Exhibit 99.1

For Release: IMMEDIATELY

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

YNB PASSES $3 BILLION IN ASSETS;

REPORTS SECOND QUARTER EARNINGS

Hamilton, NJ ... July 27, 2006... Yardville National Bancorp (NASDAQ:YANB) today noted a number of factors affecting its earnings performance and highlighted its continued retail expansion as well as encouraging commercial loan and account growth opportunities in new markets. For the quarter ended June 30, 2006, YNB's net income was $5.1 million, compared with $5.6 million earned in the second quarter of last year. Earnings per share were $0.45 per diluted share, compared with the $0.51 per diluted share reported in the second quarter of 2005.

For the six months ended June 30, 2006, YNB’s net income was $10.2 million, compared with $11.2 million earned in the same period a year ago. Diluted earnings per share were $0.90 compared with $1.02 reported in the prior year’s first half. The results for the first half of 2006 reflected certain higher expenses, which were anticipated, and lower than expected net interest income improvement. The higher non interest expenses were from salaries and benefit expenses associated with the bank’s retail expansion and new branch openings, the costs of YNB’s proxy contest and related litigation, and a higher provision for loan losses. Margin pressure and slower than anticipated commercial loan growth have somewhat limited improvement in net interest income.

Despite vigorous competition for commercial loans and deposits, YNB’s tax-equivalent net interest margin has remained stable. For the six months ended June 30, 2006, YNB’s tax equivalent net interest margin registered 3.04 percent, the same as reported for the first six months of 2005.

“It is a challenging environment for YNB and for many other banking institutions,” commented YNB Chief Executive Officer Patrick M. Ryan. “While we are experiencing stiff competition on rates and terms both in the commercial and retail banking arena, we are retaining long-time, significant customer relationships and generating business in new markets to continue enhancing our franchise value,” he went on.

Loans increased 7.3 percent to $2.03 billion at June 30, 2006 compared to $1.90 billion at June 30, 2005. YNB believes its commercial loan pipeline remains healthy, however the timing of larger commercial loan payoffs and strong competition impacted the level of net loan growth that was experienced during the first half of 2006.

“The increased competition for commercial loan business that we have been discussing for some time continues, resulting in a slower growth trend than we are accustomed to seeing,” Mr. Ryan noted further. “Nonetheless, we continue to benefit from our established loan relationships and our reputation for accessibility and personal service at the highest levels of management, while we aggressively pursue new business opportunities. For example, our expansion with a new market team in Middlesex County has created numerous new business opportunities for YNB,” he added.

Nonperforming assets (NPAs) increased to $24.1 million or 0.80 percent of total assets at June 30, 2006, compared to $7.9 million or 0.27 percent of total assets at June 30, 2005. As YNB reported in an 8-K filing yesterday, during the second quarter, a $10 million line of credit to New Jersey real estate developer Solomon Dwek was placed on

nonperforming status. Without the Dwek addition to nonperforming assets, YNB’s NPAs would have decreased 12.7 percent on a linked quarter basis from the $16.2 million reported at March 31, 2006. This is significant, as YNB expects approximately $7.4 million of this credit will be satisfied during the third quarter. At June 30, 2006, YNB’s allowance for loan losses totaled $23.1 million, or 1.13 percent of total loans, covering 97.66 percent of total nonperforming loans. YNB’s net loan chargeoffs rose in the first half of 2006 to $3.8 million, compared to $2.0 million in net chargeoffs recorded for the same period of 2005.

YNB’s dynamic retail expansion continued, as new branches were opened in Ringoes, Hunterdon County in June and in Whitehouse Station, also in Hunterdon, on July 20^th. The ongoing branch expansion, promotion of YNB’s high-yielding “Simply Better Money Market Account,” and effective product cross-selling in the branches helped deposits rise 7.0 percent to $2.05 billion at June 30, 2006 from $1.91 billion at the same date in 2005. Regulatory applications are underway for two new branches in Lawrence, Mercer County and Skillman in Somerset County, with plans for them to open by the end of 2006 or early in 2007. YNB’s Board of Directors has also approved expansion through additional branch sites into North Brunswick and Woodbridge. All of these are attractive new areas contiguous to YNB’s core marketplace.

