DFAN14A 1 yn60699.txt SCHEDULE 14A (Rule 14A-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14 (a) of the Securities Exchange Act of 1934 (Amendment No.4) Filed by the Registrant [ ] Filed by a Party other than the Registrant [x] Check the appropriate box: Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e) (2) [ ] Definitive Proxy Statement [ ] Definitive Additional Materials [x] Soliciting Material Pursuant to Rule 14a-11 (c) or Rule 14a-12 YARDVILLE NATIONAL BANCORP -------------------------------------------------------------------------------- (Name of Registrant as Specified In Its Charter) COMMITTEE TO PRESERVE SHAREHOLDER VALUE Seidman and Associates, L.L.C. Seidman Investment Partnership, L.P. Seidman Investment Partnership II, L.P. Broad Park Investors, L.L.C. Federal Holdings, L.L.C. Pollack Investment Partnership, L.P. Lawrence Seidman Dennis Pollack Patrick Robinson Harold Schechter -------------------------------------------------------------------------------- (Name of Person (s) filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [x] No fee required [ ] Fee computed on table below per Exchange Act Rules 14 (a)-6(i) (4) and 0-11. 1) Title of each class of securities to which transaction applies: ----------------------------------------------------------------------- 2) Aggregate number of securities to which transaction applies: ----------------------------------------------------------------------- 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): ----------------------------------------------------------------------- 4) Proposed maximum aggregate value of transaction: ----------------------------------------------------------------------- 5) Total Fee Paid: ----------------------------------------------------------------------- [ ] Fee paid previously with preliminary materials -------------------------------------------------------------------------------- [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a) (2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: ----------------------------------------------------------------------- 2) Form, Schedule or Registration Statement No.: ----------------------------------------------------------------------- 3) Filing Party: ----------------------------------------------------------------------- 4) Date Filed: ----------------------------------------------------------------------- This table compares Yardville National Bancorp (YANB) to 177 public commercial banks with total assets between $1 billion and $5 billion. In each of the categories, YANB is below the group median. For Return on Average Assets in 2005, YANB's 0.72% places it in the 11th percentile within the peer group. For Return on Average Equity in 2005, YANB scores better, but still only places in the 45th percentile. For Net Interest Margin in 2005, YANB's 3.05% is near the bottom of the group, ranking the company in the seventh percentile.
