Type Public Revenue 715 million USD (2015) | CEO Gerald H. Lipkin (1989–) Total assets 19.4 billion USD (2015) | |
Traded as NYSE: VLY
S&P 400 Component Industry Banking
Finance
Insurance Founded Passaic, New Jersey, U.S. (1927 (1927)) Area served New Jersey
New York
Pennsylvania
Florida Key people Gerald H. Lipkin Chairman and Chief Executive Officer
CEO
Ira Robbins President of Valley National Bank
Rudy Schupp President of Valley National Bancorp Stock price VLY (NYSE) US$ 11.80 -0.07 (-0.59%)31 Mar, 4:03 PM GMT-4 - Disclaimer Headquarters Wayne, New Jersey, United States | ||
Valley national bank tv spot
Valley National Bancorp (NYSE:VLY) is a regional bank holding company headquartered in Wayne, New Jersey with over $19 billion in assets. Its principal subsidiary, Valley National Bank, currently operates 209 branch locations serving 30 counties throughout northern and central New Jersey, Manhattan, Brooklyn, Queens, Long Island and Florida. Valley National Bank is one of the largest commercial banks headquartered in New Jersey.
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History
Valley National Bank was founded in 1927 as the Passaic Park Trust Company. The Bank changed its name in the mid-1930s to the Bank of Passaic and Trust Company. In 1956 the Bank acquired the Bank of Allwood located in Clifton, New Jersey. At the same time, the name was changed to the Bank of Passaic and Clifton. The acquisition of the Bank of Wayne in 1976 created a need for a new identity, and the name Valley National Bank was chosen.
From its founding in 1927 until 1999 Valley National Bank was based in Passaic, New Jersey. That year, following the acquisition of Wayne-based Ramapo Bank, Valley National moved its headquarters to Wayne.