WAYNE, N.J., Jan. 5, 2017 /PRNewswire/ -- Valley National
Bancorp (NYSE:VLY) ("Valley"), the holding company for Valley
National Bank, is pleased to announce organizational leadership
changes in conjunction with the Bank's long term succession
plan. In executing this strategy, we are delighted to
announce the promotions of Ira
Robbins to President of Valley National Bank and
Rudy Schupp as President of Valley
National Bancorp and Chief Banking Officer of Valley National
Bank.
Chairman and CEO Gerald Lipkin
commented that "Mr. Robbins will work closely with the management
team and the Board, while overseeing many business units of the
bank including the consumer bank, credit division, information
technology, bank operations and all financial areas. We are
confident of Ira's capacity to oversee these critical areas of our
bank, and direct the execution of Valley's strategic initiatives.
Over the past several years Ira has been a trusted leader and
instrumental member of the executive management team. He has
added tremendous value to the Bank.
Mr. Schupp will also be responsible to work with the management
team and Board in overseeing opportunities related to growth,
strategy and shareholder relations for our bank holding
company. As Chief Banking Officer of Valley National Bank, he
will be responsible for commercial, mortgage and retail lending, as
well as trust and wealth management. Rudy is a talented
leader and has broad knowledge of the Banking industry. He
has operated and spearheaded the successful growth of our
Florida franchise and is immensely
qualified to deliver on Valley's mission and strategic
vision. Rudy has been a key member of Valley's senior
management team since we acquired 1st United Bank in
2014, where he served as 1st United's CEO."
Lipkin added "with the promotions of Ira
Robbins and Rudy Schupp we
are emphasizing our commitment to Valley's efficiency and growth
initiatives. I am confident that with their strong banking
experience and leadership capabilities they will continue Valley's
long history of successful results and I look forward to working
closely with both of them."
About Valley
Valley National Bancorp is a regional
bank holding company headquartered in Wayne, New Jersey with over $22 billion in assets. Its principal subsidiary,
Valley National Bank, currently operates 209 branch locations
serving northern and central New
Jersey, the New York City
boroughs of Manhattan,
Brooklyn, Queens and Long
Island, and Florida. Valley
National Bank is one of the largest commercial banks headquartered
in New Jersey and is committed to
providing the most convenient service, the latest in product
innovations and an experienced and knowledgeable staff with a high
priority on friendly customer service 24 hours a day, 7 days a
week. For more information about Valley National Bank and its
products and services, please visit www.valleynationalbank.com or
call Customer Service, 24/7 at 800-522-4100.
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SOURCE Valley National Bancorp