VALLEY NATIONAL BANK
Valley National Bank, now known as Valley Bank, has a rich history that traces back to its founding year of 1927, initially established as the Passaic Park Trust Company. The bank underwent several name changes over the decades, notably in the mid-1930s when it was renamed the Bank of Passaic and Trust Company. Following an acquisition in 1956, it took on the name The Bank of Passaic and Clifton, and later on, the acquisition of the Bank of Wayne in 1976 prompted a rebranding to Valley National Bank to better reflect its expanded geographic reach.
To Read Core Details Of Valley National Bank In short CLick Here.
The bank's headquarters is situated in Morristown, New Jersey, although previously it was listed at 615 Main Ave, Passaic, NJ, 07055. As a subsidiary of Valley National Bancorp, the bank operates with a substantial network of 230 branches sprawled across four states, namely New Jersey, New York, Florida, and Alabama, providing a wide range of financial services to its clientele.
Valley National Bank is recognized as a member of the Federal Deposit Insurance Corporation (FDIC) since January 1, 1934, with an FDIC certificate number of 9396. It operates under a National Bank Charter Class, indicating its membership in the Federal Reserve System, with the Comptroller of the Currency serving as its primary federal regulator. The bank falls under the commercial bank category, with a national (federal) charter and Federal Reserve membership, being supervised by the Office of the Comptroller of the Currency.
When it comes to facilitating transactions, Valley National Bank utilizes the routing number 021201383. This routing number is essential for processing banking transactions such as wire transfers, automated clearing house transactions, and check ordering. Here is the list of Valley National Bank Routing Numbers CLick Here.
The bank's policy and governance structure have evolved over the years, with a significant milestone being the formation of Valley National Bancorp in 1983, serving as the holding company of Valley National Bank. The leadership of the bank saw transitions with notable figures like Samuel F. Riskin and Gerald H. Lipkin, before the appointment of Ira Robbins as the CEO on January 1, 2018, marking the beginning of a new era of leadership.
VALLEY NATIONAL BANK INFORMATION
| Bank Name | Valley National Bank |
|---|---|
| Headquarters | 615 Main Avenue, Passaic, New Jersey 07055 |
| Bank Class | National Bank - FED Member |
| CEO | Ira Robbins |
| Bank FDIC | Certificate #9396 |
| Swift Code | MBNYUS33XXX |
| Atm's | 200+ |
| Location | 230 Branches in 6 states |
| Routing Number | Click Here |
| President | Thomas Iadanza |
| Customer Service | 1 (800) 522-4100 |
| Credit Card Support | 1 (800) 522-4100 |
| Number of Employees | 3,826 |
| ISIN | US9197943056 |
| Area Served | New Jersey, New York, Pennsylvania, Florida, Alabama, Illinois, California |
| Key People | Ira Robbins (Chairman and CEO), Thomas Iadanza, (President), Michael Hagedorn, (Senior Executive Vice President and CFO) |
| Website | https://www.valley.com/ |
VALLEY NATIONAL BANK ROUTING NUMBERS
021201383
VALLEY NATIONAL BANK SWIFT CODE MBNYUS33XXX DETAILS
A SWIFT code, also known as a BIC (Bank Identifier Code), is a standard format for uniquely identifying banks globally, especially during international transactions. It comprises 8-11 characters. The first 4 characters represent the bank's code, the next 2 denote the country, followed by 2 for the city. The remaining characters (which are optional) specify the bank's branch. This system ensures secure and efficient cross-border transfers. For instance, when sending money overseas, one would need the recipient's bank SWIFT code. It acts as an address that tells where to send the money, ensuring funds reach the correct institution.
VALLEY NATIONAL BANK
-
Country code A-Z
2 letters representing the country the bank is in.
-
Location code 0-9 A-Z
2 characters made up of letters or numbers. It says where that bank's head office is.
-
Branch Code 0-9 A-Z
3 digits specifying a particular branch. 'XXX' represents the bank’s head office.
VALLEY NATIONAL BANK IN STATES
HISTORY OF VALLEY NATIONAL BANK
Below is a list of some important events in banks history, including mergers and acquisitions.
| DATE | EVENT |
|---|---|
| 01-01-1927 | Institution established. Original name: Passaic Park Trust Company. |
| 02-21-1935 | Institution becomes member of the Federal Reserve System. |
| 02-21-1935 | Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS). |
| 02-21-1935 | Changed Primary Federal Regulatory Agency to Fed. |
| 01-15-1937 | Changed Institution Name to Bank of Passaic and Trust Company. |
| 05-28-1957 | Main Office moved to 505 Allwood Road, Clifton, NJ 07012. |
| 10-08-1958 | Changed Institution Name to Bank of Passaic and Clifton. |
| 02-11-1969 | Main Office moved to 615 Main Avenue, Passaic, NJ 07055. |
| 03-13-1970 | Changed Chartering Agency to Occ. |
| 03-13-1970 | Changed Bank Class to National Bank, member of the Federal Reserve System (FRS). |
| 03-13-1970 | Changed Primary Federal Regulatory Agency to Occ. |
| 03-13-1970 | Changed Institution Name to Bank of Passaic and Clifton, National Association. |
| 05-10-1976 | Changed Institution Name to Valley National Bank. |
| 06-11-1976 | Acquired Bank of Wayne, National Association (20596) in Wayne Township, Nj. |
| 06-17-1977 | Acquired Bankers National Bank (6311) in Elmwood Park, NJ. |
| 12-31-1981 | Acquired Liberty National Bank (21175) in Hillsdale, NJ. |
| 01-30-1982 | Acquired Fair Lawn State Bank (19665) in Fair Lawn, NJ. |
| 06-06-1986 | Acquired The First National Bank and Trust Company of Kearny (6361) in Kearny, NJ. |
| 06-07-1991 | Acquired North Jersey Federal Savings Association (33289) in Passaic, NJ. |
