Exhibit 99.1

For Release:

IMMEDIATELY

Contact:

Stephen F. Carman, VP/Treasurer

(609) 631-6222 or carmans@ynb.com

Patrick M. Ryan, CEO

(609) 631-6177

YNB’s website

www.ynb.com

Investor Relations website

www.zangani.com

YARDVILLE NATIONAL BANCORP ANNOUNCES FOURTH QUARTER AND 2006 RESULTS

Hamilton, N.J.- January 30, 2007- Yardville National Bancorp (NASDAQ:YANB) today reported earnings for both the fourth quarter and full year ended December 31, 2006. The company noted that in keeping with its retail banking strategy, YNB opened five new banking offices in 2006, two of them in the fourth quarter alone, and completed a restructuring of its balance sheet as announced at the end of December.

For the fourth quarter of 2006, the balance sheet restructuring was the major contributor to YNB’s net loss of $8.7 million and diluted loss per share of $0.79. These results compare with net income of $4.3 million and $0.39 diluted earnings per share for the fourth quarter of 2005. For the full year, primarily due to the restructuring, net income decreased to $6.9 million from the $20.9 million reported in 2005. Diluted earnings per share for the full year decreased to $0.61 compared with $1.89 for the prior year.

Excluding the impact of the one-time charges associated with the restructuring, YNB would have reported fourth quarter net income of approximately $4.2 million or $0.36 per diluted share. Full year net income without the restructuring would have been approximately $19.7 million or $1.74 per diluted share.

“We took significant steps to strengthen our balance sheet at the end of the fourth quarter,” noted YNB Chief Executive Officer Patrick M. Ryan. “We restructured a portion of our balance sheet in order to enhance the company’s net interest margin and improve earnings in 2007 and beyond, which also allowed us to reduce interest rate risk and improve our liquidity position,” he added.

At December 31, 2006, total deposits were $2.00 billion, a net increase of $30.6 million from December 31, 2005. Although net deposit growth was modest in 2006, strong deposit growth in its new branches enabled YNB to substantially reduce its reliance on Federal Home Loan Bank advances and more expensive wholesale funding sources and, in turn, strengthened liquidity.

“By expanding the bank’s market presence in contiguous markets, YNB is able to establish new retail and commercial banking relationships,” explained YNB President and Chief Operating Officer F. Kevin Tylus. “While the marketplace continues to be a competitive one, our brand of high-level personal service has helped us penetrate these markets and gain additional business,” he continued. “We have successfully used our introductory product offerings to cross-sell additional products and services, and expand customer relationships,” he concluded.

In the fourth quarter, YNB opened new branches in Woodbridge, Middlesex County, and Skillman, Somerset County. YNB also opened a new branch in North Brunswick, Middlesex County, in January 2007.

YNB experienced accelerated loan payoffs and intense competition for commercial loans in 2006, both contributing factors in YNB’s flat net loan growth this past year. Total loans at December 31, 2006 held steady year over year, totaling $1.97 billion, the same as at the end of 2005. Nonperforming assets increased to $29.5 million, or 1.12 percent of total assets at December 31, 2006, compared to $20.3 million or 0.68 percent at September 30, 2006. Several credits were placed on nonaccrual status in December of 2006, resulting in the increase in nonperforming assets for the period.

Net loan chargeoffs for the twelve months ended December 31, 2006 totaled $9.5 million, compared with $7.9 million for 2005. YNB’s provision for loan losses for 2006 was $8.8 million compared to $10.5 million for 2005. The allowance for loan losses at December 31, 2006 totaled $22.1 million, or 1.12 percent of total loans, and covered 75.9 percent of total nonperforming loans.

“As many banks have, we continue to feel the effects of the sustained inverted yield curve, which presents a challenge for the financial services industry,” Mr. Ryan stated. “Stiff competition for loans and deposits continues, but as we look forward, we believe in our strength and potential for continued growth in both the commercial and retail banking sectors,” he concluded.

