Hudson United Bancorp and TD Banknorth Inc. Shareholders Approve Merger; Over 98% of Votes Cast In Favor of Transaction by Hudso

TD Banknorth Inc. (NYSE: BNK) shareholders voted at a
special meeting today to approve the acquisition of Hudson United
Bancorp (NYSE: HU). More than 99% of the votes cast were voted in
favor of the transaction. In a separate meeting held in Mahwah, New
Jersey, the shareholders of Hudson United Bancorp also voted heavily
in favor of sale to TD Banknorth. Over 98% of the votes cast by Hudson
United shareholders were in favor of the transaction.
   Pending approval by the Federal Reserve, the transaction is
expected to close later in the first quarter of 2006.
   "This acquisition is in keeping with our growth strategy into the
mid-Atlantic region. We're excited about expanding our franchise in
both Connecticut and eastern New York, and gaining a new presence in
the fast-growing New Jersey and Philadelphia markets," said William J.
Ryan, TD Banknorth's Chairman, President and Chief Executive Officer.
"We look forward to welcoming Hudson United into the TD Banknorth
family and to offering our new customers a broader array of products
and services."
   "We are excited about joining TD Banknorth," said Kenneth Neilson,
Hudson United's Chairman, President and Chief Executive Officer. "This
transaction rewards our shareholders while maintaining our focus on
local community banking."
   On a pro forma basis, the transaction creates a regional financial
services company with approximately 590 branches, 751 ATMs and over
$26 billion in deposits across eight northeastern states.

   About TD Banknorth Inc.

   TD Banknorth Inc. is a leading banking and financial services
company headquartered in Portland, Maine and a majority-owned
subsidiary of TD Bank Financial Group. At September 30, 2005, TD
Banknorth had $31.8 billion of total consolidated assets and provided
financial services to over 1.3 million households in the Northeast. TD
Banknorth's banking subsidiary, TD Banknorth, N.A., operates banking
divisions in Maine, New Hampshire, Massachusetts, Connecticut, Vermont
and upstate New York. TD Banknorth and TD Banknorth, N.A. also operate
subsidiaries and divisions in insurance, wealth management, merchant
services, mortgage banking, government banking and other financial
services and offer investment products in association with PrimeVest
Financial Services, Inc. The TD Banknorth common stock trades on the
New York Stock Exchange under the symbol "BNK". For more information,
visit http://www.tdbanknorth.com.

   About Hudson United Bancorp

   Hudson United Bancorp is the multi-state bank holding company for
Hudson United Bank, which has 204 offices in New Jersey, New York,
Connecticut and Pennsylvania. Hudson United Bancorp's subsidiaries
offer a full array of innovative products and services to commercial
and retail accounts, including imaged checking accounts, 24-hour
telephone and internet banking, loans by phone, alternative investment
products, insurance products, private label credit programs and a wide
variety of commercial loans and services including asset based loans,
SBA loans, international services, merchant services and cash
management services. Wealth management services are also provided to
individuals and businesses. Public sector products and services are
provided to local and state governments, municipalities, educational
institutions, civic and not-for-profit organizations. Visit our
website at www.hudsonunitedbank.com

   Forward-looking Information

   This press release contains forward-looking statements regarding
TD Banknorth's acquisition of Hudson United. Words such as "expect",
"feel", "believe", "will", "may", "anticipate", "plan", "estimate",
"intend", "should" and similar expressions are intended to identify
forward-looking statements. These forward-looking statements involve
certain risks and uncertainties. Factors that may cause actual results
to differ materially from those contemplated by such forward-looking
statements include, among others, the following possibilities: (1)
estimated cost savings from the acquisition cannot be fully realized
within the expected time frame; (2) revenues following the acquisition
are lower than expected; (3) competitive pressure among depository
institutions increases significantly; (4) costs or difficulties
related to the integration of the businesses of TD Banknorth and
Hudson United are greater than expected; (5) changes in the interest
rate environment reduce interest margins; (6) general economic
conditions, either nationally or in the markets in which TD Banknorth
will be doing business, are less favorable than expected; (7)
legislation or changes in regulatory requirements adversely affect the
businesses in which TD Banknorth would be engaged; or (8) factors
which would result in a condition to the transaction not being met.
Neither TD Banknorth nor Hudson United undertakes any obligation to
update these forward-looking statements to reflect events or
circumstances that occur after the date on which such statements were
made.