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Valley National Bancorp (VLY)


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Valley National Bancorp

1455 Valley Road
Wayne, NJ 07470
United States
973-305-8800

SectorFinancial
IndustryRegional - Northeast Banks
Full Time Employees2,828

Key Executives

NameTitlePayExercisedAge
Mr. Gerald Howard LipkinChairman, CEO, Chairman of Valley National Bank and CEO of Valley National Bank2.06MN/A76
Mr. Rudy Everett SchuppPres and Chief Banking Officer of Valley National Bank844.39kN/A66
Mr. Alan David Eskow CPACFO, Sr. EVP & Corp. Sec.864.46kN/A68
Mr. Ira D. RobbinsSr. EVP, Treasurer, Pres of Valley National Bank and Treasurer of Valley National Bank852.76kN/A42
Mr. Peter CrocittoConsultant853.86kN/A59
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, 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, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2016, it operated 209 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

Corporate Governance

Valley National Bancorp’s ISS Governance QualityScore as of June 2, 2017 is 1. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 1; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.