0001026081-05-000003.txt : 20120703
0001026081-05-000003.hdr.sgml : 20120703
20050218090607
ACCESSION NUMBER: 0001026081-05-000003
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20050218
DATE AS OF CHANGE: 20050218
SUBJECT COMPANY:
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: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-58073
FILM NUMBER: 05625842
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
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SEIDMAN LAWRENCE B
CENTRAL INDEX KEY: 0001026081
STATE OF INCORPORATION: NJ
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
BUSINESS PHONE: 2015601400
MAIL ADDRESS:
STREET 1: LANIDEX CENTER
STREET 2: 100 MISTY LANE P O BOX 5430
CITY: PARSIPPANY
STATE: NJ
ZIP: 07054
SC 13D/A
1
yard131.txt
INITIAL STATMENT OF BENEFI. OWNERSHIP/A
SECURlTIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
(Amendment No. 1 )*
Yardville National Bancorp
-------------------------------------------------------------------------------
Common Stock, no par value
-------------------------------------------------------------------------------
985021104
-----------------------------------------------------------------------------
(CUSIP Number)
Lawrence B. Seidman, 100 Misty Lane, Parsippany, NJ 07054,
(973) 560-1400, Ext.108
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 18, 2005
----------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13D
CUSIP NO. 985021104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Seidman and Associates, L.L.C. 22-3343079
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
219,801
NUMBER OF -------------------------------------------------------------------
SHARES
BENFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
219,801
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 219,801
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.091
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
SCHEDULE 13D
CUSIP NO. 985021104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Seidman Investment Partnership, L.P. 22-3360395
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 166,168
--------------------------------------------------------------
SHARES
BENFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
166,168
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 166,168
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (111) 1.580
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
SCHEDULE 13D
CUSIP NO. 985021104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Seidman Investment Partnership II, L.P. 22-3603662
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 93,525
--------------------------------------------------------------
SHARES
BENFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
93,525
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 93,525
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .889
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
SCHEDULE 13D
CUSIP NO. 985021104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Kerrimatt, L.P. 22-3583179
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 44,897
--------------------------------------------------------------
SHARES
BENFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
44,897
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 44,897
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .427
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
SCHEDULE 13D
CUSIP NO. 985021104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Federal Holdings, L.L.C. 13-3838083
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 71,486
--------------------------------------------------------------
SHARES
BENFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
71,486
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 71,486
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .680
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
SCHEDULE 13D
CUSIP NO. 985021104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Broad Park Investors, L.L.C. #22-6759307
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 3,213
--------------------------------------------------------------
SHARES
BENFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
3,213
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 3,213
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .030
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
SCHEDULE 13D
CUSIP NO. 985021104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Lawrence B. Seidman ###-##-####
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF, WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 633,590
--------------------------------------------------------------
SHARES
BENFICIALLY 8 SHARED VOTING POWER
97,068
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
633,590
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
97,068
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 730,658
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.951
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
SCHEDULE 13D
CUSIP NO. 985021104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Dennis Pollack ###-##-####
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF, WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 15,000
--------------------------------------------------------------
SHARES
BENFICIALLY 8 SHARED VOTING POWER
97,068
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
15,000
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
97,068
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 112,068
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.066
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
SCHEDULE 13D
CUSIP NO. 985021104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Pollack Investment Partnership, L.P. 22-3736367
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 97,068
--------------------------------------------------------------
SHARES
BENFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
97,068
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 97,068
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .923
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
This statement on Schedule 13 D which was filed on July 29, 2004 on behalf of
Seidman and Associates L.L.C. ("SAL"), Seidman Investment Partnership,L.P.,
Seidman Investment PartnershipII,L.P.,("SIPII"), Kerrimatt, L.P. ("Kerrimatt"),
Broad Park Investors, L.L.C.("Broad Park"),Federal Holdings, L.L.C.("Federal"),
Pollack Investment Partnership,L.P.("PIP"), Lawrence Seidman ("Seidman"), and
Dennis Pollack("Pollack") collectively, the "Reporting Persons") with respect to
the Reporting Persons' beneficial ownership of shares of Ccmmon stock (the
"Shares") of Yardville National Bankcorp., a New Jersey corporation, is hereby
amended as set forth below: Such statement on Schedule 13D is hereinafter
referred to as the "Schedule 13D".Terms used herein which are defined in the
Schedule 13D shall have their respective meanings set forth in the Schedule 13D.
4. Purpose of Transaction
Attached hereto as an Exhibit and included herein in its entirety is a copy of
the Consulting Agreement, dated February 18, 2005, entered into by and between
Yardville National Bancorp and Lawrence B.Seidman.
