Valley National Bancorp 8K This presentation contains forward looking statements concerning | VLY 25 Oct 05

Exhibit 99.1

LOGO

Investor Presentation October 25, 2005

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:

Increased competitive pressure among banking and/or financial services

companies

Adverse changes in the interest rate environment, causing reduced interest

margins

Unexpected changes in the debt securities market

Decline in general economic conditions, whether nationally or in

the market areas

where Valley operates

New legislation or regulatory changes that may disrupt the course of business

The disallowance of prior tax strategies and changes in the effective income tax

rate

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

any reason.

Information For Investors And Shareholders

Overview of Valley National Bancorp

78 Year Commercial Banking History

Listed on the NYSE: VLY (eleven years as of December 5, 2004)

Consistent Shareholder Returns

Strong Financial Performance

Sound Asset Quality

Management Longevity/Ownership

Marketplace

Marketing Opportunity

Business Lending Initiative

60 Miles from Wayne

60 Minutes from Wayne

Valley National Bancorp’s

Concentrated Focus and Market Share

8.87

Sussex

8.95

Essex

6.33

Morris

5.29

Warren

4.60

Bergen

2.53

Monmouth

1.69

Somerset

1.56

Union

1.33

Hudson

0.25

Middlesex

0.34

Manhattan

27.59%

Passaic

Deposit

Market Share

Valley

Offices

County

Acquisition Strategy

Target

Closing

Date

Target Total

Assets

($000)

NorCrown Bank

6/3/2005

621,966

Shrewsbury Bancorp

3/31/2005

424,588

Merchants New York Bancorp, Inc

1/19/2001

1,369,676

Ramapo Financial Corporation

6/11/1999

327,779

Wayne Bancorp, Inc

10/16/1998

272,007

Midland Bancorporation, Inc

2/28/1997

405,027

Lakeland First Financial Group, Inc

6/30/1995

661,393

American Union Bank

2/28/1995

53,695

Rock Financial Corporation

11/30/1994

187,378

Peoples Bank

6/18/1993

217,161

Mayflower Financial Corporation

12/31/1990

122,760

Focused Growth

New Jersey

Cranford, Union County

Denville, Morris County

Edison, Middlesex County

Freehold, Monmouth County

Hackensack, Bergen County

Hillsborough, Somerset County

Keansburg, Monmouth County

Manalapan, Monmouth County

Milltown, Middlesex County

North Brunswick, Middlesex County

North Brunswick II, Middlesex County

Paterson, Passaic County

River Vale, Bergen County

Woodbridge, Middlesex County

Expansion concentration within 1 Hour of Wayne

Seeking to fill in and expand to contiguous counties

Properties under construction/contract include:

Manhattan

Church Street & Franklin Street

Hudson Street & Laight Street

18th

Street & Eighth Avenue

88th

Street & Third Avenue

Denovo Profitability

as of June 30, 2005

7,012,780

1,184,480

1,100,244

783,732

1,916,796

169,364

1,666,504

191,680

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

Total Denovo

1998

1999

2000

2001

2002

2003

2004

500,000

1,000,000

1,500,000

2,000,000

2,500,000

Year opened

26%

23%

24%

27%

Commercial Loans

Commercial Mortgages

Residential Mortgages

Consumer Loans

($ in millions)

25%

24%

26%

Total Loans $6,934*

Pre-merger

Total Loans $8,083

Post-merger

Total Loan Portfolio Composition

as of September 30, 2005

* Balance as of December 31, 2004.

Competitive Advantage

Commercial Lending

Customer access to senior

management

Service and relationship oriented

All decision makers are local

Diversified loan portfolio

Market trend awareness and

adaptability

Longevity in marketplace

Exceptional distribution network

Quick turn around time

Flexibility with respect to terms

Consumer Lending

Unequivocal reputation and recognition

High efficiency

Preferred* auto lender in New Jersey

Quick turn-around time

Longevity in marketplace

Exceptional distribution network

Competitive products

FICO Score-based Tiered Lending

Instant Credit program

*Preferred Lender for AAA auto club of New Jersey

Loan Portfolio Growth 2001-2005

2.75%

8.08%

7.11%

12.34%

16.57%*

0.00%

3.00%

6.00%

9.00%

12.00%

15.00%

18.00%

2001

2002

2003

2004

9/30/2005

(annualized)

* Includes loans acquired in connection with the Shrewsbury and NorCrown acquisitions,

totaling

approximately

$276

million

and

$413

million,

respectively.

