life insurance		45,756		44,221		44,501
Other assets		37,474		29,401		27,546
Total Assets	$	3,005,510	$	2,755,610	$	2,805,917
Liabilities and Stockholders' Equity:
Deposits
Non-interest bearing	$	240,148	$	202,975	$	202,196
Interest bearing		1,774,097		1,573,488		1,607,808
Total Deposits		2,014,245		1,776,463		1,810,004
Borrowed funds
Securities sold under agreements to repurchase		10,000		10,000		10,000
Federal Home Loan Bank advances		724,000		726,000		742,000
Subordinated debentures		62,892		62,892		62,892
Obligation for Employee Stock Ownership Plan (ESOP)		94		472		377
Other		1,271		978		753
Total Borrowed Funds		798,257		800,342		816,022
Other liabilities		24,204		23,403		19,733
Total Liabilities	$	2,836,706	$	2,600,208	$	2,645,759

Stockholders' equity:
Common stock: no par value		93,755		91,105		91,658
Surplus		2,205		2,205		2,205
Undivided profits		82,816		66,332		69,860
Treasury stock, at cost		(3,160)		(3,160)		(3,160)
Unallocated ESOP shares		(94)		(472)		(377)
Accumulated other comprehensive loss		(6,718)		(608)		(28)
Total Stockholders' Equity		168,804		155,402		160,158
Total Liabilities and Stockholders' Equity	$	3,005,510	$	2,755,610	$	2,805,917

Financial Summary
Average Balances, Yields and Costs
(Unaudited)

	Three Months Ended							Three Months Ended
	September 30, 2005							September 30, 2004
					Average						Average
		Average			Yield /			Average			Yield /
(in thousands)		Balance		Interest	Cost			Balance		Interest	Cost
INTEREST EARNING ASSETS:
Interest bearing deposits with banks	$	44,856	$	397	3.54	%	$	25,070	$	95	1.52	%
Federal funds sold		31,730		274	3.45			29,295		102	1.39
Securities		865,708		10,298	4.76			899,156		10,097	4.49
Loans (1)		1,897,451		32,785	6.91			1,672,321		25,754	6.16
Total interest earning assets	$	2,839,745	$	43,754	6.16	%	$	2,625,842	$	36,048	5.49	%
NON-INTEREST EARNING ASSETS:
Cash and due from banks	$	32,582					$	29,277
Allowance for loan losses		(21,992)						(19,193)
Premises and equipment, net		10,495						10,808
Other assets		77,729						72,734
Total non-interest earning assets		98,814						93,626
Total assets	$	2,938,559					$	2,719,468
INTEREST BEARING LIABILITIES:
Deposits:
Savings, money markets, and interest bearing demand	$	1,007,863	$	5,632	2.24	%	$	927,276	$	3,502	1.51	%
Certificates of deposit of $100,000 or more		229,898		1,983	3.45			164,437		1,063	2.59
Other time deposits		496,127		4,296	3.46			460,936		2,879	2.50
Total interest bearing deposits		1,733,888		11,911	2.75			1,552,649		7,444	1.92
Borrowed funds		740,330		9,737	5.26			740,418		9,081	4.91
Subordinated debentures		62,892		1,217	7.74			62,892		1,004	6.39
Total interest bearing liabilities	$	2,537,110	$	22,865	3.60	%	$	2,355,959	$	17,529	2.98	%
NON-INTEREST BEARING LIABILITIES:
Demand deposits	$	210,439					$	193,957
Other liabilities		21,304						20,002
Stockholders' equity		169,706						149,550
Total non-interest bearing liabilities and
stockholders' equity	$	401,449					$	363,509
Total liabilities and stockholders' equity	$	2,938,559					$	2,719,468
Interest rate spread (2)					2.56	%					2.51	%
Net interest income and margin (3)			$	20,889	2.94	%			$	18,519	2.82	%
Net interest income and margin
(tax equivalent basis)(4)			$	21,392	3.01	%			$	18,972	2.89	%
(1) Loan origination fees are considered an adjustment to interest income. For the purpose of calculating loan yields, average loan balances
include nonaccrual loans with no related interest income.
(2) The interest rate spread is the difference between the average yield on interest earning assets and the average rate paid on interest bearing liabilities.
(3) The net interest margin is equal to net interest income divided by average interest earning assets.
(4) In order to present pre-tax income and resultant yields on tax-exempt investments and loans on a basis comparable to those on taxable investments
and loans, a tax equivalent adjustment is made to interest income. The tax equivalent adjustment has been computed using a Federal income tax
rate of 35% and has the effect of increasing interest income by $503,000 and $453,000 for the three month periods ended September 30, 2005
and 2004 respectively.

