Sandler O’Neill & Partners L.P.

East Coast Financial Service Conference

November 13, 2008

Exhibit 99.1

2

This

presentation

contains

forward

looking

statements

concerning

Valley’s

future

business

outlook,

financial

condition

and

operating

results. 

Generally,

the

words

"will,"

"may,"

"should,"

"continue,"

"believes,"

"expects,"

"anticipates"

or

similar

expressions

identify

forward

looking

statements. 

Readers

are

advised

not

to

place

undue

reliance

on

these

forward

looking

statements

as

they

are

influenced

by

certain

risk

factors

and

unpredictable

events.

Factors

that

could

cause

actual

results

to

differ

materially

from

those

predicted

by

the

forward

looking

statements

include

among

others:

unanticipated

changes

in

the

financial

markets

and

the

resulting

effects

on

financial

instruments

in

Valley’s

investment

portfolio;

unanticipated

changes

in

the

direction

of

interest

rates;

volatility

in

earnings

due

to

certain

financial

assets

and

liabilities

held

at

fair

value;

the

occurrence

of

an

other-than-temporary

impairment

to

investment

securities

classified

as

available

for

sale

or

held

to

maturity;

stronger

competition

from

banks,

other

financial

institutions

and

other

companies;

changes

in

loan,

investment

and

mortgage

prepayment

assumptions;

insufficient

allowance

for

credit

losses;

a

higher

level

of

net

loan

charge-offs

and

delinquencies

than

anticipated;

a

decline

in

the

economy

in

Valley’s

primary

market

areas,

mainly

in

New

Jersey

and

New

York;

changes

in

relationships

with

major

customers;

changes

in

effective

income

tax

rates;

higher

or

lower

cash

flow

levels

than

anticipated;

unanticipated

difficulties

relating

to

the

systems

integration

of

Greater

Community

Bancorp

(“Greater

Community”);

the

inability

to

realize

expected

cost

savings

and

synergies

from

the

acquisition

of

Greater

Community

in

the

amounts

and

timeframe

anticipated;

material

adverse

changes

in

Valley’s

operations

or

earnings;

the

inability

to

retain

Greater

Community’s

customers

or

employees;

inability

to

hire

or

retain

qualified

employees;

a

decline

in

the

levels

of

deposits

or

loss

of

alternate

funding

sources;

a

decrease

in

loan

origination

volume;

a

change

in

legal

and

regulatory

barriers

including

issues

related

to

compliance

with

anti-money

laundering

(“AML”)

and

bank

secrecy

act

(“BSA”)

laws;

adoption,

interpretation

and

implementation

of

new

or

pre-existing

accounting

pronouncements;

the

development

of

new

tax

strategies

or

the

disallowance

of

prior

tax

strategies;

operational

risks,

including

the

risk

of

fraud

by

employees

or

outsiders

and

unanticipated

litigation

pertaining

to

Valley’s

fiduciary

responsibility;

and

the

inability

to

successfully

implement

new

lines

of

business

or

new

products

and

services.

NOTE:  Valley disclaims any obligation to update or revise forward looking statements for any reason.

