8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) April 24, 2009

VALLEY NATIONAL BANCORP

(Exact Name of Registrant as Specified in Charter)

New Jersey	1-11277	22-2477875
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

1455 Valley Road, Wayne, New Jersey	07470
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code (973) 305-8800

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

INFORMATION TO BE INCLUDED IN THE REPORT

Item 7.01 Regulation FD Disclosure

Valley National Bancorp (the “Company”) is furnishing presentation materials included as Exhibit 99.1 to this report pursuant to Item 7.01 of Form 8-K. The presentation materials were prepared to be included in an investor presentation by Gerald H. Lipkin, Chairman, President and Chief Executive Officer of the Company. The Company is not undertaking to update this presentation. The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This report will not be deemed an admission as to the materiality of any information herein (including Exhibit 99.1).

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Valley National Bancorp investor presentation materials for various investor meetings during the second quarter of 2009.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 24, 2009	VALLEY NATIONAL BANCORP
	By:	/s/ Alan D. Eskow
		Alan D. Eskow Executive Vice President & Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Valley National Bancorp Investor Presentation Materials.

EX-99.1

Investor Presentation

2009

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.

The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation

Reform Act of 1995. Such statements are not historical facts and include expressions about

management’s confidence and strategies and management’s expectations about new and existing

programs and products, relationships, opportunities, taxation, technology and market conditions.

These statements may be identified by such forward-looking terminology as “expect,” “believe,” “view,”

“opportunity,” “allow,” “continues,” “reflects,” “typically,” “usually,” “anticipate,” or similar statements or

variations of such terms. Such forward-looking statements involve certain risks and uncertainties. Actual

results may differ materially from such forward-looking statements. Factors that may cause actual results

to differ materially from those contemplated by such forward-looking statements include, but are not

limited to those factors disclosed in Valley’s Annual Report on Form 10-K for the year ended December

31, 2008.

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

Information For Investors And Shareholders

3

Investor Presentation

History of Valley National Bank

Organic Growth and Acquisitions

Valley National Bank Today

About Us

Executive Management

Footprint and Demographics

Balance Sheet Composition

Loans

Securities

Shareholder Returns

Recent Highlights

Credit Culture

Non-Performing Assets

Net Charge-Offs

Delinquencies

Additional Information

4

$-

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

Organic Assets

Assets Acquired

History of Valley National Bank

Founded in 1927

Over the past 82 years, Valley has grown organically and through

the acquisition of 28 financial institutions

CAGR = Compounded annual growth rate

Organic CAGR = 9.03%

Total CAGR = 12.08%

5

Valley National Bank Today

Regional Bank Holding Company

Over $14.4 Billion in Assets

Headquartered in Wayne, New Jersey

44   Largest United States Chartered Commercial Bank

Largest Commercial Bank

Headquartered in New Jersey

Operates 194 Branches in 132 Communities Serving 14

counties throughout Northern and Central New Jersey,

Manhattan, Brooklyn and Queens

Big Bank –

Act Like Small Privately Owned Company

Sound Asset Quality

Strong Financial Performance

Consistent Shareholder Returns

Currently Traded on the NYSE (VLY)

th

6

Executive Management

Office of the Chairman

Seven senior executives offering strong senior

management succession

Tenured at Valley for a combined 169 years

24 years on average

Backgrounds include:

Regulatory experience

CEO’s of acquired financial institutions

Senior executives with national exposure working for local

NJ/NY companies

Mortgage banking & thrift experience

7

Footprint & Demographics

New Jersey’s Marketplace

$224,096,843

$72,646

8,890,186

NJ Total

$68,108,730

$67,085

2,962,682

Balance of NJ

Marketplace

$155,988,113

$77,942

5,927,504

Valley’s NJ

Marketplace

Total Market

Deposits

(thousands)

Median

Household

Income

Population

Region

Valley’s NJ Marketplace

*Source: SNL Financial Inc.

8

Valley’s Emerging NJ Market

Valley’s Core NJ Market Place

Branches Under Construction

Current Branches

Footprint & Demographics

Valley’s Core New Jersey Market

Total

Market

Deposits

-

$98,096,065

Market Average Deposits per Branch

$68,264

Valley Branches –

139

Valley Branches with Deposits Greater than

Market Average –

28

Valley’s Market Share -

7.01%

Valley’s Emerging New Jersey Market

Total Market Deposits -

$56,182,451

Market Average Deposits per Branch

$60,557

Existing Valley Branches –

36

Branches

Under

Construction

–

4

Valley’s Market Share –

1.66%

*Source: SNL Financial Inc.

