- CEO
- Ira D. Robbins
- Full Time Employees
- 3,675
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- One Penn Plaza New York City NY United States of America 10119
- IPO Date
- Oct 11, 2018
- Business
- Valley National Bancorp is a bank holding company primarily engaged in providing a comprehensive range of commercial and consumer banking products and services. Its core offerings include commercial loans such as business credit cards, equipment loans, lines of credit, fixed-rate term loans, asset-based loans, commercial mortgages, and multi-family investor mortgages; consumer loans including new and used auto loans, unsecured personal loans, home equity loans and lines of credit, fixed-rate home equity, and demand loans secured by savings or certificates of deposit; and residential mortgage products ranging from adjustable-rate and fixed-rate mortgages, jumbo loans, FHA and VA loans, to specialized loan programs for medical professionals and foreign nationals. The company also provides an array of deposit products including business and personal checking accounts, savings accounts, money market accounts, and certificates of deposit, as well as convenience banking services like online and mobile banking, debit cards, merchant services, and remote deposit capture. It operates primarily in the United States with a focus on retail and commercial banking customers.
Founded in 1927 and headquartered in Wayne, New Jersey, Valley National Bancorp operates through its principal subsidiary, Valley National Bank. Recent significant company developments include the sale of approximately $925 million in commercial real estate loans to Brookfield Asset Management in late 2024, which helped optimize its loan portfolio and balance sheet. The company has demonstrated strong deposit growth, with total deposits increasing substantially in 2025, supported by an increase in commercial and government deposits. It achieved its highest quarterly profitability since 2022 in Q3 2025, driven by net interest income growth, disciplined expense management, and improved credit performance, including a notable reduction in loan charge-offs. Valley National Bancorp continues emphasizing organic growth and operational efficiencies, targeting mid-single-digit loan growth and improving its net interest margin in 2026. Its strategic initiatives encompass a balanced loan-to-deposit ratio and enhanced profitability through asset repricing and deposit expansion. These actions reflect a shift towards diversified loan portfolios and a focus on strengthening its financial position and franchise value.
Valley National Bancorp competes in the financial services industry, primarily serving commercial businesses, consumers, and government entities. It maintains a broad geographic footprint across the United States and has a consistent focus on community banking services, wealth management, and commercial real estate financing. The company also engages in strategic partnerships and alliances to optimize asset management and expand its service offerings.
This comprehensive product suite, combined with the recent portfolio restructuring and sustained financial performance improvements, positions Valley National Bancorp as a significant regional banking institution with strong growth and operational momentum in the evolving banking sector.