Exhibit 99.1

For Release: IMMEDIATELY

Contact:	Stephen F. Carman, VP/Treasurer	(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
	Investor Relations on YNB’s website:	www.ynb.com

YNB REPORTS RECORD SECOND QUARTER EARNINGS

Hamilton, N.J., July 20, 2005 — Yardville National Bancorp (NASDAQ:YANB) today announced double-digit percentage increases in key performance indicators, led by a 26.3 percent increase in second quarter 2005 net income over the same period in 2004. For the quarter ended June 30, 2005, YNB’s net income was $5.6 million, compared with $4.5 million earned in the second quarter of last year. Earnings per share also increased to $0.51 per diluted share, up 24.4 percent over the $0.41 per diluted share reported in the second quarter of 2004.

For the six months ended June 30, 2005, YNB’s net income increased 34.9 percent to $11.2 million from the $8.3 million earned in the same period a year ago. Diluted earnings per share increased 32.5 percent to $1.02 from the $0.77 reported in the prior year’s first half. The ongoing improvement in YNB’s financial performance for the comparable periods is primarily attributable to higher net interest income, partially offset by an increase in non-interest expense.

Loan growth continued, with loans increasing 16.4 percent to $1.90 billion at June 30, 2005 compared to $1.63 billion at June 30, 2004. “We are seeing increased competition for commercial loan business, which is resulting in a slower growth trend,” noted YNB President and Chief Executive Officer Patrick M. Ryan. “As pricing pressure comes into play, we continue to benefit from our established loan relationships, allowing us to maintain our profitability on mutually agreeable terms,” he added.

YNB has also continued to maintain sound overall credit quality. Nonperforming assets decreased to $7.9 million or 0.27 percent of total assets at June 30, 2005, compared to $11.8 million or 0.45 percent of total assets at June 30, 2004. Nonperforming assets totaled $10.0 million at December 31, 2004. At June 30, 2005, YNB’s allowance for loan losses totaled $21.7 million, or 1.15 percent of total loans, covering 274.35 percent of total nonperforming loans. As another indicator of loan quality, YNB’s net loan chargeoffs dropped in the first half of 2005 to $2.0 million compared to $3.2 million in net chargeoffs recorded for the same period of 2004.

For the three months ended June 30, 2005, YNB’s tax equivalent net interest margin improved to 3.07 percent, compared to 2.76 percent for the same period in 2004. “We have had success in achieving our goal of moving YNB’s net interest margin above 3.00 percent. However, several factors could limit further improvement in the net interest margin for the remainder of the year,” Mr. Ryan noted. “These include the impact of increased competition for loans and deposits and the flattening of the yield curve, which affects commercial loan pricing, as well as investment portfolio yields,” he explained.

YNB’s aggressive consumer deposit campaign was a major factor in deposit growth, as deposits rose 13.0 percent to $1.91 billion at June 30, 2005 from $1.69 billion at the same date in 2004. Contributing to this increase were deposits from customers attracted to YNB’s popular new “Simply Better” checking and savings relationship products as well as promotional CD rates.

New branch offices also played a role in the company’s deposit growth. YNB’s Mountain View branch in Ewing Township that opened in December and the expanded, modernized Stelton Road branch in Piscataway have already been positive factors in deposit growth. The newly-opened branch at Pennington Point West, in Northern Mercer County, should contribute going forward as well. In addition, YNB has already announced plans to open several more branches before the end of 2005, with openings planned in the fall for a North Olden Avenue location in Ewing and a branch at the Avalon Run development in Lawrence. YNB’s second Pennsylvania branch, in Morrisville, Bucks County, is scheduled to open in November.

“These new branches and product introductions help us to execute our retail banking strategy,” said YNB’s Senior Executive Vice President and Chief Operating Officer F. Kevin Tylus. “Expansion of the YNB footprint should continue into 2006, as we finalize plans for additional branches in existing and contiguous markets,” he went on.

