Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LIPKIN GERALD H
   2. Issuer Name and Ticker or Trading Symbol
VALLEY NATIONAL BANCORP [VLY] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman, President and CEO
(Last)
(First)
(Middle)
1455 VALLEY ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
07/24/2008
(Street)

WAYNE, NJ 07470-		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
401K               2,343 (1) D  
Common Stock 07/24/2008   M/K   23,261 A $ 15.0567 259,383 (2) (3) D  
Common Stock 07/24/2008   J(4)   2,459 D $ 19.56 256,924 (2) (3) D  
Common Stock 07/24/2008   F/K   17,910 D $ 19.56 239,014 (2) (3) D  
Common Stock (with Spouse)               128 D  
Common Stock / IRA 07/24/2008   J(5)   2 D $ 0 5,296 D  
Common Stock / IRA 07/24/2008 07/29/2008 S   5,296 D $ 19.3752 (6) 0 D  
Common Stock 07/24/2008   J(5)   13 A $ 0 4,876 I IRA/WIFE
Common Stock 07/24/2008 07/29/2008 S   4,876 D $ 19.3752 (6) 0 I IRA/WIFE
Common Stock               189,172 I WIFE

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 17.8095             02/12/2009 02/12/2018 Common Stock 36,750   36,750 D  
Stock Option $ 19.1443             03/01/2004 03/01/2013 Common Stock 23,453   23,453 D  
Stock Option $ 19.9259             02/15/2002 02/15/2012 Common Stock 1,442   1,442 D  
Stock Option $ 20.9394             02/15/2007 02/15/2016 Common Stock 28,941   28,941 D  
Stock Option $ 21.999             02/26/2005 02/26/2014 Common Stock 25,527   25,527 D  
Stock Option $ 22.0402             02/08/2006 02/08/2015 Common Stock 24,311   24,311 D  
Stock Option $ 23.5374             02/13/2008 02/13/2017 Common Stock 38,588   38,588 D  
STOCK OPTION/NQ $ 16.6186             02/08/2001 02/08/2011 COMMON STK. 28,143   28,143 D  
STOCK OPTION/NQ $ 19.9259             02/15/2002 02/15/2012 Common Stock 25,361   25,361 D  
STOCK OPTION/NQ $ 15.0567 07/24/2008   M/K     23,261 01/05/2000 01/05/2009 Common Stock 23,261 $ 0 4 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LIPKIN GERALD H
1455 VALLEY ROAD
WAYNE, NJ 07470-		   X     Chairman, President and CEO  

Signatures

 GERALDHLIPKIN   07/25/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Reporting person's total shares held under Valley's 401(k) plan.
(3) Valley declared a 5 percent stock dividend on April 7 2008, payable May 23, 2008 to stockholders of record on May 9, 2008.
(2) Includes restricted shares granted under VNB 1999 Long Term Stock Incentive Plan, vesting in five equal installments beginning one year from the grant date.
(6) Shares were sold as a result of change to a new asset management account. The shares were sold at a weighted average sales price of $19.375, transacted in six varying sales prices ranging from $19.27 to $19.5310.
(5) Adjust outstanding balance.
(4) Shares tendered by reporting person for income taxes from proceeds of a non-qualified stock exercise.

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