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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN 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(f) of the Investment Company Act of 1940

[ ] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
    may continue. See Instruction 1(b).

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1.   Name and Address of Reporting Person*

   Roberts                           Daniel               C.
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   (Last)                           (First)             (Middle)

                                 P.O. Box 4021
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                                    (Street)

Sanford,                            Florida              32772
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   (City)                           (State)              (Zip)

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2.   Issuer Name and Ticker or Trading Symbol

                       Federal Trust Corporation ("FDTR")
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3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)

                                   173-42-0172
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4.   Statement for Month/Year

                                  February 2003
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5.   If Amendment, Date of Original (Month/Year)

                                       N/A
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6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [ ]  Director                             [ ]  10% Owner
     [X]  Officer (give title below)           [ ]  Other (specify below)

                       Senior Vice President of Subsidiary
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7.   Individual or Joint/Group Filing (Check applicable line)

     [X]  Form filed by one Reporting Person
     [ ]  Form filed by more than one Reporting Person
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           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
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                                                                                                              6.

                                                                 4.                            5.             Owner-
                                                                 Securities Acquired (A) or    Amount of      ship
                                                    3.           Disposed of (D)               Securities     Form:     7.
                                                    Transaction  (Instr. 3, 4 and 5)           Beneficially   Direct    Nature of
                                      2.            Code         ----------------------------- Owned at End   (D) or    Indirect
1.                                    Transaction   (Instr. 8)                   (A)           of Month       Indirect  Beneficial
Title of Security                     Date          ------------     Amount      or     Price  (Instr. 3      (I)       Ownership
(Instr. 3)                            (mm/dd/yy)     Code     V                  (D)           and 4)         (Instr.4) (Instr. 4)
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Common Stock                          02/26/03       P               400.0000    A      5.380                  D
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                                      02/27/03       P               3,925.0000  A      5.500
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                                      02/27/03       P               3,925.0000  A      5.500   19,257.8200    D
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*   If the Form is filed by more  than one  Reporting  Person,  see  Instruction
    4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.

                            (Print or Type Responses)
                                                                         (Over)
(Form 4-07/98)



FORM 4 (continued)

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

===============================================================================



                                                                                                                    10.
                                                                                                          9.        Owner-
                                                                                                          Number    ship
                                                                                                          of        Form
                    2.                                                                                    Deriv-    of
                    Conver-                    5.                              7.                         ative     Deriv-   11.
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature
                    or                         Derivative    6.                of Underlying     8.       ities     Secur-   of
                    Exer-             4.       Securities    Date              Securities        Price    Bene-     ity:     In-
                    cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct
                    Price    Trans-   action   or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-
1.                  of       action   Code     of(D)         (Month/Day/Year)            Amount  ative    at End    In-      ficial
Title of            Deriv-   Date     (Instr.  (Instr. 3,    ----------------            or      Secur-   of        direct   Owner-
Derivative          ative    (Month/  8)       4 and 5)      Date     Expira-            Number  ity      Month     (I)      ship
Security            Secur-   Day/     ------   ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    Code V    (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)
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Explanation of Responses:





   /s/ Daniel C. Roberts                                    February 28, 2003
--------------------------------------------            -----------------------
      **Signature of Reporting Person                             Date

**     Intentional  misstatements  or  omissions  of  facts  constitute  Federal
       Criminal Violations.

       See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.


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