Valley National Bancorp (VLY)

7.31 +0.11 (+1.53%) At close: 04:00PM EDT

Valley National Bancorp

70 Speedwell Avenue
Morristown, NJ 07960
United States
(800) 522-4100
https://www.valley.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 3,749

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Ira D. Robbins	Chairman & CEO	2.35M	N/A	1975
Mr. Thomas A. Iadanza	President & Chief Banking Officer	1.49M	N/A	1959
Mr. Michael D. Hagedorn	Senior EVP & CFO	1.08M	N/A	1967
Mr. Joseph V. Chillura	Senior Executive Vice President of Commercial Banking	935.83k	N/A	1967
Mr. Raja A. Dakkuri	Senior EVP & Chief Risk Officer	1.14M	N/A	1971
Mr. Russell Barrett	Senior EVP & COO	N/A	N/A	1976
Mr. Mitchell L. Crandell	Executive VP & Chief Accounting Officer	N/A	N/A	1971
Mr. Travis P. Lan	Head of Investor Relations	N/A	N/A	N/A
Mr. Ronald H. Janis	Senior EVP, Corporate Secretary & General Counsel	977.04k	N/A	1949
Mr. Marc Piro	Senior VP, Head of Content, Creative & Public Relations	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; automobile financing; and secured and unsecured other consumer loans. It also invests in various securities and interest-bearing deposits with other banks; and provides international banking services, such as standby and documentary letters of credit, and related products, as well as foreign exchange transactions, documentary collections, and foreign wire transfers services. In addition, the company offers investment services for individuals and small to medium sized businesses; and trusts investment strategies designed for various investment profiles and objectives. Further, it provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; brokerage services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as owns real estate related investments. Additionally, the company offers online, mobile, and telephone banking services; receivable, payment, and security solution, merchant, payroll processing, and liquidity services; credit cards; and drive-in and night deposit, automated teller machine, remote deposit capture, and safe deposit facility services. Valley National Bancorp was founded in 1927 and is headquartered in Morristown, New Jersey.

Corporate governance

Valley National Bancorp’s ISS governance QualityScore as of 1 April 2024 is 1. The pillar scores are Audit: 1; Board: 4; Shareholder rights: 1; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.