Exhibit 99.1

For Release:  IMMEDIATELY

Contact:	Stephen F. Carman, EVP (609) 631-6222 or carmans@yanb.com
	Patrick M. Ryan, President and CEO (609) 631-6177
	Leonardo G. Zangani (908) 788-9660 or office@zangani.com

YARDVILLE NATIONAL BANCORP ANNOUNCES FOURTH QUARTER
AND 2004 RESULTS

Hamilton, N.J.— February 3, 2005— Yardville National Bancorp (Nasdaq: YANB) finished the year on a high note, today announcing substantially improved earnings for the fourth quarter and full year of 2004. For the quarter ended December 31, 2004, YNB’s net income increased to $4.7 million from the $199,000 reported in the fourth quarter last year, while earnings per share on a diluted basis increased to $0.43 compared to $0.02 for the three months ended December 31, 2003.

“The big differences in the fourth quarter of 2004 were a significantly reduced level of loan charge offs resulting in a lower provision for loan losses, coupled with a 31.6 percent increase in net interest income,” explained YNB President and CEO Patrick M. Ryan.

For the full year, net income increased $8.2 million to $18.5 million, a 79.7 percent gain from the $10.3 million reported in 2003. Diluted earnings per share for the year increased 76.3 percent to $1.71 in 2004 from $0.97 in the prior year. YNB also experienced net interest income growth of $17.5 million or 33.0 percent in 2004, primarily due to continued strong growth in commercial lending combined with a lower cost of funds as a result of the company’s retail strategy. Partially offsetting the improvement in net interest income was a $4.5 million increase in non-interest expense in addition to an increase of $4.5 million in income tax expense due to notably better financial performance.

“We are very gratified with our performance for 2004,” added Mr. Ryan. “We have grown the company in all aspects, and we look to continue our positive trends in 2005, the 80th anniversary of our founding and our tenth year as a publicly-traded company.”

As noted above, YNB maintained its outstanding growth trend in both loans and deposits for the year ended December 31, 2004. Total loans, led by commercial loans, increased 23.5 percent to $1.78 billion compared with $1.44 billion at the end of 2003. Nonperforming assets totaled $10.0 million, or 0.36 percent of total assets at December 31, 2004, compared to $10.6 million, or 0.44 percent of total assets at the same date in 2003. The allowance for loan losses at December 31, 2004 totaled $20.1 million, or 1.13 percent of total loans, covering 201.0 percent of total nonperforming loans.

Total deposits at December 31, 2004, led by successful new products such as Simply Better Checking(SM) and YNB’s extensive array of Business Checking accounts, and assisted by YNB’s extensive marketing campaign, increased to $1.81 billion from $1.48 billion a year ago.

“We have said repeatedly that managing our cost of funds is a critical element in our success, and we have taken steps to address this issue,” Mr. Ryan continued. “Now we must be equally determined to control the increase in non-interest expenses as we grow.”

YNB’s non-interest expenses for 2004 grew 11.8 percent, as implementation of the new Sarbanes-Oxley corporate governance regulations and other legal requirements made significant demands of bank personnel and time. The required hiring of new staff and consultants to meet this demand as well as additional professional fees also had a direct effect on non-interest expenses.

The rise in non-interest expenses is also due, in part, to the ongoing implementation of our retail strategy, which will ultimately help us continue to manage our cost of funds and enhance the value of our franchise,” Mr. Ryan explained. “Quality people are an essential element in our growth plans, and we must do what is necessary to attract and retain them. The solution is to further improve our net interest margin in order to absorb these costs and continue to grow,” he said. “Opening new branches in 2005 will assist us in achieving that objective.”

“We remain focused on expanding and enhancing our franchise to position YNB for the future,” added YNB Senior Executive Vice President and Chief Operating Officer F. Kevin Tylus. “Our ‘Banking on a More Personal Level,’ advertising campaign, introduction of improved products and services such as Simply Better Savings(SM), and the planned addition of several branches in the coming year should all contribute to our ongoing growth,” Mr. Tylus concluded.

YNB also maintained its solid capital foundation in 2004, as all capital ratios exceeded those required by regulatory authorities to be considered well-capitalized. Shareholders continued to be rewarded in the year just concluded, as YNB paid cash dividends totaling $0.46 in 2004.