“With the opening of branches 29 and 30, we are continuing to successfully execute our retail banking strategy,” noted YNB’s President and Chief Operating Officer F. Kevin Tylus. “These new branches and product promotions help us maximize contributions from our retail banking strategy by allowing us to replace wholesale funding with core deposits,” he said.

In response to the challenging environment, Mr. Tylus announced that the company is finalizing its PAR Program, which stands for “Profit And Revenue,” and represents a multi-faceted plan to enhance performance, improve financial metrics, and add revenue sources.

He also noted that YNB has been included in the new NASDAQ Global Select Market, a group of companies that has the highest initial listing standards of any exchange in the world based on financial and liquidity requirements. The exchange said that YNB “is an example of a company that has achieved superior listing standards,” and highlighted the company’s achievement in meeting requirements to be included in the market with the highest listing standards in the world.

YNB expressed pleasure at the listing. “YNB, which celebrated the tenth anniversary of our listing on NASDAQ just last year, is honored to be in the top tier of NASDAQ-listed companies,” said Kevin Tylus. “We are delighted to be a member of the group of distinguished companies that includes Microsoft, Yahoo, Charles Schwab, Staples and Starbucks, among others,” he added.

YNB's Executive Vice President and Chief Financial Officer Stephen F. Carman commented further on YNB's performance during the first half and the balance of 2006. “Loan growth for the first half of 2006 was slightly above 3.0 percent, below our initial expectations. Competitive pressures coupled with several commercial loan payoffs are expected to restrict loan growth for the rest of 2006,” he said. “Still, we expect loan growth to be within or slightly below the low end of our previously issued guidance.

“Lower than expected net interest income growth, resulting from limited loan growth and margin pressure, coupled with anticipated increases in non interest expenses, has pushed our efficiency ratio higher,” he explained. “We expect that our efficiency ratio should stabilize and may improve during the balance of the year, resulting in an efficiency ratio of 58 – 60 percent for 2006.

“In conclusion,” Mr. Carman added, “we believe we should be able to achieve the low end of our previously issued guidance with respect to net income growth and earnings per share growth, based on the following assumptions:

Credit quality improvement in the second half of 2006

Modest improvement in loan growth from the 3.0 percent experienced in the first half of the year

Net interest margin remaining at or improving from the 3.01 percent reported for the second quarter

Improved efficiency ratio due to reduction in proxy and related litigation costs and increased net interest income.

YNB’s capital foundation remains sound. YNB’s total capital ratio at June 30, 2006 was 11.9 percent, Tier 1 capital ratio was 10.9 percent, and the Tier 1 leverage capital ratio was 8.6 percent. Shareholders continue to benefit from YNB’s performance, as YNB paid a cash dividend for the 50^th consecutive quarter on June 21, 2006.

As of June 30, 2006, YNB passed the $3 billion mark in assets, totaling $3.02 billion. Thirty YNB branches now serve individuals and businesses in Mercer, Hunterdon, Somerset, Burlington and Middlesex Counties in New Jersey, and Bucks County, Pennsylvania, and seven-day a week, twenty-four hour a day banking at www.ynb.com. Located in the dynamic business corridor between New York City and Philadelphia, YNB offers a broad range of lending, deposit and other financial products and services.