9

Footprint & Demographics

Valley’s Emerging Manhattan Market

Total Market Deposits -

$384,229,192

Market Average Deposits per Branch

$561,460

Existing

Valley

Branches

–

14

Valley’s Market Share –

0.30%

Valley’s Emerging Queens Market

Total Market Deposits -

$32,311,175

Market Average Deposits per Branch $94,299

Existing

Valley

Branches

–

3

Branches

Under

Construction

-

3

Valley’s Market Share –

0.18%

Valley’s Emerging Brooklyn/Kings Market

Total Market Deposits -

$29,787,925

Market Average Deposits per Branch $95,524

Existing

Valley

Branches

–

5

Branches

Under

Construction

-

4

Valley’s Market Share –

0.35%

Valley’s Emerging NYC Markets

Branches Under Construction

Current Branches

*Source: SNL Financial Inc.

10

Asset and Loan Composition

Loans

68%

Cash &

Securities

23%

Other Assets

7%*

Intangible Assets

2%

Total Assets = $14.4 Billion

*Other Assets includes bank owned branch locations carried

at a cost estimated to be $200 million under market value

As of 03/31/09

Commercial

Loans

19%

Construction

Loans 5%

Residential

Mortgages

22%

Commercial

Mortgages

34%

Consumer

Loans

20%

Total Loans = $9.8 Billion

11

Total Commercial Real Estate -

$3,666MM

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

structure and does not reflect loan classifications reported in Valley’s

SEC and bank regulatory reports.

As of 12/31/08

23%

19%

12%

12%

9%

6%

5%

3%

1%

1%

3%

5%

6%

9%

10%

11%

12%

20%

23%

% of

Total

52%

59%

48%

58%

53%

43%

55%

48%

52%

52%

LTV

354

Apartments

423

Office

424

Mixed Use

725

Industrial

839

Retail

50

Other

114

Land Loans

188

Specialty

211

Healthcare

338

Residential

$ Amount

(Millions)

Primary Property Type

Commercial Real Estate Composition

12

CRE Property Valuation Stress Test

20% Decrease in Valuation

Less than

50%

80% and

Greater

50% - 79%

5%

80% and Greater

56%

50% to 79%

40%

Less than 50%

% of Total Loans with

Current LTV

LTV Categories

32%

80% and Greater

40%

50% to 79%

28%

Less than 50%

% of Total Loans with

20% Decrease in Property Valuation

LTV Categories

As of 12/31/08

Current LTV

Less than

50%

80% and

Greater

50% - 79%

13

25%

23%

20%

12%

6%

5%

5%

4%

Total Retail Property Types -

$839MM

12%

Auto Dealership

20%

Multi-Tenanted

Retail

–

No

Anchor

23%

Single Tenant Retail

25%

Multi-Tenanted

Retail

–

Anchor

% of Retail

Property

Type

Retail Property Type

Private Education Facilities

Private & Public Clubs

Other

Food Establishments

4%

5%

5%

6%

As of 12/31/08

Commercial Real Composition

14

Investment Portfolio

GSE

MBS

(FNMA/FHLMC)

41%

GSE

MBS

(GNMA)

21%

Single Issuer Trust Preferred

12%

Other 11% (Fed Reserve & Federal

Home Loan Bank, FDIC Guaranteed

Corp Bonds)

State, County, Municipals 8%

Private Label MBS 5%

Corporate Bonds 2%

Investment Portfolio = $2.6 Billion

As of 03/31/09

State, County,

Municipals

Corporate Bonds

Other

Single Issuer

Trust Preferred

Private

Label MBS

GSE MBS

(GNMA)

GSE MBS

(FNMA/FHLMC)

15

AAA Rated

Not Rated

AA Rated

A Rated

Non-Investment

Grade

BBB Rated

Securities by Investment Grade

As of 12/31/08

AAA Rated 76%

AA Rated 7%

A Rated 8%

BBB Rated 2%

Non-Investment Grade <1%

Not Rated 6%

16

Deposits and Borrowings Composition

Total Deposits

72%

Short-term

borrowings

2%

Long-term

borrowings

23%

Other Liabilities

3%

Total Liabilities = $13.0 Billion

As of 03/31/09

Non-Interest

Bearing

23%

Interest

Bearing

38%

Time

Deposits

39%

Total Deposits = $9.4 Billion

17

*  Per

share

data

reflects

the

5%

common

stock

dividend

declared

on

April

14,

2009.

