.
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.J
In 1927, Charles I.indbergh completed the firtt
tolo flight acros~ th~ Atlantic
T})@Holland “lunncl opened,
linking lower Manhattan and New Jersey.
Babe RLlth became the highest paid professional baseball player in history,
earning $70,000 per year, and Valley National Bank opened its doors to
serve the fin:] nc:i~]lne~ds of Ioci]l consumers :]nd k)usir]~<~~<.
diverse cornrntini~iei
rhrotigtioti!
norrh@rn NPWJ@”rs@y”afid”,Manhattan.”, “:””
“ ,,:”” ~~~:““” ~~:
Contiguouscouhties
in central New Jersey, south#rn:NewYorkitateanti
~~~~~
Pennsylvania,
:asw@lla~’oth~r boroughs of NewYtirk”City are easily within
the sphere of otir”super+com”munity
ban~n~model,
and” repre!)ll><>l)ks
FederiIl
f[,n<155nld
Ir)veent 5Pr1Jritics Ihcld to matL\riry, fair v:ilue of 5476,872 arid
254.3,0.i4 in 2001 and 2000, rP5pectively
lllvt?stn7cnt securities Availatjl? fur S31F
Loans
1.0,1115Ihcld for sale
Total
loans
Less!Al10w3rIce fur lu~r> Buss??,,,,,.,.,,,,,,,.,,
......
,,,..
Net loans
Pre,l)i505 ,>nd +Trjuipimcllt, !nct
Accrt~?d intcrcsr receivable
B~nk owned life insurar)c?
Ut17er ass?ts
T(>tal assets
December 31,
2001
2000
(jr)!f)t><),,(,(,)d<,C,VL*P[101SIIarCdata)
5
3’1l,n50
~
239/105
85,UOU
5’?7,1!;0
1,626,0s6
~ 17’1,183
.t,
‘17,!)?7
,~;,lno,l
‘1o
(61,995)
!,1.?.7, I ‘1.1
91,215
4!),870
‘i05,4’19
503,061
2,171,6 <15
5,275,382
56<2?,>..,,..
5,331,80/
,,,,,,J$J,H03)
5,2 b8, ul)l
94,178
42,184
102,1)0
!(),67 3
$ ~,5f13,765
5 7/901 ,>bo
-..
33,31U
4n6,608
270,730
(fio2)
,,,,.,j:l,038
729,684
(5’I.30Y)
32>015
321,Y7U
~,7>855
(7’7s)
(,2>.307)
668,/!>8
(:2!/.!!L
,,p,::,
,,!,,,,,,,,
(,:cj j ,,:,, ?; ;,$, :, ;
t > c i,>: ‘; U :,,,:~~;,,,
5ENIORVICE PRESIDENT&
OFFICERS
Gerald H. Lipkin, Chairr~)a(\ UI
T,[N[RAl,, C()(JN5EL
Lucinda P. Long
[t)* B,:,t,rd, Pt(,5iflent & CIO
SENIOI{ VILk PI{ELI[>ENT &
Spenmr B. Witty, MiilT\<>rl
TRIJ5T OFFICr,R
EXFC(JTIVE VICF PIliESIDkN I
Martin J. Carbotti
Robert J. Chase
Linda M, Bucey
tXtCUl
IVE VICE (>fiE\lDENT&
Christopher.
Coiley
CIIIrF FINANCIAI
r)rrlcEl<
Ralph Cuono
Alan D. E5kow
FIIIST SENlOl{ VICE t>liESIDkN 15
William J. Cardew
Kermit R. Dyke
Albert L. Engel
Robert J. Farnon
Robert E, Farrell
Richard P. Garber
Eric W, Gould
Robert J. Mulligan
Garret G. Nleuwenhuis
John H. Prol
Stephen P, Davey
Joseph J. DeMona
Dianne M, Grenz
William J. Kam$ti
Jeffrey 5, Kramer
Susan N. Milch
Robert E, Rose
Harry A. Rosen
Sandra L. Seville
Robert F. 5ierchio
Alfred Sorrentino,
Jr.