ROAA ROAE NET INTEREST MARGIN 2005 Y 2005 Y 2005 Y COMPANY NAME TICKER (%) (%) (%) ----------------------------------------------------------------- ------ ---------- ---------- -------------------- Yardville National Bancorp YANB 0.72 12.57 3.05 Yardville percentile rank 11 45 7 Median for commercial banks between $1B and $5B in assets 1.14 13.29 4.04 First Oak Brook Bancshares, Inc. FOBB 0.78 12.46 2.56 Century Bancorp, Inc. CNBKA 0.41 6.57 2.58 Intervest Bancshares Corporation IBCA 1.20 16.91 2.70 Signature Bank SBNY 0.42 4.63 2.78 Washington Trust Bancorp, Inc. WASH 0.98 14.80 2.79 Southside Bancshares, Inc. SBSI 0.86 13.88 2.85 Center Bancorp, Inc. CNBC 0.69 8.91 2.89 Cardinal Financial Corporation CFNL 0.74 7.67 2.92 Beverly Hills Bancorp Inc. BHBC 1.08 8.70 2.94 Camco Financial Corporation CAFI 0.82 9.73 3.00 First Charter Corporation FCTR 0.56 7.86 3.05 Great Southern Bancorp, Inc. GSBC 1.14 15.11 3.13 Fidelity Southern Corporation LION 0.79 12.59 3.17 Southern Community Financial Corp. SCMF 0.64 6.03 3.21 1st Source Corporation SRCE 1.00 10.12 3.21 QCR Holdings, Inc. QCRH 0.51 9.14 3.25 EuroBancshares, Inc. EUBK 0.74 10.00 3.26 Peapack-Gladstone Financial Corporation PGC 1.12 13.49 3.27 Harleysville National Corporation HNBC 1.28 14.22 3.27 Peoples Bancorp Inc. PEBO 1.12 11.52 3.28 Horizon Bancorp HBNC 0.71 13.67 3.28 Oriental Financial Group Inc. OFG 1.39 16.22 3.28 Midwest Banc Holdings, Inc. MBHI 0.26 3.54 3.31 Bancorp Rhode Island, Inc. BARI 0.71 9.98 3.35 Cascade Financial Corporation CASB 1.13 13.13 3.35 ITLA Capital Corporation ITLA 0.90 12.12 3.43 Integra Bank Corporation IBNK 0.99 12.62 3.44 WesBanco, Inc. WSBC 0.95 10.13 3.48 First United Corporation FUNC 0.95 13.61 3.49 Sun Bancorp, Inc. SNBC 0.63 6.76 3.50 Exchange National Bancshares, Inc. EXJF 0.91 10.47 3.50 Mercantile Bank Corporation MBWM 1.05 12.05 3.50 Hills Bancorporation HBIA 1.12 14.47 3.51 Summit Financial Group, Inc. SMMF 1.16 15.87 3.51 Pinnacle Financial Partners, Inc. PNFP 0.93 13.23 3.53 Mercantile Bancorp, Inc. MBR 0.88 10.59 3.55
ROAA ROAE NET INTEREST MARGIN 2005 Y 2005 Y 2005 Y COMPANY NAME TICKER (%) (%) (%) ----------------------------------------------------------------- ------ ---------- ---------- -------------------- Yardville National Bancorp YANB 0.72 12.57 3.05 Yardville percentile rank 11 45 7 Median for commercial banks between $1B and $5B in assets 1.14 13.29 4.04 PrivateBancorp, Inc. PVTB 1.12 15.70 3.55 IBERIABANK Corporation IBKC 0.81 8.41 3.56 MBT Financial Corporation MBTF 1.13 11.57 3.57 Baylake Corp. BYLK 0.82 11.51 3.60 U.S.B. Holding Co., Inc. UBH 1.19 17.16 3.60 Citizens & Northern Corporation CZNC 1.13 9.80 3.62 West Bancorporation, Inc. WTBA 1.68 20.00 3.62 First National Community Bancorp, Inc. FNCB 1.18 13.96 3.64 Arrow Financial Corporation AROW 1.28 15.94 3.64 Old Second Bancorp, Inc. OSBC 1.24 19.11 3.64 Financial Institutions, Inc. FISI 0.10 1.22 3.65 Main Street Trust, Inc. MSTI 1.24 13.40 3.67 Republic Bancorp, Inc. RBCAA 1.33 16.56 3.67 Camden National Corporation CAC 1.34 16.99 3.68 Oak Hill Financial, Inc. OAKF 0.96 12.39 3.70 Lakeland Financial Corporation LKFN 1.20 16.59 3.70 Wilson Bank Holding Company WBHC 1.12 12.59 3.71 Merchants and Manufacturers Bancorporation, Inc. MMBI 0.36 5.41 3.72 Farmers Capital Bank Corporation FFKT 1.08 11.74 3.72 First Busey Corporation BUSE 1.28 17.97 3.72 Lakeland Bancorp, Incorporated LBAI 0.94 10.55 3.73 Community Banks, Inc. CMTY 0.96 8.04 3.76 NBC Capital Corporation NBY 0.97 11.79 3.76 Banner Corporation BANR 0.41 5.62 3.79 Commercial Bankshares, Inc. CLBK 1.27 