Valley National Bancorp (VLY) 8-K Regulation FD Disclosure

Investor Presentation

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 and its subsequent Quarterly Reports on Form 10-Q.

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

Information For Investors And Shareholders

3

Valley National Bank Today

Regional Bank Holding Company

Over $14.2 Billion in Assets

Headquartered in Wayne, New Jersey

37

th

Largest

United

States

Chartered

Commercial

Bank

Largest Commercial Bank

Headquartered in New Jersey

Operates 199 Branches in 135 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

Traded on the NYSE (VLY)

4

Executive Management

Office of the Chairman

Seven senior executives offering strong senior

management succession

Tenured at Valley for a combined 147 years

21 years on average

Backgrounds include:

Regulatory experience

CEOs of acquired financial institutions

Senior executives with national exposure working for local

NJ/NY companies

Mortgage banking & thrift experience

5

Valley’s Emerging NJ Market

Valley’s Core NJ Market

Branches Under Construction

Current Branches

Footprint & Demographics

Valley’s Core New Jersey Market

Total Market Deposits -

$87.7 billion

Market Average Deposits per Branch $76.0 million

Valley Branches –

136

Branches Under Construction –

1

Valley’s Market Share –

6.63%

Valley’s Emerging New Jersey Market

Total Market Deposits -

$57.1 billion

Market Average Deposits per Branch $68.2 million

Existing Valley Branches –

38

Branches Under Construction –

4

Valley’s Market Share –

1.59%

Source: SNL Financial Inc. as of 06/2009

Headquarters

$245 billion

$73,077

8.8 million

NJ Total

$74 billion

$61,436

2.9 million

Balance of NJ Marketplace

$171 billion

$78,074

5.9 million

Valley’s NJ Marketplace

Total Market

Deposits

Median HH

Income

Population

Region

Valley’s NJ Marketplace

6

Footprint & Demographics

Valley’s Emerging Manhattan Market

Total Market Deposits -

$418.3 billion

Market Average Deposits per Branch $621.6 million

Existing Valley Branches –

14

Valley’s Market Share –

0.28%

Valley’s Emerging Queens Market

Total Market Deposits -

$41.3 billion

Market Average Deposits per Branch $96.3 million

Existing Valley Branches –

4

Branches Under Construction -

2

Valley’s Market Share –

0.17%

Valley’s Emerging Brooklyn/Kings Market

Total Market Deposits -

$34.1 billion

Market Average Deposits per Branch $99.6 million

Existing Valley Branches –

7

Branches Under Construction -

2

Valley’s Market Share –

0.58%

Valley’s Emerging NYC Markets

Branches Under Construction

Current Branches

Source: SNL Financial Inc. as of 06/2009

$288 billion

$52,640

13.0 million

Balance of NY Marketplace

$781 billion

$52,893

19.5 million

NY Total

$493 billion

$57,864

6.5 million

Valley’s NY Marketplace

Total Market

Deposits

Median HH

Income

Population

Region

Valley’s NY Marketplace

7

Intangible

Assets 2%

Other Assets

7%

Cash 4%

Securities 21%

Loans 66%

Asset and Loan Composition

Total Assets = $14.2 Billion

Other Assets includes bank owned branch locations carried at

a cost estimated to be $200 million under current market value.

As of 09/30/09

Commercial

Real Estate

36%

Residential

Mortgages

21%

Commercial

Loans 19%

Construction

Loans 5%

Auto Loans

12%

Other

Consumer

7%

Total Loans = $9.5 Billion

8

Total Commercial Real Estate -

$3,339MM

The 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.  Above chart does not include $405

million in Construction loans.

As of 9/30/09

45%

1%

19

Other

2%

3%

6%

6%

11%

11%

13%

22%

25%

% of

Total

58%

53%

50%

63%

46%

47%

54%

55%

51%

LTV

359

Mixed Use

355

Apartments

435

Office

741

Industrial

841

Retail

72

Land Loans

87

Residential

211

Specialty

219

Healthcare

$ Amount

(Millions)

Primary Property

Type

Commercial Real Estate Composition

25%

22%

13%

11%

11%

6%

6%

3%

2%

1%

9

28%

21%

17%

12%

6%

6%

4%

4%

2%

Total Retail Property Types -

$841MM

44%

4%

Entertainment Facilities

33%

6%

Private & Public Clubs

2%

4%

6%

12%

17%

21%

28%

% of

Total

56%

52%

50%

53%

57%

53%

50%

LTV

Auto Dealership

Multi-Tenanted -

No Anchor

Single Tenant

Multi-Tenanted -

Anchor

Retail Property Type

Auto Servicing

Private Education Facilities

Food Establishments

Above chart does not include construction loans.

