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Valley Bank Invested More than $3.4 Billion to Support Its Communities in 2022Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, released "Inspiring Change" - the Bank's 2022 Corporate Social Responsibility (CSR) Report that highlights its commitment to drive social, economic, and environmental success within the communities it serves. In 2022, Valley invested more than $3.4 Billion to support organizations and communities in New Jersey, New York, Florida, Alabama, California, and Illinois. To view the full report, click here or visit https://valley.com/2022-csr. Report highlights include:
"Valley has an unwavering dedication to foster positive change in our communities," said Bernadette Mueller, Executive Vice President and Chief CSR-CRA Officer. "Our mission is to give people and businesses the power to succeed and we are proud to achieve this through corporate giving, community service, and customized solutions for our communities." The Bank's commitment to DEI is showcased through its efforts to create an inclusive work environment that enhances its ability to innovate its practices and products, gain new insights, and apply this growth to its community work. Through the acquisition of Bank Leumi USA last year, Valley expanded its CSR efforts to Los Angeles, Palo Alto and Chicago. Additionally, in 2022, Valley received an Outstanding rating from the Office of the Comptroller of the Currency (OCC) for our Community Reinvestment Act (CRA) performance during 2019 - 2021 - it's second consecutive Outstanding rating.
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