**1Q

2009,

2008

and

2007

include

$1.4

million,

$49.9

million

and

$10.4

million,

respectively,

in

after

tax

other than temporary impairment charges on investment securities.

Historical Financial Data (1989-3/2009)*

(Dollars in millions, except for share data)

1Q 2009

14,430

$   

37.4

$           

0.23

$            

1.03

%

10.83

%

0.19

$                 

5/09 -

5%

Stock Dividend

2008

14,718

93.6

0.67

0.69

8.74

0.76

5/08 -

5%

Stock Dividend

2007

12,749

153.2

1.15

1.25

16.43

0.76

5/07 -

5%

Stock Dividend

2006

12,395

163.7

1.21

1.33

17.24

0.74

5/06 -

5%

Stock Dividend

2005

12,436

163.4

1.23

1.39

19.17

0.72

5/05 -

5%

Stock Dividend

2004

10,763

154.4

1.22

1.51

22.77

0.70

5/04 -

5%

Stock Dividend

2003

9,873

153.4

1.21

1.63

24.21

0.66

5/03 -

5%

Stock Dividend

2002

9,148

154.6

1.17

1.78

23.59

0.63

5/02 -

5:4

Stock Split

2001

8,590

135.2

0.99

1.68

19.70

0.59

5/01 -

5%

Stock Dividend

2000

6,426

106.8

0.95

1.72

20.28

0.56

5/00 -

5%

Stock Dividend

1999

6,360

106.3

0.89

1.75

18.35

0.53

5/99 -

5%

Stock Dividend

1998

5,541

97.3

0.86

1.82

18.47

0.48

5/98 -

5:4

Stock Split

1997

5,091

85.0

0.78

1.67

18.88

0.41

5/97 -

5%

Stock Dividend

1996

4,687

67.5

0.69

1.47

17.23

0.37

5/96 -

5%

Stock Dividend

1995

4,586

62.6

0.63

1.40

16.60

0.35

5/95 -

5%

Stock Dividend

1994

3,744

59.0

0.70

1.60

20.03

0.34

5/94 -

10%

Stock Dividend

1993

3,605

56.4

0.68

1.62

21.42

0.27

4/93 -

5:4

Stock Split

1992

3,357

43.4

0.53

1.36

19.17

0.24

4/92 -

3:2

Stock Split

1991

3,055

31.7

0.39

1.29

15.40

0.23

1990

2,149

28.6

0.35

1.44

14.54

0.23

1989

1,975

36.0

0.44

1.92

19.93

0.22

Year End

Total

Assets

Net Income

Common Stock Splits and

Dividends

Diluted

Earnings Per

Common

Share

Return on

Average

Assets

Return on

Average

Equity

Cash Dividends

Declared Per

Common Share

Shareholder Returns

18

Shareholder Returns

100%

-13%

-25%

6%

-10%

-45%

-17%

-35%

-56%

-80%

-60%

-40%

-20%

0%

20%

40%

60%

80%

100%

10 Year Total Return

5 Year Total Return

1 Year Total Return

VLY

S&P 500

KBW Bank Index

Source: Bloomberg

*10 yr and 5 yr total returns through 12/31/08

**1 yr total return through 4/9/09

19

Valley’s 1Q 2009 Highlights

Credit Quality

Total 30+ day delinquencies: 1.34%

Out of approximately 24,000 residential mortgages and home

equity loans, only 0.91% were past due 30 days or more

Net charge-offs were only $7.2 million or 0.29% of average total

loans

Total non-performing loans were only 0.48% of total loans

Other Events

1Q Net Income was $37.4 million or $0.23 per diluted EPS*

Analysts’

Mean Estimates: $0.20 per diluted EPS**

Continued strong capital ratios

OTTI credit impairment charge (after tax) of $1.4 million or less

than $0.01 per diluted EPS*

*Earnings per Common Share

** Not adjusted for recently declared 5% stock dividend

20

Loan Quality  2003 -

2008

21

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%

1.80%

Valley Total Loans

FDIC Insured Commercial Banks Total Loans

Valley Residential Mortgages

FDIC Insured Commercial Banks Residential Mortgages

Valley Home Equity

FDIC Insured Commercial Banks Home Equity

*Source –

FDIC

Recession

22

Valley’s Long-Term 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

Maintain strong capital position

Consistently generate solid shareholder returns

23

Valley

National Bank

Additional Information

24

History

of Valley

National Bank

Founded in 1927 as The Passaic Park Trust Co.