5. Interest in Securities of the Issuer
(a)(b)(c) As of the close of business on February 17, 2005, the Reporting
Persons owned beneficially an aggregate of 745,658 shares of Common Stock, which
constituted approximately 7.09% of the 10,511,000 shares of Common Stock
outstanding as of December 31,2004, as disclosed in the Issuer's February 3,
2004 earnings press release.
Schedule A attached below describes transactions except for previously reported
transactions in the Common Stock effected by the Reporting Persons within the
past sixty (60) days. Except as set forth in this Item 5, none of the Reporting
Persons owns beneficially or has a right to acquire beneficial ownership of any
Common Stock, and except as set forth in this Item 5, none of the Reporting
Persons has effected transactions in the Common Stock during the past sixty (60)
days, except for previously reported transactions.
ENTITY DATE COST COST SHARES
PURCHASED PER
SHARE
-------------------------------------------------------------------------------
011-S&A 9/14/2004 28.8000 208,800.00 7,250
011-S&A 9/15/2004 28.7938 83,502.02 2,900
011-S&A 10/1/2004 29.5500 88,650.00 3,000
011-S&A 10/1/2004 29.5500 177,300.00 6,000
011-S&A 10/1/2004 29.5500 29,550.00 1,000
011-S&A 1/4/2005 33.4396 138,506.82 4,142
011-S&A 1/5/2005 33.0083 75,258.92 2,280
011-S&A 1/7/2005 33.0500 43,956.50 1,330
011-S&A 1/10/2005 32.8662 56,201.20 1,710
011-S&A 1/12/2005 32.7473 62,219.87 1,900
011-S&A 1/13/2005 32.5883 74,301.32 2,280
011-S&A 1/14/2005 32.5430 97,629.10 3,000
011-S&A 1/20/2005 32.0215 60,840.85 1,900
011-S&A 1/20/2005 31.9021 60,614.00 1,900
Total 1,257,330.60 40,592
012-SIP 9/14/2004 28.8000 172,800.00 6,000
012-SIP 9/15/2004 28.7938 69,105.12 2,400
012-SIP 1/4/2005 33.4396 76,543.24 2,289
012-SIP 1/5/2005 33.0083 41,590.46 1,260
012-SIP 1/7/2005 33.0500 24,291.75 735
012-SIP 1/10/2005 32.8662 31,058.56 945
012-SIP 1/12/2005 32.7473 34,384.67 1,050
012-SIP 1/13/2005 32.5883 41,061.26 1,260
012-SIP 1/19/2005 32.4564 134,953.55 4,158
012-SIP 1/20/2005 32.0215 33,622.58 1,050
012-SIP 1/20/2005 31.9038 33,499.00 1,050
Total 692,910.19 22,197
013-SIP II 9/14/2004 28.8000 93,600.00 3,250
013-SIP II 9/15/2004 28.7938 37,431.94 1,300
013-SIP II 1/4/2005 33.4396 47,383.91 1,417
013-SIP II 1/5/2005 33.0083 25,746.47 780
013-SIP II 1/7/2005 33.0500 15,037.75 455
013-SIP II 1/10/2005 32.8662 19,226.73 585
013-SIP II 1/12/2005 32.7473 21,285.75 650
013-SIP II 1/13/2005 32.5883 25,418.87 780
013-SIP II 1/20/2005 32.0215 20,813.98 650
013-SIP II 1/20/2005 31.9062 20,739.00 650
013-SIP II 1/21/2005 32.2526 80,631.50 2,500
Total 407,315.90 13,017
014-Pollack Invest Pt 9/14/2004 28.8000 93,600.00 3,250
014-Pollack Invest Pt 9/15/2004 28.7938 37,431.94 1,300
014-Pollack Invest Pt 1/4/2005 33.4396 43,739.00 1,308
014-Pollack Invest Pt 1/5/2005 33.0083 23,765.98 720
014-Pollack Invest Pt 1/7/2005 33.0500 13,881.00 420
014-Pollack Invest Pt 1/10/2005 32.8662 17,747.75 540
014-Pollack Invest Pt 1/12/2005 32.7473 19,648.38 600
014-Pollack Invest Pt 1/13/2005 32.5883 23,463.58 720
014-Pollack Invest Pt 1/20/2005 32.0215 19,212.90 600
014-Pollack Invest Pt 1/20/2005 31.9067 19,144.00 600
Total 311,634.53 10,058
021-Federal Holdings 9/14/2004 28.8000 72,000.00 2,500
021-Federal Holdings 9/15/2004 28.7938 28,793.80 1,000
021-Federal Holdings 1/4/2005 33.4396 32,804.25 981
021-Federal Holdings 1/5/2005 33.0083 17,824.48 540
021-Federal Holdings 1/7/2005 33.0500 10,410.75 315
021-Federal Holdings 1/10/2005 32.8662 13,310.81 405
021-Federal Holdings 1/12/2005 32.7473 14,736.29 450
021-Federal Holdings 1/13/2005 32.5883 17,597.68 540
021-Federal Holdings 1/20/2005 32.0215 14,409.68 450
