VLY » Topics » “High Risk Loans”

This excerpt taken from the VLY 8-K filed Mar 20, 2008.
“High Risk Loans”).
 
(g)  Except as set forth in the Greater Community Disclosure Schedule, Greater Community does not own any investment securities that are secured by High Risk Loans.
 
(h)           In making all Greater Community Loans and continuing such Greater Community Loans, Greater Community and the Greater Community Subsidiaries have complied with and are in compliance with the provisions of the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973 and 12 CFR 22.1 et. seq. (“Flood Insurance Laws and Regulations”), except as set forth in the Greater Community Disclosure Schedule.
 
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