Valley National Bank
Passaic, New Jersey, Passaic County
$66.2B in total assets, the 45th largest of 4,309 US banks and 1st of 50 headquartered in New Jersey.
- FDIC certificate
- 9396
- Established
- 1927
- Owned by
- Valley National Bcorp
- Primary regulator
- OCC
- Website
- www.valley.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $66.2B | 91% | $22.4B | |
| Loans | $52.5B | 95% | $14.4B | |
| Deposits | $54.3B | 91% | $18.0B | |
| Return on assets | 1.11% | 33% | 1.30% | |
| Net interest margin | 3.30% | 31% | 3.62% | |
| Efficiency ratio | 54.1% | 45% | 55.2% | |
| Equity to assets | 12.66% | 71% | 11.57% | |
| Loans to deposits | 97% | 82% | 87% |
Growth
Total assets grew 9.9% a year over the last 5 years and 11.8% a year over 10 years, including 4 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2022 | Bank Leumi USA New York, NY | $8.2B |
| Dec 2021 | The Westchester Bank Yonkers, NY | $1.3B |
| Dec 2019 | Oritani Bank Township Of Washington, NJ | $4.0B |
| Jan 2018 | USAmeriBank Clearwater, FL | $4.7B |
| Dec 2015 | CNLBank Orlando, FL | $1.3B |
| Nov 2014 | 1st United Bank Boca Raton, FL | $1.7B |
| Jan 2012 | State Bank of Long Island Jericho, NY | $1.6B |
| Mar 2010 | The Park Avenue Bank New York, NY | $520M |
| Mar 2010 | LibertyPointe Bank New York, NY | $216M |
| Jul 2008 | Greater Community Bank Totowa, NJ | $962M |
| Jun 2005 | NorCrown Bank Livingston, NJ | $619M |
| Mar 2005 | Shrewsbury State Bank Shrewsbury, NJ | $428M |
| Jan 2001 | The Merchants Bank of New York New York City, NY | $1.5B |
| Jun 1999 | The Ramapo Bank Wayne Township, NJ | $334M |
| Oct 1998 | Wayne Savings Bank, F.S.B. Wayne, NJ | $271M |
| Mar 1997 | The Midland Bank and Trust Company Paramus, NJ | $439M |
| Jun 1995 | Lakeland Savings Bank Succasunna, NJ | $676M |
| Feb 1995 | American Union Bank Union, NJ | $57M |
| Nov 1994 | RockBank Plainfield, NJ | $189M |
| Jun 1993 | Peoples Bank, National Association Belleville, NJ | $227M |
| Jan 1993 | Mayflower Savings Bank SLA Livingston, NJ, an affiliate under the same holding company | $141M |
| May 1992 | Powder Mill Bank Morris Plains, NJ | $50M |
| Oct 1991 | Yorkwood Federal Savings and Loan Association Maplewood, NJ | $129M |
| Sep 1991 | Nutley Savings Bank, SLA Nutley, NJ | $189M |
| Sep 1991 | First Jersey Savings, F.A. Wyckoff, NJ | $259M |
| Jun 1991 | North Jersey Federal Savings Association Passaic, NJ | $173M |
| Jun 1986 | The First National Bank and Trust Company of Kearny Kearny, NJ, an affiliate under the same holding company | $227M |
| Jan 1982 | Fair Lawn State Bank Fair Lawn, NJ | n/a |
| Dec 1981 | Liberty National Bank Hillsdale, NJ | n/a |
| Jun 1977 | Bankers National Bank Elmwood Park, NJ | n/a |
| Jun 1976 | Bank of Wayne, National Association Wayne Township, NJ | n/a |
Where they operate
228 branches in 43 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Passaic County, NJ | $15.6B | 57.3% | 1 of 19 |
| New York County, NY | $6.2B | 0.3% | 22 of 83 |
| Bergen County, NJ | $5.1B | 7.3% | 5 of 45 |
| Hillsborough County, FL | $2.6B | 5.8% | 6 of 51 |
| Essex County, NJ | $2.5B | 8.8% | 5 of 31 |
| Morris County, NJ | $2.2B | 7.8% | 6 of 28 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 1 branch since 2016 (229 to 228, −0.4%). 11 opened, 62 acquired, 74 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 229 | |||
| 2016 | Closed 17 in 3 states | 0 | 17 | −17 | 212 |
| 2017 | Sold 1 branch to Marine Bank & Trust CompanyClosed New York | 0 | 2 | −2 | 210 |
| 2018 | Acquired USAmeriBankOpened 3 in 2 states, closed 9 in 3 states | 32 | 9 | +23 | 233 |
| 2019 | Acquired Oritani BankOpened Birmingham and Pembroke Pines, closed 16 in 2 states | 23 | 16 | +7 | 240 |
| 2020 | Opened Sarasota and Winter GardenClosed 13 in 2 states | 2 | 13 | −11 | 229 |
| 2021 | Acquired The Westchester BankClosed Atlantic Highlands and Hackensack | 7 | 2 | +5 | 234 |
| 2022 | Acquired Bank Leumi USAOpened Jupiter, closed 7 in 3 states | 6 | 7 | −1 | 233 |
| 2023 | Closed Aventura and New York | 0 | 2 | −2 | 231 |
| 2024 | Opened Beverly HillsClosed 3 in 2 states | 1 | 3 | −2 | 229 |
| 2025 | Opened Staten IslandClosed Rye Brook | 1 | 1 | 0 | 229 |
| 2026 through Q2 | Opened MelbourneClosed Birmingham and Union City | 1 | 2 | −1 | 228 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 36% | 25% | |
| Multifamily | 17% | 8% | |
| Business (C&I) | 16% | 17% | |
| 1-4 family residential | 13% | 21% | |
| Consumer | 6% | 10% | |
| Construction and land | 5% | 6% | |
| Other | 7% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 53% | 62% | |
| Time deposits | 24% | 18% | |
| Noninterest-bearing | 24% | 20% |
Brokered deposits are 9.7% of deposits (peers 7.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.91% | 0.63% |
| Net charge-offs, annualized | 0.15% | 0.14% |
| Reserves to loans | 1.12% | 1.15% |
| Leverage ratio | 10.25% | 10.26% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New Jersey
Largest competitors in Passaic County, NJ
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/valley-national-bank-passaic-nj