Valley National Bank
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|Traded as||NYSE: VLY
S&P 400 Component
|Founded||Passaic, New Jersey, U.S. (1927 )|
|Headquarters||Wayne, New Jersey, U.S.|
|Revenue||US$ 715 million (FY 2015) |
|US$ 103 million (FY 2015)|
|Total assets||US$ 19.4 billion (FY 2015)|
|Total equity||US$ 1.9 billion (FY 2015)|
Number of employees
|2,929 (FY 2015)|
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.
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.
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