Valley National Bancorp recently released its 10th annual sustainability report, “Making our Mark, Together.” The 2024 report combines the Morristown-based financial institution’s annual Corporate Social Responsibility Report and its biennial Environmental, Social, and Governance Report.
This year’s report highlights the bank’s commitment to helping shape a world that thrives on sustainable community development.
This report also serves as a tangible celebration of the incredible work of Valley Bank’s community partners it has developed working relationships. Over time, together Valley and its partners help support work that makes a meaningful difference for the communities it serves.
Last year, Valley invested more than $2.5 billion to support organizations and communities in New Jersey, New York, Florida, Alabama, California and Illinois. To view the full report click here.
Report highlights include:
- $782 million in community development loans to advance affordable housing and community services to low-to-moderate income (LMI) individuals, economic and community development, and revitalization and stabilization;
- $734 million in community development investments supporting LMI neighborhoods individuals and businesses;
- $478 million in multi-family and residential mortgage loans to support affordable housing in LMI areas and for LMI individuals;
- $306 million in loans to support small businesses and/or in underserved neighborhoods;
- $5.6+ million in total charitable giving last year to support non-profit organizations; and
- More than 16,300 volunteer hours to support community partners and programs in the regions Valley serves.
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Valley says it is committed to supporting community and economic development, as well as entrepreneurship, throughout the communities it serves, with a heightened focus on strengthening low-to-moderate income neighborhoods and individuals.
“As relationship bankers at Valley, collaboration with our community partners and other stakeholders creates positive impact and allows us to be responsive to the needs of the communities we collectively serve,” Bernadette Mueller, executive vice president and chief corporate social responsibility officer.