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, adequacy of the allowance for loan losses, plans for growth, interest rate sensitivity, market risk, regulatory compliance, and financial and other goals. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be achieved. 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, adverse changes in the market price of our common stock, proxy contests and litigation, compliance with laws and regulatory requirements, including our agreement with the Office of the Comptroller of the Currency and Nasdaq standards, and other risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission, as well as other risks and uncertainties detailed from time to time in statements made by our management. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Yardville National Bancorp
Summary of Financial Information
(Unaudited)

		Three Months Ended						Six Months Ended
		June 30,						June 30,
(in thousands, except per share amounts)		2006			2005			2006			2005
Stock Information:
Weighted average shares outstanding:
Basic		10,938			10,552			10,911			10,535
Diluted		11,339			11,006			11,326			10,991
Shares outstanding end of period		11,004			10,572
Earnings per share:
Basic	$	0.46		$	0.53		$	0.94		$	1.07
Diluted		0.45			0.51			0.90			1.02
Dividends paid per share		0.115			0.115			0.23			0.23
Book value per share		16.29			16.14
Tangible book value per share		16.15			15.98
Closing price per share		35.73			35.75
Closing price to tangible book value		221.24	%		223.72	%

Key Ratios:
Return on average assets		0.68	%		0.79	%		0.69	%		0.80	%
Return on average stockholders' equity		11.39			13.61			11.47			13.82
Net interest margin		2.93			3.00			2.96			2.97
Net interest margin (tax equivalent) (1)		3.01			3.07			3.04			3.04
Efficiency ratio		62.71			54.03			60.60			54.48
Equity-to-assets at period end		5.90			5.82
Tier 1 leverage ratio (2)		8.65			7.98
Asset Quality Data:
Net loan charge-offs	$	1,102		$	1,606		$	3,763		$	1,996
Nonperforming assets as a percentage of total assets		0.80	%		0.27	%
Allowance for loan losses at period end as a
percent of:
Total loans		1.13			1.15
Nonperforming loans		97.66			274.35
Nonperforming assets at period end:
Nonperforming loans	$	23,643		$	7,917
Other real estate		502			-
Total nonperforming assets	$	24,145		$	7,917

(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 $535,000 and $491,000 for the three month
periods and $1,070,000 and $959,000 for the six month periods ended June 30, 2006 and 2005, 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				Six Months Ended
		June 30,				June 30,
(in thousands, except per share amounts)		2006		2005		2006		2005
INTEREST INCOME:
Interest and fees on loans	$	37,307	$	31,117	$	72,728	$	59,919
Interest on deposits with banks		336		194		566		351
Interest on securities available for sale		8,842		9,154		17,804		18,170
Interest on investment securities:
Taxable		26		30		49		56
Exempt from Federal income tax		1,025		919		2,035		1,804
Interest on Federal funds sold		152		155		280		302
Total Interest Income		47,688		41,569		93,462		80,602
INTEREST EXPENSE:
Interest on savings account deposits		6,974		4,995		13,121		9,450
Interest on certificates of deposit of $100,000 or more		2,500		1,400		4,784		2,593
Interest on other time deposits		6,443		3,692		11,963		6,886
Interest on borrowed funds		9,392		9,600		18,696		18,820
Interest on subordinated debentures		1,360		1,156		2,666		2,263
Total Interest Expense		26,669		20,843		51,230		40,012
Net Interest Income		21,019		20,726		42,232		40,590
Less provision for loan losses		1,800		2,100		4,150		3,600
Net Interest Income After Provision for Loan Losses		19,219		18,626		38,082		36,990
NON-INTEREST INCOME:
Service charges on deposit accounts		777		687		1,436		1,348
Securities gains, net		-		283		-		476
Income on bank owned life insurance		440		361		861		804
Other non-interest income		576		596		1,157		1,016
Total Non-Interest Income		1,793		1,927		3,454		3,644
NON-INTEREST EXPENSE:
Salaries and employee benefits		7,572		7,034		15,223		13,863
Occupancy expense, net		1,368		1,186		2,795		2,375
Equipment expense		856		757		1,652		1,533
Other non-interest expense		4,510		3,263		8,014		6,327
Total Non-Interest Expense		14,306		12,240		27,684		24,098
Income before income tax expense		6,706		8,313		13,852		16,536
Income tax expense		1,649		2,677		3,627		5,287
Net Income	$	5,057	$	5,636	$	10,225	$	11,249
EARNINGS PER SHARE:
Basic	$	0.46	$	0.53	$	0.94	$	1.07
Diluted		0.45		0.51		0.90		1.02
Weighted average shares outstanding:
Basic		10,938		10,552		10,911		10,535
Diluted		11,339		11,006		11,326		10,991

