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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1. Name and Address of Reporting Person * CROCITTO PETER P   2. Issuer Name and Ticker or Trading Symbol VALLEY NATIONAL BANCORP [VLY] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EXECUTIVE VICE PRESIDENT (Last) (First) (Middle) 1455 VALLEY ROAD 3. Date of Earliest Transaction (Month/Day/Year) 09/19/2008 (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 Common Stock (1) 09/19/2008   M   18,471 A $ 13.93 135,355 D   Common Stock (1) 09/19/2008   F   10,730 D $ 23.98 124,625 D   Common Stock               37,199.4 I Wife Common Stock               12,453 I Custodian/child Common Stock               13,344 D   Common Stock (401k Plan)               2,610 D

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

$ 13.932

09/19/2008

M

18,471

11/23/2000

11/23/2009

Common Stock

18,471

$ 0

0

D

Stock Option

$ 23.3197

11/13/2007

11/13/2016

Common Stock

18,191

18,191

D

Stock Option

$ 21.3195

11/14/2006

11/14/2015

Common Stock

16,785

16,785

D

Stock Option

$ 22.9205

11/17/2004

11/17/2013

Common Stock

15,316

15,316

D

Stock Option

$ 17.8095

02/12/2009

02/12/2018

Common Stock

17,325

17,325

D

Stock Option

$ 19.6544

11/18/2003

11/18/2012

Common Stock

16,082

16,082

D

Stock Option/NQ

$ 18.7823

11/27/2002

11/27/2011

Common Stock

12,697

12,697

D

Stock Option

$ 23.011

11/16/2005

11/16/2014

Common Stock

14,587

14,587

D

Stock Option

$ 15.9184

11/28/2001

11/28/2010

Common Stock

19,346

19,346

D

Stock Option

$ 18.7823

11/27/2003

11/27/2011

Common Stock

5,729

5,729

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
CROCITTO PETER P 1455 VALLEY ROAD WAYNE, NJ 07470-			EXECUTIVE VICE PRESIDENT

Signatures

/s/ PETER CROCITTO		09/22/2008
**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)	Valley declared a 5 percent stock dividend on April 9, 2003, payable May 16, 2003 to stockholders of record on May 2, 2003.

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