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) January 23, 1998
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)
(973) 305-8800
(Registrant's telephone number, including area code)
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Item 5. Other Events
On January 23, 1998, Valley National Bancorp ("Valley") issued a press release
announcing that The Board of Directors had authorized the purchase of up to
1,000,000 shares of the company's outstanding common stock. Purchases may be
made from time to time in the open market or in privately negotiated
transactions, at prices not exceeding prevailing market rates. Reacquired shares
are expected to be held in treasury to be used for employee benefit programs.
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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.
VALLEY NATIONAL BANCORP
Dated: January 23, 1998 By: /s/ Alan D. Eskow
Alan D. Eskow
Principal Accounting Officer
and Corporate Secretary
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INDEX TO EXHIBITS
99 Press Release dated January 23, 1998
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Item 7 EXHIBIT 99
Valley National Bank Contact:
1455 Valley Road
Wayne, NJ 07470 Alan D. Eskow
Senior Vice President
(973) 305-4003
VALLEY NATIONAL BANCORP'S BOARD OF DIRECTORS AUTHORIZES THE
REPURCHASE OF UP TO 1,000,000 SHARES
Wayne, NJ, January 23, 1998 - Valley National Bancorp (NYSE:VLY) announced that
its Board of Directors has authorized the purchase of up to 1,000,000 shares of
the company's outstanding common stock. Purchases may be made from time to time
in the open market or in privately negotiated transactions at prices not
exceeding prevailing market rates. Valley currently has 42,359,526 common shares
outstanding. Reacquired shares are expected to be held in treasury to be used
for employee benefit programs.
