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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) December 14, 1999
VALLEY NATIONAL BANCORP
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(Exact name of registrant as specified in its charter)
New Jersey
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(State or other jurisdiction of incorporation)
0-11179 22-2477875
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(Commission File Number) (IRS Employer Identification No.)
1455 Valley Road
Wayne, New Jersey 07470
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(Address of principal executive offices)
(973) 305-8800
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(Registrant's telephone number, including area code)
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Item 5. Other Events
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On December 14, 1999, Valley National Bancorp ("Valley") issued a press release
announcing that the Board of Directors had authorized the purchase of up to
3,000,000 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
will be held in treasury and are expected to be used for employee benefit
programs, stock dividends and other corporate purposes.
Item 7. Exhibits
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Exhibit 99 Press Release dated December 14, 1999
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SIGNATURES
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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: December 29, 1999 By: ALAN D. ESKOW
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Alan D. Eskow
Principal Accounting Officer
and Corporate Secretary
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INDEX TO EXHIBITS
Exhibit No. Description
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99 Press release dated December 14, 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 3,000,000 SHARES
Wayne, NJ, December 14, 1999 - Valley National Bancorp (NYSE:VLY) announced that
its Board of Directors has authorized the company to purchase up to 3,000,000
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 60.4 million
common shares outstanding. Reacquired shares will be held in treasury and are
expected to be used for employee benefit programs, stock dividends and other
corporate purposes.
