Mindful New York Yankees of these conditions management

Mindful probes aj burnett of these baseball simulation tells conditions, management is pleased with Valley'soperating performance and the level of loan delinquencies which remain belowmost of our peers.As reflected in our net interest income and margin, wecontinue to manage our marginal cost of funds with a similar discipline usedin managing our loan portfolio. Under the agreement, we issued approximately 43 thousandshares at a weighted average price of $12.29 during June 2009.FromJune 8, 2009 to June 30, 2009, Valley's common stock traded atprices between $12.64 and $10.81 as reported by the New York StockExchange.--Effective June 26, 2009, Valley's Dividend Reinvestment Plan wasenhanced to allow our common stockholders to purchase additionalsharesof Valley National Bancorp common stock utilizing optional cashpaymentsup to $100,000 per quarter, in addition to the reinvestment of all orpart of their cash dividends.Shares purchased under this plan willbeissued directly from Valley or in open market transactions as directedby Valley.No new common shares were issued under this plan duringthesecond quarter of 2009.Chairman's CommentsGerald H. The Company's total risk-based capital, Tier Icapital, and leverage capital were 12.94 percent, 11.09 percent, and8.74 percent, respectively at June 30, 2009.--Valley extended over $450 million in new credit to quality existingandnew customers during the second quarter. These delinquencies totaled $31.3 million, or 1.18 percent of $2.6billion in total home equity and residential mortgage loans at June30,2009. See "Credit Quality" section below for more details.--On June 3, 2009, we repurchased from the U.S. Department of theTreasury75,000 out of the 300,000 shares of our Series A Fixed Rate CumulativePerpetual Preferred Stock that were issued to the Treasury on November14, 2008 under the Capital Purchase Program.The aggregate purchaseprice for the repurchased preferred shares was approximately $75.2million (including accrued and unpaid dividends) and resulted in anaccelerated accretion charge of $1.9 million to retained earnings inthesecond quarter of 2009 based on the difference between the par valueof$75 million and the carrying value of $73.1 million.--Our regulatory capital ratios continue to reflect Valley's strongcapital position. Our commercial mortgage portfolio had loans pastdue30 days or more totaling 1.24 percent at June 30, 2009 compared to1.35percent at March 31, 2009.--At June 30, 2009, our home equity and residential mortgage loanportfolios totaling approximately 23,000 individual loans had only 134loans past due 30 days or more compared to 123 loans at March 31,2009.

Net interestincomeimproved over the linked quarter as our cost of funds declined $5.8million alex rodriguez . See "Net Interest Income and Margin" section belowfor more details.--Total loans past due 30 days or more on our entire loan portfolio of$9.6 billion were 1.49 percent at June 30, 2009 compared to 1.34percentat March 31, 2009 baseball tickets . Diluted earnings per common share were impacted by a $24.4million ($0.11 per common share) non-cash charge due to the change in the fairvalue of junior subordinated debentures carried at fair value, a $6.5 million($0.03 per common share) industry-wide FDIC special assessment, and accruedpreferred stock dividends and accretion totaling $5.8 million ($0.04 percommon share) for the second quarter of 2009 cc sabathia . All common per share datapresented was adjusted to reflect the stock dividend issued on May 22, 2009.The following performance highlights and significant events occurred duringthe second quarter of 2009:--The net interest margin on a fully tax equivalent basis increased by17basis points to 3.52 percent mainly due to a $3.6 million increase innet interest income on a fully tax equivalent basis derek jeter autographed baseball . "The nTellect is a proven product suitable for a broad range of applications,from conventional semiconductor wafer backgrinding to unique surfacingapplications, including hard and exotic materials," said Mike Kirkpatrick,Strasbaugh's VP of Sales and Marketing. Valley National Bancorp Reports Second Quarter Earnings, Increased NetInterest Income and Net Interest Margin GrowthWAYNE, N.J., July 23 /PRNewswire-FirstCall/ -- Valley National Bancorp (NYSE:VLY), the holding company for Valley National Bank, today reported net incomefor second quarter of $15.0 million, $0.06 per diluted common share, comparedto second quarter of 2008 earnings of $41.5 million, or $0.31 per dilutedcommon share. Reconciliation of GAAP to Pro FormaNon-GAAP Measures for detail on all of the adjustments made to reach thepro forma results.*Weighted average number of diluted common shares includes merger-relatedshares converted or issued for the entire period reported.CME Group Inc.

SAN LUIS OBISPO, Calif., July 23 /PRNewswire-FirstCall/ -- Strasbaugh (OTCBulletin Board: STRB) announced today that a $3.6 million order for multiplenTellect (Model 7AF) wafer grinding systems has been received.The grindersare scheduled for shipment to the customer prior to year-end 2009 alex rodriguez bio . We undertake no obligation to publicly update anyforward-looking statements, whether as a result of new information, futureevents or otherwise CME-E CME Group Inc derek jeter signed baseball . These statements are not guarantees of futureperformance and involve risks, uncertainties and assumptions that aredifficult to predict george steinbrenner . Therefore, actual outcomes and results may differmaterially from what is expressed or implied in any forward-lookingstatements baseball simulation .

More detailed information about factors that may affectour performance may be found in our filings with the Securities and ExchangeCommission, including our most recent periodic reports filed on Form 10-K andForm 10-Q, which are available in the Investor Relations section of the CMEGroup Web site american league . are trademarks of the Board of Trade of the Cityof Chicago.NYMEX and New York Mercantile Exchange are trademarks of New YorkMercantile Exchange, Inc.COMEX is a trademark of Commodity Exchange, Inc baseball tickets . All other trademarks are the property of their respective owners.Furtherinformation about CME Group and its products can be found at in this press release that are not historical facts areforward-looking statements cc sabathia . Both of these variances were primarily due to a shift in product mix.Second-quarter 2009 pro forma non-operating expense was $26 million, drivenprimarily by interest expense and borrowing costs of $33 million related tothe NYMEX acquisition, which was offset by $8 million of investment income .