Financial Summary
Average Balances, Yields and Costs
(Unaudited)

	Nine Months Ended							Nine Months Ended
	September 30, 2005							September 30, 2004
					Average						Average
		Average			Yield /			Average			Yield /
(in thousands)		Balance		Interest	Cost			Balance		Interest	Cost
INTEREST EARNING ASSETS:
Interest bearing deposits with banks	$	31,821	$	748	3.13	%	$	23,538	$	205	1.16	%
Federal funds sold		25,651		576	2.99			26,974		228	1.13
Securities		858,144		30,328	4.71			875,480		28,532	4.35
Loans (1)		1,852,123		92,704	6.67			1,589,647		73,002	6.12
Total interest earning assets	$	2,767,739	$	124,356	5.99	%	$	2,515,639	$	101,967	5.40	%
NON-INTEREST EARNING ASSETS:
Cash and due from banks	$	31,779					$	28,147
Allowance for loan losses		(21,280)						(18,446)
Premises and equipment, net		10,443						11,434
Other assets		76,663						73,038
Total non-interest earning assets		97,605						94,173
Total assets	$	2,865,344					$	2,609,812
INTEREST BEARING LIABILITIES:
Deposits:
Savings, money markets, and interest bearing demand	$	991,206	$	15,082	2.03	%	$	856,543	$	9,054	1.41	%
Certificates of deposit of $100,000 or more		193,123		4,576	3.16			157,881		3,020	2.55
Other time deposits		481,918		11,182	3.09			456,262		9,172	2.68
Total interest bearing deposits		1,666,247		30,840	2.47			1,470,686		21,246	1.93
Borrowed funds		743,801		28,557	5.12			738,439		26,834	4.85
Subordinated debentures		62,892		3,480	7.38			53,327		2,654	6.64
Total interest bearing liabilities	$	2,472,940	$	62,877	3.39	%	$	2,262,452	$	50,734	2.99	%
NON-INTEREST BEARING LIABILITIES:
Demand deposits	$	205,088					$	179,887
Other liabilities		22,251						20,595
Stockholders' equity		165,065						146,878
Total non-interest bearing liabilities and
stockholders' equity	$	392,404					$	347,360
Total liabilities and stockholders' equity	$	2,865,344					$	2,609,812
Interest rate spread (2)					2.60	%					2.41	%
Net interest income and margin (3)			$	61,479	2.96	%			$	51,233	2.72	%
Net interest income and margin
(tax equivalent basis)(4)			$	62,940	3.03	%			$	52,488	2.78	%
(1) Loan origination fees are considered an adjustment to interest income. For the purpose of calculating loan yields, average loan balances
include nonaccrual loans with no related interest income.
(2) The interest rate spread is the difference between the average yield on interest earning assets and the average rate paid on interest bearing liabilities.
(3) The net interest margin is equal to net interest income divided by average interest earning assets.
(4) In order to present pre-tax income and resultant yields on tax-exempt investments and loans on a basis comparable to those on taxable investments
and loans, a tax equivalent adjustment is made to interest income. The tax equivalent adjustment has been computed using a Federal income tax rate
of 35% and has the effect of increasing interest income by $1,461,000 and $1,255,000 for the nine month periods ended September 30, 2005
and 2004, respectively.

[ ]	Written communications pursuant to Rule 425 under the Securities Act
[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Exhibit No.	Description
99.1	Press Release dated October 20, 2005.

Exhibit No.	Description
99.1	Press Release dated October 20, 2005.