The Shine’s on Valley Bank

Posted On 04/16/2021 by St. Pete Chamber Member

As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $41 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.

When COVID-19 ushered in lockdowns and shuttered small businesses, we rolled up our sleeves and worked day and night helping business owners acquire the funding they needed through the Federal Government’s Paycheck Protection Program (PPP). We allocated over 500 Valley associates to implement an innovative online application portal, while also ensuring we provided direct support for each applicant throughout the process. Through these efforts, we placed an increased emphasis on supporting women and minority-owned businesses that had been hit especially hard by the resulting economic volatility of this health crisis.

In total, we funded more than $2.3 billion in PPP loans to approximately 13,000 small businesses, helping retain almost 170,000 jobs in the communities we serve. In fact, S&P Global Market Intelligence recognized our efforts by naming Valley as one of the top 20 banks in the country in PPP loans funded.

Learn more about Chamber member, Valley Bank.