
Yardville National Bancorp (Nasdaq: YANB) announced that the Board of Directors declared during their regularly scheduled meeting on February 28, 2007 a cash dividend of $0.115 per share payable on March 28, 2007 to shareholders of record as of March 14, 2007. This dividend marks the 53rd consecutive quarter in which YNB has paid a regular cash dividend to its shareholders.
YNB had $2.62 billion in assets at December 31, 2006, with 32 branches serving individuals and businesses in Mercer, Hunterdon, Burlington, Middlesex, Somerset, and Ocean counties in New Jersey and Bucks County in Pennsylvania. Located in the corridor between New York City and Philadelphia, YNB offers a broad range of lending, deposit and other financial products and services to business and individual banking customers throughout the region. The Common Stock of YNB, of which there are approximately 11.1 million shares outstanding, is traded on the NASDAQ Global Select Market under the symbol "YANB." For more information on YNB please visit our web site at www.ynb.com.
Cash Dividend History:
December 27, 2006 $0.115
September 28, 2006 0.115
June 21, 2006 0.115
March 22, 2006 0.115
Note regarding forward-looking statements
This press release and other statements made from time to time by our management contain express and implied statements relating to our future financial condition, results of operations, plans, objectives, performance, and business, which are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These may include statements that relate to, among other things, profitability, liquidity, adequacy of the allowance for loan losses, plans for growth, interest rate sensitivity, market risk, regulatory compliance, and financial and other goals. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be achieved. Actual results may differ materially from those expected or implied as a result of certain risks and uncertainties, including, but not limited to, the results of our efforts to implement our retail strategy, adverse changes in our loan portfolio and the resulting credit risk-related losses and expenses, interest rate fluctuations and other economic conditions, our ability to attract core deposits, continued relationships with major customers, competition in product offerings and product pricing, adverse changes in the economy that could increase credit-related losses and expenses, adverse changes in the market price of our common stock, proxy contests and litigation, compliance with laws and regulatory requirements, including our agreement with the Office of the Comptroller of the Currency and NASDAQ standards, and other risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission, as well as other risks and uncertainties detailed from time to time in statements made by our management. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
L.G. Zangani, LLC provides financial public relations services to the Company. As such, L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and/or other services performed for the Company. This remuneration may take the form of cash, capital stock in the Company, or warrants and/or options to purchase stock in the Company.