Information For Investors And Shareholders

3

Overview of Valley National Bancorp

81 Years -

Commercial Bank

Management Longevity/Ownership

Office of the Chairman –

total of 146 years, 24.3 years on average

Big Bank –

Act Like Small Privately Owned Company

Marketplace

Sound Asset Quality

Strong Financial Performance

Consistent Shareholder Returns

4

Valley’s 3Q 2008 Highlights

Greater Community Bank Acquisition

Overview

Commercial bank with nearly $1.0 billion in total assets and 16 branches

Well-run financial institution -

credit quality, loan underwriting standards and

no exposure to sub-prime

Added over 450 new commercial customer relationships to Valley

$114 Million in new Goodwill

Deal Expectations

Over 30% of non-interest expense cost saves

Accretive to EPS by the beginning of 2009

Other Events

Fannie Mae and Freddie Mac OTTI of $70.9 Million (pre-tax): still earned $3.6

million net after tax

Core adjusted after tax Net Income of $47.7 Million and diluted E.P.S of $0.35

Net interest margin increase of 16 bps to 3.64%

Continued strong credit quality

9% annualized organic loan growth exclusive of Greater Community

Potential opportunities with TARP Capital Purchase Program

5

5

Valley’s Current Objectives

Maintain a quality balance sheet

Manage balance sheet, not be managed by

balance sheet growth

Continue to produce strong operating results

Minimize earnings volatility

6

Credit Culture at Valley

Macro Focus

Focus on quality over

profitability

Few underwriting

policy exceptions

Centralized

underwriting and loan

approval

Minimal individual

lender authority

Micro Focus

Strong borrower moral

character

Borrower experience in

similar type projects

Low loan to value

ratios

Strong customer FICO

scores

7

Loan Quality  2003-

9/30/2008

0.36%

0.11%

0.44%

0.11%

0.32%

0.05%

0.33%

0.12%

0.36%

0.14%

0.30%

0.19%

0.00%

0.50%

1.00%

1.50%

2.00%

2003

2004

2005

2006

2007

9/30/2008

Non-Performing Loans to Total Loans

Net Charge-offs to Average Loans

annualized

8

Net Charge-offs to Average Loans

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

Valley

FDIC Insured Commercial Banks

Total Loan Portfolio

Source –

FDIC

Recession

9

Net Charge-offs to Average Loans*

2003 –

2008 YTD**

(Average)

*Source -

SNL Financial

** Valley as of 9/30/08 and Peer Group as of 6/30/08

0.12%

0.26%

0.37%

1.07%

0.00%

0.15%

0.00%

0.26%

0.22%

0.43%

0.00%

0.13%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

Total Loans

Consumer

Home Equity

Construction &

Development

Commercial

1-4 Family

Valley

Peer Group

Peer group consists of banks with total assets between $3 billion and $50 billion

10

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Residential Mortgages

Home Equity

Commercial Mortgages

Commercial Loans*

30 Day + Delinquency Trend

* Excludes SBA Loans

11

Residential Mtg. Customer Profile

746

Current FICO Score

44%

Current Mark to Market Loan to Value

59%

Original Loan to Value

Residential

Customer

1

Valley

customer

profile

reflects

a

portfolio

review

conducted

by

an

independent

3

party

in

September

2008

of

Valley’s

Fannie

Mae

eligible

conforming

loans.

2

Reflects

June

30,

2008

MBA

data

3

Reflects

September

30,

2008

delinquency

rates

30 day + Delinquency Rate

Valley Customer Profile

0.13%

Unknown

Home Equity Loans

18.67%

6.41%

Industry

N/A

Sub-prime Loans

0.56%

Residential Mortgage

Valley

1

3

rd

2

12

Net Charge-offs to Average Loans

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

Valley

FDIC Insured Commercial Banks

Residential Mortgages

*Valley’s Increase between 1993 –

1997 is mainly attributable to

acquisitions

Source –

FDIC

Recession

13

Net Charge-offs to Average Loans

-0.20%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

1.60%

Valley

FDIC Insured Commercial Banks

Home Equity

Recession

*Valley’s

Increase

between

1993

–

1997

is

mainly

attributable

to

acquisitions

Source –

FDIC

14

23%

21%

12%

11%

9%

9%

6%

5%

4%

Total Commercial Real Estate -

$2,841MM

9%

263

Residential

4%

99

Miscellaneous

11%

322

Mixed Use

5%

145

Specialty

12%

328

Office

6%

159

Healthcare

21%

607

Industrial

9%

255

Apartments

23%

663

Retail

% of Total

Property Type

$ Amount

(Millions)

Primary Property Type

% of Total

Property Type

$ Amount

(Millions)

Primary Property Type

Commercial Real Estate

Primary Property Type Composition

* Total CRE loan balance  is based on Valley’s internal loan hierarchy

structure and does not reflect Call Report reclassifications.

As of 6/30/08

15

53%

52%

58%

54%

58%

39%

56%

40%

56%

0%

20%

40%

60%

80%

100%

Commercial Real Estate

Primary Property Type Loan to Value

* LTV ratios do not include construction or owner occupied

commercial real estate loans.

As of 6/30/08

58%

Residential

56%

Miscellaneous

54%

Mixed Use

40%

Specialty

58%

Office

56%

Healthcare

52%

Industrial

39%

Apartments

53%

Retail

Weighted Avg.

LTV

Primary Property Type

Weighted Avg.

