VALLEY NATL BANCORP

Ticker: VLY CUSIP: 919794107 Class: Common Stock

BANC FUNDS CO LLC's Holding History (CIK: 0001029311)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 70,964 Value ($000) $699 Avg Close $10.39 Range $9.50 - $11.24

Q3 2015

Shares 48,451 Value ($000) $477 Avg Close $9.84 Range $9.04 - $10.50

Q2 2015

Shares 48,451 Value ($000) $500 Avg Close $9.74 Range $9.26 - $10.48

Q1 2015

Shares 68,451 Value ($000) $646 Avg Close $9.46 Range $8.80 - $9.80

Q4 2014

Shares 68,451 Value ($000) $665 Avg Close $9.69 Range $9.05 - $10.09

Q2 2013

Shares 157,466 Value ($000) $1,491 Avg Close $9.34 Range $8.75 - $10.28

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	70,964	$699	$10.39	$9.50 - $11.24
Q3 2015	48,451	$477	$9.84	$9.04 - $10.50
Q2 2015	48,451	$500	$9.74	$9.26 - $10.48
Q1 2015	68,451	$646	$9.46	$8.80 - $9.80
Q4 2014	68,451	$665	$9.69	$9.05 - $10.09
Q2 2013	157,466	$1,491	$9.34	$8.75 - $10.28