Valley Bank Releases 2021 Corporate Social Responsibility Report
October 06 2022 - 8:30AM
Business Wire
Highlights $3.13 Billion Investment
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.
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Pam Golden (973) 564 - 8591 pam@glapr.com
Valley National Bancorp (NASDAQ:VLY)
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