Who Owns Valley National Bancorp Company?

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Who Owns Valley National Bancorp?

Understanding Valley National Bancorp's ownership is key to grasping its strategic path and influence. Founded in 1927 as Passaic Park Trust Company, it has grown significantly.

As a regional bank holding company, it boasts approximately $62 billion in assets as of July 2025, serving customers across multiple states with over 230 locations.

Who owns Valley National Bancorp?

Valley National Bancorp's origins trace back to 1927 when it was established as the Passaic Park Trust Company in Passaic, New Jersey. While precise details on all initial founders and their equity stakes are not widely publicized, the bank's early focus was on serving the local community within the Passaic River valley region. Samuel F. Riskin emerged as a significant early leader, becoming president in 1953 and overseeing substantial asset growth.

Community Focus

The bank's initial operations were deeply rooted in the Passaic River valley area. This local emphasis shaped its early growth and investor base.

Leadership Under Riskin

Under Samuel F. Riskin's presidency, the bank experienced significant expansion. Assets grew from $40 million to $3 billion by his retirement in 1989.

Evolution of Identity

Multiple name changes reflected the bank's expanding reach and strategic mergers. The adoption of the Valley National Bank name in 1976 signified broader geographic coverage.

Holding Company Structure

The formal establishment of Valley National Bancorp in 1983 marked a shift towards a holding company structure, separating the banking operations from the corporate entity.

Early Investor Profile

The initial ownership of the bank was likely concentrated among individuals with strong ties to the local community. This is typical for financial institutions established during that period.

Merger Impact

Acquisitions, such as the Bank of Allwood in 1956 and the Bank of Wayne in 1976, were pivotal in shaping the bank's growth and its eventual name change.

The early ownership of Valley National Bancorp, then operating as Valley National Bank, was characteristic of community-focused financial institutions of its time. It is highly probable that ownership was primarily held by local individuals and prominent community members who invested in the bank's growth and stability. This foundational ownership structure would have been crucial in establishing the bank's presence and fostering trust within its operating regions. Understanding this early phase is key to appreciating the Competitors Landscape of Valley National Bancorp and its subsequent development into a publicly traded entity.

Founding Principles and Growth

Valley National Bank began as the Passaic Park Trust Company in 1927, emphasizing local community banking. Its early leadership, notably Samuel F. Riskin, guided significant asset expansion.

• Founded in 1927 as Passaic Park Trust Company.
• Samuel F. Riskin served as president from 1953.
• Assets grew from $40 million to $3 billion under Riskin's leadership.
• Name changes reflected geographic expansion and mergers.
• Valley National Bancorp formed in 1983 as the holding company.

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Valley National Bancorp's journey to its current ownership structure began with its initial public offering (IPO) on December 1, 1993, under the NASDAQ ticker VLY. This transition from a private entity to a publicly traded company significantly broadened its shareholder base and set the stage for future growth and strategic acquisitions that would further shape its ownership landscape.

The ownership of Valley National Bancorp is predominantly held by institutional investors, reflecting a significant presence of professional asset management. These large holdings are managed on behalf of diverse client bases, indicating a broad reliance on the company's performance by major financial entities. The company's asset growth, reaching approximately $62 billion as of July 2025, has been fueled by a series of strategic acquisitions, including Merchants Bank in 2000, State Bancorp, Inc. in 2012, 1st United Bancorp in 2014, CNLBancshares in 2015, USAmeriBancorp in 2018, and most notably, Bank Leumi USA in 2022 for $1.2 billion. These transactions have not only expanded the company's market reach but also influenced its shareholder composition through stock-based considerations.

Key Stakeholders in Valley National Bancorp

Understanding who owns Valley National Bancorp provides insight into its strategic direction and stability. The majority of shares are held by institutional investors, with a notable stake from a significant individual shareholder.

• Institutional investors collectively own approximately 71.97% of Valley National Bancorp shares as of April 2025.
• Prominent institutional shareholders include BlackRock, Inc. and Vanguard Group Inc, indicating broad market confidence.
• Leumi Le Israel Bm Bank is the largest individual shareholder, holding 13.00% of the company's stock.
• Insider ownership represents a smaller but direct alignment of interests between management and the company's performance.
• The company's strategic acquisitions, such as the 2022 purchase of Bank Leumi USA, have played a role in shaping its ownership structure. For more on the company's guiding principles, you can read about the Mission, Vision & Core Values of Valley National Bancorp.

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The Board of Directors at Valley National Bancorp is instrumental in guiding the company's strategic path and ensuring accountability to its shareholders. Ira Robbins currently holds the positions of Chairman and CEO, consolidating leadership. As of March 2025, key executives include Travis Lan, Senior Executive Vice President and Chief Financial Officer, and Gino Martocci, Senior Executive Vice President and President of Commercial Banking. Nitzan Sandor joined the Board in December 2024, enhancing the company's governance framework.

Valley National Bancorp, as a publicly traded entity on NASDAQ, adheres to a standard one-share-one-vote principle for its common stock. This structure means that voting power is directly tied to the number of shares held, giving significant influence to institutional investors. While the company has a history of declaring regular quarterly dividends, including a common stock dividend of $0.11 per share payable on October 1, 2025, this does not confer special voting rights on preferred shares. The company's structure does not feature dual-class shares or other arrangements that would grant disproportionate control to specific individuals or entities beyond their equity holdings. Recent adjustments to executive severance plans, effective January 1, 2025, exclude the CEO and aim to standardize agreements, reflecting ongoing governance refinements. Understanding the Marketing Strategy of Valley National Bancorp can provide further context on how the company engages with its stakeholders and manages its operations.

Understanding Voting Power at Valley National Bancorp

Voting power at Valley National Bancorp is primarily determined by share ownership. The company operates under a standard one-share-one-vote system.

• Voting power is proportional to the number of common shares held.
• Institutional investors typically hold significant voting influence.
• No dual-class share structures are in place.
• Shareholders can influence company decisions through their votes.

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Valley National Bancorp has seen significant shifts in its ownership and leadership over the past few years. The acquisition of Bank Leumi USA in 2022 introduced Bank Leumi Le-Israel B.M. as a major shareholder, holding 13.00% as of August 2025. These changes are part of a broader strategy to enhance the company's market position and operational efficiency.

Leadership transitions have also been a key feature, with Michael Hagedorn stepping down as CFO in November 2024, followed by Travis Lan's appointment to the role in March 2025. Thomas A. Iadanza, President, announced his retirement effective June 30, 2025, and Joseph V. Chillura departed as President of Commercial Banking on the same date, with Gino Martocci succeeding him in March 2025. These moves underscore the company's focus on strategic leadership alignment.

Ownership Structure Trends

Institutional ownership remains strong at 71.97% as of April 2025. Insider ownership saw a minor uptick to 0.77% by April 2025, while mutual fund holdings slightly decreased to 66.14% in the same period.

Financial Performance Indicators

Total deposits grew 2% to $50.1 billion by the end of 2024. Tangible book value per share increased by nearly 4% year-over-year in 2024.

Shareholder Actions

The company conducted a common stock offering in November 2024, raising approximately $448.9 million. Additionally, a preferred stock offering in July 2024 secured $150 million for general corporate purposes and capital enhancement.

Upcoming Events

Valley National Bancorp is scheduled to release its second quarter 2025 earnings on July 24, 2025. A common stock dividend payment is planned for October 1, 2025.

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