“We are upbeat about our prospects for continued success in 2005,” said Stephen F. Carman, YNB Executive Vice President and Chief Financial Officer, “and expect double digit percentage growth in both net income and earnings per share this coming year. The critical assumptions underlying our financial models are a gradually increasing interest rate environment, continued strong commercial loan growth, a modestly higher cost of funds and stable nonperforming asset levels,” he explained.

“Based on current internal financial models, we are projecting loan growth of 15 to 20 percent and that our net interest margin should reach 3.20 percent by year-end 2005,” he observed. “Projected core deposit growth will also play an important role in anticipated margin improvement. Net income is projected to increase by 25 to 30 percent based on our year-end 2004 earnings of $18.5 million,” Mr. Carman added. “With our continued retail expansion, we expect that there could be upward pressure on our efficiency ratio. However, we are anticipating our efficiency ratio to be between 55 and 60 percent for 2005,” he concluded.

With $2.81 billion in assets as of December 31, 2004, YNB serves individuals and small-to mid-sized businesses in the dynamic New York City- Philadelphia corridor through a network of 23 branches in Mercer, Hunterdon, Somerset, Middlesex and Burlington counties in New Jersey and Bucks County in Pennsylvania. Headquartered in Mercer County, YNB emphasizes commercial lending and 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, 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						Twelve Months Ended
	December 31,						December 31,
(in thousands, except per share amounts)		2004			2003			2004			2003
Stock Information:
Weighted average shares outstanding:
Basic		10,483			10,395			10,455			10,391
Diluted		10,952			10,748			10,861			10,651
Shares outstanding end of period		10,511			10,439
Earnings per share:
Basic	$	0.45		$	0.02		$	1.77		$	0.99
Diluted		0.43			0.02			1.71			0.97
Dividends paid per share		0.115			0.115			0.46			0.46
Book value per share		15.27			13.80
Tangible book value per share		15.09			13.61
Closing price per share		34.26			25.74
Closing price to tangible book value		227.04	%		189.13	%
Key Ratios:
Return on average assets		0.68	%		0.03	%		0.70	%		0.44	%
Return on average stockholders’ equity		12.00			0.55			12.38			7.09
Net interest margin (tax equivalent) (1)		2.97			2.60			2.83			2.42
Equity-to-assets at period end		5.71			5.90
Tier 1 leverage ratio (2)		7.99			8.03
Asset Quality Data:
Net loan charge-offs	$	2,265		$	6,875		$	6,804		$	8,886
Nonperforming assets as a percentage of total assets		0.36	%		0.44	%
Allowance for loan losses at period end as a percent of:
Total loans		1.13			1.20
Nonperforming loans		201.00			162.55
Nonperforming assets at period end:
Nonperforming loans	$	10,008		$	10,640
Other real estate		—			—
Total nonperforming assets	$	10,008		$	10,640

(1)	Tax equivalent net interest margin includes an adjustment to present income and yields on tax exempt earning assets on a comparable basis to those of taxable earning assets.
(2)	Tier 1 leverage ratio is Tier 1 capital to adjusted average assets.