021-Federal Holdings 1/20/2005 31.9089 14,359.00 450
Total 236,246.74 7,631
022-Kerri-Matt 9/14/2004 28.8000 79,200.00 2,750
022-Kerri-Matt 9/15/2004 28.7938 31,673.18 1,100
Total 110,873.18 3,850
023-Broad Park Invest 1/4/2005 33.4396 25,514.41 763
023-Broad Park Invest 1/5/2005 33.0083 13,863.49 420
023-Broad Park Invest 1/7/2005 33.0500 8,097.25 245
023-Broad Park Invest 1/10/2005 32.8662 10,352.85 315
023-Broad Park Invest 1/12/2005 32.7473 11,461.56 350
023-Broad Park Invest 1/13/2005 32.5883 13,687.09 420
023-Broad Park Invest 1/20/2005 32.0215 11,207.53 350
023-Broad Park Invest 1/20/2005 31.9114 11,169.00 350
Total 105,353.18 3,213
185-Seidman & clients 8/3/2004 28.6703 4,300.55 150
Total 4,300.55 150
202-Pollack Dennis IRA 1/28/2005 31.5820 15,791.00 500
202-Pollack Dennis IRA 1/28/2005 31.5600 15,780.00 500
202-Pollack Dennis IRA 1/28/2005 31.6900 15,845.00 500
202-Pollack Dennis IRA 1/28/2005 31.6600 15,830.00 500
Total 63,246.00 2,000
Total Total 3,189,210.87 102,708
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
2/18/05 /ss/Lawrence B. Seidman
------ ------------------------------
Date Lawrence B. Seidman, Power of
Attorney pursuant to Joint
Agreement dated July 26, 2004
EX-99
2
ssa1.txt
CONSULTING AGREEMENT
Consulting Agreement
1. Identification
This Consulting Agreement (the "Agreement"), dated February 18, 2005, is
entered into by and between Yardville National Bancorp, a New Jersey-chartered
corporation ("Company"), and Lawrence Seidman, an independent contractor
("Consultant").
2. Recitals
2.1. Consultant has experience in the businesses in which the Company and
its wholly owned subsidiary, The Yardville National Bank (the "Bank"), are
engaged.
2.2. The Company desires to engage Consultant as an independent contractor
to render advice and guidance in connection with the business of the Company.
3. Term
3.1. Subject to the terms and conditions set forth in Article 7 and
elsewhere herein, Consultant's service under this Agreement shall commence on
the date hereof and expire at the close of business on January 31, 2006 (the
"Term").
4. General Terms
4.1. Nature of Agreement. The parties acknowledge and agree that Consultant
will be retained by the Company as an independent contractor, and not as an
employee. Consultant's duties will be limited to those assigned to him by the
Company's management. Consultant shall be subject to all securities laws and
regulations applicable to consultants of this nature, which includes, but is not
limited to, disclosure and insider trading laws and regulations.
4.2. Duties and Services. During the Term and on a non-exclusive basis,
Consultant agrees to perform such reasonable consulting services in the areas of
acquisition and growth opportunities, as requested by management of the Company.
Consultant shall not be entitled to attend meetings with the Company's
management or the Board of Directors unless Consultant's presence is requested
by the Company. The Company shall provide Consultant with such information and
documentation that it deems, in its sole discretion, applicable to the services
requested of the Consultant. The contact individuals at the Company for the
Consultant shall be Patrick M. Ryan, President/CEO and, in his absence, Patrick
L. Ryan, SVP/Strategic Planning Officer. Except as specifically set forth
herein, or as directed by the Company, it is agreed that Consultant shall have
no authority to act on behalf of the Company or the Bank.
4.3. Board Seat. The Company will consider Consultant for a future Board
seat in accordance with Company policies regarding nominations and nomination
criteria.
