Valley National buys 7 branches from RTC.

Valley National Buys 7 Branches from RTC

WAYNE, N.J. -- Valley National Bank said it acquired seven branches of the failed North Jersey Federal Savings Association from the Resolution Trust Corp.

The offices -- three in Passaic, two in Clifton, one in Wayne, and one in Pompton Lakes -- have $200 million in total deposits and began operating June 8 under the Valley National name.

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