Valley National Bank -

Sensitivity Analysis

Repricing

Loan Cash Flow in One Year

20.92%

22.68%

22.33%

23.39%

22.15%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

12/31/2001

12/31/2002

12/31/2003

12/31/2004

Sept. 30, 2005

Prime-Based Loans

Reprice Cash Flow

Non-Performing Loans as a % of Loans

2000-2005

0.07%

0.35%

0.37%

0.36%

0.44%

0.30%

0.00%

0.50%

1.00%

1.50%

2.00%

2000

2001

2002

2003

2004

9/30/2005

Year

Net Charge-Offs to Average Loans

2000-2005

0.26%

0.27%

0.24%

0.11%

0.05%

0.00%

0.50%

1.00%

1.50%

2.00%

2000

2001

2002

2003

2004

9/30/2005

Year

(annualized)

28%

23%

49%

Non-Interest Bearing

Savings

Time

($ in millions)

47%

24%

29%

Total Deposits $7,519*

Pre-merger

Total Deposits $8,691

Post-merger

Total Deposits

as of September 30, 2005

* Balance as of December 31, 2004.

Strong Capital Position

Includes $200 Million Trust Preferred Issued November 2001.

Total Capital Ratio Includes

$100 Million Sub-debt Issued July 2005.

7.75%

10.13%

12.03%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

2000

2001

2002

2003

2004

9/30/2005

Leverage Ratio

Tier 1 Ratio

Total Capital Ratio

Unrealized Capital Position

(as of September 30, 2005)

Marked-to-Market Facilities

Number of facilities owned -

Book value of facilities owned –

$82 Million

Approximate Market Value of

Facilities owned -

$280 Million

Net Income Per Diluted Share

1.16

1.20

(1)

1.43

(2)

1.48

1.49

1.10

$0.25

$0.75

$1.25

$1.75

2000

2001

2002

2003

2004

YTD

9/30/2005

Share data is adjusted to reflect the 5 percent stock dividend issued on May 20,2005.

(1)

Amount

for

2001

includes

merger-related

charges

$7.0

million

for

Merchants

acquisition.

(2)

Includes

tax

benefit

due

restructuring

subsidiary

into

REIT

$8.75

million.

.13

.16

.21

.23

.26

.27

.28

.32

.38

.42

.44

.49

.56

.62

.67

.71

.75

.80

.84

Annual Dividend paid, adjusted for stock splits and stock

dividends.

Current annual rate is $0.88 per share

Dividend Growth Per Share

Valley’s Performance

(Trailing 12 Months)

3.74%

1.59%

3.21%

2.49%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

Dividend Yield

15.07

15.36

15.35

15.02

14.80

14.90

15.00

15.10

15.20

15.30

15.40

Price to Earnings

19.96%

11.04%

13.50%

18.90%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

18.00%

20.00%

ROAE

Valley

SNL National Public Median

SNL Suggested Regional

SNL Suggested Highly Valued

2000-2005

Data as of October 23, 2005

Total Returns –

9/30/00 –

9/30/05*

51.03%

-5.93%

-7.22%

-10%

10%

20%

30%

40%

50%

60%

Valley

Russell 1000 Index

S&P Index

8.59%

Annual

-1.21%

Annual

-1.49%

Annual

*Source-

Bloomberg

Future Goals

Maintain exceptional asset quality

Remain aggressive and active in the lending

community

Emphasize business lending

Take advantage of changing market in the Tri-State

area

Focused growth within sixty miles of Valley’s

headquarters through new branches and acquisitions

of other financial institutions with a similar customer

culture

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, Senior Vice President

Director of Shareholder & Public Relations

Log onto www.sec.gov

to obtain free copies of documents filed by

Valley with the SEC

Valley National Bancorp (VLY) 8-KThis presentation contains forward looking statements concerning