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JAN 21, 2010 6:53pm ET

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Valley National's 4Q Results Press Release (PDF)
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4Q '09 Earnings Scorecard

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4Q Results

Valley National a Buyer?

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Valley National Bancorp announced Thursday that it is slowing de novo branch expansion in New Jersey and New York as it sees the chance to expand through acquisition.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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