Exhibit 99.1

           FEDERAL TRUST CORPORATION ANNOUNCES THIRD QUARTER DIVIDEND

    SANFORD, Fla., July 20 /PRNewswire-FirstCall/ -- James V. Suskiewich,
President and Chief Executive Officer of Federal Trust Corporation (Amex: FDT),
announced today that the Board of Directors approved the payment of a $.03 per
share quarterly cash dividend on the Company's common stock. The dividend will
be paid to stockholders of record on August 5, 2005, and will be distributed on
August 19, 2005.

    (Logo: http://www.newscom.com/cgi-bin/prnh/19990513/FDTRLOGO )

    Federal Trust Corporation is a unitary thrift holding company and is the
parent company of Federal Trust Bank, a $656 million federally-chartered,
FDIC-insured savings bank. Federal Trust Bank operates from six full-service
offices in Florida that are located in Orange, Seminole and Volusia Counties.
The Executive and Administrative Offices of the Company are located in Sanford,
Florida. The Company's common stock is traded on the American Stock Exchange
under the symbol "FDT."

    Press Releases and other information about Federal Trust Corporation can be
found on the PR Newswire at http://www.prnewswire.com .

     For more information, contact:  Marcia Zdanys,
                                     Corporate Secretary/Investor Relations
                                     (407) 323-1833

SOURCE  Federal Trust Corporation
    -0-                             07/20/2005
    /CONTACT:  Marcia Zdanys, Corporate Secretary, Investor Relations, Federal
Trust Corporation, +1-407-323-1833 /
    /Photo:  NewsCom:  http://www.newscom.com/cgi-bin/prnh/19990513/FDTRLOGO
              AP Archive:  http://photoarchive.ap.org
              PRN Photo Desk, photodesk@prnewswire.com /
    /Web site:  http://www.federaltrust.com /

_