5. Compensation
5.1. Compensation for Services. Subject to Consultant's adherence to the
terms and conditions of this Agreement, Consultant shall be paid a retainer
amount equal to $20,000 payable in installments of $5,000 at the end of each
quarter of fiscal 2005. Additionally, subject to the terms and conditions of
this Agreement, Consultant shall be paid a monthly fee of $1,000 during the
twelve (12) months of the Term. The first monthly payment shall be due on the
effective date of this Agreement and subsequent payments shall be made on the
first day of the next eleven (11) months thereafter (or the first business day
next following such date) until a total of twelve (12) payments are made to
Consultant.
Notwithstanding any other provision of this Agreement, if the Agreement is
terminated prior to the expiration of the Term, Consultant shall only be
entitled to compensation to the extent provided in Article 7.
5.2. No Withholding. Because Consultant is retained as the Company's
independent contractor and not as an employee, the Company and Consultant
acknowledge and agree that no federal or state taxes, social security
contributions or other deductions shall be made by the Company from the payments
made to Consultant pursuant to this Article 5, and that Consultant will remain
solely liable for the payment of all such taxes. Consultant further acknowledges
that the Company will report compensation paid pursuant to this Agreement on a
Form 1099 at the end of each year in which Consultant's services were provided.
Consultant expressly covenants to make such tax payments as may be required by
applicable law and to indemnify and hold the Company and the Bank harmless from
and against any liability the Company or the Bank may incur as a consequence of
Consultant's failure to make such payments.
6. Benefits
6.1. No Additional Benefits. Consultant shall receive no additional
benefits hereunder, and Consultant acknowledges that the Company shall not be
responsible for providing Consultant with health insurance, pension benefits or
any other benefits.
7. Termination
7.1. This Agreement shall terminate in the following circumstances:
(a) Upon the death of Consultant;
(b) Upon the termination of Consultant by the Company with
Cause; or (c) By mutual agreement of the parties hereto.
7.2. For purposes of this Agreement, termination for "Cause" shall mean
termination of Consultant's services by the Company on account of (i) fraud,
misappropriation or embezzlement by Consultant in connection with the business
of the Company; (ii) violation of any law, rule or regulation (other than
traffic offenses or similar offenses) that would reflect adversely on the
Company, any felony conviction, any violation of law involving moral turpitude,
or any violation of securities law; or (iii) a breach of the provisions of this
Agreement.
7.3. Upon the termination of this Agreement, Consultant shall be entitled
only to compensation paid through such date, and to no other payments or
benefits.
8. Confidential Information; Non-Use; Restrictions
8.1. Non-Disclosure of Confidential Information. As used herein,
"Confidential Information" means any and all information affecting or relating
to the business of the Company or the Bank, including without limitation,
financial data, customer lists and data, licensing arrangements, business
strategies, pricing information or product development materials. "Confidential
Information" does not include information that is in the public domain,
information that is generally known in the trade, or information that Consultant
can prove he acquired wholly independently of his relationship with the Company.
Consultant shall not, at any time during the Term or thereafter, directly or
indirectly, disclose or furnish to any other person, firm or corporation any
Confidential Information, except as required by a subpoena (in which event
Consultant shall give prior written notice to the Company and shall cooperate
with the Company and Company's counsel in complying with such legal
requirements). Promptly upon the expiration or termination of Consultant's
engagement hereunder for any reason or whenever the Company so requests,
Consultant shall surrender to the Company all documents, drawings, work papers,
lists, memoranda, records and other data (including all copies) constituting or
pertaining in any way to any of the Confidential Information.
8.2. Non-Use. Consultant shall not, during the Term or thereafter, solicit
or cause to be solicited the disclosure of, or use or disclose, any Confidential
Information for any purpose whatsoever.
8.3. Restrictions. During the Term, Consultant will not support, initiate
or participate in any litigation or proxy contest against the Company or the
Bank.
9. Obligation Regarding Voting
9.1. Obligation Regarding Voting. To the extent permitted by law,
Consultant must vote or cause to be voted Company stock beneficially owned by
Consultant in favor of Company proposals and Company nominees during the Term.
The obligations of this Section 9.1 shall terminate upon termination of this
Agreement.
10. Publicity
10.1 Publicity. Promptly upon the execution and delivery of this Agreement,
the Company shall issue a press release disclosing the material terms and
provisions of this Agreement, which press release shall be subject to the prior
review and comment of the Consultant.
