Stock Report: Valley National Bancorp (VLY) Report Updated: May 13, 2013 | Print This Page

Valley National Bancorp operates as the bank holding company for the Valley National Bank that provides various commercial, retail, trust, and investment services. Its deposit products include savings accounts, NOW accounts, money market accounts, time deposits, and certificates of deposit. The company offers commercial loans, including floating and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans; and consumer loans comprising residential mortgage, automobile, home equity, and credit card loans, as well as lines of credit. It also provides trust services consisting of living and testamentary trusts, investment management, custodial and escrow services, and estate administration primarily to individuals; and asset management advisory services, including investment services for individuals and small to medium sized businesses, and trusts and custom tailored investment strategies for various retirement plans. In addition, the company invests in various securities, such as fixed rate investments, trading securities, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit, and related products, as well as ancillary services. Further, it provides property and casualty, life, health, and title insurance; asset-based lending support services; financing for general aviation aircraft, and servicing for existing commercial equipment leases; health care equipment and other commercial equipment leases; and owns real estate related investments. Additionally, the company offers other banking services, such as automated teller machines, telephone and Internet banking, overdraft facilities, drive-in and night deposit services, and safe deposit facilities. It operates 211 branches in 147 communities in New Jersey and New York. The company was founded in 1927 and is headquartered in Wayne, New Jersey.