Valley National Bank

615 Main Avenue
Passaic, NJ 07055

Phone: 800-522-4100

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9396
Date Established 1927
Assets $33.00 billion
Loans $25.68 billion
Deposits $24.87 billion
Capital $3.68 billion

Valley National Bank is an FDIC insured institution located in Passaic, NJ. It was founded in 1927 and has approximately $33 billion in assets. Customers can open an account at one of its 277 branches.

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 - October 20, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1 $4,999 Learn MoreShow Less
Money Market
0.25% $5,000 $24,999 Learn MoreShow Less
Money Market
0.35% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
Special: 6 Mo CD
1.85% $500 - Learn MoreShow Less
1.85% $500 $99,999 Learn MoreShow Less
6 Mo CD
1.95% $100,000 - Learn MoreShow Less
1.75% $500 $500,000 Learn MoreShow Less
Special: 18 Mo CD
2.35% $500 - Learn MoreShow Less
2.10% $500 $500,000 Learn MoreShow Less
24 Mo CD
1.50% $500 $500,000 Learn MoreShow Less
1.50% $500 $500,000 Learn MoreShow Less
1.50% $500 $500,000 Learn MoreShow Less
1.50% $500 $500,000 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.75% $250 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.74% $250 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $1,000 - Learn MoreShow Less
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

Loan Rates - October 20, 2019

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.408% 3.375% 0.38 $1,020 $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to Valley National Bank
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Branches

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.

Your Location:
Fairfield,Connecticut


Valley National Bank Locations


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 BestCashCow.com 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
4.39% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, Valley National Bank had $160,878,000 in non-current loans and $7,161,000 in owned real estate. To cover these potential losses it had $3,675,262,000 in equity and $155,105,000 in loans loss reserves. That gives it a Texas Ratio of 4.39%.

Return on Equity
Valley National Bank U.S. Bank Average
11.67% 9.50%

Valley National Bank has a Return on Equity of 11.67% versus the BestCashCow average of 9.50%. 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.

Capitalization
Valley National Bank U.S. Bank Average
11.14% 12.76%

Valley National Bank has a Capitalization of 11.14% versus the BestCashCow average of 12.76. 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 June 30, 2019, Valley National Bank had assets of $32,999,351,000, loans of $25,683,698,000, and deposits of $24,871,435,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.46 billion
Interest-bearing balances $0.18 billion
Total securities $3.85 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $25.68 billion
Loan loss allowance $0.16 billion
Trading account assets $0.14 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $1.15 billion
All other assets $1.12 billion
     Total Assets $29.32 billion
LIABILITIES
Total deposits $24.87 billion
      Interest-bearing deposits $18.45 billion
      Deposits held in domestic offices $24.87 billion
      % insured (estimated) 67.55%
Federal funds purchased and repurchase agreements $0.35 billion
Trading liabilities $0.04 billion
Other borrowed funds $3.85 billion
Subordinated debt $0.10 billion
All other liabilities $0.11 billion
      Total Liabilities $29.32 billion
      Shareholders’ Equity $3.68 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.65 billion
Total Interest Expense $0.20 billion
Net interest income $0.44 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.14 billion
Total non interest expense $0.28 billion
Pre-tax Net Operating Income $0.29 billion

Bank Loan Profile?

The top three loan types in Valley National Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in New Jersey, Valley National Bank has a significantly higher percent of Consumer Auto Loans, Commercial and Industrial 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 17.95
Multifamily
Mortgages
14.99
Credit Card Loans 0.02
Consumer Auto Loans 4.82
Small Business Loans 4.05
Construction and Development Loans 5.95
Commercial Real Estate 34.82
Commercial and Industrial Loans 16.21
Farm Loans 0.00

Frequently Asked Questions About Valley National Bank

Branches and Savings

Is Valley National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9396.

Why does Valley National Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Valley National Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Valley National Bank a commercial bank?

Yes

Where are Valley National Bank locations?

See branch locations nearby.

Is Valley National Bank open on Saturdays?

Is Valley National Bank open on Sundays?

What time does Valley National Bank open?

What time does Valley National Bank close?

Are Valley National Bank ATMs Open 24/7?

Do Valley National Bank ATMs accept cash deposits?

Can Valley National Bank customers use other ATMs?

Do Valley National Bank branches have notaries?

Will Valley National Bank notarize my document?

What address for Valley National Bank should I put for incoming ACH transfers?

Will the Valley National Bank branch print checks?

Do Valley National Bank checks expire?

Does Valley National Bank require US citizenship to open account?

Can Valley National Bank close my account?

Does Valley National Bank Report to credit bureaus?

Does Valley National Bank Use Equifax?

What is Valley National Bank's ACH Routing Number?

What is Valley National Bank's SWIFT code?

Products

Does Valley National Bank offer mortgages?

Compare mortgage rates here.

Does Valley National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Valley National Bank offer personal loans?

Compare personal loan rates here.

Does Valley National Bank offer student loans?

Will Valley National Bank cash a check?

Will Valley National Bank redeem a savings bond?

Does Valley National Bank cash savings bonds?

Will Valley National Bank cash money orders?

Can Valley National Bank issue a money order?

Does Valley National Bank do currency exchange?

Background on The Bank

Who owns Valley National Bank?

How long has Valley National Bank been around?

Can Valley National Bank transfer to other banks?

Does Valley National Bank have quick pay?

Does Valley National Bank accept rolled coins?

Will Valley National Bank accept loose change?

Where is Valley National Bank headquarters?

Customer Reviews for Valley National Bank


  • October 19, 2019

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