Edgar Filing: VALLEY NATIONAL BANCORP

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 ^*

MILLER RICHARD S

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
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

1455 VALLEY ROAD

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2008

(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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/01/2008		J⁽¹⁾		2,817	A	$ 0 ⁽¹⁾	21,113 ⁽²⁾	D
Common Stock (held jointly with spouse)	07/01/2008		J⁽¹⁾		5,298	A	$ 0 ⁽¹⁾	35,092	D
IRA	07/01/2008		J⁽¹⁾		7,546	A	$ 0 ⁽¹⁾	32,265	D
Common Stock	07/01/2008		J⁽¹⁾		495	A	$ 0 ⁽¹⁾	7,904	I	BY WIFE
Common Stock								2,243	I	CORPORATION

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Warrants (Right to buy)

$ 19.01

07/01/2008

J⁽¹⁾

296

07/01/2010

06/30/2015

Common Stock

296

$ 0

296

Warrants -Right to buy (for IRA Plan)

$ 19.01

07/01/2008

J⁽¹⁾

794

07/01/2010

06/30/2015

Common Stock

794

$ 0

794

Warrants -Right to buy (Joint with Spouse)

$ 19.01

07/01/2008

J⁽¹⁾

557

07/01/2010

06/30/2015

Common Stock

557

$ 0

557

Warrants -Right to buy (for Spouse)

$ 19.01

07/01/2008

J⁽¹⁾

07/01/2010

06/30/2015

Common Stock

$ 0

BY WIFE

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
MILLER RICHARD S 1455 VALLEY ROAD WAYNE, NJ 07470-	X

Signatures

RICHARDSMILLER		08/13/2008
^**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).
(2)	Valley declared a 5 percent stock dividend on April 7 2008, payable May 23, 2008 to stockholders of record on May 9, 2008.
(1)	Valley shares acquired upon consummation of the merger with Greater Community Bancorp ("GCB"), on July 1, 2008. Upon consummation of the merger, holders of GCB common stock received 0.9975 shares of common stock of Valley (the acquiring company), and 0.105 of a warrant to purchase one share of common stock of Valley. Mr. Miller received a total of 16,156 shares of Valley common stock and a total of 1,699 of warrants, in exchange for shares of GCB common stock held.

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