SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 30, 1995
VALLEY NATIONAL BANCORP
(Exact name of registrant as specified in its charter)
New Jersey
(State or other jurisdiction of incorporation)
0-11179 22-2477875
(Commission File Number) (IRS Employer Identification No.)
1455 Valley Road, Wayne, New Jersey 07470
(Address of principal executive offices)
(201) 305-8800
(Registrant's telephone number, including area code)
Item 5. Other Events.
On November 30, 1995, Valley National Bancorp ("Valley")
issued a press release announcing that it had authorized the
purchase of up to 500,000 shares of its outstanding common stock.
Purchases may be made from time to time through 1996 in the open
market or in privately negotiated transactions. Valley currently
has 35,624,039 common shares outstanding.
The acquired shares are to be held in treasury to be used for
employee benefit programs, the exercise of outstanding warrants
that expire December 31, 1995 and other general corporate purposes.
Valley's Board of Directors approved in April the repurchase of
500,000 shares. Under that authorization, Valley had purchased
387,960 shares at a total cost of approximately $9.3 million.
Warrants and stock options exercised since April 1995 amounted to
approximately 238,992 shares.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
Dated: _________________ By: /S/Alan D. Eskow
Alan D. Eskow
Senior Vice President
INDEX TO EXHIBITS
99 Press Release dated November 30, 1995
<EXHIBIT> 99
EXHIBIT 99
CONTACT:
Ed Belak Alan Eskow
Georgeson & Co. Valley National Bancorp
212-440-9801 201-305-4003
November 30, 1995
Valley National Bancorp (NYSE:VLY) announced today that its' Board
of Directors authorized the purchase of up to 500,000 shares of its
outstanding common stock. Purchases may be made from time to time
through 1996 in the open market or in privately negotiated
transactions. Valley currently has 35,624,039 common shares
outstanding.
The acquired shares are to be held in treasury to be used for
employee benefit programs, the exercise of outstanding warrants
that expire December 31, 1995 and other general corporate purposes.
Valley's Board of Directors approved in April the repurchase of
500,000 shares. Under that authorization, Valley had purchased
387,960 shares at a total cost of approximately $9.3 million.
Warrants and stock options exercised since April 1995 amounted to
approximately 238,992 shares.
</EXHIBIT>
