Helping our communities grow and prosper is the heart of our corporate citizenship philosophy.
At Valley National Bank, serving the needs of the local community is a fundamental concept that we embrace passionately. In 2012, we continued to serve the diverse needs of our communities by contributing time, talent and charitable donations. Whether it is providing credit for affordable housing projects or supporting local charitable causes, we feel that it is our civic responsibility to give back to the individuals, families, businesses and communities Valley serves.
Community Development LendingIn 2012, Valley provided nearly $100 million to small businesses and low and moderate-income residents of New Jersey including:
- More than $500,000 for small business loans related to Hurricane Sandy in New Jersey.
- Over $3 million invested in low income housing in Passaic.
- $8 million invested in economic development in Elizabeth.
Community CommitmentWe are proud to employ individuals who share our philosophy of serving the needs of the local community. Below are some highlights of how Valley employees support the neighborhoods we serve:
- Employees provided financial literacy education for kindergarten, elementary school and high school students in the 11 counties in which Valley operates.
- Valley frequently hosts identity theft prevention events for senior citizens and at many branch locations throughout the year. These events allow local residents to shred their confidential documents free of charge and our staff provides insightful fraud prevention techniques to all who attend.
- Employees donated over 400 used coats and 100 new toys for the Salvation Army’s annual holiday "Toys for Tots" event and coat drive.
- Valley sponsored a toy drive for the Star of Hope Ministries which uses the generous donations to address poverty in the greater Paterson area.
- Branch Sales Managers from the Bergen County District collected toys for the Tomorrows Children’s Fund at the Hackensack Medical Center.
Support in a time of needOur area was devastated by Hurricane Sandy and many of our customers, friends and neighbors suffered severe damages at the hands of the worst storm in memory. As a bank with long-standing roots in the communities we serve, we felt it was our obligation to provide assistance and care to those who need it most. In the aftermath of Sandy, Valley employees provided the help our communities needed to get back on their feet. Some of these stories are listed below:
- In response to the effects of Hurricane Sandy, the Bank offered the Valley Family Assistance Loan to Valley’s current loan customers who had an immediate need for cash to cover emergency needs. Valley provided fast loan decisions and expedited availability of loan proceeds.
- Following the storm, branches that remained operational offered hot coffee, snacks, electricity to power up devices and the warmth of the branch to any local citizens needing assistance.
- Many branch employees visited their local customers to process transactions manually and make sure all of their banking needs were fulfilled despite widespread power outages.
- Valley National Bank employees and local residents donated toys and new clothing to the Guardians of the Ribbon, a Wayne-based charity organization that is dedicated to helping the victims of Hurricane Sandy. All of the contributions were distributed to residents of Toms River, Lavallette, Seaside, and Ortley Beach.
- Many branches served as a depository for local food and clothing drives.
- Union City Branch Sales Manager Edna Rios, a resident of Hoboken, volunteered with the National Guard to separate donation items, prepare and deliver care packages and check on the elderly to make sure they had the proper medications they needed.
- North Haledon II Branch Sales Manager Nicole Guerriero filled up the back of her truck with clothes, soups, pasta, diapers and paper towels donated by customers and drove down to Toms River to deliver the donations.
- In a joint effort, the Bergen and Bergen Central District collected diapers and cleaning supplies for the residents of Little Ferry and Moonachie.
Valley Goes Pink!Valley held its fourth annual breast cancer walk titled "Valley Goes Pink!" in October and raised over $90,000 for research. Over a thousand employees, family members and friends gathered in Wayne, New Jersey, to walk and raise money for the Cure Breast Cancer Foundation (CBCF).
The CBCF supports the Research Department at the Memorial Sloan-Kettering Cancer Center under the direction of Larry Norton, M.D., Deputy Physician-in-Chief for breast Cancer Programs and the Medical Director of the Evelyn H. Lauder Breast Center. Over the past four years, Valley has raised over $400,000 for Dr. Norton’s research.
"Breast cancer is a terrible disease that has affected far too many of our loved ones," remarked Valley National Bank Chairman, President and CEO Gerald H. Lipkin. "I’m proud to see our employees, friends and family come together to raise awareness and funds toward finding a cure."