-----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, MBVPb5EiCPoM9q/mT/2YfwgPp3Cqm8FcrS5gdB68JY/0fsl7T18kFjj0lzI8/RaD 4G4UdcF4DhP3xUzAEF9Ldw== 0000893220-03-001570.txt : 20030912 0000893220-03-001570.hdr.sgml : 20030912 20030912141059 ACCESSION NUMBER: 0000893220-03-001570 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030904 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030912 FILER: 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26086 FILM NUMBER: 03893556 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 8-K 1 w89892e8vk.htm FORM 8-K DATE OF REPORT SEPTEMBER 4, 2003 e8vk
 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 4, 2003

YARDVILLE NATIONAL BANCORP

(Exact name of issuer as specified in charter)
         
NEW JERSEY
(State or Other Jurisdiction
of Incorporation or
Organization)		   0-26086
(Commission
file
number) 		  22-2670267
(I.R.S. Employer
Identification
Number)

2465 KUSER ROAD
HAMILTON, NEW JERSEY 08690
(Address of principal executive offices)

(609) 585-5100
(Registrant’s telephone number, including area code)

 

 

Item 5. Other Events.

     On September 4, 2003, Yardville National Bancorp (the “Company”) announced that its subsidiary, The Yardville National Bank (the “Bank”), agreed to acquire the Lawrenceville branch of First Savings Bank, a subsidiary of First Sentinel Bancorp, Inc., for an undisclosed consideration.

     On September 11, 2003, John D. Harding was appointed President of the Bank’s Bucks County, Pennsylvania division and Joseph M. Donnelly was appointed as a senior vice president of the Bank’s Bucks County division.

     The information contained in the Company’s press releases, dated September 4, 2003 and September 11, 2003, are included as Exhibits 99.1 and 99.2 to this Form 8-K, respectively, and are incorporated by reference into this Item 5.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(c) Exhibits

     
Exhibit No.   Description
 
99.1   Yardville National Bancorp Press Release dated September 4, 2003
     
99.2   Yardville National Bancorp Press Release dated September 11, 2003

Signatures

     Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

         
    YARDVILLE NATIONAL BANCORP
         
Date: September 12, 2003   By:   Stephen F. Carman
       
        Stephen F. Carman
Vice President and Treasurer

 

 

Index to Exhibits

     
Exhibit No.   Description
 
99.1   Yardville National Bancorp Press Release dated September 4, 2003
     
99.2   Yardville National Bancorp Press Release dated September 11, 2003

  EX-99.1 3 w89892exv99w1.htm PRESS RELEASE DATED SEPTEMBER 4, 2003 exv99w1

 

Exhibit 99.1

Yardville National Bank in Agreement to Purchase Lawrenceville Branch of First Savings Bank

HAMILTON, N.J., Sept. 4 /PRNewswire-FirstCall/ — Yardville National Bancorp (Nasdaq: YANB), announced today that its subsidiary, The Yardville National Bank, has agreed to acquire the Lawrenceville branch of First Savings Bank, a subsidiary of First Sentinel Bancorp, Inc. (Nasdaq: FSLA) for an undisclosed consideration.

The transaction is expected to add approximately $40 million to YNB’s deposit base of over $1.4 billion and will bring YNB’s branch total to 21. Under the terms of the agreement, YNB will pay a deposit premium of 5.0%. The completion of the transaction is subject to regulatory approval and is expected to close in the fourth quarter of 2003.

“We are very pleased to add this branch to our expanding franchise,” said YNB President and Chief Executive Officer Patrick M. Ryan. “It will help us to continue to fill in our strong and growing retail network in Mercer County.”

With $2.35 billion in assets as of June 30, 2003, YNB serves individuals and businesses in the dynamic New York City-Philadelphia corridor through a network of twenty branches in Mercer, Hunterdon, Burlington, Middlesex and Somerset Counties in New Jersey and Bucks County in Pennsylvania. Headquartered in Mercer County for 78 years, YNB offers a broad range of lending, deposit and other financial products and services with an emphasis on commercial real estate and commercial and industrial lending.

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.

L.G. Zangani, LLC provides financial public relations service to the Company. As such, L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and/or other services performed for the Company. This remuneration may take the form of cash, capital stock in the Company, or warrants and/or options to purchase stock in the Company.

  EX-99.2 4 w89892exv99w2.htm PRESS RELEASE DATED SEPTEMBER 11, 2003 exv99w2

 

Exhibit 99.2

YNB Adds Experienced Pennsylvania Bankers

HAMILTON, N.J., Sept. 11 /PRNewswire-FirstCall/ — Yardville National Bancorp (Nasdaq: YANB), Following its ongoing expansion into Hunterdon, Middlesex, and Somerset Counties in New Jersey over the past two years, YNB is now looking west toward Pennsylvania. Patrick M. Ryan, President and CEO of the Mercer-based bank holding company, announced today that YNB has hired two experienced area bankers to grow the organization’s banking franchise in Bucks County, Pennsylvania.

John D. Harding, most recently chairman, president, and CEO of First County Bank in Bucks, and a former senior executive of Corestates and Independence Bancorp (the holding company for Bucks County and Cheltenham Banks), has joined YNB as President of the bank’s Bucks County division. Harding is charged with enlarging YNB’s presence in Eastern Pennsylvania and making YNB a “major player” in the Bucks County area.

“We are extremely pleased to have John join our organization,” said YNB President and CEO Patrick M. Ryan. “He is a life-long community banker in the Pennsylvania market, and we believe his thorough knowledge of the area will further enhance YNB’s franchise.”

“I am very excited at the prospects for YNB in Pennsylvania,” Mr. Harding added, “and look forward to building YNB’s business in Bucks County and the surrounding areas.”

Also joining YNB at the same time as a senior vice president is Joseph M. Donnelly, another First County Bank of Bucks alumnus. Donnelly and Harding have worked together for over twenty years at both First County and at Bucks County Bank. The two men will form the nucleus of what will be a strong YNB banking team expanding throughout Bucks County.

YNB currently has twenty offices in Mercer, Burlington, Hunterdon, Middlesex, and Somerset Counties in New Jersey, and Bucks County in Pennsylvania, and recently announced the acquisition of another branch in Mercer expected to be completed by year end. At June 30, 2003, YNB had $2.35 billion in assets. Located in the corridor between New York City and Philadelphia, YNB offers a broad range of lending, deposit, and other financial products and services, serving individuals and businesses with an emphasis on commercial real estate and commercial and industrial lending.

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.

 

 

L.G. Zangani, LLC provides financial public relations service to the Company. As such, L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and/or other services performed for the Company. This remuneration may take the form of cash, capital stock in the Company, or warrants and/or options to purchase stock in the Company.

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