1956

Purchased

The

Bank

of

Allwood

-

Clifton

1976 The Name Valley National Bank Chosen

1976 Acquired The Bank of Wayne

1977

Acquired

Bankers

National

Bank

-

Elmwood

Park

1981

Acquired

Liberty

National

Bank

-

Hillsdale

1982 Acquired Fair Lawn State Bank

1983 Formed Valley National Bancorp

1984 Purchased First National Bank & Trust Co. of Kearny

1990

Purchased

Mayflower

Savings

Bank

-

Livingston

1991 Acquired the Deposits from RTC for

North

Jersey

Savings

-

Clifton

First

Jersey

Savings

-

Wyckoff

Nutley Savings

Yorkwood

Savings (Warren)

1992

Acquired

Powder

Mill

Bank

-

Morris

Plains

1993

Acquired

People's

Bank

-

Fairfield

1994

Acquired

Rock

Bank

-

N.

Plainfield

1995

Acquired

American

Union

Bank

–

Union

1995

Acquired

Lakeland

Savings

Bank

–

Succasunna

1997

Acquired

Midland

Bancorp

–

Paramus

1998

Acquired

Wayne

Bancorp

1999

Acquired

Commonwealth

All

Service

Title

Agency

1999

Acquired

Ramapo

Financial

Corporation

–

Wayne

1999

Acquired

New

Century

Asset

Management

Co.

2000

Acquired

Hallmark

Capital

Management,

Inc.

2001

Acquired

Merchants

Bank

of

New

York

2001

Formed

Valley

Commercial

Capital,

LLC

2002

Acquired

Masters

Coverage

Corp.

2002

Acquired

NIA/Lawyers

Title

Agency,

LLC

2005

Acquired

Shrewsbury

State

Bank

2005

Acquired

NorCrown

Bank

–

Livingston

2008

Acquired

Greater

Community

Bank

-

Totowa

Valley’s 28 acquisitions have included commercial banks,

savings and loans banks, title agencies, asset

management companies and an insurance company

among others

25

Valley

National Bank Today

Subsidiaries include:

Mortgage servicing company

$3.2 billion in serviced mortgages

Title insurance agency

Asset management advisors (SEC registered) and Trust

services

$786 million in assets under management

All-line insurance agency

Offers property, casualty, life and health insurance

Commercial equipment leasing & financing for general

aviation aircrafts

Healthcare equipment leasing

26

Footprint & Demographics

$54,749

United States

$58,692

New York

$72,646

New Jersey

Median Household Income*

Least Income

Most Income

*Source: SNL Financial Inc.

27

(Most Densely Populated State)

Footprint & Demographics

Least Densely Populated

Most Densely Populated

Per km  

Per square mile

Country/State

New York

New Jersey

United States

33.28

86.2

157.81

408.7

452.16

1,171.1

Population Density*

*Source: SNL Financial Inc.

2

28

Executive Management

Gerald Lipkin

Chairman of the Board, President &

Chief Executive Officer

Tenured with Valley since 1975

Chairman and Chief Executive Officer since 1989

President since 1996

As chairman, has been instrumental the acquisition of 22 financial

institutions

Vice Chairman and Member of the Executive Committee of the New

Jersey Bankers Association

Career in banking since 1963

Former Deputy Regional Administrator, New York Region, U.S.

