Valley National Bancorp Investor Presentation Materials

RBC Financial Institutions Conference

September 24-26, 2007

Exhibit 99.1

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"

similar

expressions

identify

forward

looking

statements.

Readers

are

advised

not

place

undue

reliance

these

forward

looking

statements

they

are

influenced

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:

unanticipated changes in the direction of interest rates;

volatility in earnings due to certain financial assets and liabilities held at fair value;

competition from banks and other financial institutions;

changes in loan, investment and mortgage prepayment assumptions;

a higher level of net loan charge-offs and delinquencies than anticipated;

insufficient allowance for loan losses;

changes in relationships with major customers;

changes in effective income tax rates;

higher or lower cash flow levels than anticipated;

inability to hire and retain qualified employees;

slowdown in levels of deposit growth;

a decline in the economy in New Jersey and New York;

a decrease in loan origination volume;

a change in legal and regulatory barriers including issues related to compliance with anti-money laundering and

Bank Secrecy Act laws;

adoption and implementation of new accounting pronouncements, including SFAS No. 159;

the development of new tax strategies or the disallowance of prior tax strategies; and

operational risks, including the risk of fraud by employees or outsiders and unanticipated litigation pertaining to

fiduciary responsibility

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

80 Years -

Commercial Bank

Management Longevity/Ownership

Big Bank –

Act Like Small Privately Owned Company

Marketplace

Sound Asset Quality

Strong Financial Performance

Consistent Shareholder Returns

Historical Performance

*Per share data reflects the 5% common stock dividend issued on May 25, 2007

Historical Financial Data (1986-2006)*

(Dollars in millions, except for share data)

Diluted

Year

Total

Net

Earnings

Stock Splits

End

Assets

Income

Per Share

and Dividends

2006

$12,395

$163.7

$1.33

1.33

17.24

0.81

5/06 -

Stock Dividend

2005

12,436

163.4

1.36

1.39

19.17

0.79

5/05 -

Stock Dividend

2004

10,763

154.4

1.34

1.51

22.77

0.77

5/04 -

Stock Dividend

2003

9,873

153.4

1.34

1.63

24.21

0.73

5/03 -

Stock Dividend

2002

9,148

154.6

1.29

1.78

23.59

0.69

5/02 -

5:4

Stock Split

2001

8,590

135.2

1.09

1.68

19.70

0.65

5/01 -

Stock Dividend

2000

6,426

106.8

1.05

1.72

20.28

0.61

5/00 -

Stock Dividend

1999

6,360

106.3

0.99

1.75

18.35

0.58

5/99 -

Stock Dividend

1998

5,541

97.3

0.95

1.82

18.47

0.53

5/98 -

5:4

Stock Split

1997

5,091

85.0

0.86

1.67

18.88

0.46

5/97 -

Stock Dividend

1996

4,687

67.5

0.76

1.47

17.23

0.41

5/96 -

Stock Dividend

1995

4,586

62.6

0.69

1.40

16.60

0.39

5/95 -

Stock Dividend

1994

3,744

59.0

0.77

1.60

20.03

0.37

5/94 -

10%

Stock Dividend

1993

3,605

56.4

0.74

1.62

21.42

0.29

4/93 -

5:4

Stock Split

1992

3,357

43.4

0.58

1.36

19.17

0.26

4/92 -

3:2

Stock Split

1991

3,055

31.7

0.43

1.29

15.40

0.25

1990

2,149

28.6

0.40

1.44

14.54

0.25

1989

1,975

36.0

0.48

1.92

19.93

0.24

1988

1,835

34.2

0.46

2.00

20.96

0.22

7/88 -

3:2

Stock Split

1987

1,663

32.1

0.44

2.02

22.95

0.20

1986

1,615

29.6

0.41

1.99

24.90

0.16

5/86 -

3:2

Stock Split

Return on

Average

Assets

Return on

Average

Equity

Dividends

Per Share

Current Performance

Reflects annual compound growth for the period 2002-2006,

except for diluted EPS, which reflects 2007 YTD EPS vs. 2006 YTD EPS growth rate

Per share data reflects the 5% common stock dividend issued on May 25, 2007

Includes Loans Held for Sale

Includes Retail Repos

As of

6/30/2007

Compound

Annual Growth

Rate

Diluted EPS (YTD)

$0.74

12.12%

Total Assets ($000)