Robert Stanton
\ENIOR VICE PRESIDENTS
joseph A, Telinbacco
Jack M. Blackin
Laura Blackwell
Franklin Bol[horst
Elizabeth De Laney
Carol B. Diesner
Lawrence E. Flack
Wayne Fritsch
IJrian Tish
Robert C. Vliet
fll;,‘!,1!!!t,.,:, ,, ,,:;,,,,,,,,
~!,,,,,[ ,,,,>(,,
“ii!!:, ?~!,{~!:!,!i:,v
Joseph A, Perconti,
President
k?,i!!:!,:;
‘(,:,,,,,!) ;I ;.1i
;~.:,:i;,:j,i,,:,:ljl,.:);;,,
:(!,
Peter S. Hagerman,
Prcside!>t & CEO
,;>,,,2i,[4 [“:),:;!,i?,
;),,:$, ~,,,,:lr,:/ ;:;,,,:,,,,;
James A. Salerno
Jack Kaplowitz
Gary D. Bennett,
Esq.
Iiln Salerno Pontiac R[lit:k GMC
Rirch L(]nlhor C.nn)p,lny
Koch, Koch & Bcnn?ft
P. Russell Bodrato
A1l-Fr,lr)cl! ALIL<)SOIP<, It><:,
Robert A, Senior
Carolyn Kes51er
Gilbert Buchalter
Thr(!? (oc~nty Vnlkswagcn
K?sslcr lnd~~strics, IIIc..
Pharnlaccutical
lnnovatinl~<,
Inc
Irwin Burack
BtIIat:k ChevrolelOl<.
Corpuratiur)
Peter A. Spins
Marc J, Lenner
Thomas Cifelli
Lester M. Elltill Associatc5
Cifclli As50ci3tc5
Donald Lesser
Pine Lesser & Sons
John Coffey, Esq.
Atturr)?y-at-L~w
Steven K. Cooper
l,lck Trchotlr Ford 5uzuki
Sanford Dorf
D L C Lhcvrolct Company
Lawrence T. Fette
k~tte lm130rt5,
Inc.
Kenneth Gensinger
Gensinqer M(iturs
Nicholas Hagedoorn
Boruuwr1/1i.itlgsl[,,)
Gerald A. Lustig
Ar.(Ira nf [)cl]villc
Samuel A. Magarino
M2g,lrinn rord M,crclJry
John 5, Merriam
Gcarharr Ent~rpri8cs,
IIIC.
Eugene C. Meyers
Hawthorne Auto \ales CurrlparIy
Fred J. M@yers
Pie{-.
Frank Nappa
WcIyr\e ALI(<>5iIle\,
II>(,
Dennis C. Oberle
Mdhwah 5al*$ fi Sotvi< +?,Inc.
David R. Porter
Iicll
Imports Ltd.
Robert X. Robertazzi
Liberty Lincolll-M?rcury,
Inc.
Bruce Wainwright
A1l-W~ys Adv?rtisirl[] CurrIpa{Iy
Al[urr)Fy-8 i-Law
Robert Lieberman
Francis Costenbader,
Esq.
Rlltlcr CIllyrl)otdliol)
Andrew Fiore, Jr.
Anthony
J. Mazzone
AWF I ~,>$ir)q Cc,rpr,r<,lii31]
hlnovation Data Processing,
lInc
John E, Garippa,
E$q,
John V. McGrane
Atrorncyat
Law
McLrane Mortgaq? Com[pany
Alan Golub
Roy G. Meyer, Sr,
Modern El?ctric Co.
EllT1wuud 5L1pJly colT1pdlly,
IIIL,
Peter A. Goodman
Grace Bielefeldt
RP* P,)p@rCOlnpales Co.,
lr)c.
(>ass~icHeth Israel Huspital
Charles B. Hummel
Milton Brown
A<:r(>(J,ItAIIt
Melvin Cohen
Handi-Hut,
Inc.
Dorothy Druian
~r[~okd~le 5hup-flite,
Inc.