Due in part to the balance sheet restructure completed in December, YNB maintained its 2006 tax-equivalent net interest margin at 3.05 percent, the same as 2005. The full positive effects of the restructure will be realized in the first quarter of 2007.

“The restructuring of our balance sheet should generate higher returns in future quarters,” stated Stephen F. Carman, YNB Chief Financial Officer. “The anticipated improvement in our net interest margin, in 2007 and beyond, is particularly important in the current interest rate environment,” he said. “We anticipate the market challenges we currently face will continue in 2007,” he added, “but we plan to meet these challenges by executing our retail banking strategy and expanding our small business commercial lending efforts,” he said.

At December 31, 2006, YNB’s total risk-based capital was 12.2 percent, Tier 1 capital to risk-weighted assets was 11.2 percent, and Tier 1 capital to average assets was 8.9 percent. For the year, YNB paid cash dividends totaling $0.46 per share. YNB has paid dividends for the past 52 consecutive quarters.

With $2.62 billion in assets as of December 31, 2006, YNB serves individuals and small to mid-sized businesses in the dynamic New York City-Philadelphia corridor through a network of 32 branches in Mercer, Hunterdon, Somerset, Middlesex, Burlington, and Ocean counties in New Jersey and Bucks County in Pennsylvania. Headquartered in Mercer County, YNB offers a broad range of lending, deposit and other financial products and services to both commercial and retail banking customers.

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 December 31,					Twelve Months Ended December 31,
(in thousands, except per share amounts)		2006		2005			2006			2005
Stock Information:
Weighted average shares outstanding:
Basic		11,002			10,760			10,948			10,609
Diluted		11,002			11,199			11,350			11,057
Shares outstanding end of period								11,070			10,915
Earnings per share:
Basic	$	(0.79	)	$	0.40		$	0.63		$	1.97
Diluted		(0.79	)		0.39			0.61			1.89
Dividends paid per share		0.115			0.115			0.46			0.46
Book value per share		17.03			16.35
Tangible book value per share		16.90			16.21
Closing price per share		37.72			34.65
Closing price to tangible book value		223.20	%		213.77	%
Key Ratios:
Return on average assets		(1.21	)%		0.58	%		0.23	%		0.72	%
Return on average stockholders’ equity		(18.09	)		10.13			3.75			12.57
Net interest margin		3.01			3.03			2.97			2.98
Net interest margin (tax equivalent) (1)		3.09			3.10			3.05			3.05
Efficiency ratio		180.37			53.41			83.05			54.69
Equity-to-assets at period end		7.16			6.00
Tier 1 leverage ratio (2)		8.89			8.32
Asset Quality Data:
Net loan charge-offs	$	2,892		$	4,799		$	9,490		$	7,943
Nonperforming assets as a percentage of total assets		1.12	%		0.63	%
Allowance for loan losses at period end as a percent of:
Total loans		1.12			1.15
Nonperforming loans		75.89			121.97
Nonperforming assets at period end:
Nonperforming loans	$	29,074		$	18,613
Other real estate		385			—
Total nonperforming assets	$	29,459		$	18,613

(1) The net interest margin is equal to net interest income divided by average interest earning assets. In order to

make 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 the appropriate Federal income tax rate for the period,

and has the effect of increasing interest income by $540,000 and $513,000 for the three month periods and