15.53 3.79 Pennsylvania Commerce Bancorp, Inc. COBH 0.61 9.91 3.80 Macatawa Bank Corporation MCBC 1.17 15.30 3.80 Taylor Capital Group, Inc. TAYC 1.05 17.41 3.80 Prosperity Bancshares, Inc. PRSP 1.42 11.56 3.81 Colony Bankcorp, Inc. CBAN 0.87 13.78 3.81 National Penn Bancshares, Inc. NPBC 1.31 13.69 3.82 First National Lincoln Corporation FNLC 1.36 12.98 3.84 First Indiana Corporation FINB 1.32 14.39 3.85 First Mariner Bancorp FMAR 0.59 11.44 3.88 Texas Capital Bancshares, Inc. TCBI 0.97 13.29 3.88 Independent Bank Corp. INDB 1.11 15.10 3.88 Omega Financial Corporation OMEF 1.15 7.13 3.92 First Financial Corporation THFF 1.07 8.52 3.92 FNB Corporation FNBP 1.22 11.35 3.94 First Merchants Corporation FRME 0.95 9.58 3.95 Heartland Financial USA, Inc. HTLF 0.84 12.55 3.95 First Financial Bancorp FFBC 1.00 10.40 3.96 Seacoast Banking Corporation of Florida SBCF 1.07 14.95 3.97 MainSource Financial Group, Inc. MSFG 1.04 11.27 3.99 Northern Empire Bancshares NREB 1.47 17.33 3.99
ROAA ROAE NET INTEREST MARGIN 2005 Y 2005 Y 2005 Y COMPANY NAME TICKER (%) (%) (%) ----------------------------------------------------------------- ------ ---------- ---------- -------------------- Yardville National Bancorp YANB 0.72 12.57 3.05 Yardville percentile rank 11 45 7 Median for commercial banks between $1B and $5B in assets 1.14 13.29 4.04 NBT Bancorp Inc. NBTB 1.21 15.86 4.01 Mechanics Bank MCHB 0.98 10.79 4.03 Community Trust Bancorp, Inc. CTBI 1.22 13.98 4.03 Merchants Bancshares, Inc. MBVT 1.13 18.26 4.03 Royal Bancshares of Pennsylvania, Inc. RBPAA 2.55 22.01 4.03 Chemical Financial Corporation CHFC 1.40 10.72 4.04 Univest Corporation of Pennsylvania UVSP 1.46 14.87 4.04 Southern Bancshares (North Carolina), Inc. SBNC 0.92 9.56 4.05 Renasant Corporation RNST 1.03 10.29 4.05 Interchange Financial Services Corporation IFCJ 1.28 12.38 4.05 S&T Bancorp, Inc. STBA 1.90 16.57 4.05 Glacier Bancorp, Inc. GBCI 1.52 17.61 4.06 Yadkin Valley Bank and Trust Company YAVY 1.14 9.78 4.10 Enterprise Financial Services Corp EFSC 0.98 13.86 4.11 Tompkins Trustco, Inc. TMP 1.36 15.82 4.11 Simmons First National Corporation SFNC 1.08 11.24 4.13 FNB Financial Services Corporation FNBF 0.08 1.09 4.15 FNB Corp. FNBN 1.06 11.25 4.16 State Bancorp, Inc. STBC -2.41 -36.35 4.17 Community Bank System, Inc. CBU 1.19 10.89 4.17 First M & F Corporation FMFC 1.04 10.88 4.18 Bank of the Ozarks, Inc. OZRK 1.65 22.95 4.18 Dacotah Banks, Inc. DBIN 1.06 10.91 4.21 SCBT Financial Corporation SCBT 1.00 13.19 4.23 CoBiz Inc. COBZ 1.10 15.42 4.23 Burke & Herbert Bank & Trust Company BHRB 1.64 16.46 4.24 S.Y. Bancorp, Inc. SYBT 1.70 17.80 4.25 GB&T Bancshares, Inc. GBTB 0.80 6.06 4.26 Canandaigua National Corporation CNND 1.10 15.54 4.28 TowneBank TOWN 1.09 8.72 4.29 Virginia Financial Group, Inc. VFGI 1.23 13.86 4.29 Southwest Bancorp, Inc. OKSB 1.01 13.78 4.30 Virginia Commerce Bancorp, Inc. VCBI 1.45 19.44 4.30 Ameris Bancorp ABCB 1.04 10.87 4.32 Main Street Banks, Inc. MSBK 1.24 10.23 4.33 First Bancorp FBNC 0.94 10.39 4.33 Horizon Financial Corp. HRZB 1.43 12.11 4.34 TIB Financial Corp. TIBB 1.22 16.76 4.38 First Community Bancshares, Inc. FCBC 1.37 13.79 4.39 Sandy Spring Bancorp, Inc. SASR 1.41 16.21 4.39 Firstbank Corporation FBMI 1.15 12.77 4.40 Western Alliance Bancorporation WAL 1.13 14.37 4.40 PAB Bankshares, Inc. PABK 1.31 14.58 4.40 F & M Bancorporation FMBC 1.18 15.98 4.43 Columbia Banking System, Inc. COLB 1.29 13.81 4.44
