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.”
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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.