Valley National Bancorp Sets Record and Payment Date for Common Dividend

WAYNE, N.J., Feb. 29 /PRNewswire-FirstCall/ -- Valley National Bancorp (NYSE:VLY), the holding company for Valley National Bank, announced that a common stock dividend of $0.21 per share will be paid April 1, 2008 to shareholders of record on March 7, 2008.

Valley National Bancorp is a regional bank holding company with over $12 billion in assets, headquartered in Wayne, New Jersey. Its principal subsidiary, Valley National Bank, currently operates 176 branches in 115 communities serving 14 counties throughout northern and central New Jersey, Manhattan, Brooklyn, and Queens. Valley National Bank is one of the largest commercial banks headquartered in New Jersey and is committed to providing the most convenient service, the latest in product innovations and an experienced and knowledgeable staff with a high priority on friendly customer service 24 hours a day, 7 days a week. Valley National Bank offers a wide range of deposit products, mortgage loans and cash management services to consumers and businesses including products tailored for the medical, insurance and leasing business. Valley National Bank's comprehensive delivery channels enables customers to bank in person, by telephone or online.

For more information about Valley National Bank and its products and services, please visit www.valleynationalbank.com or call Customer Service 24/7 at 1-800-522-4100.

First Call Analyst:
FCMN Contact: gvilliotti@valleynationalbank.com

Source: Valley National Bancorp

CONTACT: Alan D. Eskow, Executive Vice President & Chief Financial
Officer, Valley National Bancorp, +1-973-305-4003

Web site: http://www.valleynationalbank.com/

Company News On-Call: http://www.prnewswire.com/comp/141340.html

2008-02-29 18:04:28 0302098 PRNEWSWIRE