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

	Three Months Ended					Twelve Months Ended
	December 31,					December 31,
(in thousands, except per share amounts)		2004		2003			2004		2003
INTEREST INCOME:
Interest and fees on loans	$	27,504	$	22,623		$	100,506	$	85,529
Interest on deposits with banks		166		32			371		121
Interest on securities available for sale		9,224		7,981			35,282		32,308
Interest on investment securities:
Taxable		33		42			137		192
Exempt from Federal income tax		851		748			3,221		2,796
Interest on Federal funds sold		119		59			347		523
Total Interest Income		37,897		31,485			139,864		121,469
INTEREST EXPENSE:
Interest on savings account deposits		3,875		2,589			12,929		10,834
Interest on certificates of deposit of $100,000 or more		1,145		924			4,165		4,014
Interest on other time deposits		3,097		3,405			12,269		14,521
Interest on borrowed funds		9,237		8,944			36,071		35,799
Interest on subordinated debentures		1,057		814			3,711		3,121
Total Interest Expense		18,411		16,676			69,145		68,289
Net Interest Income		19,486		14,809			70,719		53,180
Less provision for loan losses		2,800		6,135			9,625		9,360
Net Interest Income After Provision for Loan Losses		16,686		8,674			61,094		43,820
NON-INTEREST INCOME:
Service charges on deposit accounts		734		677			3,134		2,388
Securities gains, net		93		249			1,297		1,513
Income on bank owned life insurance		309		482			1,766		2,036
Other non-interest income		457		472			1,782		2,157
Total Non-Interest Income		1,593		1,880			7,979		8,094
NON-INTEREST EXPENSE:
Salaries and employee benefits		5,832		5,610			23,476		21,433
Occupancy expense, net		1,044		1,004			4,283		3,934
Equipment expense		764		807			3,123		2,955
Other non-interest expense		3,517		3,277			11,767		9,837
Total Non-Interest Expense		11,157		10,698			42,649		38,159
Income before income tax expense		7,122		(144	)		26,424		13,755
Income tax expense		2,386		(343	)		7,899		3,446
Net Income	$	4,736	$	199		$	18,525	$	10,309
EARNINGS PER SHARE:
Basic	$	0.45	$	0.02		$	1.77	$	0.99
Diluted		0.43		0.02			1.71		0.97
Weighted average shares outstanding:
Basic		10,483		10,395			10,455		10,391
Diluted		10,952		10,748			10,861		10,651

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

	December 31,
(in thousands)	2004			2003
Assets:
Cash and due from banks	$	32,115		$	25,785
Federal funds sold		6,769			7,370
Cash and Cash Equivalents		38,884			33,155
Interest bearing deposits with banks		41,297			20,552
Securities available for sale		802,525			798,007
Investment securities		78,257			68,686
Loans		1,782,592			1,443,355
Less: Allowance for loan losses		(20,116	)		(17,295	)
Loans, net		1,762,476			1,426,060
Bank premises and equipment, net		10,431			12,307
Bank owned life insurance		44,501			42,816
Other assets		27,546			29,610
Total Assets	$	2,805,917		$	2,431,193
Liabilities and Stockholders’ Equity:
Deposits
Non-interest bearing	$	202,196		$	163,812
Interest bearing		1,607,808			1,319,997
Total Deposits		1,810,004			1,483,809
Borrowed funds
Securities sold under agreements to repurchase		10,000			10,000
Federal Home Loan Bank advances		742,000			726,000
Subordinated debentures		62,892			47,428
Obligation for Employee Stock Ownership Plan (ESOP)		377			755
Other		753			1,325
Total Borrowed Funds		816,022			785,508
Other liabilities		19,733			18,319
Total Liabilities	$	2,645,759		$	2,287,636
Stockholders’ equity:
Common stock: no par value		91,658			90,079
Surplus		2,205			2,205
Undivided profits		69,860			56,152
Treasury stock, at cost		(3,160	)		(3,160	)
Unallocated ESOP shares		(377	)		(755	)
Accumulated other comprehensive loss		(28	)		(964	)
Total Stockholders’ Equity		160,158			143,557
Total Liabilities and Stockholders’ Equity	$	2,805,917		$	2,431,193

Financial Summary
Average Balances, Yields and Costs
(Unaudited)

