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) April 28, 1999
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 April 28, 1999, Valley National Bancorp ("Valley") issued a press release
announcing that The Board of Directors had authorized the purchase of up to
2,750,000 shares of the company's outstanding common stock. Purchases may
be made in the open market at prevailing market rates. Reacquired shares are
expected to be held in treasury to be used for the Company's recently announced
5% stock dividend payable May 18, 1999.
Item 7. Exhibits
Exhibit 99 Press Released dated April 28, 1999
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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: April 28, 1999 By: /s/ Alan D. Eskow
Alan D. Eskow
Principal Accounting Officer
and Corporate Secretary
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INDEX TO EXHIBITS
Exhibit No. Description
99 Press release dated April 28, 1999
Item 7 Exhibit 99
Press Release Dated April 28, 1999
Valley National Bancorp
1455 Valley Road
Wayne, NJ 07470
Contact:
Alan D. Eskow
Senior Vice President and Controller
(973) 305-4003
VALLEY NATIONAL BANCORP'S BOARD OF DIRECTORS AUTHORIZES
THE REPURCHASE OF UP TO 2,750,000 SHARES
Wayne, NJ, April 28, 1999 - Valley National Bancorp (NYSE:VLY) announced that
its Board of Directors has authorized the purchase of up to 2,750,000 shares of
the company's outstanding common stock. Purchases may be made in the open
market at prevailing market rates. Valley currently has 55.3 million common
shares outstanding. Reacquired shares are expected to be held in treasury to
be used for the Company's recently announced 5% stock dividend payable
May 18, 1999.