12,319,087

8.04%

Total Loans ($000)

8,186,374

9.80%

Total Deposits ($000)

8,782,064

7.08%

Total Equity ($000)

926,602

11.33%

Return on Equity (Average)

19.25%

21.40%

Return on Tangible Equity (Average)

24.90%

24.33%

Return on Assets (Average)

1.46%

1.53%

Valley’s Performance

Consistent strong performance despite difficult

economic / market forces

Compressed margins

Flat to inverted yield curve

Shift in marketplace to riskier loans, terms and

conditions

Valley’s 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

Valley’s Operational Efficiency

$298,776

$526,853

100,000

200,000

300,000

400,000

500,000

600,000

Occupancy Cost per Branch

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

2000-2007

Data reflects 2

quarter 2007 information as calculated by SNL Financial.

For the first 6 months of 2007, Valley’s efficiency

ratio was 48.05% (exclusive of the financial services division).

52.12%

59.55%

50.00%

52.00%

54.00%

56.00%

58.00%

60.00%

Efficiency Ratio

Valley

Peer Group

Credit Quality

Focus on loan quality and profitability over growth

Proven record of superior asset quality

throughout various economic cycles

Have always abstained from exotic residential

mortgage structures and other volatile products,

including sub-prime loans, option ARM’s and high

loan to value home equity and residential loans

Loan Quality 2002-

6/30/2007

0.38%

0.24%

0.36%

0.11%

0.44%

0.11%

0.32%

0.05%

0.33%

0.12%

0.35%

0.10%

0.00%

0.50%

1.00%

1.50%

2.00%

2002

2003

2004

2005

2006

6/30/2007

Non-Performing Loans to Total Loans

Net Charge-Offs to Average Loans

annualized

Net Charge-offs to Average Loans

2003 -

2006

(average)

2000-2007

0.09%

0.25%

0.28%

1.07%

0.00%

0.03%

0.01%

0.10%

0.23%

0.68%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

Total Loans

Consumer

Home Equity

CRE

C&I

Valley

Peer Group

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

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

Residential Mtg. Customer Profile

750

Current FICO Score

42%

Current Market Value Loan to Value

59%

Original Loan to Value

Residential

Customer

Valley

customer

profile

reflects

independent

portfolio

review

conducted

Fannie

Mae

Reflects July 2007 Indymac servicing data

Reflects July 31, 2007 delinquency rates

30 day + Delinquency Rate

Valley Customer Profile

0.09%

8.23%

Home Equity Loans

22.44%

4.79%

Industry

N/A

Sub-prime Loans

0.33%

Residential Mortgage

Valley

Net Charge-offs to Average Loans

0.00%

0.05%

0.10%

0.15%

0.20%

0.25%

Valley

FDIC Insured Commercial Banks

Residential Mortgages

* Increase

between

1993

–

1996

mainly

attributable

acquisitions

Source –

FDIC

Recession

Net Charge-offs to Average Loans

-0.10%

-0.05%

0.00%

0.05%

0.10%

0.15%

0.20%

0.25%

0.30%

Valley

FDIC Insured Commercial Banks

Home Equity

* Increase

between

1993

–

1996

mainly

attributable

acquisitions

Source –

FDIC

Recession

27%

57%

14%

New Jersey

New York

Pennsylvania

Florida

16%

77%

Total # of Originations -

30,317

2003

Total # of Originations -

52,112*

Qtr. 2007

Consumer Loan Strategy

Expand Geographic Footprint

*Annualized results as of June 30, 2007

Unit numbers reflects indirect dealer auto originations

Commercial Loan Strategy

Aircraft lending and equipment leasing

business lines have grown on average

35.6% annually since inception.

Approximately $200 million in total loan growth.

Healthcare lending business line has grown

126% in the last two years.

Over

$120

million

total

loan

growth.