YNB’s Executive Vice President and Chief Financial Officer Stephen F. Carman provided guidance on the company’s second half prospects. “We believe we are on track to achieve our net income goal for 2005 and are monitoring several factors that could influence these results,” he stated. “In order to reach our income target, we must accomplish loan growth of 10 to 15 percent for the year, modestly improve on our second quarter net interest margin, and experience continued sound credit quality,” he explained. “We also expect our efficiency ratio, which was 54.5 percent for the six month period ended June 30, 2005, to finish the year within our previously stated guidance,” he concluded.

YNB’s capital structure to support future growth remains solid. At June 30, 2005, YNB’s Tier 1 and risk-based capital ratios exceeded those required by regulatory guidelines to be considered well-capitalized. Shareholders were also well-rewarded, as YNB paid a cash dividend for the 46^th consecutive quarter.

As of June 30, 2005, YNB had $2.93 billion in assets, with twenty-four branches serving individuals and businesses in Mercer, Hunterdon, Somerset, Burlington and Middlesex Counties in New Jersey, and Bucks County, Pennsylvania, and 7 day a week, twenty-four hour a day banking at www.ynbonline.com. Located in the 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, 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						Six Months Ended
	June 30,						June 30,
(in thousands, except per share amounts)	2005			2004			2005			2004
Stock Information:
Weighted average shares outstanding:
Basic		10,552			10,444			10,535			10,435
Diluted		11,006			10,803			10,991			10,799
Shares outstanding end of period		10,572			10,478
Earnings per share:
Basic	$	0.53		$	0.43		$	1.07		$	0.80
Diluted		0.51			0.41			1.02			0.77
Dividends paid per share		0.115			0.115			0.23			0.23
Book value per share		16.14			13.48
Tangible book value per share		15.98			13.29
Closing price per share		35.75			24.95
Closing price to tangible book value		223.72	%		187.74	%
Key Ratios:
Return on average assets		0.79	%		0.68	%		0.80	%		0.65	%
Return on average stockholders’ equity		13.61			12.48			13.82			11.46
Net interest margin		3.00			2.70			2.97			2.66
Net interest margin (tax equivalent) (1)		3.07			2.76			3.04			2.72
Efficiency ratio		54.03			56.64			54.48			56.71
Equity-to-assets at period end		5.82			5.30
Tier 1 leverage ratio (2)		7.98			7.83
Asset Quality Data:
Net loan charge-offs	$	1,606		$	1,593		$	1,996		$	3,176
Nonperforming assets as a percentage of total assets		0.27	%		0.45	%
Allowance for loan losses at period end as a percent of:
Total loans		1.15			1.14
Nonperforming loans		274.35			156.81
Nonperforming assets at period end:
Nonperforming loans	$	7,917		$	11,826
Other real estate		—			—
Total nonperforming assets	$	7,917		$	11,826

(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 $491,000 and $392,000 for the three months and $959,000 and $802,000 for the six month periods ended June 30, 2005 and 2004, respectively.

(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				Six Months Ended
	June 30,				June 30,
(in thousands, except per share amounts)	2005		2004		2005		2004
INTEREST INCOME:
Interest and fees on loans	$	31,117	$	24,149	$	59,919	$	47,248
Interest on deposits with banks		194		59		351		110
Interest on securities available for sale		9,154		8,631		18,170		16,796
Interest on investment securities:
Taxable		30		32		56		75
Exempt from Federal income tax		919		786		1,804		1,564
Interest on Federal funds sold		155		44		302		126
Total Interest Income		41,569		33,701		80,602		65,919
INTEREST EXPENSE:
Interest on savings account deposits		4,995		2,984		9,450		5,552
Interest on certificates of deposit of $100,000 or more		1,400		983		2,593		1,957
Interest on other time deposits		3,692		3,047		6,886		6,293
Interest on borrowed funds		9,600		8,879		18,820		17,753
Interest on subordinated debentures		1,156		840		2,263		1,650
Total Interest Expense		20,843		16,733		40,012		33,205
Net Interest Income		20,726		16,968		40,590		32,714
Less provision for loan losses		2,100		1,975		3,600		4,425
Net Interest Income After Provision for Loan Losses		18,626		14,993		36,990		28,289
NON-INTEREST INCOME:
Service charges on deposit accounts		687		787		1,348		1,650
Securities gains, net		283		—		476		586
Income on bank owned life insurance		361		491		804		977
Other non-interest income		596		438		1,016		877
Total Non-Interest Income		1,927		1,716		3,644		4,090
NON-INTEREST EXPENSE:
Salaries and employee benefits		7,034		5,643		13,863		11,475
Occupancy expense, net		1,186		1,077		2,375		2,167
Equipment expense		757		816		1,533		1,610
Other non-interest expense		3,263		3,047		6,327		5,618
Total Non-Interest Expense		12,240		10,583		24,098		20,870
Income before income tax expense		8,313		6,126		16,536		11,509
Income tax expense		2,677		1,664		5,287		3,169
Net Income	$	5,636	$	4,462	$	11,249	$	8,340
EARNINGS PER SHARE:
Basic	$	0.53	$	0.43	$	1.07	$	0.80
Diluted		0.51		0.41		1.02		0.77
Weighted average shares outstanding:
Basic		10,552		10,444		10,535		10,435
Diluted		11,006		10,803		10,991		10,799

