Valley Bank Releases 2020 Corporate Social Responsibility Report

Highlights the response and commitment to communities during a tumultuous year

Valley National Bancorp, based in Wayne, the holding company of Valley National Bank, released Catalyst For Change, the bank’s 2020 Corporate Social Responsibility (CSR) report that highlights the bank’s commitment to help build stronger communities and to advance its mission of promoting social and economic justice. To view the full report, click here or visit www.valley.com/CSR2020.

Here are some highlights of our community support in 2020:

  • $ 3.6 million in total charitable donations
  • $ 575,000 allocated to 14 food banks and pantries across their geographic footprint
  • More than $ 2.5 million invested in COVID-19 related funds that support LMI organizations and businesses
  • ~ 13,000 businesses helped with Paycheck Protection Program loans totaling $ 2.3 billion in funding
  • Development of the CD Community Pledge resulting in over $ 2 million in support to 264 organizations across NY / NJ / FL / AL
  • 2,136 loans to small businesses in low to moderate income areas
  • Conducted a webinar program titled Journey to Homeownership to educate clients
  • Expanded Valley Women in Business Program
  • Hiring of a Chief Diversity Officer and launch of the Valley Associate Resource Group (ARG) program to foster an inclusive culture

“For Valley, 2020 has been a defining moment in our history, as we have lived up to our goal and demonstrated the positive impact that a bank can have on local communities,” said Bernadette Mueller, vice-president executive president and responsible CSR-CRA Oofficer. “Standing up for our communities and providing them with the support they need to thrive isn’t just our responsibility, it defines our purpose as an organization. The events of the past year; a global pandemic, economic turmoil, political divide, and social and racial injustice – have all challenged us to come together as a society and organization to address these issues. “

As local communities begin to recover from the effects of a global pandemic, Valley continues to expand its programs, community engagement opportunities and partnerships in 2021. Valley remains committed to its four CSR pillars which include promoting affordable housing, inspiration for innovation and entrepreneurship, economic stimulation and community development and living its commitment to impactful local leadership.

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