Valley National Bancorp reports developments tied to its role as the holding company for Valley National Bank, a regional bank serving consumer, commercial, private banking, insurance and wealth management customers. Company news commonly covers quarterly earnings, deposit and loan trends, balance sheet priorities, commercial and industrial banking activity, and expansion of relationship-based banking teams across its multistate footprint.
Recurring updates also include common and preferred stock dividends, share repurchase authorizations, Community Reinvestment Act performance, small business banking initiatives, middle-market commercial customer surveys, and the activities of affiliates such as Dudley Ventures in tax credit advisory services.
Valley National Bancorp (NASDAQ: VLY) declared its quarterly dividends, scheduled for distribution to shareholders on June 30, 2020. The preferred stock dividends include $0.390625 per share for Series A and $0.34375 for Series B. Additionally, a common stock dividend of $0.11 per share is set for July 1, 2020. Notably, the common stock dividend remained unchanged from the previous quarter. The bank, with $39 billion in assets, continues to focus on customer service and community support while navigating economic challenges.