Valley National Bancorp (NASDAQ: VYL), the holding company for Valley National Bank, released Caring for Our Communities, the Bank’s 2019 Corporate Social Responsibility (CSR) Report that highlights its core beliefs to be a true advocate for its local communities by empowering them with tools, support and resources to succeed.
In 2019, Valley invested $1.4 billion to support communities and organizations in New York, New Jersey, Florida and Alabama including $445 million for Small Businesses, $261 million for Community Development Lending , $210 million for Community Development Investments, $313 million for 1-4 family residential mortgages and $168 million for multi-family housing.
“Our mission is to empower the communities we serve through active involvement including dynamic investment and collaboration,” said Bernadette Mueller, EVP and Chief CSR-CRA Officer, Valley Bank. “In these unprecedented times, this is more important than ever and we remain committed to building stronger communities throughout our footprint.”
This report reflects the belief that as an advocate for local communities through lending, investing, grants and volunteerism, CSR is fundamental to Valley’s culture and purpose. It also shows the great, collaborative work across teams and regions, including supporting the Bank’s overarching CSR Pillars:
– Promoting Affordable Homes
– Inspiring Innovation & Entrepreneurship
– Stimulating Economic & Community Development
– Living Commitment to Impactful, Local Leadership
Additionally, Valley’s CSR Report is a reflection of its commitment to advancing financial and social justice, economic growth and development, and sustainability of its communities. Valley is proud of the work and dedication captured in this report and the continuing efforts of Valley associates to help its communities thrive.
As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $42 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations across New Jersey, New York, Florida and Alabama, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley’s corporate citizenship philosophy. To learn more about Valley, go to www.valley.com or call our Customer Service Center at 800-522-4100.
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