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

		June 30,				Dec. 31,
(in thousands)		2006		2005		2005
Assets:
Cash and due from banks	$	35,839	$	33,334	$	52,686
Federal funds sold		12,475		75,670		10,800
Cash and Cash Equivalents		48,314		109,004		63,486
Interest bearing deposits with banks		62,368		23,204		16,408
Securities available for sale		701,007		751,536		741,668
Investment securities		92,753		83,588		89,026
Loans		2,034,781		1,895,917		1,972,840
Less: Allowance for loan losses		(23,090)		(21,720)		(22,703)
Loans, net		2,011,691		1,874,197		1,950,137
Bank premises and equipment, net		11,578		10,318		11,697
Other real estate		502		-		-
Bank owned life insurance		48,713		45,306		46,152
Other assets		46,982		33,260		38,157
Total Assets	$	3,023,908	$	2,930,413	$	2,956,731
Liabilities and Stockholders' Equity:
Deposits
Non-interest bearing	$	215,373	$	218,042	$	232,269
Interest bearing		1,831,610		1,694,921		1,740,448
Total Deposits		2,046,983		1,912,963		1,972,717
Borrowed funds
Securities sold under agreements to repurchase		10,000		10,000		10,000
Federal Home Loan Bank advances		694,000		750,000		704,000
Subordinated debentures		62,892		62,892		62,892
Obligation for Employee Stock Ownership Plan (ESOP)		1,969		189		2,250
Other		1,296		1,311		1,870
Total Borrowed Funds		770,157		824,392		781,012
Other liabilities		28,293		22,390		25,544
Total Liabilities	$	2,845,433	$	2,759,745	$	2,779,273
Stockholders' equity:
Common stock: no par value		107,096		93,078		105,122
Surplus		2,205		2,205		2,205
Undivided profits		93,599		78,686		85,896
Treasury stock, at cost		(3,160)		(3,160)		(3,160)
Unallocated ESOP shares		(1,969)		(189)		(2,250)
Accumulated other comprehensive (loss) income		(19,296)		48		(10,355)
Total Stockholders' Equity		178,475		170,668		177,458
Total Liabilities and Stockholders' Equity	$	3,023,908	$	2,930,413	$	2,956,731

Financial Summary
Average Balances, Yields and Costs
(Unaudited)

	Three Months Ended							Three Months Ended
	June 30, 2006							June 30, 2005
					Average						Average
		Average			Yield /			Average			Yield /
(in thousands)		Balance		Interest	Cost			Balance		Interest	Cost
INTEREST EARNING ASSETS:
Interest bearing deposits with banks	$	25,899	$	336	5.19	%	$	25,177	$	194	3.08	%
Federal funds sold		12,280		152	4.95			21,067		155	2.94
Securities		803,661		9,893	4.92			857,958		10,103	4.71
Loans (1)		2,025,995		37,307	7.37			1,859,969		31,117	6.69
Total interest earning assets	$	2,867,835	$	47,688	6.65	%	$	2,764,171	$	41,569	6.02	%
NON-INTEREST EARNING ASSETS:
Cash and due from banks	$	35,143					$	31,868
Allowance for loan losses		(22,842)						(21,274)
Premises and equipment, net		11,622						10,401
Other assets		83,236						76,715
Total non-interest earning assets		107,159						97,710
Total assets	$	2,974,994					$	2,861,881
INTEREST BEARING LIABILITIES:
Deposits:
Savings, money markets, and interest bearing demand	$	963,732	$	6,974	2.89	%	$	987,686	$	4,995	2.02	%
Certificates of deposit of $100,000 or more		239,367		2,500	4.18			180,410		1,400	3.10
Other time deposits		588,335		6,443	4.38			479,910		3,692	3.08
Total interest bearing deposits		1,791,434		15,917	3.55			1,648,006		10,087	2.45
Borrowed funds		715,894		9,392	5.25			756,815		9,600	5.07
Subordinated debentures		62,892		1,360	8.65			62,892		1,156	7.35
Total interest bearing liabilities	$	2,570,220	$	26,669	4.15	%	$	2,467,713	$	20,843	3.38	%
NON-INTEREST BEARING LIABILITIES:
Demand deposits	$	209,379					$	205,839
Other liabilities		17,853						22,644
Stockholders' equity		177,542						165,685
Total non-interest bearing liabilities and
stockholders' equity	$	404,774					$	394,168
Total liabilities and stockholders' equity	$	2,974,994					$	2,861,881
Interest rate spread (2)					2.50	%					2.64	%
Net interest income and margin (3)			$	21,019	2.93	%			$	20,726	3.00	%
Net interest income and margin
(tax equivalent basis)(4)			$	21,554	3.01	%			$	21,217	3.07	%
(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 $535,000 and $491,000 for the three month periods ended June 30, 2006 and 2005, respectively.