Comptroller of the Currency

29

Executive Management

Tenured with Valley since 1990

Senior Vice President and Controller in 1998

Executive Vice President since 2000

Oversees Finance, Accounting, Treasury, Wealth Management & Shareholder

Relations

Career in banking since 1976

Residential Financial Corporation –

Commercial Mortgage Broker

Suburban

Savings

and

Loan

–

Executive

Vice

President

Employed at both local and national CPA Firms

Member American Institute of CPA’s and New Jersey State Society of

CPA’s

Alan Eskow

Executive Vice President

Chief Financial Officer

30

Executive Management

Tenured with Valley since 1977

Executive Officer since 1990

Oversees Retail Banking Network of 194 Branches, Bank Operations,

Information Technology and Administration

Provided oversight for the 3 most recent acquisitions of Greater

Community Bank, Shrewsbury State Bank and NorCrown

Bank

Career in banking since 1977

Held a variety of positions with the bank, including Branch Banking,

Lending and Operations

Peter Crocitto

Executive Vice President

Chief Operating Officer

31

Executive Management

Tenured with Valley since 1997

Executive Officer in since 1997

Oversees Commercial Lending, Commercial Real Estate Lending, SBA,

Community

Lending,

Aircraft

Finance,

Leasing,

Cash

Management,

Government Banking, Legal and Special Assets

Career in banking since 1969

Former President and CEO of Midland Bancorporation and Midland Bank

and Trust for 6 years

Former President and CEO of First Jersey National Bank/Central

(subsidiary of First Jersey National Corp ) for 5 years

Robert Meyer

Executive Vice President

Chief Commercial Lending Officer

32

Executive Management

Tenured with Valley since 1996

Executive Officer since 1998

Oversees Residential 1

st

& 2

nd

Mortgage, Auto, Floor Plan, Credit/Debit Cards,

Personal Loans and Auto Loan Servicing

Oversees mortgage loan servicing subsidiary servicing $3.2 billion in

mortgage loans (purchased and originated)

Career in banking since 1970

Executive VP of America’s largest, privately held Realtor’s mortgage

affiliate

Over 37 years of mortgage lending / banking experience

Al Engel

Executive Vice President

Chief Retail Lending Officer

33

Executive Management

Tenured with Valley since 1991

Executive since 1991

Oversees

Information

Technology,

Bank

Operations,

Facilities

and

Security

Former President of Wealth Management and head of Retail Banking

Career in banking since 1969

Former President & CEO of Pilgrim State Bank for 3 years

Former President & COO of 1   National Bank & Trust Co. of Kearny for 18

years

Robert Mulligan

First Senior Vice President

Chief Administrative Officer

st

34

Executive Management

Tenured with Valley since 1990

Executive Officer since 1992

Oversees all credit risk exposure within the Bank

Former Head of New Jersey Commercial Lending Division and Former

Chief Credit Policy and Administration Officer

Career in banking since 1968

National Bank Examiner, U.S. Comptroller of the Currency for over 10

years

Director, EVP and Chief Credit Officer Peoples National Bank of North

Jersey

President and CEO of two de novo Banks

Robert Farrell

First Senior Vice President

Chief Credit Officer

35

Asset & Income Growth

$-

$20

$40

$60

$80

$100

$120

$140

$160

$180

$-

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

Net Income

Total Assets

*Annualized Net Income for 1Q 2009

36

Shareholder Returns

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70

$0.80

Dividend Per Common Share

37

Net Charge-offs to Average Loans*

*Source -

SNL Financial As of 12/31/08

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

2003 -

2008

1Q 2009

0.12%

0.34%

0.40%

1.01%

0.00%

0.21%

0.00%

0.55%

0.24%

0.49%

0.02%

0.11%

0.01%

0.17%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

Net Charge-offs to Average Loans (%)

Total Loans

Consumer

Home Equity

Construction &

Development

Commercial Loans

Commercial Real Estate

1-4 Family

Peer Group

0.29%

0.49%

0.00%

0.00%

0.18%

0.00%

0.00%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

Net Charge-offs to Average Loans (%)

Total Loans

Consumer

Home Equity

Construction &

Development

Commercial Loans

Commercial Real Estate

1-4 Family

Valley

38

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

39

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

40

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%

1.80%

Valley

FDIC Insured Commercial Banks

Home Equity

Recession

*Valley’s

increase

between

1993

–

1997

is

mainly

attributable

to

acquisitions

Source –

FDIC

41

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

42

1

2

3

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 December 31, 2008 MBA data

3

Reflects December 31, 2008 delinquency rates

4

Reflects December 31, 2008 ABA Home Equity Loan data

30 day + Delinquency Rate

Valley Customer Profile

0.21%

3.14%

4

Home Equity Loans

23.89%

7.88%

Industry

N/A

Sub-prime Loans

0.94%

Residential Mortgage

Valley

rd

43

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