Valley National Bank Expands Chicago Regional Offices In New Downtown Location

New offices provide larger capacity and resources for growing team and mark success of market growth in Chicago for Valley Bank.

CHICAGO--(BUSINESS WIRE)--Valley National Bank, a New Jersey-based regional bank with $62 billion in assets, is significantly expanding its Chicago office footprint from 5,000 square feet to 10,000 square feet at its Midwest hub location at 1 N LaSalle to accommodate its thriving team. The move coincides with the bank’s two-year anniversary of its Chicago office under the leadership of Matt Weidle, First Senior Vice President and Midwest Regional President.

Valley entered the Chicago market through its merger with Bank Leumi USA in April 2022 and appointed Weidle to lead and expand the Midwest franchise in May 2023. Weidle joined Valley from Bank of the West as Regional Manager where he managed a team of bankers responsible for a book of business of over $2 billion in loan commitments. During this time Weidle grew a team of two into a team of more than 40 financial professionals.

Since joining Valley, Weidle has augmented the strong in-place capabilities with several strategic hires to offer expanded commercial & industrial, real estate, asset-based lending and wealth management solutions across the Midwest. In 2024, Weidle led Valley’s Chicago-based team to increase deposits by 80 percent and commercial loans by 64 percent. Recent growth in the market reflects the team’s focus on both new client acquisition and deeper penetration of existing relationships and has contributed to the ongoing geographic diversity of Valley’s business.

“Our Chicago-based banking team has made tremendous progress in the past two years, and we look forward to leveraging our new office space to continue the growth of Valley’s emerging Midwest and Great Lakes franchise,” said Matt Weidle, First Senior Vice President and Midwest Regional President at Valley. “The Chicago team also continues to put community first, creating strong relationships with local nonprofits and participating in volunteer opportunities.”

The new office location will be celebrated with a Grand Opening event in late summer.

Weidle and his team will continue to serve prominent Midwest industries such as transportation, manufacturing, metals, food and beverage and more with its range of services.

Since its expansion into the Chicago market, Weidle and his team have proudly become a valuable resource and partner to the local community. Valley supports a wide range of initiatives from education opportunities with local universities to volunteering with community organizations including Junior Achievement of Chicago, Feed My Starving Children, Mercy Home for Boys and Girls, Arrupe College and many more.

About Valley National Bank

As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with over $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.