Valley National Bancorp (NYSE:VLY)

9.95
Data as of Nov 26
 +0.05 / +0.51%
Today’s Change
9.05
Today|||52-Week Range
10.81
-1.68%
Year-to-Date
SECTOR
Finance
INDUSTRY
Regional Banks
MARKET CAP
$2.3B

Company Description

Valley National Bancorp. operates as a bank holding company. The company, through its subsidiary, Valley National Bank, provides retail and commercial banking services, including depository banking, consumer and commercial lending, trust and pension services. It operates through four reportable business segments: Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments. The Consumer Lending segment provides residential mortgages, home equity loans and automobile loans. The Commercial Lending segment comprised of floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. The Investment Management segment comprised of fixed rate investments, trading securities, and depending on liquid cash position, federal funds sold and interest-bearing deposits with banks. The Corporate and Other Adjustments segment represents income and expense items not directly attributable to a specific segment, including trading and securities gains, and net impairment losses on securities not reported in the investment management segment. Valley National Bancorp's subsidiaries are engaged in asset management, mortgage servicing, and multi-line insurance. The company was founded in 1983 and is headquartered in Wayne, NJ.

Contact Information

Valley National Bancorp
1455 Valley Road
Wayne New Jersey 07470-2089
P:(973) 305-8800
Investor Relations:
(973) 305-4005

Employees

Shareholders

Individual stakeholders5.02%
Mutual fund holders34.94%
Other institutional21.39%

Top Executives

Gerald Howard LipkinChairman, President & Chief Executive Officer
Peter P. CrocittoChief Operating Officer, Director & SEVP
Alan D. EskowCFO, Secretary, Director & Senior Executive VP
Robert J. MulliganChief Administrative Officer & Executive VP
Robert E. FarrellExecutive Vice President

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