1. Name and Address of Reporting Person
CROCITTO, PETER P.
1455 VALLEY ROAD
WAYNE, NJ 07470-
2. Issuer Name and Ticker or Trading Symbol
VALLEY NATIONAL BANCORP (VLY)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Day/Year
03/10/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
EXECUTIVE VICE PRESIDENT
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
+------------------------------+----------+----------+---------+--------------------------+--------------+-----------+------------+
|1. Title of Security |2. Trans- |2A.Execu- |3. Trans-|4. Securities Acquired (A)|5. Amount of |6. Owner- |7. Nature |
| | action | action | action| or Disposed of (D) |Securities | ship | of In- |
| | Date | Date | Code | |Beneficially | Form: | direct |
| | | | | |Owned | Direct | Bene- |
| | (Month/ | (Month/ | | |Following | (D) or | ficial |
| | Day/ | Day/ +-----+---+-----------+---+----------+Reported | Indirect| Owner- |
| | Year) | Year) |Code |V |Amount |A/D|Price |Transaction(s)| (I) | ship |
+------------------------------+----------+----------+-----+---+-----------+---+----------+--------------+-----------+------------+
Common Stock 03/06/2003 M 10244 A $13.6000 82990 D
Common Stock 114 I WIFE
Common Stock 1181 I CUSTODIAN/CHI
LD
Common Stock 0 I 11/19/91
REST. STK.
AWARD
Common Stock 0 I 11/27/92
REST. STK.
AWARD
Common Stock 0 I 10/29/93
REST. STK.
AWARD
Common Stock 0 I 11/08/94
REST. STK.
AWARD
Common Stock 94 I CUSTODIAN/CHI
LD
Common Stock 578 I CUSTODIAN
CHILD
COMMON STK. 9970 D
COMMON STOCK 350 I CUSTODIAN/CHI
LD
401K 1019 D
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+----------+--------+-------+-------+---------+-----------+---------------------+----------------+----------+-------+-------+------+
|1. |2. |3. |3A. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | | |Number |Owner- | |
| | | | | | | | | |of |ship | |
| | | | | | | | | |Deriv- |Form of| |
| | | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | | |of Underlying | |Secur- |ative |Nature|
| |Conver- |Trans- |Execu- | |Number of | |Securities | |ities |Secur- |of |
| |sion or |action |tion | |Derivative |Date Exercisable +-------+--------+ |Benefi-|ity: |In- |
| |Exercise|Date |Date | |Securities |and Expiration Date | |Amount | |cially |Direct |direct|
| |Price of| | |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |(Month/|(Month/|tion Code|Disposed(D)+----------+----------+ |Number |Price of | |In- |ficial|
|Derivative|ative | Day/ | Day/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative| |direct |Owner-|
|Security |Security|Year) |Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security | |(I) |ship |
+----------+--------+-------+-------+------+--+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
Stock $11.2 10/29/2003 Common 2.5 D
Option Stock
Stock $13.6 03/06/2 M 10244 11/07/2006 Common 10244 $13.6000 0 D
Option 003 Stock
Stock $18.4 11/18/2007 Common 18086 D
Option Stock
Stock $18.4 10/23/2008 Common 14470 D
Option Stock
Stock $18.4 11/23/2009 Common 13782 D
Option Stock
Stock $21.6 11/28/2010 Common 14437 D
Option Stock
Stock $25.17 11/27/2011 Common 4275 D
Option Stock
Stock $26.33 11/18/2012 Common 12000 D
Option Stock
STOCK $25.17 11/27/2011 Common 9475 D
OPTION/NQ Stock
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
/s/ PETER P. CROCITTO
DATE
03/06/2003