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

	June 30,						Dec. 31,
(in thousands)	2005			2004			2004
Assets:
Cash and due from banks	$	33,334		$	32,629		$	32,115
Federal funds sold		75,670			20,845			6,769
Cash and Cash Equivalents		109,004			53,474			38,884
Interest bearing deposits with banks		23,204			14,798			41,297
Securities available for sale		751,536			817,406			802,525
Investment securities		83,588			69,876			78,257
Loans		1,895,917			1,628,576			1,782,592
Less: Allowance for loan losses		(21,720	)		(18,544	)		(20,116	)
Loans, net		1,874,197			1,610,032			1,762,476
Bank premises and equipment, net		10,318			10,898			10,431
Bank owned life insurance		45,306			43,768			44,501
Other assets		33,260			37,152			27,546
Total Assets	$	2,930,413		$	2,657,404		$	2,805,917
Liabilities and Stockholders’ Equity:
Deposits
Non-interest bearing	$	218,042		$	199,485		$	202,196
Interest bearing		1,694,921			1,493,903			1,607,808
Total Deposits		1,912,963			1,693,388			1,810,004
Borrowed funds
Securities sold under agreements to repurchase		10,000			10,000			10,000
Federal Home Loan Bank advances		750,000			726,000			742,000
Subordinated debentures		62,892			62,892			62,892
Obligation for Employee Stock Ownership Plan (ESOP)		189			566			377
Other		1,311			369			753
Total Borrowed Funds		824,392			799,827			816,022
Other liabilities		22,390			23,247			19,733
Total Liabilities	$	2,759,745		$	2,516,462		$	2,645,759
Stockholders’ equity:
Common stock: no par value		93,078			90,831			91,658
Surplus		2,205			2,205			2,205
Undivided profits		78,686			62,088			69,860
Treasury stock, at cost		(3,160	)		(3,160	)		(3,160	)
Unallocated ESOP shares		(189	)		(566	)		(377	)
Accumulated other comprehensive income (loss)		48			(10,456	)		(28	)
Total Stockholders’ Equity		170,668			140,942			160,158
Total Liabilities and Stockholders’ Equity	$	2,930,413		$	2,657,404		$	2,805,917

Financial Summary
Average Balances, Yields and Costs
(Unaudited)

