Valley National Bancorp is a bank holding company with headquarters in Wayne, New Jersey. The company operates over 230 branches in New Jersey, New York, Florida, and Alabama. Valley National Bancorp offers a wide range of financial products and services, including deposit accounts, credit cards, mortgages, auto and consumer loans, cash management, trade financing, payment processing, SBA loans, and investment management services.
Valley National Bancorp is divided into three main divisions: retail banking, commercial banking, and institutional banking. For retail banking customers, Valley National Bancorp offers a variety of deposit products such as savings accounts, checking accounts, money market accounts, and certificates of deposit. Additionally, the company offers credit products such as mortgages, consumer loans, auto loans, and credit cards.
In the commercial banking segment, Valley National Bancorp provides business customers with a wide range of financial solutions. These include loans and lines of credit tailored to the specific needs of businesses, as well as cash management services, trade financing, ACH payment services, and electronic payment processing systems. The company also offers specialized services, such as a subsidiary called VNB Wealth Management, which provides financial planning, investment management, and asset management services.
In the institutional banking segment, Valley National Bancorp offers a variety of services to meet the needs of banks, credit unions, and other financial institutions. These include loan portfolio acquisition, deposit management, cash management services, trade financing, and investment management services.
Additionally, Valley National Bancorp offers payment processing services. The company offers Electronic Payment Service, Inc., which provides a wide range of payment solutions for businesses of all sizes. These include POS equipment, mobile payment solutions, e-commerce, debit and credit card processing, and gift card programs.
Another important product offering from Valley National Bancorp is its mortgage division. Valley National Mortgage Company offers a variety of mortgage loans, including 30-year fixed-rate mortgages, adjustable rate mortgages (ARMs), renovation mortgages, and jumbo mortgages.
Valley National Bancorp is also active in the realm of community banking. The company takes pride in engaging with the communities it serves and offers a variety of programs and initiatives, such as donation campaigns and volunteering. Valley National Bancorp also partners with community organizations to promote economic development in their communities.
In summary, Valley National Bancorp is a versatile financial services company that offers a wide range of products and services to meet the needs of its customers. The company has established itself in both consumer and commercial banking and has earned an excellent reputation in the industry thanks to its broad range of solutions and services.