Valley National Bancorp
Valley National Bancorp
Subscribe to the company
Valley National Bancorp

Companies

Valley National Bancorp

Valley National Bancorp

Banks and investments

Description

Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Wayne, New Jersey, with approximately $43 billion in assets. Its principal subsidiary, Valley National Bank (also doing business as Valley Bank), currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, Westchester County, New York, Florida and Alabama.

Valley Bank is one of the largest commercial banks headquartered in New Jersey.

History

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 of Passaic and Trust Company acquired the Bank of Allwood located in Clifton, New Jersey, and changed its name to The Bank of Passaic and Clifton. The acquisition of the Bank of Wayne in 1976 created a need for a new identity to show the expanded geographic reach of the bank, and the name Valley National Bank was chosen, in reference to the lower Passaic River valley shared by Wayne, Clifton, and Passaic.

In 1983, Valley National Bancorp was formed as the holding company of Valley National Bank.

In 1989, Samuel F. Riskin retired as the chairman and chief executive officer of the company. Riskin had served as the longest-tenured president of Valley National Bank, having been appointed in 1953. Under his leadership, the bank's assets grew from $40 million to $3 billion. Riskin, who died in 1992, was replaced by Gerald H. Lipkin, who served as chairman of the board of Valley National Bancorp, and who served as president and CEO of Valley National Bank until 2018.

On January 1, 2018, Ira Robbins was appointed CEO and president, the third president of the bank since 1953.

Rating GlobalNY.biz

Take place
general
№670
general
Take place
area
№81
area

NEW YORK COMPANIES


New York business portal GlobalNY.biz includes a huge directory of organizations operating in New York. Here you can easily find all the necessary information about the company. The organization card contains a full info page with a detailed description of the company's activities, logo, contact details and a link to the organization's official website. The reader can also immediately familiarize himself with the staff of the company, see the latest press releases and news block, and also see what line of the rating the company occupies. The rating of a member of the GlobalNY.biz business portal is calculated based on the number of mentions in the New York news and posted press releases containing information about the organization's activities and its achievements. You can also rise in the rating by publishing vacancies, as well as the number of registered persons. At the same time, company representatives can independently see how many times the company's card has been viewed on GlobalNY.biz, as well as promptly correct the information.
We pay special attention to the multifunctionality of the "Companies" section. For your convenience, there is a search box, as well as an industry heading.
New York Business Portal is always up-to-date database of New York enterprises!
Alena Potapova

Development Director
Population
8159045863
Died this year
46039477
Born this year
113265262