Valley Bank | Jotup

Valley Bank Closes $130 Million Asset-Based Revolving Credit for Access Capital

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수요일, 11월 15, 2023

Banking, Asset Management, Professional Services, Finance, National Heads-Up Poker Championship, National bank, Valley Bank, Information technology consulting, Growth, VLY, Access, Bank

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announces the closing of a $130 million senior revolving credit facility to Access Capital, Inc. a commercial lender to the staffing industry.

Key Points:

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announces the closing of a $130 million senior revolving credit facility to Access Capital, Inc. a commercial lender to the staffing industry.
Valley Specialty Finance offers a variety of products and services including working capital lines of credit, in-house trade finance, cash management, and syndications.
“As a leading independent lender to the staffing industry, Access Capital provides its clients with working capital so they can continue to grow their businesses,” said Douglas Meyer, First Senior Vice President, National Head of Specialty Finance, Valley Bank.
Access Capital provides working capital including revolving lines of credit for staffing companies for use as payroll funding & corporate purposes, in a wide range of industries including Temporary Staffing and Human Capital Management, IT Consulting, among others.

SouthState Welcomes New Team Members to Corporate Stewardship, Commercial and Wealth Divisions

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목요일, 11월 30, 2023

"Our Wealth, Commercial and Corporate Stewardship teams will benefit greatly from the addition of these team members.

Key Points:

"Our Wealth, Commercial and Corporate Stewardship teams will benefit greatly from the addition of these team members.
Drawing in such talent and expertise shows SouthState continues to be an employer of choice," says Richard Murray, SouthState president.
She looks to continue the progress SouthState has made with its stewardship efforts and work closely with corporate learning, human resources and community engagement teams.
Samuel gained additional experience during his career as a commercial portfolio manager and commercial credit specialist at BB&T, now Truist.

Refine Intelligence Launches with $13M Seed Funding to Transform Anti-Money Laundering by "Catching the Good Guys"

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화요일, 11월 14, 2023

Anomaly, Fraud, Fintech, Silicon Valley Bank, AML, AI, TEL, Valley Bank, Intelligence, Cryptocurrency, Sales

NEW YORK and TEL AVIV, Israel, Nov. 14, 2023 /PRNewswire/ -- Refine Intelligence, the pioneer in Financial Crime Greenflagging, launched today with a $13 million seed funding round led by Glilot Capital Partners and Fin Capital with participation from SYN Ventures, Valley Ventures (the corporate venture capital arm of Valley Bank), and other investors including Ground Up Ventures.

Key Points:

Founded by serial entrepreneurs in financial crime fighting and cybersecurity, Refine Intelligence will use the funding to accelerate expansion within North America, Europe and Latin America, and advance the development of its technology.
Using Refine Intelligence has enhanced our efficiency by streamlining the process of investigating and resolving AML alerts, and improving our customers' satisfaction."
We are excited about the market opportunities ahead of Refine Intelligence, and thrilled to join their mission to transform the financial fraud detection sector."
We're excited to join Refine Intelligence on its path to becoming a leader in crime-fighting fintech, transforming how banks combat money laundering and fraud."

Refine Intelligence Launches with $13M Seed Funding to Transform Anti-Money Laundering by "Catching the Good Guys"

Retrieved on:

화요일, 11월 14, 2023

Anomaly, Fraud, Fintech, Silicon Valley Bank, AML, AI, TEL, Valley Bank, Intelligence, Cryptocurrency, Sales

NEW YORK and TEL AVIV, Israel, Nov. 14, 2023 /PRNewswire/ -- Refine Intelligence, the pioneer in Financial Crime Greenflagging, launched today with a $13 million seed funding round led by Glilot Capital Partners and Fin Capital with participation from SYN Ventures, Valley Ventures (the corporate venture capital arm of Valley Bank), and other investors including Ground Up Ventures.

Key Points:

Founded by serial entrepreneurs in financial crime fighting and cybersecurity, Refine Intelligence will use the funding to accelerate expansion within North America, Europe and Latin America, and advance the development of its technology.
Using Refine Intelligence has enhanced our efficiency by streamlining the process of investigating and resolving AML alerts, and improving our customers' satisfaction."
We are excited about the market opportunities ahead of Refine Intelligence, and thrilled to join their mission to transform the financial fraud detection sector."
We're excited to join Refine Intelligence on its path to becoming a leader in crime-fighting fintech, transforming how banks combat money laundering and fraud."

Valley National Bank Partners with FusionIQ to Empower Customers with Digital Wealth Management Solutions

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수요일, 11월 8, 2023

Valley Bank, Digital, Trust, Business development, SOC, Partnership, Business, Online shopping

The Digital Advice platform, a white-label solution that enables Valley to further enhance its brand, offers a 100% digital wealth management experience for customers on both the web and mobile.

Key Points:

The Digital Advice platform, a white-label solution that enables Valley to further enhance its brand, offers a 100% digital wealth management experience for customers on both the web and mobile.
"We are excited to partner with Valley on their digital banking journey," said Mark Healy, Chief Executive Officer at FusionIQ.
"Our collaboration is rooted in a shared vision to empower Valley's customers with new opportunities for investment, enabling Valley customers to achieve their most important financial goals.
Valley's partnership with FusionIQ and the Digital Advice platform is designed to further enhance the company's digital wealth experience.