ROAA ROAE NET INTEREST MARGIN 2005 Y 2005 Y 2005 Y COMPANY NAME TICKER (%) (%) (%) ----------------------------------------------------------------- ------ ---------- ---------- -------------------- Yardville National Bancorp YANB 0.72 12.57 3.05 Yardville percentile rank 11 45 7 Median for commercial banks between $1B and $5B in assets 1.14 13.29 4.04 Security Bank Corporation SBKC 1.31 12.80 4.46 Union Bankshares Corporation UBSH 1.43 14.50 4.46 Vineyard National Bancorp VNBC 1.21 19.60 4.47 First Financial Bankshares, Inc. FFIN 1.80 16.17 4.49 City Holding Company CHCO 2.09 18.98 4.49 FLAG Financial Corporation FLAG 0.99 11.12 4.50 MetroCorp Bancshares, Inc. MCBI 1.12 12.08 4.51 Farmers & Merchants Bank of Long Beach FMBL 1.84 9.56 4.54 Preferred Bank PFBC 1.67 15.26 4.54 Heritage Commerce Corp HTBK 1.27 13.73 4.58 Summit Bancshares, Inc. SBIT 1.28 16.89 4.58 Greene County Bancshares, Inc. GCBS 1.02 11.09 4.61 Sterling Bancshares, Inc. SBIB 1.02 11.07 4.63 First State Bancorporation FSNM 1.08 14.01 4.64 Wilshire Bancorp Inc. WIBC 1.92 27.21 4.66 Capital Corp of the West CCOW 1.36 18.54 4.69 BancTrust Financial Group, Inc. BTFG 1.19 11.86 4.71 Center Financial Corporation CLFC 1.69 24.04 4.72 Sterling Bancorp STL 1.24 16.04 4.75 BancFirst Corporation BANF 1.39 14.80 4.76 Hanmi Financial Corporation HAFC 1.79 13.94 4.77 Hudson Valley Holding Corp. HUVL 1.58 18.54 4.80 Independent Bank Corporation IBCP 1.45 19.12 4.80 Sterling Financial Corporation SLFI 1.39 13.62 4.81 Texas United Bancshares, Incorporated TXUI 0.87 9.80 4.92 W.T.B. Financial Corporation WTBFB 1.33 14.79 4.94 Bank of Granite Corporation GRAN 1.41 10.70 4.95 Nara Bancorp, Inc. NARA 1.59 22.23 4.95 West Coast Bancorp WCBO 1.28 15.76 4.99 Suffolk Bancorp SUBK 1.59 22.18 5.05 Capital City Bank Group, Inc. CCBG 1.22 10.56 5.08 Capitol Bancorp Ltd. CBC 1.08 13.34 5.09 Farmers & Merchants Bancorp FMCB 1.46 15.26 5.12 TriCo Bancshares TCBK 1.38 16.30 5.14 First Security Group, Inc. FSGI 1.08 8.86 5.15 First National Bank Alaska FBAK 1.61 8.16 5.18 Placer Sierra Bancshares PLSB 1.34 12.51 5.23 Mid-State Bancshares MDST 1.58 13.56 5.32 State National Bancshares, Inc. SNBI 1.17 9.73 5.34 Western Sierra Bancorp WSBA 1.43 14.82 5.37 AmericanWest Bancorporation AWBC 1.29 12.34 5.47 Frontier Financial Corporation FTBK 2.09 18.75 5.48 Centennial Bank Holdings, Inc. CBHI 0.57 2.71 5.51 Exchange Bank of Santa Rosa, California EXSR 1.45 16.35 5.57 Sierra Bancorp BSRR 1.59 21.47 5.63
ROAA ROAE NET INTEREST MARGIN 2005 Y 2005 Y 2005 Y COMPANY NAME TICKER (%) (%) (%) ----------------------------------------------------------------- ------ ---------- ---------- -------------------- Yardville National Bancorp YANB 0.72 12.57 3.05 Yardville percentile rank 11 45 7 Median for commercial banks between $1B and $5B in assets 1.14 13.29 4.04 Cascade Bancorp CACB 1.97 24.04 5.66 First Regional Bancorp FRGB 1.79 29.32 5.97 First Community Bancorp FCBP 1.68 12.10 6.37 Capital Crossing Bank CAPX 1.56 19.88 6.53 CIB Marine Bancshares, Inc. CIBH NA NA NA Marquette National Corporation MNAT NA NA NA