WAYNE, N.J., Dec. 24 /PRNewswire-FirstCall/ -- Valley National Bancorp , the holding company for Valley National Bank, announced today that it has repaid the U.S. Department of the Treasury the final 100,000 shares of Valley's Series A Preferred Stock outstanding that was held by the Treasury under the Capital Purchase Program. As announced on December 22, 2009, Valley had received approval from the U.S. Treasury to repay the remainder of the outstanding TARP funds. On Wednesday, December 23, 2009, that transaction was consummated, ending Valley's participation in the Capital Purchase Program.
About Valley
Valley National Bancorp is a regional bank holding company with over $14 billion in assets, headquartered in Wayne, New Jersey. Its principal subsidiary, Valley National Bank, currently operates 199 branches in 135 communities serving 14 counties throughout northern and central New Jersey and Manhattan, Brooklyn and Queens. Valley is the largest commercial bank headquartered in New Jersey. For more information about Valley National Bank and its products and services, please visit http://www.valleyntionalbank.com/ or call Customer Service 24/7 at 1-800-522-4100.
Valley National Bancorp
CONTACT: Dianne M. Grenz, First Senior Vice President, Director of
Marketing & Public Relations, +1-973-305-4005
Web Site: http://www.valleyntionalbank.com/
