WAYNE, N.J.--(BUSINESS WIRE)--Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ: VLY), announced today the promotion of Thomas Iadanza to President. In this new role he will oversee the bank’s day-to-day operations including commercial banking, retail banking, digital products, credit, customer experience and financial services. A ten-year veteran at Valley, Iadanza was most recently Senior Executive Vice President, Chief Banking Officer.
“Tom is an exceptional leader who has played an integral role in Valley’s growth,” commented Ira Robbins, who will remain Chief Executive Officer. “As we continue to expand our capabilities, services and footprint, Tom will drive these efforts and ensure we maintain true to our culture of a relationship bank that delivers service-based results.”
“I am honored that Ira and the board have put their trust in me to help lead Valley forward,” Iadanaza stated. “During Ira’s tenure as President and CEO, we’ve grown from a bank with approximately $20 billion in assets to one approaching $50 billion with a focused growth plan in place. I am confident that we have the right people and vision to make Valley one of the premiere commercial banks in the country and I couldn’t be more exited about our future.”
About Valley
As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $41 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.