	Three Months Ended								Three Months Ended
	June 30, 2005								June 30, 2004
						Average								Average
	Average					Yield /			Average					Yield /
(in thousands)	Balance			Interest		Cost			Balance			Interest		Cost
INTEREST EARNING ASSETS:
Interest bearing deposits with banks	$	25,177		$	194		3.08	%	$	25,230		$	59		0.94	%
Federal funds sold		21,067			155		2.94			18,146			44		0.97
Securities		857,958			10,103		4.71			879,623			9,449		4.30
Loans (1)		1,859,969			31,117		6.69			1,594,495			24,149		6.06
Total interest earning assets	$	2,764,171		$	41,569		6.02	%	$	2,517,494		$	33,701		5.35	%
NON-INTEREST EARNING ASSETS:
Cash and due from banks	$	31,868							$	28,847
Allowance for loan losses		(21,274	)							(18,488	)
Premises and equipment, net		10,401								11,244
Other assets		76,715								78,071
Total non-interest earning assets		97,710								99,674
Total assets	$	2,861,881							$	2,617,168
INTEREST BEARING LIABILITIES:
Deposits:
Savings, money markets, and interest bearing demand	$	987,686		$	4,995		2.02	%	$	870,158		$	2,984		1.37	%
Certificates of deposit of $100,000 or more		180,410			1,400		3.10			157,867			983		2.49
Other time deposits		479,910			3,692		3.08			453,126			3,047		2.69
Total interest bearing deposits		1,648,006			10,087		2.45			1,481,151			7,014		1.89
Borrowed funds		756,815			9,600		5.07			737,275			8,879		4.82
Subordinated debentures		62,892			1,156		7.35			49,662			840		6.77
Total interest bearing liabilities	$	2,467,713		$	20,843		3.38	%	$	2,268,088		$	16,733		2.95	%
NON-INTEREST BEARING LIABILITIES:
Demand deposits	$	205,839							$	182,637
Other liabilities		22,644								23,387
Stockholders’ equity		165,685								143,056
Total non-interest bearing liabilities and stockholders’ equity	$	394,168							$	349,080
Total liabilities and stockholders’ equity	$	2,861,881							$	2,617,168
Interest rate spread (2)							2.64	%							2.40	%
Net interest income and margin (3)				$	20,726		3.00	%				$	16,968		2.70	%
Net interest income and margin (tax equivalent basis)(4)				$	21,217		3.07	%				$	17,360		2.76	%

(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 $491,000 and $392,000 for the three month periods ended June 30, 2005 and 2004, respectively.

Financial Summary
Average Balances, Yields and Costs
(Unaudited)

	Six Months Ended								Six Months Ended
	June 30, 2005								June 30, 2004
						Average								Average
	Average					Yield /			Average					Yield /
(in thousands)	Balance			Interest		Cost			Balance			Interest		Cost
INTEREST EARNING ASSETS:
Interest bearing deposits with banks	$	25,304		$	351		2.77	%	$	22,772		$	110		0.97	%
Federal funds sold		22,612			302		2.67			25,814			126		0.98
Securities		854,363			20,030		4.69			863,642			18,435		4.27
Loans (1)		1,829,458			59,919		6.55			1,548,310			47,248		6.10
Total interest earning assets	$	2,731,737		$	80,602		5.90	%	$	2,460,538		$	65,919		5.36	%
NON-INTEREST EARNING ASSETS:
Cash and due from banks	$	31,378							$	27,582
Allowance for loan losses		(20,925	)							(18,072	)
Premises and equipment, net		10,417								11,747
Other assets		76,130								73,190
Total non-interest earning assets		97,000								94,447
Total assets	$	2,828,737							$	2,554,985
INTEREST BEARING LIABILITIES:
Deposits:
Savings, money markets, and interest bearing demand	$	982,877		$	9,450		1.92	%	$	821,177		$	5,552		1.35	%
Certificates of deposit of $100,000 or more		174,735			2,593		2.97			154,604			1,957		2.53
Other time deposits		474,814			6,886		2.90			453,925			6,293		2.77
Total interest bearing deposits		1,632,426			18,929		2.32			1,429,706			13,802		1.93
Borrowed funds		745,537			18,820		5.05			737,450			17,753		4.81
Subordinated debentures		62,892			2,263		7.20			48,545			1,650		6.80
Total interest bearing liabilities	$	2,440,855		$	40,012		3.28	%	$	2,215,701		$	33,205		3.00	%
NON-INTEREST BEARING LIABILITIES:
Demand deposits	$	202,412							$	172,851
Other liabilities		22,725								20,890
Stockholders’ equity		162,745								145,543
Total non-interest bearing liabilities and stockholders’ equity	$	387,882							$	339,284
Total liabilities and stockholders’ equity	$	2,828,737							$	2,554,985
Interest rate spread (2)							2.62	%							2.36	%
Net interest income and margin (3)				$	40,590		2.97	%				$	32,714		2.66	%
Net interest income and margin (tax equivalent basis)(4)				$	41,549		3.04	%				$	33,516		2.72	%

(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 $959,000 and $802,000 for the six month periods ended June 30, 2005 and 2004, respectively.