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Valley National Bancorp
Valley National Bancorp

-8.44%

Financial services / Banking and Financial Services

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

Valley National Bancorp is a regional bank holding company headquartered in Wayne, New Jersey. It was founded in 1927 and currently operates over 200 branches across New Jersey, New York, Florida, and Alabama. The company offers a variety of financial products and services including personal and business banking, wealth management, and mortgage lending.
Valley National Bancorp's mission is to be the premier community bank in its markets by providing a personalized and efficient banking experience for its customers. The company prides itself on its personalized customer service and community involvement.
In addition to its banking services, Valley National Bancorp also offers various online and mobile banking options, as well as educational resources for financial management and planning.
Valley National Bancorp is a publicly traded company listed on the New York Stock Exchange under the ticker symbol VLY. As of 2021, the company has over $42 billion in assets and employs over 3,000 people.
Overall, Valley National Bancorp is committed to serving the financial needs of its customers and supporting the communities it serves through charitable donations and volunteerism.

What is special about the company?

There are a few things that may be considered special or notable about Valley National Bancorp:
1. Long history: Valley National Bancorp has a long history dating back to 1927, making it one of the oldest banks in the United States. This history speaks to the stability and longevity of the company.
2. Geographic reach: Valley National Bancorp has a significant presence in the Northeast and Florida, with over 200 branches and more than $40 billion in assets. This wide geographic reach helps the company serve a diverse range of customers and gives it a competitive advantage.
3. Community involvement: Valley National Bancorp has a strong commitment to giving back to the communities it serves. The company has a dedicated community service department that organizes and supports various initiatives such as charitable donations, volunteer work, and financial education programs.
4. Strategic growth: Valley National Bancorp has a history of strategic growth through acquisitions and mergers. Notable acquisitions include the purchase of CNLBancshares, Inc. in 2017 and the acquisition of Oritani Financial Corp. in 2020. This growth strategy has helped the company expand its customer base and increase its market share.
5. Customer satisfaction: Valley National Bancorp has consistently received high ratings for customer satisfaction, including being named one of Forbes’ “Best Banks in America” for five consecutive years. This recognition highlights the company's commitment to providing excellent customer service and meeting the needs of its customers.

What the company's business model?

Valley National Bancorp is a regional bank holding company that offers a wide range of financial services, including commercial and consumer banking, wealth management, and insurance services. The company primarily operates in markets in New Jersey, New York, and Florida.
Their business model focuses on providing personalized financial solutions and building relationships with their customers. They offer various banking and financial products and services to both businesses and individuals, such as checking and savings accounts, loans, credit cards, investment and retirement products, and insurance.
Valley National Bancorp also aims to differentiate itself through its strong community presence and commitment to local businesses and organizations. This includes supporting community development and investing in affordable housing projects.
Additionally, the company has a strong focus on innovation and technology, constantly investing in and developing new ways to improve their products and services and provide a seamless banking experience for customers.
Overall, Valley National Bancorp's business model centers around meeting the financial needs of their customers while also driving growth and profitability through efficient operations and strategic partnerships.

Interesting facts about the company

1. Valley National Bancorp is a financial holding company for Valley National Bank, which is one of the largest commercial banks headquartered in New Jersey.
2. The company was founded in 1927 and has been in operation for over 90 years.
3. Valley National Bancorp has approximately $34 billion in assets and over 200 branch locations in New Jersey, New York, Florida, and Alabama.
4. Valley National Bank was originally called Passaic Park Trust Company and was founded by Italian immigrant Louis Bishop. It was renamed Valley National Bank in 1929.
5. The bank survived the Great Depression and was one of the few banks in the country to remain open during the Bank Holiday declared by President Roosevelt in 1933.
6. In the late 1970s, Valley National Bank expanded its operations outside of New Jersey by acquiring banks in Florida, Alabama, and New York.
7. The company went public in 1983 and is listed on the New York Stock Exchange under the ticker symbol VLY.
8. Valley National Bancorp is known for its strong community involvement and has been recognized for its commitment to diversity and inclusion.
9. In 2020, Valley National Bank was named as one of the World’s Most Admired Companies by Fortune magazine.
10. Valley National Bank offers a variety of financial services including commercial and consumer banking, wealth management, and insurance.
11. In 2021, Valley National Bancorp acquired Oritani Financial Corp, further expanding its presence in the New York metropolitan area.
12. The company has received numerous awards and recognitions, including being listed on Forbes’ list of America’s Best Banks in 2021.
13. Valley National Bancorp was also ranked among the top 10 Best Banks in America by Forbes in 2019 and 2020.
14. The bank has a strong focus on sustainability and has been recognized for its efforts in promoting environmental responsibility.
15. In 2020, Valley National Bancorp was named one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation.

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