Financial Summary
Average Balances, Yields and Costs
(Unaudited)

	Six Months Ended							Six Months Ended
	June 30, 2006							June 30, 2005
					Average						Average
		Average			Yield /			Average			Yield /
(in thousands)		Balance		Interest	Cost			Balance		Interest	Cost
INTEREST EARNING ASSETS:
Interest bearing deposits with banks	$	22,823	$	566	4.96	%	$	25,304	$	351	2.77	%
Federal funds sold		11,977		280	4.68			22,612		302	2.67
Securities		814,604		19,888	4.88			854,363		20,030	4.69
Loans (1)		2,000,604		72,728	7.27			1,829,458		59,919	6.55
Total interest earning assets	$	2,850,008	$	93,462	6.56	%	$	2,731,737	$	80,602	5.90	%
NON-INTEREST EARNING ASSETS:
Cash and due from banks	$	35,588					$	31,378
Allowance for loan losses		(23,022)						(20,925)
Premises and equipment, net		11,669						10,417
Other assets		77,157						76,130
Total non-interest earning assets		101,392						97,000
Total assets	$	2,951,400					$	2,828,737
INTEREST BEARING LIABILITIES:
Deposits:
Savings, money markets, and interest bearing demand	$	960,182	$	13,121	2.73	%	$	982,877	$	9,450	1.92	%
Certificates of deposit of $100,000 or more		238,422		4,784	4.01			174,735		2,593	2.97
Other time deposits		570,913		11,963	4.19			474,814		6,886	2.90
Total interest bearing deposits		1,769,517		29,868	3.38			1,632,426		18,929	2.32
Borrowed funds		716,785		18,696	5.22			745,537		18,820	5.05
Subordinated debentures		62,892		2,666	8.48			62,892		2,263	7.20
Total interest bearing liabilities	$	2,549,194	$	51,230	4.02	%	$	2,440,855	$	40,012	3.28	%
NON-INTEREST BEARING LIABILITIES:
Demand deposits	$	210,077					$	202,412
Other liabilities		13,867						22,725
Stockholders' equity		178,262						162,745
Total non-interest bearing liabilities and
stockholders' equity	$	402,206					$	387,882
Total liabilities and stockholders' equity	$	2,951,400					$	2,828,737
Interest rate spread (2)					2.54	%					2.62	%
Net interest income and margin (3)			$	42,232	2.96	%			$	40,590	2.97	%
Net interest income and margin
(tax equivalent basis)(4)			$	43,302	3.04	%			$	41,549	3.04	%
(1) Loan origination fees are considered an adjustment to interest income. For the purpose of calculating loan yields, average loan balances include nonaccraul
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 $1,070,000 and $959,000 for the six month periods ended June 30, 2006 and 2005, 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 July 27, 2006.

Exhibit No.	Description
99.1	Press Release dated July 27, 2006.