Valley National Bancorp President Announces Retirement Plans

On December 11, 2024, Valley National Bancorp (NASDAQ: VLY) received notification from Thomas A. Iadanza regarding his decision to retire from his position as President of the Company and Valley National Bank. This retirement marks the culmination of a remarkable 13-year tenure with Valley and over 45 years of service within the banking industry.

Mr. Iadanza will continue in his role as President until his retirement takes effect on June 30, 2025. During this transitional period, he will collaborate with the Board of Directors and the executive leadership team to ensure a smooth handover of his duties and responsibilities. Valley National Bancorp expresses deep appreciation for Mr. Iadanza’s extensive service and valuable contributions to the Company and the broader banking sector.

The departure of Mr. Iadanza was disclosed in a Form 8-K filing with the Securities and Exchange Commission under Item 5.02, covering Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Additionally, Exhibit 99.1 of the filing included a press release from Valley National Bancorp dated December 11, 2024, formally announcing Mr. Iadanza’s retirement. The release highlighted his significant role in steering Valley’s growth strategies and the transformation of the bank into a leading regional financial institution.

Ira Robbins, Chairman and Chief Executive Officer of Valley, commended Mr. Iadanza’s leadership, mentorship, and substantial contributions over his tenure. Mr. Robbins emphasized Mr. Iadanza’s instrumental role in the successful development of Valley and praised his dedication to customers, employees, and stakeholders.

Valley National Bancorp, the parent company of Valley National Bank, also featured details in the filing about the Securities registered and the status of the company as an emerging growth entity.

Valley National Bank, with over $62 billion in assets, operates as a regional bank across New Jersey, New York, Florida, Alabama, California, and Illinois. The Bank is focused on empowering individuals and businesses towards achieving success, leveraging innovation and a dedicated team to provide exceptional service to customers.

For more information about Valley National Bank and its services, individuals are encouraged to visit www.valley.com or contact the Customer Care Center at 800-522-4100.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Valley National Bancorp’s 8K filing here.

Valley National Bancorp Company Profile

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.