$2,154,000 and $1,974,000 for the twelve month periods ended December 31, 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 December 31,					Twelve Months Ended December 31,
(in thousands, except per share amounts)	2006			2005		2006			2005
INTEREST INCOME:
Interest and fees on loans	$	37,400		$	34,980	$	148,190		$	127,684
Interest on deposits with banks		734			279		1,979			1,027
Interest on securities available for sale		7,667			9,498		34,304			36,983
Interest on investment securities:
Taxable		14			27		85			109
Exempt from Federal income tax		1,059			973		4,138			3,734
Interest on Federal funds sold		314			154		835			730
Total Interest Income		47,188			45,911		189,531			170,267
INTEREST EXPENSE:
Interest on savings account deposits		7,279			5,675		27,461			20,757
Interest on certificates of deposit of $100,000 or more		3,036			2,416		10,706			6,992
Interest on other time deposits		7,487			5,250		26,626			16,432
Interest on borrowed funds		7,244			9,557		35,117			38,114
Interest on subordinated debentures		1,414			1,279		5,491			4,759
Total Interest Expense		26,460			24,177		105,401			87,054
Net Interest Income		20,728			21,734		84,130			83,213
Less provision for loan losses		2,575			4,830		8,850			10,530
Net Interest Income After Provision for Loan Losses		18,153			16,904		75,280			72,683
NON-INTEREST INCOME:
Service charges on deposit accounts		668			709		2,840			2,819
Securities (losses) gains, net		(6,523	)		112		(6,523	)		862
Income on bank owned life insurance		484			396		1,799			1,651
Other non-interest income		961			587		2,642			2,158
Total Non-Interest (Loss) Income		(4,410	)		1,804		758			7,490
NON-INTEREST EXPENSE:
Salaries and employee benefits		7,152			6,352		29,800			27,654
Occupancy expense, net		1,640			1,315		6,016			4,934
Equipment expense		851			889		3,297			3,173
Loss on prepayment of FHLB advances		15,271			—		15,271			—
Other non-interest expense		4,519			4,015		16,119			13,841
Total Non-Interest Expense		29,433			12,571		70,503			49,602
(Loss) income before income tax (benefit) expense		(15,690	)		6,137		5,535			30,571
Income tax (benefit) expense		(7,027	)		1,804		(1,355	)		9,637
Net (loss) income	$	(8,663	)	$	4,333	$	6,890		$	20,934
EARNINGS PER SHARE:
Basic	$	(0.79	)	$	0.40	$	0.63		$	1.97
Diluted		(0.79	)		0.39		0.61			1.89
Weighted average shares outstanding:
Basic		11,002			10,760		10,948			10,609
Diluted		11,002			11,199		11,350			11,057

Yardville National Bancorp and Subsidiaries

Consolidated Statements of Condition

(Unaudited)

	Year Ended December 31,
(in thousands)	2006			2005
Assets:
Cash and due from banks	$	30,355		$	52,686
Federal funds sold		3,265			10,800
Cash and Cash Equivalents		33,620			63,486
Interest bearing deposits with banks		32,358			16,408
Securities available for sale		402,641			741,668
Investment securities		96,072			89,026
Loans		1,972,881			1,972,840
Less: Allowance for loan losses		(22,063	)		(22,703	)
Loans, net		1,950,818			1,950,137
Bank premises and equipment, net		12,067			11,697
Other real estate		385			—
Bank owned life insurance		49,651			46,152
Other assets		44,744			38,157
Total Assets	$	2,622,356		$	2,956,731
Liabilities and Stockholders’ Equity:
Deposits
Non-interest bearing	$	197,126		$	232,269
Interest bearing		1,806,157			1,740,448
Total Deposits		2,003,283			1,972,717
Borrowed funds
Securities sold under agreements to repurchase		10,000			10,000
Federal Home Loan Bank advances		324,000			704,000
Subordinated debentures		62,892			62,892
Obligation for Employee Stock Ownership Plan (ESOP)		1,688			2,250
Other		1,593			1,870
Total Borrowed Funds		400,173			781,012
Other liabilities		31,181			25,544
Total Liabilities	$	2,434,637		$	2,779,273
Stockholders’ equity:
Common stock: no par value		108,728			105,122
Surplus		2,205			2,205
Undivided profits		87,725			85,896
Treasury stock, at cost		(3,160	)		(3,160	)
Unallocated ESOP shares		(1,688	)		(2,250	)
Accumulated other comprehensive loss, net of taxes		(6,091	)		(10,355	)
Total Stockholders’ Equity		187,719			177,458
Total Liabilities and Stockholders’ Equity	$	2,622,356		$	2,956,731