Phil Forte
Sarldy Hill B(lilDi,lmnnri Agonry
Arthur 5, Gurtman
C<7nsultant
Joseph Guttilla
Chopl~cr Express,
Inc
Mitchell Herman
Service Fabrics,
Inc
Lester F. H@rrschaft
Alber LA. S(ier, lrIL,
Edna Kanter
Passdic-Clil(uo Dtiv-Ur-5ell
5y5T<,ln> 1,><.
Patrick Mucci, Jr.
HLlnlmel Machine & 1001 Lo.
Group Advisory,
lrIc,
Robert Kuhl
J. Kuh Met~ls,
Ir)<,
Joseph LaScala
George Poydinecz
Bell Mill Cor>$[iuc(ic:]!) Co,, 1!)<,
Dcvt:lopcr
Alan Lambiase
Joshua Rabinowitz
Riv?r Tcrmin,>l Dcv,?lolpn]c?tltC.,?,
Con501r21>r
Thomas J. Lazur
Vtncent Riviello
N,>rional Sil Os>r>(jinqIC>51)12!>,II,I!I,, Herl/lPlr[]tll>,
Krass-Joseph,
Inc,
William Cohen
Goliyhtly CAIIdy Conlpally
Pasquale P, Tremonte
FulroII Rtlikinq CO., inc.
Richard Tully
KPdrny S13np I*tc
William Van Ness
VarI Ne55 Ploltit: Molding Co.
J. Scott Wright
Graphic Manaqelnellt,
lr)c,
!’:.!:):,;,!,,i; )i
,:\,<,:,:,. ,>:,
fi:,,,! <(<
Jos@ph Abergel
Jor~lark Textiles,
Ii){,
Stanley Blum
RluIrI & Fir>k, Inc.
Edward Blumenfeld
Rkln]t?t]fcld IIcvelopmellt
Group, Ltci.
Leonard Boxer, Esq.
5truuck 5truuck & 1,1.,~tI I I P
Jack Forgash
Iri-tiealty Mar,tige[[>?nt
C0rp0r2rit3>1
Sidney Gould
tiruckller Plumhin$] &
Healilll>5<)rTPrm~Prtifi5, LLC
G<)tlhi)rn 0iq3ni72tiot1,
I17c
Harvey Ravner
ReiIl F!*i!l
,,~,,:,,,,,:~~,.,,)! :,; S,,,j ,,!r ,,,,;
Donald Aronson
Donald AronsoI1
Curls~ll(irlg Grorlslll(arl(
Stanley Berenzweig
Rag Shnps,
Inc.
Robert W. Landzettel
Anthony Costa
I ~ron P,3i11t& Wallpaper Co.
Resiatarai)letlv
Burton Lerner
T?navision,
Itnc.
Jack Felicio
Rl~oml~t)s 5<~ftwarr, klc.
Lawrence Levy, Esq.
Gerald B, Green
Marcus & Levy
ConsllltJnt
Stewart C, Libe$
?nt CO.
Cosimo Pedicini
James R. Poole
Ponlc & Company
Robert J, Shannon,
Jr.
Administrator,
“[uw!)~lli[) o~Wyckoff
Alfred Simon
crps Construction Lo.
Tino Rosa
RO Illc,
C~r(ih~[1
Steven U. Leitner, Esq.
<.nq>0r2ti0n
Attorney-at-Law
William L@rn@r
Itnperial Parkirl<] 5y5(I?rI)s, l!~<
Nathan Lubow
COnsultarlt
Sara L. Mayes
FaslliOn Accessuties 5tlippei5
A~s(:,ci;,lion, k~c.
Alan Mirken
Aaron Publishin[l
tiruup
Bernard Dorfman,
Esq.
Attorllcy -at-Law
Harold Effron
Fffroll
I{?alty Assucia[?s
Leon Finver
C.ot]tinc11r21Ag?ncy of
tlorid%,
Inc.
Judith Greenberg
Herilt,qo M,lfl,lg?mcllt Co.
Cl]airlnatl, Newark Chapter
Service Curps uf R?iire,,;:$:,~,,:$,,~;, !
