Item 8.01 Other Events.

On September 16, 2009, Valley National Bancorp ("Valley") announced that it received approval from the U.S. Department of the Treasury (the "Treasury") for its request to redeem an additional $125 million of Valley's Series A Fixed Rate Cumulative Perpetual Preferred Stock (the "Preferred Stock") issued to the Treasury pursuant to the Troubled Asset Relief Program Capital Purchase Program. Of the $300 million of Preferred Stock originally issued to the Treasury in November 2008, $75 million was previously redeemed by Valley. On September 23, 2009, Valley expects to pay approximately $125.7 million to the Treasury to repurchase the shares of Preferred Stock, including accrued and unpaid dividends for such shares. Valley's redemption of the Preferred Stock is not subject to additional conditions or stipulations from the Treasury. A copy of the press release is attached hereto as Exhibit 99 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit
99 Press Release dated September 16, 2009.

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