Valley Bank Invests $1.6 Billion in Community Building Programs
Valley National Bancorp, the holding company for Valley National Bank, has released Success Starts With Our Communities, the bank’s 2018 Corporate Social Responsibility Report that underscores Valley’s belief that corporate social responsibility is fundamental to the bank’s culture and purpose. In 2018, Valley invested $1.6 billion to strengthen and support the communities the bank serves, including $459 million for Small Businesses, $374 million for Community Development Lending (CDL), and $187 million for Community Development Investments (CDI), along with over $580 million in Affordable Home Loans.
Valley focused its 2018 community giving around four key pillars:
- Promoting Affordable Homesand providing communities access to the tools they need to realize the dream of home ownership as well as affordable rental homes.
- Inspiring Innovation & Entrepreneurship by connecting individuals to the training and support they need to obtain meaningful employment and a path forward that will improve their financial lives.
- Stimulating Economic & Community Development through strong partnerships with nonprofit organizations that tackle issues fundamental to economic mobility to help fuel economic and community progress in low- and moderate-income communities.
- Living Commitment to Impactful, Local Leadership by understanding the needs of local communities and ensuring that Valley is being responsive, reliable and supportive.
“With more than 200 locations in New Jersey, New York, Florida and Alabama, Valley has a strong understanding of our local community’s specific and unique needs,” said Bernadette M. Mueller, EVP, Corporate Social Responsibility, Valley Bank. “We are committed to advancing a more diverse and inclusive society by expanding opportunities and supporting equitable financial solutions to give communities the power to grow and prosper.”