Valley Bank Brings Relationship Banking to Greater Philadelphia Region

Rhea-AI Summary

Valley National Bank is expanding its presence in the greater Philadelphia region, focusing on providing financial services to small and mid-sized businesses. With approximately $41 billion in assets, Valley emphasizes its expertise in Commercial and Industrial lending as well as Commercial Real Estate loans, offering tailored financing solutions. The bank's regional commercial lending team is led by Mark Biedermann, a seasoned professional with over 32 years of experience. The move aims to enhance personalized banking services and support local businesses in achieving their financial goals.

Positive

• Expansion into the Philadelphia region to serve small and mid-sized businesses.
• Experienced leadership with Mark Biedermann at the helm of commercial lending.
• Focus on personalized banking solutions tailored to client needs.

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• None.

Valley National Bank, a regional bank with approximately $41 billion in assets, is continuing its expansion into the greater Philadelphia region to provide financial services for growth-oriented small and mid-sized businesses. With a focus on Commercial and Industrial and Commercial Real Estate lending, Valley offers a range of solutions including revolving lines of credit, term loans and mortgages.

Leading Valley’s commercial and industrial lending team in the region is Mark Biedermann, Senior Vice President, Division Head who recently joined the bank. With more than 32 years of commercial banking experience, Biedermann has held several executive and senior management positions at local banks in the Philadelphia region.

“For over 90 years, Valley has helped businesses achieve their financial goals through a relationship-based approach to banking and we see an opportunity to bring personalized service to the Philadelphia region,” commented Biedermann. “Through our customized, high-touch approach, we work side-by-side with businesses to understand the challenges they face and create tailored financing solutions that meet their needs rather than a one-size fits all approach. We not only support our business clients but become active partners in the local community and are looking forward to building our team to bring our client-centric, relationship banking philosophy to this region.”

Joining Biedermann is Mwaura Muroki, Senior Vice President, Commercial Banker. A 20-year veteran of Valley, he specializes in business lending with expertise in debt financing, relationship management, and risk assessments.

Valley’s commercial real estate activities in the region will continue to be spearheaded by Stephen King, Senior Vice President.

Mark Biedermann can be reached at MBiedermann@Valley.com; Mwaura Muroki can be reached at MMuroki@Valley.com; and Stephen King can be reached at SKing@Valley.com.

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 Service Center at 800-522-4100.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005653/en/