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Valley National Bank, a subsidiary of Valley National Bancorp (NASDAQ: VLY), has launched the National Deposits Group to strengthen its core deposit banking services across the U.S. This group targets businesses needing short-term liquidity, collaborating with industries such as 1031 exchange firms and private equity. Led by Martin Ball, the team aims to enhance client experiences through advanced technology and tailored banking solutions. Valley National Bank, managing around $41 billion in assets, emphasizes its commitment to customer satisfaction and community growth.
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Launch of the National Deposits Group to bolster core deposit banking services.
Focus on specialized industries, enhancing service delivery.
Experienced team led by Martin Ball with a history of successful client relations.
Utilization of advanced technology for better cash management solutions.
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WAYNE, N.J.--(BUSINESS WIRE)--
Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY) has created the National Deposits Group to focus on core deposit banking relationships located within the continental United States and select foreign territories. The group partners with businesses to help them meet their short term liquidity needs.
The National Deposits Group specializes in sourcing deposits from several select industries including 1031 exchange firms, attorney banking, escrow servicing, family offices, hedge funds, investment banks, private equity firms, property managers, title companies, and venture capital firms.
The Group brings decades of experience working in the financial industry to Valley and has an accomplished history of creating memorable client experiences and building core deposit banking relationships in targeted industries. Martin Ball, Head of National Deposits, joined Valley from Bank OZK where he was Executive Vice President & Managing Director of Institutional Banking. Glenn Carballo is the Business Development Officer responsible for sourcing new relationships and partnerships and Gail Balmaceda and Christian Sanchez have joined Valley as Relationship Managers handling the day-to-day relationship management of clients and their treasury management needs.
“Through the National Deposits Group, Valley is creating and delivering innovative banking solutions for industries that require flexibility and best-in-class customer service,” said Tom Iadanza, Executive Vice President and Chief Banking Officer. “Our experienced team leverages state-of-the-art technology to businesses that require short-term liquid cash management.”
“This dedicated team has a successful track record servicing clients across a wide range of industries with specialized and sophisticated banking needs,” stated Ball. “We came to Valley to launch the National Deposits Group as its relationship banking philosophy aligns well with our commitment to strong client service.”
About Valley
As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $41 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations across New Jersey, New York, Florida and Alabama, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley’s corporate citizenship philosophy. To learn more about Valley, go to www.valley.com or call our Customer Care Center at 800-522-4100.
What is the National Deposits Group at Valley National Bank?
The National Deposits Group is a newly launched division focusing on core deposit banking relationships, particularly serving businesses with short-term liquidity needs.
Who leads the National Deposits Group at Valley National Bank?
The National Deposits Group is headed by Martin Ball, who has significant experience in the financial industry.
Which industries does Valley National Bank's National Deposits Group serve?
The group specializes in industries including 1031 exchange firms, attorney banking, hedge funds, and private equity.
What is the asset size of Valley National Bank?
Valley National Bank manages approximately $41 billion in assets.
How does Valley National Bank plan to enhance client service?
The bank aims to deliver innovative banking solutions and best-in-class customer service through the National Deposits Group.