LTV

Primary Property Type

16

26%

23%

20%

9%

7%

6%

5%

4%

Total Retail Property Types -

$663MM

Commercial Real Estate

Retail Property Type Composition

% of Retail

Property

Type

Retail Property Type

% of Retail

Property

Type

Retail Property Type

Auto Dealership

Single Tenant Retail

Multi-Tenanted Retail –

No Anchor

Multi-Tenanted Retail -

Anchor

9%

20%

23%

26%

4%

Private Education Facilities

5%

Private & Public Clubs

6%

Food Establishments

7%

Other

As of 6/30/08

17

72%

22%

6%

Total Commercial Real Estate -

$2,841MM

Total Commercial Real Estate

by Location

$174MM

Other States

$636MM

New York

$2,031MM

New Jersey

Commercial

Real Estate

State

* Total CRE loan balance  is based on Valley’s internal loan hierarchy

structure and does not reflect Call Report reclassifications

As of 6/30/08

18

Valley’s New Jersey and Rockland

County Locations

Current Valley branches

Branches under construction

Branches under Construction

Milltown, Middlesex County

North Brunswick, Middlesex County

Freehold, Monmouth County

Montebello, Rockland County

19

Valley’s New York City Locations

Current Valley branches

Branches under construction

Branches under Construction

4501 13   Avenue, Brooklyn

2054 86   Street, Brooklyn

207 Brighton Beach Avenue, Brooklyn

2902 Avenue U, Brooklyn

111 4   Avenue, Manhattan

107 Liberty Avenue, Queens

69-20 80   Street, Queens

61-80 Grand Avenue, Queens

76-09 Main Street, Queens

th

th

th

th

20

Historical Performance

*  Per share data reflects the 5% common stock dividend issued on May 23, 2008.

** Includes $10.4 million after-tax, or $0.08 per share, other-than-temporary

impairment charge on government-sponsored investment grade perpetual callable preferred securities.

Historical Financial Data (1987-2007)*

(Dollars in millions, except for share data)

  Diluted

Year

Total

  Net

  Earnings

Stock Splits

End

Assets

  Income

  Per Share

and Dividends

2007

$12,749

$153.2

**

$1.21

1.25

%

16.43

%

$

0.79

5/07 -

5%

Stock Dividend

2006

12,395

163.7

1.27

1.33

17.24

0.77

5/06 -

5%

Stock Dividend

2005

12,436

163.4

1.29

1.39

19.17

0.75

5/05 -

5%

Stock Dividend

2004

10,763

154.4

1.28

1.51

22.77

0.73

5/04 -

5%

Stock Dividend

2003

9,873

153.4

1.27

1.63

24.21

0.70

5/03 -

5%

Stock Dividend

2002

9,148

154.6

1.23

1.78

23.59

0.66

5/02 -

5:4

Stock Split

2001

8,590

135.2

1.03

1.68

19.70

0.62

5/01 -

5%

Stock Dividend

2000

6,426

106.8

0.99

1.72

20.28

0.58

5/00 -

5%

Stock Dividend

1999

6,360

106.3

0.94

1.75

18.35

0.55

5/99 -

5%

Stock Dividend

1998

5,541

97.3

0.90

1.82

18.47

0.50

5/98 -

5:4

Stock Split

1997

5,091

85.0

0.82

1.67

18.88

0.43

5/97 -

5%

Stock Dividend

1996

4,687

67.5

0.72

1.47

17.23

0.39

5/96 -

5%

Stock Dividend

1995

4,586

62.6

0.66

1.40

16.60

0.38

5/95 -

5%

Stock Dividend

1994

3,744

59.0

0.73

1.60

20.03

0.36

5/94 -

10%

Stock Dividend

1993

3,605

56.4

0.71

1.62

21.42

0.28

4/93 -

5:4

Stock Split

1992

3,357

43.4

0.55

1.36

19.17

0.25

4/92 -

3:2

Stock Split

1991

3,055

31.7

0.41

1.29

15.40

0.24

1990

2,149

28.6

0.37

1.44

14.54

0.24

1989

1,975

36.0

0.46

1.92

19.93

0.23

1988

1,835

34.2

0.44

2.00

20.96

0.20

7/88 -

3:2

Stock Split

1987

1,663

32.1

0.42

2.02

22.95

0.20

Return on

Average

Assets

Return on

Average

Equity

Dividends

Per Share

21

For More Information

Log onto our web site:   www.valleynationalbank.com

Visit our kids site:

www.vnbkids.com

E-mail requests to:   dgrenz@valleynationalbank.com

Call Shareholder Relations at: (973) 305-3380

Write to:  Valley National Bank

1455 Valley Road

Wayne, New Jersey 07470

Attn:     Dianne M. Grenz, First Senior Vice President

Director of Marketing, Shareholder & Public Relations

Log onto our website above or www.sec.gov to obtain free copies

of documents filed by Valley with the SEC