	Three Months Ended								Three Months Ended
	December 31, 2004								December 31, 2003
						Average								Average
	Average					Yield /			Average					Yield /
(in thousands)	Balance			Interest		Cost			Balance			Interest		Cost
INTEREST EARNING ASSETS:
Interest bearing deposits with banks	$	31,566		$	166		2.10	%	$	12,535		$	32		1.02	%
Federal funds sold		23,868			119		1.99			24,413			59		0.97
Securities		892,738			10,108		4.53			859,761			8,771		4.08
Loans (1)		1,736,965			27,504		6.33			1,434,531			22,623		6.31
Total interest earning assets	$	2,685,137		$	37,897		5.65	%	$	2,331,240		$	31,485		5.40	%
NON-INTEREST EARNING ASSETS:
Cash and due from banks	$	31,662							$	26,656
Allowance for loan losses		(19,881	)							(17,231	)
Premises and equipment, net		10,496								11,967
Other assets		73,068								69,892
Total non-interest earning assets		95,345								91,284
Total assets	$	2,780,482							$	2,422,524
INTEREST BEARING LIABILITIES:
Deposits:
Savings, money markets, and interest bearing demand	$	950,890		$	3,875		1.63	%	$	736,706		$	2,589		1.41	%
Certificates of deposit of $100,000 or more		170,617			1,145		2.68			131,367			924		2.81
Other time deposits		473,988			3,097		2.61			449,885			3,405		3.03
Total interest bearing deposits		1,595,495			8,117		2.03			1,317,958			6,918		2.10
Borrowed funds		737,122			9,237		5.01			737,558			8,944		4.85
Subordinated debentures		62,892			1,057		6.72			47,428			814		6.87
Total interest bearing liabilities	$	2,395,509		$	18,411		3.07	%	$	2,102,944		$	16,676		3.17	%
NON-INTEREST BEARING LIABILITIES:
Demand deposits	$	202,110							$	155,561
Other liabilities		24,936								18,458
Stockholders’ equity		157,927								145,561
Total non-interest bearing liabilities and stockholders’ equity	$	384,973							$	319,580
Total liabilities and stockholders’ equity	$	2,780,482							$	2,422,524
Interest rate spread (2)							2.58	%							2.23	%
Net interest income and margin (3)				$	19,486		2.90	%				$	14,809		2.54	%
Net interest income and margin (tax equivalent basis)(4)				$	19,909		2.97	%				$	15,153		2.60	%

(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% in 2004 and 34% in 2003 and has the the effect of increasing interest income by $423,000 and $344,000 for the three month periods ended December 31, 2004 and 2003, respectively.

Financial Summary
Average Balances, Yields and Costs
(Unaudited)

	Twelve Months Ended								Twelve Months Ended
	December 31, 2004								December 31, 2003
						Average								Average
	Average					Yield /			Average					Yield /
(in thousands)	Balance			Interest		Cost			Balance			Interest		Cost
INTEREST EARNING ASSETS:
Interest bearing deposits with banks	$	25,545		$	371		1.45	%	$	10,383		$	121		1.17	%
Federal funds sold		26,198			347		1.32			48,102			523		1.09
Securities		879,794			38,640		4.39			878,698			35,296		4.02
Loans (1)		1,626,477			100,506		6.18			1,323,243			85,529		6.46
Total interest earning assets	$	2,558,014		$	139,864		5.47	%	$	2,260,426		$	121,469		5.37	%
NON-INTEREST EARNING ASSETS:
Cash and due from banks	$	29,026							$	25,428
Allowance for loan losses		(18,805	)							(17,060	)
Premises and equipment, net		11,200								12,085
Other assets		73,045								67,005
Total non-interest earning assets		94,466								87,458
Total assets	$	2,652,480							$	2,347,884
INTEREST BEARING LIABILITIES:
Deposits:
Savings, money markets, and interest bearing demand	$	880,130		$	12,929		1.47	%	$	662,262		$	10,834		1.64	%
Certificates of deposit of $100,000 or more		161,065			4,165		2.59			137,168			4,014		2.93
Other time deposits		460,694			12,269		2.66			457,717			14,521		3.17
Total interest bearing deposits		1,501,889			29,363		1.96			1,257,147			29,369		2.34
Borrowed funds		738,110			36,071		4.89			742,877			35,799		4.82
Subordinated debentures		55,718			3,711		6.66			40,395			3,121		7.73
Total interest bearing liabilities	$	2,295,717		$	69,145		3.01	%	$	2,040,419		$	68,289		3.35	%
NON-INTEREST BEARING LIABILITIES:
Demand deposits	$	185,443							$	139,332
Other liabilities		21,679								22,728
Stockholders’ equity		149,641								145,405
Total non-interest bearing liabilities and stockholders’ equity	$	356,763							$	307,465
Total liabilities and stockholders’ equity	$	2,652,480							$	2,347,884
Interest rate spread (2)							2.46	%							2.02	%
Net interest income and margin (3)				$	70,719		2.76	%				$	53,180		2.35	%
Net interest income and margin (tax equivalent basis)(4)				$	72,397		2.83	%				$	54,599		2.42	%

(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% in 2004 and 34% in 2003 and has the the effect of increasing interest income by $1,678,000 and $1,419,000 for the twelve month periods ended December 31, 2004 and 2003, respectively.