11. Public Statements; Litigation
11.1. Public Statements; Litigation. Unless required by law or court order,
from and after the date hereof, until and through the Term, Consultant shall
not, directly or indirectly:
(a) make any statement (except as to capital or equity raises in
excess of $15,000,000.00), public or otherwise, in opposition to, or that
would reflect negatively against, the Company or the Bank, the Board of
Directors of the Company or the Bank, or any of the officers of the Company
or the Bank;
(b) cause, discuss, cooperate or otherwise aid in the preparation of
any press release or other publicity other than filings required by
securities laws concerning the Company or the Bank or its operations
without prior approval of the Company unless required by law, in which case
notice of such requirement shall be given to the Company;
(c) directly or indirectly participate or act in concert with any
affiliate, group or other person to participate, by encouragement or
otherwise, in any litigation against the Company or the Bank, or any of
their respective officers or directors; or
(d) provide, or act in concert with any person to provide, any funds
or services, to any person in support of any activity by such person that
would be a violation of the provisions of this Section 11 if undertaken by
the Consultant.
12. Breach; Restriction
12.1. Breach of Provisions. In the event that Consultant shall breach any
of the provisions of this Agreement, or in the event that any such breach is
threatened by Consultant, in addition to and without limiting or waiving any
other remedies available to the Company at law or in equity, the Company shall
be entitled to immediate injunctive relief in any court, domestic or foreign,
having the capacity to grant such relief, without the necessity of posting a
bond, to restrain any such breach or threatened breach and to enforce the
provisions of this Agreement. Consultant acknowledges and agrees that there is
no adequate remedy at law for any such breach or threatened breach and, in the
event that any action or proceeding is brought seeking injunctive relief,
Consultant shall not use as a defense thereto that there is an adequate remedy
at law. If such action for injunctive relief is brought by the Company, the
prevailing party in such action shall be entitled to reimbursement of its
reasonable attorney's fees and court costs from the other party.
12.2. Reasonable Restrictions. The parties acknowledge that the foregoing
restrictions, as set forth in Articles 8, 9, 10 and 11 are under all of the
circumstances reasonable and necessary for the protection of the Company and its
businesses.
13. Miscellaneous
13.1. Binding Effect. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective legal representatives, heirs,
distributees, successors and assigns; provided that the rights and obligations
of the parties hereto shall not be assignable.
13.2. Notices. Any notice provided for herein shall be in writing and shall
be deemed to have been given or made when personally delivered or three (3) days
following deposit for mailing by first class registered or certified mail,
return receipt requested, or if delivered by facsimile transmission, upon
confirmation of receipt of the transmission, to the Consultant, at his address
maintained in the records of the Company, or, to the Company, at its executive
offices.
13.3. Severability. If any provision of this Agreement, or portion thereof,
shall be held invalid or unenforceable by a court of competent jurisdiction,
such invalidity or unenforceability shall attach only to such provision or
portion thereof, and shall not in any manner affect or render invalid or
unenforceable any other provision of this Agreement or portion thereof, and this
Agreement shall be carried out as if any such invalid or unenforceable provision
or portion thereof were not contained herein. In addition, any such invalid or
unenforceable provision or portion thereof shall be deemed, without further
action on the part of the parties hereto, modified, amended or limited to the
extent necessary to render the same valid and enforceable.
13.4. Enforcement. The parties may seek, from a court of competent
jurisdiction, provisional remedies or injunctive relief in support of their
respective rights and remedies hereunder.
13.5. Waiver. No waiver by a party hereto of a breach or default hereunder
by the other party shall be considered valid unless in writing signed by such
first party, and no such waiver shall be deemed a waiver of any subsequent
breach or default of the same or any other nature.
13.6. Entire Agreement. This Agreement sets forth the entire agreement
between the parties with respect to the subject matter hereof, and supersedes
any and all prior agreements or understanding between the Company and
Consultant, whether written or oral, fully or partially performed relating to
any or all matters covered by and contained or otherwise dealt with in this
Agreement.
13.7. Amendment. No modification, change or amendment of this Agreement or
any of its provisions shall be valid unless in writing and signed by the party
against whom such claimed modification, change or amendment is sought to be
enforced.
13.8. Applicable Law. This Agreement, and all of the rights and obligations
of the parties in connection with the employment relationship established
hereby, shall be governed by and construed in accordance with the substantive
laws of the State of New Jersey without giving effect to principles relating to
conflicts of law. If there is a lawsuit, the parties agree to submit to the
jurisdiction of the Courts of Mercer County, New Jersey.
13.9. Counterparts. Thus Agreement may be executed in counterparts, each of
which shall be deemed an original, and all of which together shall constitute
one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written.
Attest: YARDVILLE NATIONAL BANCORP
/s/ Daniel J. O'Donnell By: /s/ Patrick M. Ryan
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Title: President/CEO
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CONSULTANT
/s/ Sonia Seidman /s/ Lawrence Seidman
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Witness Lawrence Seidman