Yardville National Bancorp and Subsidiaries

Calculation of Adjusted Net Income (Loss)

(Unaudited)

	Three Months Ended			Twelve Months Ended
(in thousands, except per share amounts)	December 31, 2006			December 31, 2006
Net (Loss) Income as Reported		(8,663	)		6,890
Adjustments:
Securities losses on restructure		6,523			6,523
Loss on prepayment of FHLB advances		15,271			15,271
Income tax benefit		(8,977	)		(8,977	)
Net Income - as adjusted	$	4,154		$	19,707
EARNINGS PER SHARE - As reported
Basic		($0.79	)	$	0.63
Diluted		(0.79	)		0.61
Weighted average shares outstanding - As reported
Basic		11,002			10,948
Diluted		11,002			11,350
EARNINGS PER SHARE - As adjusted
Basic	$	0.38		$	1.80
Diluted		0.36			1.74
Weighted average shares outstanding - As adjusted
Basic		11,002			10,948
Diluted		11,397			11,350

The above table excludes the impact of the balance sheet restructuring which management believes should be

excluded in order to provide investors with a clear understanding of the results of the Company's normal

operations. These items, which are included in the financial results prepared in accordance with U.S. Generally

Accepted Accounting Principles but which are excluded from adjusted results are described more fully in

the attached press release.

Financial Summary

Average Balances, Yields and Costs

(Unaudited)

	Three Months Ended December 31, 2006							Three Months Ended December 31, 2005
(in thousands)	Average Balance			Interest		Average Yield/ Cost		Average Balance			Interest		Average Yield/ Cost
INTEREST EARNING ASSETS:
Interest bearing deposits with banks	$	55,187		$	734	5.32	%	$	26,672		$	279	4.18	%
Federal funds sold		23,694			314	5.30			15,494			154	3.98
Securities		701,895			8,740	4.98			867,286			10,498	4.84
Loans (1)		1,974,176			37,400	7.58			1,964,298			34,980	7.12
Total interest earning assets	$	2,754,952		$	47,188	6.85	%	$	2,873,750		$	45,911	6.39	%
NON-INTEREST EARNING ASSETS:
Cash and due from banks	$	31,033						$	36,418
Allowance for loan losses		(22,583	)						(23,451	)
Premises and equipment, net		12,014							11,536
Other assets		77,006							76,253
Total non-interest earning assets		97,470							100,756
Total assets	$	2,852,422						$	2,974,506
INTEREST BEARING LIABILITIES:
Deposits:
Savings, money markets, and interest bearing demand	$	938,862		$	7,279	3.10	%	$	967,768		$	5,675	2.35	%
Certificates of deposit of $100,000 or more		249,603			3,036	4.87			254,718			2,416	3.79
Other time deposits		624,521			7,487	4.80			544,365			5,250	3.86
Total interest bearing deposits		1,812,986			17,802	3.93			1,766,851			13,341	3.02
Borrowed funds		563,521			7,244	5.14			728,896			9,557	5.24
Subordinated debentures		62,892			1,414	8.99			62,892			1,279	8.13
Total interest bearing liabilities	$	2,439,399		$	26,460	4.34	%	$	2,558,639		$	24,177	3.78	%
NON-INTEREST BEARING LIABILITIES:
Demand deposits	$	204,416						$	221,452
Other liabilities		17,019							23,324
Stockholders' equity		191,588							171,091
Total non-interest bearing liabilities and
stockholders' equity	$	413,023						$	415,867
Total liabilities and stockholders' equity	$	2,852,422						$	2,974,506
Interest rate spread (2)						2.51	%						2.61	%
Net interest income and margin (3)				$	20,728	3.01	%				$	21,734	3.03	%
Net interest income and margin (tax equivalent basis)(4)				$	21,268	3.09	%				$	22,247	3.10	%

(1) Loan origination fees are considered an adjustment to interest income. For the purpose of calculating loan yields, average loan balances

include nonaccrual balances with no related interest income.

