VLY 📈 Valley National Bancorp - Overview

Valley National Bancorp is a holding company that operates Valley National Bank, providing a wide range of financial services and products to its customers. The company's services can be broadly categorized into three main segments: Consumer Banking, Commercial Banking, and Treasury and Corporate. Through these segments, Valley National Bancorp offers a diverse array of products, including deposit accounts such as non-interest bearing, savings, NOW, money market, and time deposit accounts. Additionally, the company provides various loan products, including commercial and industrial loans, commercial real estate loans, residential mortgage loans, and automobile loans.

The company's loan portfolio also includes loans secured by the cash surrender value of life insurance, home equity loans and lines of credit, and secured and unsecured consumer loans. Furthermore, Valley National Bancorp invests in various securities and interest-bearing deposits with other banks, and provides international banking services, such as standby and documentary letters of credit, foreign exchange transactions, and foreign wire transfers. The company's investment services cater to individuals and small to medium-sized businesses, offering trusts and investment strategies designed for various investment profiles and objectives.

Valley National Bancorp's trust services include living and testamentary trusts, investment management, custodial and escrow services, and estate administration for individuals. The company also provides tax credit advisory services, brokerage services, and insurance agency services, including property and casualty, life, health, and title insurance. Moreover, Valley National Bancorp offers health care equipment lending and other commercial equipment leasing services, and owns real estate-related investments. The company's online, mobile, and telephone banking services enable customers to manage their accounts and conduct transactions remotely.

In addition to its core banking services, Valley National Bancorp provides a range of other services, including receivable, payment, and security solutions, merchant services, payroll processing, and liquidity services. The company also offers credit cards, drive-in and night deposit services, automated teller machine services, remote deposit capture, and safe deposit facilities. With a history dating back to 1927, Valley National Bancorp is headquartered in Morristown, New Jersey, and operates as a common stock company with the ISIN US9197941076, classified under the GICS Sub Industry of Regional Banks.