Valley’s New Jersey and Rockland

County Locations

Current Valley branches

Branches under construction

Branches under Construction

Hackensack II, Bergen County

Upper Montclair, Essex County

Jersey City II, Hudson County

Milltown, Middlesex County

North Brunswick, Middlesex County

North Brunswick II, Middlesex County

Piscataway, Middlesex County

Freehold, Monmouth County

Manalapan, Monmouth County

Chestnut Ridge, Rockland County

Montebello, Rockland County

Valley’s New York City Locations

2000-2007

Current Valley branches

Branches under construction

Deposits reflected represent total industry retail deposits as of June 30, 2006

Branches under Construction

1212 Ave M, Brooklyn

1633 Sheepshead Bay, Brooklyn

1715 Kings Highway, Brooklyn

2054 86

St, Brooklyn

2902 Ave U, Brooklyn

7726 3

Ave, Brooklyn

875 Manhattan Ave, Brooklyn

St and 8

Ave, Manhattan

107 Liberty Ave, Queens

69-20 80

St, Queens

64-01/61-80 Grand Ave, Queens

76-09 Main St, Queens

94-05 63

Drive, Queens

NYC Branch Expansion Highlights

Since initial foray into NYC, with acquisition of

Merchants in 2001, average core deposits have

grown

25%

(exclusive

Novo branches).

Opened 5 De Novo branches in Manhattan since

2003.

Opened 2 De Novo branches in Brooklyn in 2007.

avenue (operating 8 months) -

$41 million in

deposits as of August, 2007.

Ave. J (operating 3 months) -

$25 million in deposits as

of August, 2007.

Valley Shareholder Data

Listed on the NYSE nearly 14 years

Market capitalization exceeds $2.7 billion

52 week average share volume near 300

thousand

Ownership

Inside –

6.88%

Institutional –

24.06%

Current Multiples

Price to Earnings (TTM) –

16.3x

Price to Book –

295.1x

2000-2007

Price and market data as of August 31, 2007

Valley’s Performance

21.89%

16.38%

14.33%

0.00%

6.00%

12.00%

18.00%

24.00%

ROATE

2000-2007

Financial data as of June 30, 2007

Return on average tangible equity has exceeded

20.0% for 25 straight quarters.

1.30%

1.03%

1.05%

0.00%

0.50%

1.00%

1.50%

ROAA

Valley

Asset Size Peer Group

OCC Peer Group

Valley’s Dividend Performance

3.70%

3.00%

2.56%

0.00%

1.00%

2.00%

3.00%

4.00%

Dividend Yield

2000-2007

Price data as of August 31, 2007; Financial data as of June 30, 2007

Cash dividend increased 1,686% during the last

25 years

Annual cash dividend increased 38 of the last 39

years

59.25%

43.88%

39.61%

0.00%

15.00%

30.00%

45.00%

60.00%

Dividend Payout

Valley

Asset Size Peer Group

OCC Peer Group

Future Goals

Maintain a high level of asset quality

Expand branch network

Emphasize business lending

Take advantage of changing banking

environment in the northeast market

Utilize strength of balance sheet to expand

acquisition possibilities

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 our website above or www.sec.gov to obtain free copies

of documents filed by Valley with the SEC

Non-GAAP Disclosure Reconciliation

These materials contain the average five year annual return on average tangible shareholders’

equity, a financial

measure determined by methods other than in accordance with accounting principles generally accepted in the

United States of America (“GAAP”).

The average five year annual return on average tangible shareholders’

equity is computed by dividing the sum of

the return on average tangible shareholders’

equity for the last five annual periods by five. Return on average

tangible shareholders’

equity is computed by dividing net income by average tangible shareholders’

equity. The

most directly comparable GAAP measure, return on average shareholders’

equity, is determined by dividing net

income by average shareholders’

equity. Average tangible shareholders’

equity excludes from average

shareholders’

equity acquisition-related goodwill and other intangible assets. We believe that the presentation of

the average five year annual return on average tangible shareholders’

equity is helpful in understanding our

financial results, as it provides a method to assess our success

in utilizing our tangible capital.

The following table reconciles average tangible shareholders’

equity to average shareholders’

equity for the

periods

used

compute

the

average

five

year

annual

return

average

tangible

shareholders’

equity

presented:

For the six

months ended

6/30/2007

2006

2005

2004

2003

2002

Net income

$89,113

$163,691

$163,449

$154,398

$153,415

$154,616

Average shareholders' equity

925,760

949,613

852,834

678,068

633,744

655,447

Less: Average goodwill and other

intangible assets

(209,956)

(214,338)

(160,607)

(48,805)

(45,716)

(37,463)

Average tangible shareholders' equity

$715,804

$735,275

$692,227

$629,263

$588,028

$617,984

Return on average tangible shareholders' equity

24.90%

22.26%

23.61%

24.54%

26.09%

25.02%

For the years ended December 31,

($ in thousands)