(2) The interest rate spread is the difference between the average yield on interest earning assets and 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 make 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 the appropriate Federal

income tax rate for the period, and has the effect of increasing interest income by $540,000 and $513,000 for the three month periods ended

December 31, 2006 and 2005, respectively.

Financial Summary

Average Balances, Yields and Costs

(Unaudited)

	Twelve Months Ended December 31, 2006							Twelve Months Ended December 31, 2005
(in thousands)	Average Balance			Interest		Average Yield/ Cost		Average Balance			Interest		Average Yield/ Cost
INTEREST EARNING ASSETS:
Interest bearing deposits with banks	$	37,321		$	1,979	5.30	%	$	30,534		$	1,027	3.36	%
Federal funds sold		16,475			835	5.07			23,112			730	3.16
Securities		782,531			38,527	4.92			860,430			40,826	4.74
Loans (1)		1,995,515			148,190	7.43			1,880,166			127,684	6.79
Total interest earning assets	$	2,831,842		$	189,531	6.69	%	$	2,794,242		$	170,267	6.09	%
NON-INTEREST EARNING ASSETS:
Cash and due from banks	$	33,735						$	32,939
Allowance for loan losses		(23,019	)						(21,823	)
Premises and equipment, net		11,791							10,716
Other assets		77,827							76,561
Total non-interest earning assets		100,334							98,393
Total assets	$	2,932,176						$	2,892,635
INTEREST BEARING LIABILITIES:
Deposits:
Savings, money markets, and interest bearing demand	$	948,828		$	27,461	2.89	%	$	985,346		$	20,757	2.11	%
Certificates of deposit of $100,000 or more		244,662			10,706	4.38			208,521			6,992	3.35
Other time deposits		596,517			26,626	4.46			497,530			16,432	3.30
Total interest bearing deposits		1,790,007			64,793	3.62			1,691,397			44,181	2.61
Borrowed funds		671,656			35,117	5.23			740,075			38,114	5.15
Subordinated debentures		62,892			5,491	8.73			62,892			4,759	7.57
Total interest bearing liabilities	$	2,524,555		$	105,401	4.18	%	$	2,494,364		$	87,054	3.49	%
NON-INTEREST BEARING LIABILITIES:
Demand deposits	$	209,160						$	209,179
Other liabilities		14,946							22,520
Stockholders' equity		183,515							166,572
Total non-interest bearing liabilities and
stockholders' equity	$	407,621						$	398,271
Total liabilities and stockholders' equity	$	2,932,176						$	2,892,635
Interest rate spread (2)						2.51	%						2.60	%
Net interest income and margin (3)				$	84,130	2.97	%				$	83,213	2.98	%
Net interest income and margin (tax equivalent basis)(4)				$	86,284	3.05	%				$	85,187	3.05	%

(1) Loan origination fees are considered an adjustment to interest income. For the purpose of calculating loan yields, average loan balances

include nonaccrual balances with no related interest income.

(2) The interest rate spread is the difference between the average yield on interest earning assets and 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 make pre-tax income and resultant yields on tax-exempt investments and loans on a basis comparable to those on taxable investments and

and loans, a tax equivalent adjustment is made to interest income. The tax equivalent adjustment has been computed using the appropriate Federal

income tax rate for the period, and has the effect of increasing interest income by $2,154,000 and $1,974,000 for the twelve month periods ended

December 31, 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 January 30, 2007.

Exhibit No.	Description
99.1	Press Release dated January 30, 2007.

	YARDVILLE NATIONAL BANCORP
Date: February 1, 2007	By: Stephen F. Carman Stephen F. Carman Vice President and Treasurer