1. Name and Address of Reporting Person
   MULLIGAN, ROBERT J.
   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
   11/20/2002
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)
   FIRST SENIOR 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                    11/18/2002            A         1125        A   $0.0000    35954          D
                                                      
Common Stock                                                                               608            I           IRA/WIFE
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                                                                               753            I           CHILDREN'S
                                                                                                                      OWNERSHIP
Common Stock                                                                               125            I           Partner -
                                                                                                                      Pende
                                                                                                                      Investors





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       $17.6                                                     10/27/2007 Common                      7236    D
Option                                                                           Stock
Stock       $18.4                                                     10/23/2008 Common                      4341    D
Option                                                                           Stock
Stock       $19.2                                                     11/12/2009 Common                      4135    D
Option                                                                           Stock
Stock       $21.6                                                     11/15/2010 Common                      3938    D
Option                                                                           Stock
Stock       $24.55                                                    11/07/2011 Common                      6023.75 D
Option                                                                           Stock
Stock       $26.33   11/18/2         A     5600        11/18/2003 11/18/2012 Common  5600     $26.3300   5600    D
Option               002                                                         Stock
STOCK       $24.55                                                    11/07/2011                             226.25  D
OPTION/NQ                                                                        COMMON
                                                                                 STK.

Explanation of Responses:


Restricted grant under Valley's Stock Option Plan, awarded in five vesting
periods beginning one year from date of grant.

Granted under Valley's Stock Option Plan, exercisable in five equal installments
beginning one year from the grant date.



SIGNATURE OF REPORTING PERSON
/s/ ROBERT J. MULLIGAN

DATE
11/20/2002