As of 9/30/09

Retail Composition of Commercial Real Estate

10

CRE Property Valuation Stress Test

100% and

Greater

Less than

50%

80% - 89%

50% - 79%

90% - 99%

1%

90% to 99%

3%

80% to 89%

58%

50% to 79%

0%

100% and Greater

38%

Less than 50%

% of Total Portfolio

Original LTV Categories

14%

90% to 99%

18%

80% to 89%

38%

50% to 79%

4%

100% and Greater

26%

Less than 50%

% of Total Portfolio

Original LTV Categories

LTV ratios do not include construction loans

As of 12/31/08

Less than

50%

80% - 89%

50% - 79%

90% - 99%

Current LTV

20% Decrease in Property Valuation

11

Total Construction Loans -

$405MM

Construction 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 9/30/09

15%

8%

4%

3%

2%

1%

1%

1%

52%

Construction Loan Composition

1%

5

Specialty

1%

5

Industrial

1%

5

Healthcare

2%

6

Apartments

3%

10

Other

4%

17

Office

8%

32

Retail

13%

54

Land Loans

15%

60

Mixed Use

52%

211

Residential

% of

Total

$ Amount

(Millions)

Primary Property

Type

12

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Commercial Loans

Construction

Residential Mortgage

Commercial Real Estate

Home Equity

Automobile

30 Day + Delinquency Trend

13

Loan Quality  1992 -

2009

Non-Current Loans: Loans and leases 90 days or more past due

plus loans in non accrual status, as a percent of gross loans and leases.

Source –

FDIC

Total Loan Portfolio

14

Loan Quality  1992 -

2009

Residential Mortgages

Valley’s increase between 1993 and 1997 is mainly attributable to acquisitions

Source –

FDIC

Loan Quality  1992 -

2009

Valley’s increase between 1993 and 1997 is mainly attributable to acquisitions

Source –

FDIC

Home Equity

15

16

Net Charge-offs to Average Loans

Source -

SNL Financial As of 11/4/09

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

2003 -

2008

2009 YTD

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

1-4 Family

Peer Group

0.31%

1.17%

1.20%

1.97%

0.00%

0.97%

0.00%

2.76%

0.48%

1.76%

0.01%

0.33%

0.05%

0.85%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

Net Charge-offs to Average Loans (%)

Total Loans

Consumer

Home Equity

Construction &

Development

Commercial Loans

Commercial Real Estate

1-4 Family

Valley

17

Investment Portfolio

GSE MBS (GNMA) 32%

GSE MBS (FNMA/FHLMC) 31%

Single Issuer Trust Preferred 12%

State, County, Municipals 8%

Private Label MBS 5%

Corporate Bonds 5%

Other 5% (Fed Reserve & Federal Home

Loan Bank)

U.S. Treasury 2%

Investment Portfolio = $3.0 Billion

As of 09/30/09

GSE MBS (GNMA)

Other

Trust Preferred

U.S. Treasury

Corporate Bonds

State, County,

Municipals

Private Label MBS

GSE MBS

(FNMA/FHLMC)

18

Securities by Investment Grade

AAA Rated 72%

AA Rated 5%

A Rated 9%

BBB Rated 5%

Non Investment Grade 3%

Not Rated 6%

As of 09/30/09

BBB Rated

AA Rated

A Rated

Non Investment

Grade

Not Rated

AAA Rated

19

Deposits and Borrowings Composition

Total

Deposits

73%

Other

Liabilities 3%

Short-term

borrowings

1%

Long-term

borrowings

23%

Total

Liabilities

=

$12.9

Billion

As of 09/30/09

Savings

43%

Non-

Interest

Bearing

23%

Time

Deposits

34%

Total Deposits = $9.4 Billion

20

Equity Composition / Ratios*

Tangible

Common

Equity 62%

Preferred

Stock 9%

Other Equity

1%

Trust Preferred

13%

Sub-debt 7%

LL Reserve 8%

Total Tier II Equity = $1.4 Billion

Unrealized gain on facilities owned of approximately $200 million

over book, not incorporated in capital ratios reflected above.

*Non-GAAP

reconciliations

presented

on

slides

25

–

27.

As of 09/30/09

$5.87

$8.03

8.46%

12.66%

10.77%

8.97%

7.00%

As

Reported

$5.85

$8.02

7.86%

11.74%

9.85%

8.05%

6.32%

Without

TARP

Tangible Book Value

Book Value

Leverage

Tier II

Tier I

Tangible Common Equity

/ Risk-Weighted Assets

Tangible Common Equity

/ Tangible Assets

Capital Ratios

As Reported

21

Shareholder Returns

Historical Financial Data (1)

(Dollars in millions, except for share data)

9/30/2009

14,232

$   

84.0

$       

0.48

$            

0.78

%

8.24

%

0.57

$                 

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 (2)

Common Stock Splits and

Dividends

Diluted

Earnings Per

Common

Share

Return on

Average

Assets

Return on

Average

Equity

Cash Dividends

Declared Per

Common Share

(1)  All per share amounts have been adjusted retroactively for stock splits                                                    

and stock dividends during the periods presented

(2)

9/30/2009,

2008

and

2007

include

$3.3

million,

$9.9

million

and

$10.4

million,

respectively,

of

after

tax

other than temporary impairment charges on investment securities.

