Valley National Bancorp Appoints Peter Crocitto And Alan D. Eskow To Board Of Directors

WAYNE, N.J., Nov. 14, 2011 /PRNewswire/ -- Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NYSE:VLY), announced today that its Board of Directors has appointed Peter Crocitto and Alan D. Eskow to serve as directors of both companies.  

"Valley shareholders and our directors will benefit greatly from the experience, industry expertise and vision that both Peter and Alan bring to our board," said Valley Chairman, President & CEO Gerald H. Lipkin. "Their collective efforts in the management of Valley's business model have enabled us to realize outstanding growth and meet the challenges of a competitive and highly regulated industry."

As Chief Operating Officer and Senior Executive Vice President, Mr. Crocitto has played an integral part in Valley's success for over 34 years.  He joined Valley in 1977 and has held various positions throughout the Bank in Consumer Lending, Retail Banking, MIS, Business Development and Operations.  Mr. Crocitto was promoted to Executive Vice President in 1996 and assumed the title of Chief Operating Officer in 2008. The title of Senior Executive Vice President was added in 2009.

"It is an honor and privilege to serve on Valley's Board of Directors," remarked Mr. Crocitto. "I look forward to contributing to Valley National Bank's future growth and success with my esteemed colleagues."

Mr. Eskow joined Valley in 1990 as a Vice President in the Financial Administration Department. He is a licensed CPA in New Jersey and a member of both the American Institute of CPA's and the New Jersey State Society of CPA's.  Mr. Eskow was designated Controller in 1998 and Chief Financial Officer in 2000.  His current responsibilities include overseeing the accounting, finance and treasury functions, the investment portfolio, and responsibility for Valley's Wealth Management Division.  In 2009, he was promoted to Senior Executive Vice President.

"I am sincerely grateful for the opportunity to serve on Valley's Board of Directors," said Mr. Eskow.  "I am looking forward to working with my fellow directors on the strategic direction of our institution."

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