WAYNE, N.J., Oct. 18, 2017 /PRNewswire/ -- Valley National
Bancorp (NYSE: VLY) released its 2017 Annual Dodd-Frank Act Stress
Test Disclosure for Valley National Bancorp and Valley National
Bank, its principal subsidiary.
The results are calculated using capital action assumptions
consistent with the Dodd-Frank Act Stress Test rules. Results are
based on a forward-looking exercise using a hypothetical severely
adverse macroeconomic scenario developed by the Board of Governors
of the Federal Reserve System which do not represent Valley's
economic forecast.
The full disclosure, including a summary of the supervisory
severely adverse scenario and additional information regarding the
methodologies used to conduct the stress test, may be found under
the Shareholder Relations section of Valley's website at
www.valleynationalbank.com.
Valley National Bancorp is a regional bank holding company
headquartered in Wayne, New Jersey
with approximately $23 billion in
assets. Its principal subsidiary, Valley National Bank, currently
operates over 200 branch locations in 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 with executive
offices in Manhattan and
West Palm Beach. Helping
communities grow and prosper is the heart of Valley's corporate
citizenship philosophy. For more information about Valley
National Bank and its products and services, please visit a
convenient branch location, www.valleynationalbank.com or call our
Customer Service Team at 800-522-4100.
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SOURCE Valley National Bank