| Business Summary | | Yardville
National
Bancorp
is
a
bank
holding
company.
The
Company's
business
is
the
ownership
and
management
of
The
Yardville
National
Bank
(the
Bank),
a
national
banking
association
and
the
Company's
sole
banking
subsidiary.
The
Bank
conducts
a
general
commercial
and
retail
banking
business.
The
principal
focus
of
the
Bank
is
to
provide
a
full
range
of
traditional
commercial
and
retail
banking
services,
including
savings
and
time
deposits,
letters
of
credit,
checking
accounts
and
commercial,
real
estate
and
consumer
loans
for
individuals
and
small
to
medium-size
businesses
in
each
of
the
local
communities
that
it
serves.
The
Bank
also
markets
non-deposit
financial
products
and
services.
The
Bank
operates
15
full-service
banking
offices,
consisting
of
13
branch
offices
in
Mercer
County,
New
Jersey,
one
branch
office
in
Hunterdon
County,
New
Jersey
and
one
in
Bucks
County,
Pennsylvania. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | YANB,
through
its
subsidiary
Yardville
National
Bank,
provides
a
full
range
of
services
to
individuals
and
corporate
customers
in
Mercer
County.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
31%
to
$59.4
million.
Net
interest
income
after
loan
loss
prov.
remained
flat
at
$16.4
million.
Net
income
rose
2%
to
$5.1
million.
Net
interest
income
reflects
higher
loan
volumes,
partially
offset
by
a
higher
cost
of
funds.
Net
income
reflects
higher
service
charges. | More
from
Market Guide: Significant
Developments |
| | | Jay
Destribats,
Chmn. Patrick
Ryan,
Pres./CEO Timothy
J. Losch,
Exec. VP/COO Stephen
Carman,
Exec. Secy./Treas. Richard
A. Kauffman,
Sr. VP/CTO. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|