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 ---------------------- -------------------------- Title: President/CEO -------------------------- CONSULTANT /s/ Sonia Seidman /s/ Lawrence Seidman ------------------------ ------------------------- Witness Lawrence Seidman