Valley National Bank Strengthens Syndications Capabilities with the Hire of Robert Danziger as Head of Syndications

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화요일, 11월 7, 2023

Valley National Bank , the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today it has hired Robert Danziger, a 30-year corporate finance veteran, as Managing Director, First Senior Vice President, and Head of the Bank’s Syndicated Finance business.

Key Points:

Valley National Bank , the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today it has hired Robert Danziger, a 30-year corporate finance veteran, as Managing Director, First Senior Vice President, and Head of the Bank’s Syndicated Finance business.
Based both in New York and at Valley’s headquarters in Morristown, NJ, Danziger’s responsibilities include augmenting the Bank’s existing capabilities with clients throughout Valley’s territories including New Jersey, New York, Florida, Illinois, and California.
Prior to joining Valley, Danziger served as a Senior Managing Director in Debt Capital Markets at MUFG Securities Americas Inc. His responsibilities included arrangement, structuring, origination, and distribution of Investment Grade Bond and Loan transactions within the U.S. and was head of Latin American Loan Syndications.
Danziger previously worked at Deutsche Bank Securities where he served as Head of Investment Grade Loan Capital Markets for the Americas as well as Citi/Salomon Smith Barney and Chemical Bank.

Valley National Bank Celebrates Opening of New Headquarters in Morristown, N.J.

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화요일, 10월 31, 2023

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), celebrated the opening of its new headquarters in Morristown, NJ.

Key Points:

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), celebrated the opening of its new headquarters in Morristown, NJ.
View the full release here: https://www.businesswire.com/news/home/20231031530511/en/
Valley National Bank recently celebrated the opening of its new headquarters in Morristown, NJ that was developed by SJP Properties in partnership with Scotto Properties and architecture firm Gensler.
(Photo Credit: Nina Wurtzel)
“Moving our headquarters to Morristown, a dynamic and evolving community, aligns well with the growth Valley has achieved from a small community bank to a regional bank, while maintaining our focus and commitment to being relationship-driven,” said Ira Robbins, Valley Bank CEO.
“In the few weeks we have been in Morristown, it already feels like home,” said Tom Iadanza, Valley Bank President.

Valley National Bancorp Announces Third Quarter 2023 Results

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목요일, 10월 26, 2023

NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2023 of $141.3 million, or $0.27 per diluted common share, as compared to the second quarter 2023 net income of $139.1 million, or $0.27 per diluted common share, and net income of $178.1 million, or $0.34 per diluted common share, for the third quarter 2022.

Key Points:

NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2023 of $141.3 million, or $0.27 per diluted common share, as compared to the second quarter 2023 net income of $139.1 million, or $0.27 per diluted common share, and net income of $178.1 million, or $0.34 per diluted common share, for the third quarter 2022.
For the third quarter 2023, the provision for credit losses for loans totaled $9.1 million as compared to $6.3 million and $1.8 million for the second quarter 2023 and third quarter 2022, respectively.
Credit Quality: Net loan charge-offs totaled $5.5 million for the third quarter 2023 as compared to $8.6 million for the second quarter 2023 and net recoveries of loan charge-offs of $5.6 million for the third quarter 2022.
Efficiency Ratio: Our efficiency ratio was 56.72 percent for the third quarter 2023 as compared to 55.59 percent and 49.76 percent for the second quarter 2023 and third quarter 2022, respectively.

Q2 Announces Winners of the 2023 Purposeful Banker Awards

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수요일, 10월 18, 2023

Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, announced today the winners of the 2023 Purposeful Banker Awards.

Key Points:

Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, announced today the winners of the 2023 Purposeful Banker Awards.
The Purposeful Banker Award winners were announced at Q2’s BankOnPurpose Conference in Austin, TX, an invitation-only event for bank and credit union leaders.
“Each year, we look forward to recognizing industry leaders dedicated to spearheading innovation and fulfilling their mission by impacting the communities they serve through the Purposeful Banker Awards,” said Dallas Wells, senior vice president of Product Management, Q2.
To learn more about the Purposeful Banker Awards and BankOnPurpose, please visit: www.bankonpurpose.com .

Valley National Bancorp to Announce Third Quarter 2023 Earnings

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화요일, 9월 19, 2023

VLY, Interest, PIN, Valley Bank, Cryptocurrency

NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its third quarter 2023 earnings before the market opens on Thursday, October 26, 2023.

Key Points:

NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its third quarter 2023 earnings before the market opens on Thursday, October 26, 2023.
Valley’s CEO, Ira Robbins will host a conference call on Thursday, October 26th at 11:00 AM (ET) to discuss Valley’s third quarter 2023 earnings.
Interested parties should pre-register using this link: https://register.vevent.com/register/BIf40a76467d444a718b4ce724551b6615 to receive the dial-in number and a personal PIN, which are required to access the conference call.
The teleconference will also be webcast live: https://edge.media-server.com/mmc/p/5wvq6zkf
and archived on Valley’s website through Monday, November 27, 2023.