VALLEY NATIONAL BANCORP (NYSE:VLY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
(b) On July 24, 2018, Mary J. Steele Guilfoile, a member of the Board of Directors (“Board”) of Valley National Bancorp (the “Company”) since 2003, communicated to the Board that she was resigning from the Board. Ms. Guilfoile, who serves on other public company boards and was newly elected to another public company board, made her resignation immediately effective. Chairman Gerald Lipkin thanked her for her service. Ms. Guilfoile’s resignation was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
About VALLEY NATIONAL BANCORP (NYSE:VLY)
Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company’s segments include Consumer Lending; Commercial Lending; Investment Management, and Corporate and Other Adjustments. The consumer lending segment includes its residential mortgages, home equity loans and automobile loans. The commercial lending segment primarily includes floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. The investment management segment includes the Company’s investments in various types of securities, its federal funds sold and interest-bearing deposits with banks (primarily the Federal Reserve Bank of New York). The Bank has over 230 branches serving northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, and Florida.