Form 5		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ANNUAL STATEMENT OF CHANGES BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL
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[ ]	Form 3 Holdings Reported
[ ]	Form 4 Transactions Reported

1. Name and Address of Reporting Person* neilson, Kenneth T.	2. Issuer Name and Ticker or Trading Symbol Hudson United Bancorp   (HU)		6. Relationship of Reporting Person(s) to Issuer                   (Check all applicable) _X_ Director                            ___ 10% Owner _X_ Officer (give title below)   ___ Other (specify below) Chairman, President and CEO
(Last)             (First)            (Middle) 70 Twin Brooks Road	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	4. Statement for Month/Year 01/08/2003
(Street) Saddle River, NJ 07458		5. If Amendment, Date of Original (Month/Year)	7. Individual or Joint/Group Filing            (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person
(City)             (State)             (Zip)	Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)	2. Transaction Date (Month/ Day/ Year)	2A. Deemed Execution Date, if any (Month/ Day/ Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
								9,213.8987	I	Total 401K
								272,691	I	Held in Family Partnership
								4,441	D	IRA
								18,569	D
								38,000 (2)	I	Restricted (2)
								342,914.890		TOTAL

* If the form is filed by more than one reporting person, see instruction 4(b)(v).
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
(Over)
SEC 2270 (9-02)

FORM 5 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr.3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/ Day/ Year)

3A. Deemed Execution Date, if any (Month/ Day/ Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of(D) (Instr. 3, 4 and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Year (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

08/28/2001

11/19/2007

Common Stock

$28.972

46,912

I

(2)

08/28/1998

11/09/2007

Common Stock

$28.972

6,768

D

03/22/2004

03/22/2008

Common Stock

$29.127

113

D

***

08/07/2012

Common Stock

$27.39

53,000

I

(2)

***

12/06/2011

Common Stock

$27.46

55,000

I

(2)

Explanation of Responses:

(2) Options and restricted stock of Hudson United Bancorp held in a limited family partnership of which the reporting person is the sole general partner and of which the reporting person and his three children are the sole limited partners.

*** 1/3 after 3rd year; 1/3 after 4th year; 1/3 after 5th year

**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	/s/ Kenneth T. Neilson **Signature of Reporting Person Kenneth T. Neilson	01/08/2003  Date
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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