Abstract
AbstractCommercial Banking (MIC: 8.1 SIC: 6021 NAIC: 522110)Valley National Bancorp is a bank holding company. Co.'s principal subsidiary, Valley National Bank, provides a range of commercial and retail banking services, including: the acceptance of demand, savings and time deposits; extension of consumer, real estate, Small Business Administration loans and other commercial credits; equipment leasing; and personal and corporate trust, as well as pension and fiduciary services. In addition, Co. owns 100.0% of the voting shares of VNB Capital Trust I, through which it issued trust preferred securities. As of Dec 31 2007, Co. had total assets of $12.75 billion, and total deposits of $8.09 billion.
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