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VALLEY NATIONAL BANCORP TO LIST ON NEW YORK STOCK EXCHANGE

 WAYNE, N.J., Oct. 22 /PRNewswire/ -- Valley National Bancorp (NASDAQ-NMS: VNBP) announced today that the company has filed for listing its common stock on the New York Stock Exchange (NYSE). It is expected that Valley National Bancorp's stock will begin trading on the NYSE, under the symbol (VLY), in early December of this year.
 Valley National has approximately 24 million common shares outstanding, which currently trade under the symbol (VNBP) on the NASDAQ National Market.
 "We believe that our listing on the NYSE is another part of Valley Nationals multi-faceted efforts to enhance shareholder value. We anticipate that being traded on the Big Board will enable us to increase the stability of our trading activity as well as help us to reach a more extensive base of investors," said Gerald H. Lipkin, chairman of the board and chief executive officer of Valley National Bancorp.
 Valley National Bancorp is a regional bank-holding company whose principal subsidiary, Valley National Bank, operates 59 branches In Passaic, Bergen, Essex, Hudson and Morris counties in New Jersey.
 -0- 10/22/93
 /CONTACT: Gerald H. Lipkin of Valley National, 201-305-4001, or Edmund R. Belak of Georgeson & Co., 212-440-9801/
 (VNBP)


CO: Valley National Bancorp ST: New Jersey IN: FIN SU:

MP-PS -- NY024 -- 5632 10/22/93 10:08 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
Words:212
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