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 tradition that we embrace passionately. As a concerned corporate citizen we strive to act, lead and inspire in everything we do to make our communities a better place to live. In 2013, we continued to support civic and charitable causes throughout our market by contributing time, talent and financial resources. Whether it is providing credit for affordable housing projects or supporting local charities, we feel that it is our responsibility to give back to the neighborhoods that we serve.
Tina Cortes and Candace Infante present Trudy Medina of The Salvation Army with donated toys for the holidays.
Candace Infante organized the coats for The Salvation Army's Annual Coat Drive.
(Left to right) Suzanne Kreie, David Degatano, Joan Lyneis, Kathleen Bland, Richard Gerardi, Lisa Murray-Williams, Kerri Raymond and Jarrett Lynn hosted a "Giving Tree" with Coordinated Family Care.
(Left to right) Carmine Meluccio, Brenda Lapadat, Carlos Vargas, Matthew Abbate, Amelie Verma, James Geraghty, Susan Gardenier and Carmen Cedeno visited Tomorrow's Children at Hackensack Medical Center.
Valley National Bank recognized National Breast Cancer Awareness Month by raising more than $100,000 in support of breast cancer research.
Community Development Lending
In 2013, Valley made loans totaling $7 million to support affordable housing in Newark and Paterson and a loan totaling $2.5 million to revitalize and stabilize a low and moderate income area of Jersey City. Valley also made investments in communities by sponsoring events and organizations that addressed a wide range of community needs and participated in two Low-Income Housing Tax Credits totaling $6.6 million in Passaic and Newark.
We are proud to employ individuals who share our philosophy of serving the needs of the local community. Below are the highlights of our community service initiatives in 2013:
- Employees provided financial literacy education for kindergarten, elementary and high school students throughout the communities we serve.
- Valley frequently hosts identity theft prevention events at many branch locations throughout the year. These events allow local residents to shred their confidential documents free of charge while our staff provides insightful fraud prevention techniques to all who attend.
- For the 11th year in a row, Valley participated in The Salvation Army's Angel Giving Tree Program, an adoption program that allows sponsors to provide Christmas gifts to children in need. To help make this a special Holiday for needy children throughout northern New Jersey, Valley employees contributed over 450 new board games, dolls, action figures, puzzles, books, clothes and much more to The Salvation Army. The Bank also participated in The Salvation Army's Annual Coat Drive by donating over 150 coats to help those less fortunate in our area. The toys and coats were delivered to the The Salvation Army covering the Passaic/Essex region.
- Valley's Milltown branch partnered with Coordinated Family Care last holiday season to spread joy to less fortunate children by hosting a "Giving Tree." Customers and local residents were invited to stop in and select a tag from the tree and purchase the toy indicated on the tag for a child. Coordinated Family Care is a private, nonprofit Care Management Organization funded by the New Jersey Department of Children and Families. They provide guidance, options and assistance to Middlesex County families that care for youth who present with very high levels of behavioral and/or emotional needs.
- Branch Sales Mangers from Bergen County collected toys for the Tomorrows Children's Fund at the Hackensack Medical Center. The Tomorrows Children's Institute for Cancer and Blood Disorders, part of The Joseph M. Sanzari Children's Hospital at Hackensack University Medical Center, is an outstanding pediatric cancer and blood disorders program that combines all the elements of worldclass medicine, cutting-edge research, an expert and comforting staff, and compassionate care for children and adolescents. Since its establishment in 1987, the Tomorrows Children's Institute (TCI) for Cancer and Blood Disorders at Hackensack University Medical Center has grown to be New Jersey's premier pediatric center for the diagnosis and treatment of cancer and blood disorders, as well as providing for the psychosocial needs of our patients and their families.
Valley Goes Pink!
Our fifth annual breast cancer walk was held in Wayne, and over a thousand employees, family members and friends walked to help raise over $100,000 for the Cure Breast Cancer Foundation (CBCF).
The CBCF supports ground breaking research on the "Self Seeding Theory of Breast Cancer" under the leadership of Larry Norton, MD, Deputy Physician-in-Chief for Breast Cancer Programs at Memorial Sloan-Kettering Cancer Center and Medical Director of the Evelyn H. Lauder Breast Center. The research is taking place at Memorial Sloan-Kettering and other national and international facilities. Over the past five years, Valley has raised approximately $500,000 in support of this research.
The Cure Breast Cancer Foundation is a 501(c)3 non-profit foundation whose mission it is to raise funds to support research to find a cure for breast cancer. CBCF provides critical funding for innovative research under the leadership of Dr. Norton, a leading breast cancer researcher. CBCF donates 100% of its net fundraising proceeds to support this research.
About Valley National Bank
Valley National Bancorp is a regional bank holding company headquartered in Wayne, New Jersey with $16 billion in assets. Its principal subsidiary, Valley National Bank, currently operates 204 branches in 144 communities serving 16 counties throughout northern and central New Jersey, Manhattan, Brooklyn, Queens and Long Island. Valley National Bank is one of the largest commercial banks headquartered in New Jersey and is committed to providing the most convenient service, the latest in product innovations and an experienced and knowledgeable staff with a high priority on friendly customer service 24 hours a day, 7 days a week.