,j\,(j ,::,<<,>1, !)6,(, ?l;,
Edward F, Bo$cia
I. R.Ward & SOIIS, Inc.
Albert Burlando
Alnlet~k kldustries,
)k)c,
Vincent DAccardi
I dkfi Dovclopcrs
Steven Dickman
CIicknlall Business Brokers
Paul Dunajchuk
Ruxt~ury W?I(er Cc)
Thomas D. Farka$
Hsllltallt
Robert A. Hopler
Stroud-Hopler,
Inc.
Gilb@rt R, Jacobs
JA-BAR 5ili,
!::(,?, ! {i
Sanford D, Axelband
Barclay Prograln Services, LLC
Jeffrey 8irnberg
J, Qitr)berg & Associates, LLC
David M. Collins
c,>115[11tal>t
Thomas D. Collins
Hardwdre Corl>ult~rlt
Patrick D’Angola
ARCS F,>hric,>tors, In<.
lo$eph J. DeLuccia, Esq.
Artorll? y-at-Law
Kenneth Elkin
Joel A. Kobert, Esq.
KG Specialty \teel,
Inc.
Solomon W, Masters
l?cal Estate Brok?r
Robert Ringley
Ber Pl<\5[ic5, Inc.
Stacey Rudbart
Morgall StalllPy Dean Wittel
Ben Sher
Sher L)istributing CO., Inc
Dr. Arnold Speert
Wilian) P4tc~rsm>IInivcrsity
Robert J. Topchik
Consultant
Richard Unman
Naliur\al Ptesciip[ ior)
Acll>]i!>i5tr+tc)r5, lnr.
Salvatore Valente
Iic Art,
Inc.
Dennis C. Kwasnik
lee [’F? b>aLka[]irlg, I<)c,
James Luke
(31UVFA\\uit,3tFor Ilumanity
John Griffith
Pul)li< Service Electtic &
G,>s y
Christopher
Kui
Asiall Atllcricans for Fquality
Joseph Masciandaro
C:IVe Plus NJ, 1!><,
Rev. Earl Modean
R*T. FirPrJl Dirortor
Charles A. Lots
Certified I,ublic Accuurltant
Saul Lupin, CPA
5r1101iri, Lupii) h Cor)) I)dr)y, PA
CORPORATE ADDRESS
FORM IO-K
SHAREHOLDER INQUIRIES,
Vall?y N our ctlarge, A copy U( ?[52001
DIVIDEND REINVESTMENT
PLAN,
AND REGISTRAR AND TRANSFER
WayI1c, New Jers?y 07470
Annual Re,)ort or Fornl 10K,
l? s?nt
to:
For ir>iort>larion r~5 Dept.
stuck i5 trided UII (h@ New York 5Cnck
ViIllcy Nariur]al b~ncorp
Excl~2nge urldei
the symbul VIY
t455 Valley Road
wayr>e, Nfiw JPr5ey 07.$70
ANNUAL MEETING
(<)7>) 305-3380
acIT~InoIIstock or VJIICY’S
Dividend Reinvestment Plan, pleas?
C0,1(8CTTIIC I?egistr<\rAnd Transfer
Aqeni or Vdlley National B{tr~corp
America!) Stork “Traniler h
‘1ru5t Company
40 wall Stre?(
We flncsday, Apfi 10, 20U2
dmgrerlz(Gvalleytlatiurlalbdtlk. com
Ncw York N?w York 10005
:3:00 PM
I
lhe 2001 Annual (Report and Form 10 K
690 Rf)~ltc 46 k~s(
31e ,11s0availat~le on our web !it~ at
Art)?: >harohold?r Reklrions
l)l?parrn,?!)t
(800) 9375449
Fairtleld, New ICVSCY07004
www.v811~y(1
(Y73) ?77 9200
(800) 2784353
Valley Na(ion21 !3ancur[)
Attrl: $l]<~rcholders Rel,ltions
uep3rt,T,Pnr
(800) 522-41 LUJ,ext. 3380
(973) .305-3380