EX-99.1 2 dex991.htm VALLEY NATIONAL BANCORP INVESTOR PRESENTATION MATERIALS. Valley National Bancorp Investor Presentation Materials.
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