Valley National Bank

Office address: 70 Speedwell Avenue Morristown, NJ 07960
Website: valley.com
Year established: 1927
Company type: banking
Employees: 3,800+
Expertise: commercial real estate, commercial and industrial, healthcare, nonprofit, government contracting, technology, wealth management, estate planning, insurance, business banking
Parent company: Valley National Bancorp
Key people: Ira Robbins (CEO), Russell Barrett (COO), Travis Lan (CFO), Gino Martocci and Joseph Colleran (presidents), Alex Klein and Michael Zaremsky (division heads)
Financing status: corporation

Valley National Bank is a leading commercial bank based in Wayne, with over $63 billion in assets and more than 230 branches across six states. The bank offers banking services, wealth management, estate planning, and investment services through its subsidiaries. Also known as Valley Bank, it is known for its expertise in commercial real estate, healthcare, and government contracting.

History of Valley National Bank

Valley National Bank traces its roots to 1927, when it was founded as Passaic Park Trust Company in New Jersey. The bank changed its name to Bank of Passaic and Trust Company in the 1930s, which reflected its growing presence in the region.

By 1956, it had acquired the Bank of Allwood in Clifton, New Jersey, and soon after became known as The Bank of Passaic and Clifton.

A new identity

A major turning point came in 1976 with the acquisition of the Bank of Wayne. This move inspired the adoption of the Valley National Bank name, which signaled a broader vision and commitment to serving more communities. The formation of Valley National Bancorp as the holding company in 1983 set the stage for further growth.

Valley National Bank’s expansion

The bank continued to expand through strategic acquisitions and new branches. In recent years, Valley Bank opened retail locations in Beverly Hills and Staten Island. The Beverly Hills branch became the flagship for the West Coast, building on earlier commercial lending and community efforts in Los Angeles.

Serving diverse needs

Today, Valley National Bank employs more than 3,800 people and serves a wide range of industries. The bank became recognized for its focus on customer needs and its ability to offer tailored solutions. This approach has helped Valley earn trust and recognition for nearly a century

Valley National Bank products and services 

The company’s approach blends personal service with digital tools and experienced advisors. Valley Bank’s investment solutions include:

Wealth management

• personalized wealth planning: tailored strategies for individual financial goals
• investment asset allocation: custom portfolio mix for risk and growth
• estate planning services: guidance for legacy and wealth transfer
• trust services: management and settlement of estates

Investment products

• fixed income investments: bonds and similar income-generating assets
• equities and options: access to stocks and market derivatives
• mutual funds: diversified investment fund options
• structured notes and alternatives: non-traditional investment opportunities

Digital investing

• Valley Digital Investor: online platform for automated investing
• automatic portfolio rebalancing: keeps investments aligned with goals

Valley National Bank also provides insurance solutions, securities-based lending, and capital markets access. Clients benefit from experienced advisors, strong community ties, and a focus on long-term relationships.

Culture and corporate values

Valley National Bank states that it aims to build a workplace rooted in inclusivity, collaboration, and innovation. The company also says it supports professional growth, skill development, and continued education for its employees. Their benefits include:

• health and wellness: medical, dental, vision, life, and AD&D insurance
• financial wellbeing: 401(k), HSA, FSA, and preferred loan rates
• pet insurance: coverage options for pets available to staff
• discounts and purchasing power: employee shopping tool and special purchase programs
• tuition reimbursement: support for continued education and learning
• volunteer PTO: paid time off for community service
• supportive environment: internship program and business resource groups for career growth
• community impact: opportunities to teach financial literacy and join charitable partnerships

Valley National Bank highlights its inclusive culture as key to building strong relationships with staff and communities. The company’s Business Resource Groups help teams connect, work together, and support each other. The Valley Intern Program focuses on skill development and offers real opportunities to make an impact.

About CEO Ira Robbins and key people

Ira Robbins is CEO of Valley National Bancorp and Valley National Bank, and also serves as chairperson of the board. Robbins joined Valley in 1996 through the Management Associate Program and has held several leadership roles since then. He holds a bachelor’s degree from Susquehanna University, an MBA from Pace University, and is a Stonier Graduate School of Banking graduate.

Key people in executive leadership and wealth management guide Valley’s growth and client solutions:

• Russell Barrett leads as COO and oversees daily operations and process improvements
• Travis Lan is CFO and directs financial strategy and reporting
• Gino Martocci is president of commercial banking and focuses on business client relationships
• Joseph Colleran is president for Valley Financial Management and specializes in investment and wealth planning
• Alex Klein leads international private banking and manages global client portfolios
• Michael Zaremsky directs US wealth management and oversees advisory and portfolio services

These key people at Valley National Bank make sure clients receive practical products and expert support. Their focus is on helping customers and communities thrive every day.

The future at Valley National Bank

Valley Bank opened a new branch at 2 Hanover Road in Florham Park in 2025 to better serve local communities. This new location offers full banking services and aims to build stronger relationships with clients in these locations:

• Florham Park
• Chatham
• Livingston
• Madison
• East Hanover

By investing in this branch, Valley National Bank is strengthening its community presence and supporting future growth for both the bank and its customers.

The company also started working with Infinant, a cloud-based banking platform provider, to expand its partner banking and embedded finance programs. This partnership gives Valley new technology to support fintech clients and deliver faster, more flexible payment solutions. The decision shows Valley’s focus on innovation and sets the stage for more advanced banking services in the years ahead.