Valley National Bank


615 Main Ave
Passaic, NJ 07055
See all branch locations →

Phone 800-522-4100

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 5.50% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.61% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Valley National Bank is an FDIC insured institution located in Passaic, NJ. It was founded in 1927 and has approximately $61.19 billion in assets. Customers can open an account at one of its 277 branches.

FDIC Insured Yes
FDIC Certificate # 9396
Date Established 1927
Assets $ 61.19 billion
Loans $ 49.69 billion
Deposits $ 50.07 billion
Capital $ 7.22 billion

For a more detailed analysis of Valley National Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - March 3, 2024

Your Current Location: Virginia, VA 20146

Online Only Savings Rates of Valley Direct, a division of Valley National Bank

Online Savings Rates APY MIN MAX
Online Savings Account
4.80% $5,000 - Learn More
Checking Rates APY MIN FEE
VNB® My Choice Checking 0.00% $0 $0.00 Learn MoreShow Less
VNB My Loyalty Checking 0.00% $750 $25.00 Learn MoreShow Less
VNB Interest Checking Plus 0.00% $1,000 $0.00 Learn MoreShow Less

Bank Online Offers

Valley Direct raises online savings rate to 0.70% APY
Mar 17, 2022

The rate had previously been 0.55%.

Valley Direct raises online savings rate to 4.50% APY
May 11, 2023

Valley Direct has raised its online savings rate from 4.20% to 4.50% APY today.

Valley had been very competitive as interest rates rose, and this last move comes surprisingly late, with the bank now trailing the last year's most consistent rate leaders (First Foundation Bank, Bask Bank, Ivy Bank and CIT).

Compare online savings rates here.  



Valley Direct lowers online savings rate to 5.05% APY
Jan 23, 2024

Valley Direct has lowered its online savings rate by 20 bps.


Loan Rates - March 3, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Valley National Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Learn More
NMLS ID: Not a Lender

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NMLS ID: Not a Lender

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Neighbors Bank
NMLS ID: 491986

Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Valley National Bank
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Valley National Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Valley National Bank Locations

Climate Initiatives

Valley National Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Valley National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Valley National Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Valley National Bank U.S. Bank Average
3.54% 4.13%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2023, Valley National Bank had $271,298,000 in non-current loans and $71,000 in owned real estate. To cover these potential losses it had $7,222,798,000 in equity and $442,175,000 in loans loss reserves. That gives it a Texas Ratio of 3.54%.

Return on Equity
Valley National Bank U.S. Bank Average
8.39% 26.02%

Valley National Bank has a Return on Equity of 8.39% versus the BestCashCow average of 26.02%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Valley National Bank U.S. Bank Average
11.8% 10.23%

Valley National Bank has a Capitalization of 11.8% versus the BestCashCow average of 10.23. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Valley National Bank Balance Sheet Analysis

As of September 30, 2023, Valley National Bank had assets of $61,185,861,000, loans of $49,689,178,000, and deposits of $50,068,829,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2023
Cash & Balances due from depository institutions $ 1,142.01 million
Interest-bearing balances $ 698.97 million
Total securities $ 5.02 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 49.69 billion
Loan loss allowance $ 442.18 million
Trading account assets $ 10.60 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.07 million
Goodwill and other intangibles $ 2.03 billion
All other assets $ 1,677.52 million
     Total Assets $ 53.96 billion
Total deposits $ 50.07 billion
      Interest-bearing deposits $ 38.21 billion
      Deposits held in domestic offices $ 50.07 billion
      % insured (estimated) 66.48%
Federal funds purchased and repurchase agreements $ 89.80 million
Trading liabilities $ 5.39 million
Other borrowed funds $ 2.17 billion
Subordinated debt N.A.
All other liabilities $ 956.66 million
      Total Liabilities $ 53.96 billion
      Shareholders’ Equity $ 7.22 billion

Summary Income Statement

September 30, 2023
Total Interest Income $ 2.32 billion
Total Interest Expense $ 1,013.75 million
Net interest income $ 1,306.96 million
Provision for loan and lease losses $ 29.60 million
Total non interest income $ 166.95 million
Total non interest expense $ 817.45 million
Pre-tax Net Operating Income $ 317.68 million

Bank Loan Profile?

The top three loan types in Valley National Bank’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and Commercial and Industrial Loans.

Compared to other banks in New Jersey, Valley National Bank has a significantly higher percent of Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 10.98
Credit Card Loans 0.03
Consumer Auto Loans 2.99
Small Business Loans 2.55
Construction and Development Loans 6.79
Commercial Real Estate 32.74
Commercial and Industrial Loans 14.28
Farm Loans 0.00

Customer Reviews for Valley National Bank

  • December 2, 2022 |

    No such limits as referred to by Jonathan. Perfectly Happy with service and keep adjusting the rate!

  • October 19, 2019

    CDs 12 Month Rates


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