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Valley Bank Releases 2021 Corporate Social Responsibility Report
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Highlights $3.13 Billion Investment
WAYNE, N.J.--(BUSINESS WIRE)--
Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, released Progressing with Purpose, the Bank’s 2021 Corporate Social Responsibility (CSR) Report that highlights the Bank’s commitment to helping build stronger communities and to advance its mission to raise awareness of community and social impact. In 2021, Valley invested more than $3 Billion to support communities and organizations in New York, New Jersey, Florida and Alabama. To view the full report, click here or visit www.valley.com/CSR2021.
Valley is dedicated to playing a part in the continued progression of the areas we serve. The report highlights Valley’s ongoing commitment to serving low-to-moderate income (LMI) neighborhoods and individuals. This includes $468 Million in community development loans to advance affordable housing and community services to LMI individuals, economic and community development, and revitalization and stabilization. To further support underserved neighborhoods and areas, $337 Million in multi-family loans were provided and over 6,100 loans were made to small businesses. The Bank also supported non-profit organizations with nearly $3.7 Million in total charitable giving last year.
Valley focuses on its four CSR pillars which include promoting affordable homes, inspiring innovation and entrepreneurship, stimulating economic and community development and living its commitment to impactful local leadership. Throughout 2021, Valley's Environmental Social Governance (ESG) council continued to develop a strategy for achieving business objectives while remaining socially responsible. The bank has implemented a Sustainable Lending program for hybrid and electric vehicle financing, and provides loans that support renewable resources and energy efficient buildings. Valley released its first annual ESG Report in December 2021 which highlights our plans, progress and impact.
“Valley’s commitment to our communities remains a priority and we continue to explore and adopt new initiatives and partnerships,” said Bernadette Mueller, Executive Vice President and Chief CSR-CRA Officer. “Supporting those in need defines our purpose and while these past two years have been challenging for so many, we are pleased to collaborate with community-based organizations to help those who need it most.”
About Valley
As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $54 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.
valley national bank, the wholly-owned subsidiary of valley national bancorp (nyse:vly), provides retail and commercial banking services, cash management, consumer and commercial lending, investment alternatives, insurance and estate planning solutions through 213 locations, 254 atms, online (valleynationalbank.com), and mobile devices. as a regional bank, we offer innovative financial solutions and exceptional customer service throughout new jersey, manhattan, bronx, brooklyn, queens, long island, and florida. our goal is to assist you in achieving your financial goals with information, guidance, insight and tools. our conservative approach, designed to protect our customers, shareholders and employees, is one of our strengths, especially during uncertain economic times. we are big enough to provide the depth and breadth of resources, yet we have the ability to deliver customized solutions like a responsive, local community bank. above all, we are a bank you can trust. that’s wh