22

Shareholder Returns

41%

-29%

-35%

-27%

-48%

-49%

-22%

-31%

-26%

-80%

-60%

-40%

-20%

0%

20%

40%

60%

10 Year Total Return

5 Year Total Return

1 Year Total Return

VLY

S&P 400 Bank Index

KBW Bank Index

Source: Bloomberg

10 yr, 5yr and 1yr total returns through 10/30/09

23

Valley’s 3Q 2009 Highlights

Credit Quality

Total 30+ day delinquencies were 1.60% of entire loan portfolio

Out of approximately 23,000 residential mortgages and home equity loans, on

average, only 211 loans were past due 30 days

or more

Net charge-offs were only $10.0 million or 0.42% of average total loans on an

annualized basis

Total non-performing loans were only 0.78% of total loans

Net Income

3Q net income was $31.6 million

$6.0 million in accrued preferred stock dividends and accretion ($0.04 EPS*)

$2.8 million non-cash charge on change in fair value of Valley’s junior subordinated

debt ($0.01 EPS*)

Capital

Completed our “at-the-market”

common equity offering of 5.67 million shares for net

proceeds totaling $71.6 million.

Repurchased $125 million ($200 million total) of our TARP preferred stock reducing

the total outstanding balance to $100 million.

Continued strong capital ratios

Tangible Common Equity to Risk-Weighted Assets of 8.97%

*Earnings per common share

24

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

25

Appendix

The subsequent tables present a non-GAAP reconciliation of the following

calculations with and without TARP (where applicable):

Tangible Common Equity to Tangible Assets

Tangible Common Equity to Risk Weighted Assets

Tangible Book Value

Book Value

Tier I Risk Based Capital Ratio

Tier II Risk Based Capital Ratio

Leverage Capital Ratio

26

Non-GAAP disclosure reconciliations

($ in Thousands)

8.05%

8.97%

TCE / RWA

6.32%

7.00%

TCE / TA

Ratios

$10,859,587

$10,859,587

Risk Weighted Assets

874,223

974,223

Total Tangible Shareholder’s Equity

(100,000)

TARP

(309,879)

(309,879)

Intangible Assets

Less:

$1,284,102

$1,284,102

Total Equity

13,821,991

13,921,991

Total Tangible Assets

-309,879

-309,879

Intangible Assets

10,184

10,184

Add: Servicing Intangibles

(24,365)

(24,365)

Intangible Assets

(295,698)

(295,698)

Goodwill

Less:

$14,131,870

$14,231,870

Total Assets

Without

TARP

As

Reported

*All data as of 09/30/09

$5.85

$5.87

Tangible Book Value

$864,039

$866,414

Tangible

shareholders’

equity

for

book

value

purposes

(320,063)

(320,063)

Less: Average goodwill and other intangible

assets

0

(97,625)

Less: Preferred stock (net of discount)

$1,184,102

$1,284,102

Shareholders’

equity

147,670,080

147,670,080

Common Shares outstanding

Tangible book value per common share

$8.02

$8.03

Book Value

$1,184,102

$1,186,477

Net Equity Available

0

(97,625)

Less: Preferred Stock (net of discount)

$1,184,102

$1,284,102

Shareholders’

Equity

147,670,080

147,670,080

Common Shares Outstanding

Book Value Calculation

Without

TARP

As

Reported

0

27

Non-GAAP disclosure reconciliations

($ in Thousands)

11.74%

12.66%

Tier II Ratio w/out TARP

10,859,587

10,859,587

Risk Weighted Assets

1,274,943

1,374,943

Adjusted Tier II Equity

(100,000)

0

Less: TARP

$1,374,943

$1,374,943

Reported Tier II Equity

TIER II Ratio Calculation

9.85%

10.77%

Tier I Ratio w/out TARP

$10,859,587

$10,859,587

Risk Weighted Assets

1,069,889

1,169,889

Adjusted Tier I Equity

(100,000)

0

Less: TARP

$1,169,889

$1,169,889

Reported Tier I Equity

TIER I Ratio Calculation

Without

TARP

As

Reported

*All data as of 09/30/09

7.86%

8.46%

Leverage Ratio w/out TARP

1,069,889

1,169,889

Adjusted Tier I Equity

(100,000)

0

Less: TARP

$1,169,889

$1,169,889

Reported Tier I Equity

13,606,948

13,824,256

Adjusted Average Assets

(217,308)

0

Less: TARP (Average for Period)

$13,824,256

$13,824,256

Reported Average Assets

Leverage Ratio Calculation

Without

TARP

As

Reported