Valley National Bancorp

New Jersey-based regional bank holding company for Valley National Bank

What Valley National Bancorp does

Valley National Bancorp owns Valley National Bank, which takes deposits and makes loans to consumers and businesses. It offers checking and savings accounts, mortgages, auto loans, business loans and commercial real estate lending, along with wealth management, trust and insurance agency services. Founded in 1927, it is headquartered in Morristown, New Jersey.

How Valley National Bancorp makes money

It earns most of its money from the gap between interest charged on loans and securities and interest paid on deposits. It also earns fees from wealth management, trust, brokerage, insurance agency, equipment leasing, tax credit advisory and banking services.

Products & services

• Commercial and commercial real estate loans
• Residential mortgages and home equity lines
• Automobile loans and financing
• Deposit accounts (checking, savings, money market, CDs)
• Wealth management, trust and brokerage services
• Niche banking for HOAs, cannabis businesses and venture clients