Valley National Bancorp · NASDAQ:VLY
Valley National Bancorp — Investor Presentation (August 2008)
19 slides from Valley National Bancorp's investor presentation, Aug 6, 2008
Slide 1: August 6, 2008
August 6, 2008 Exhibit 99.1
Slide 2: Forward-looking statements
This presentation contains forward looking statements concerning Valley’s future business outlook, financial condition and operating results. Generally, the words "will," "may," "should," "continue," "believes," "expects," "anticipates" or similar expressions identify forward looking statements. Rea
Slide 3: Overview of Valley National Bancorp
Overview of Valley National Bancorp 80 Years - Commercial Bank Management Longevity/Ownership Office of the Chairman – total of years, 24.3 years on average Big Bank – Act Like Small Privately Owned Company Marketplace Sound Asset Quality Strong Financial Performance Consistent Shareholder Returns
Slide 4: Slide 4
Slide 5: Valley's Performance
Valley’s Performance Consistent strong performance despite difficult economic / market conditions Compressed margins Flat to inverted yield curve Impact of marketplace to riskier loans, terms and conditions Market dislocation Valley’s objectives Maintain a quality balance sheet Manage balance sheet,
Slide 6: Credit Quality
Credit Quality Focus on loan quality and profitability over growth Proven record of superior asset quality throughout various economic cycles Have always abstained from exotic residential mortgage structures and other volatile products, including sub-prime loans, option ARMs and high loan to value h
Slide 7: Credit Culture
Credit Culture Personal guarantees on most commercial loans Strong borrower moral character Borrower experience in similar type projects Low loan to value ratios Strong customer FICO score Loan decisions not driven by yield but rather by loan quality
Slide 8: Loan Quality 2003-6/30/2008
Loan Quality 2003- 6/30/2008 0.36% 0.11% 0.44% 0.11% 0.32% 0.05% 0.33% 0.12% 0.36% 0.14% 0.30% 0.20% 0.00% 0.50% 1.00% 1.50% 2.00% 6/30/2008 Non-Performing Loans to Total Loans Net Charge-offs to Average Loans annualized
Slide 9: Net Charge-offs to Average Loans
Net Charge-offs to Average Loans * 2003 – 2008 YTD (average) *Source - SNL Financial 0.12% 0.26% 0.37% 1.07% 0.00% 0.15% 0.00% 0.26% 0.22% 0.43% 0.00% 0.13% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% Total Loans Consumer Home Equity Construction & Development Commercial 1-4 Family Valley Peer Group Peer gr
Slide 10: Net Charge-offs to Average Loans (%)
Net Charge-offs to Average Loans (%) 102 oH ee 98 aH aot ent aH? p08 00) , 06? ya ,00% , 0? ag Sere oO ~~ ae Valley National Bancorp
Slide 11: Residential Mtg. Customer Profile
Residential Mtg. Customer Profile Current FICO Score 42% Current Market Value Loan to Value 59% Original Loan to Value Residential Customer Valley customer profile reflects an portfolio review conducted by an independent party in September Reflects March 31, 2008, Countrywide servicing data Reflects
Slide 12: Net Charge-offs to Average Loans (%)
Net Charge-offs to Average Loans (%) % % n Ce) st WP 8% oP 99 oA at gE a yA yao? yao pas? yao* ,00% ya0* Soe — ie Valley National Bancorp
Slide 13: Net Charge-offs to Average Loans (%)
Net Charge-offs to Average Loans (%) +) be ‘e) Sy \ yo pe a) 1 A iB? sO 98% oH oT oA! eH™ p00 yooh oH? oO? 00" ,0 ,00% sor Valley National Bancorp P| oe ~~
Slide 14: Greater Community Bank Acquisition
Greater Community Bank Acquisition Overview Commercial bank with nearly $1.0 billion in total assets Well-run financial institution - credit quality, loan underwriting standards and no exposure to sub-prime 16 full-service branches located in northern New Jersey Deal Expectations Over 30% of non-int
Slide 15: Greater Community Bank new communities
Greater Community Bank 8 new communities Minimal overlap Valley National Bank Greater Community Bank
Slide 16: Valley's Capital Position
Valley’s Capital Position 7.18% Tangible Equity to Risk Weighted Assets 7.43% 5.70% Tangible Equity to Tangible Assets 5.86% 11.02% Total Capital 11.25% 9.31% Tier 1 Capital 9.51% 7.41% Leverage Ratio 7.51% Proforma – Post Merger As of June 30,
Slide 17: Valley's New Jersey and Rockland County Locations
Valley’s New Jersey and Rockland County Locations Current Valley branches Branches under construction Branches under Construction Milltown, Middlesex County North Brunswick, Middlesex County Freehold, Monmouth County Manalapan, Monmouth County Montebello, Rockland County
Slide 18: Valley's New York City Locations
Valley’s New York City Locations Current Valley branches Branches under construction Branches under Construction 4501 13 Avenue, Brooklyn 2054 86 Street, Brooklyn 207 Brighton Beach Avenue, Brooklyn 1212 Avenue M, Brooklyn 2902 Avenue U, Brooklyn 111 4 Avenue, Manhattan 107 Liberty Avenue, Queens 69
Slide 19: For More Information
For More Information Log onto our web site: www.valleynationalbank.com Visit our kids site: www.vnbkids.com E-mail requests to: dgrenz@valleynationalbank.com Call Shareholder Relations at: (973) 305-3380 Write to: Valley National Bank 1455 Valley Road Wayne, New Jersey 07470 Attn: Dianne M. Grenz, F
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