Valley Bank Invested More than $2.5 Billion to Support Its Communities in 2024

Valley’s 10^th Sustainability Report Released

MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, released “Making our Mark, Together” – the Bank’s 2024 Sustainability Report which combines our annual Corporate Social Responsibility Report (CSR) and our biennial Environmental, Social, and Governance (ESG) Report. This year’s report highlights the Bank’s commitment to helping shape a world that thrives on sustainable community development. Last year, Valley invested more than $2.5 Billion to support organizations and communities in New Jersey, New York, Florida, Alabama, California, and Illinois. To view the full report click here.

Report highlights include:

• $782 million in community development loans to advance affordable housing and community services to low-to-moderate income (LMI) individuals, economic and community development, and revitalization and stabilization
• $734 million in community development investments supporting LMI neighborhoods individuals and businesses
• $478 million in multi-family and residential mortgage loans to support affordable housing in LMI areas and for LMI individuals
• $306 million in loans to support small businesses and/or in underserved neighborhoods
• $5.6+ million in total charitable giving last year to support non-profit organizations
• More than 16,300 volunteer hours to support community partners and programs in the regions Valley serves

Valley is committed to supporting community and economic development, as well as entrepreneurship, throughout the communities we serve, with a heightened focus on strengthening low-to-moderate income (LMI) neighborhoods and individuals. This issue marks the 10th edition of Valley’s report, outlining Valley’s continued commitment to our pillars:

• Promoting affordable housing
• Stimulating community and economic development
• Inspiring innovation and entrepreneurship
• Driving impactful local leadership

“As relationship bankers at Valley, collaboration with our community partners and other stakeholders creates positive impact and allows us to be responsive to the needs of the communities we collectively serve,” said Bernadette Mueller, Executive Vice President and Chief Corporate Social Responsibility-CRA Officer.

About Valley
As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with $62 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations and commercial banking offices across New Jersey, New York, Florida, Alabama, California, and Illinois, 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 Care Center at 800-522-4100.