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1 star rating based on 3 reviews.

Valley National Bank

Valley National Bank Locations
1445 Valley Road
Waynen, NJ 07470
1-800-522-4100
www.valleynationalbank.com



Valley National Bank places a high priority on customer service and provides a wide array of consumer, commercial, asset management and trust services in a personable, friendly and approachable manner. Valley's comprehensive delivery channels enable customers to bank in person, by telephone or on-line.

For more than 81 years, Valley's management team and employees have been listening to customers and learning about their individual needs and financial goals. They are committed to providing the most convenient service, the latest product innovations and the courtesy of an experienced and knowledgeable staff.

Related Posts

Special 5-Year & 30-Month CD Rates at Valley National Bank in NY - Local Only - 5/11/2012

A reader just informed me of these CD specials at Valley National Bank . The rates are very competitive, but there's a catch. The two specials are a 2.30% APY 5-year CD and a 1.60% APY 30-month CD. Mi ...

Valley National Bank $150 Checking Account Promotion - NY & NJ Only - 8/8/2011

Valley National Bank has a new checking account promotion in which you can earn up to $150. It's listed in Valley National Bank's checking account page as of 8/8/2011. To receive the first $75, a new ...

$100 For Opening Valley National Bank (NJ) Rewards Perfect Checking Account (Forum) - 7/19/2011

As the web site says: Valley Rewards® Perfect Checking account is a full service checking solution that offers you a variety of extra services designed to fit your lifestyle...perfectly! For a limited time only - open a Valley Rewards® Perfect C

Competitive Long-Term CD Rates at Valley National Bank in NJ & NY - 3/14/2011

Valley National Bank has some competitive rates on its long-term CDs. The best ones include a 3.00% APY for a 6-year CD, a 2.75% APY for a 5-year CD and a 2.00% APY for a 3-year CD. Minimum deposit is ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Valley National Bank Checking Account Rates

ApyMinMaxProduct
0.05%--NOW Accounts

Valley National Bank Savings Account Rates

ApyMinMaxProduct
0.15%--Kids First Savings Club Account
0.10%$1k-Golden Passbook Savings
0.10%$1k-Regular Passbook Savings
0.10%$1k-Golden Statement Savings
0.10%$1k-Regular Statement Savings

Valley National Bank Money Market Rates

ApyMinMaxProduct
1.15%$5m-Prime Advantage MMA
0.50%$100k-Tiered Money Market IRA
0.50%$100k-Tiered Money Market Roth IRA
0.50%$100k-Tiered Money Market Educational IRA
0.05%--Money Market Checking
0.05%$1k-Money Market

Valley National Bank CD Rates

ApyMinMaxProduct
2.30%$5k$100k60 Month Promoitional CD
1.60%$5k$100k30 Month Promoitional CD
1.25%$500$500k72 Month High Yield Multiple Maturity CD
1.25%$500$500k72 Month High Yield Passbook CD
1.25%$500$500kBusiness 72 Month High Yield Multiple Maturity CD
1.25%$500$500kBusiness 72 Month High Yield Passbook CD
1.00%$500$500k72 Month Multiple Maturity CD
1.00%$500$500k72 Month Passbook CD
1.00%$500$500kBusiness 72 Month Multiple Maturity CD
1.00%$500$500kBusiness 72 Month Passbook CD
1.00%$500$500k60 Month High Yield Multiple Maturity CD
1.00%$500$500k60 Month High Yield Passbook CD
1.00%$500$500kBusiness 60 Month High Yield Multiple Maturity CD
1.00%$500$500kBusiness 60 Month High Yield Passbook CD
0.90%$500$500k60 Month Multiple Maturity CD
0.90%$500$500k60 Month Passbook CD
0.90%$500$500kBusiness 60 Month Multiple Maturity CD
0.90%$500$500kBusiness 60 Month Passbook CD
0.80%$500$500k48 Month Multiple Maturity CD
0.80%$500$500k48 Month Passbook CD
0.80%$500$500kBusiness 48 Month Multiple Maturity CD
0.80%$500$500kBusiness 48 Month Passbook CD
0.75%$500$500k36 Month Multiple Maturity CD
0.75%$500$500k36 Month Passbook CD
0.75%$500$500kBusiness 36 Month Multiple Maturity CD
0.75%$500$500kBusiness 36 Month Passbook CD
0.65%$500$500k30 Months Multiple Maturity CD
0.65%$500$500k30 Months Passbook CD
0.65%$500$500kBusiness 30 Months Multiple Maturity CD
0.65%$500$500kBusiness 30 Months Passbook CD
0.50%$500$500k24 Month Multiple Maturity CD
0.50%$500$500k24 Month Passbook CD
0.50%$500$500kBusiness 24 Month Multiple Maturity CD
0.50%$500$500kBusiness 24 Month Passbook CD
0.45%$500$500k18 Months Multiple Maturity CD
0.45%$500$500k18 Months Passbook CD
0.45%$500$500kBusiness 18 Months Multiple Maturity CD
0.45%$500$500kBusiness 18 Months Passbook CD
0.35%$500$500k12 Month Multiple Maturity CD
0.35%$500$500k12 Month Passbook CD
0.35%$500$500kBusiness 12 Month Multiple Maturity CD
0.35%$500$500kBusiness 12 Month Passbook CD
0.25%$500$500k9 Months Multiple Maturity CD
0.25%$500$500k9 Months Passbook CD
0.25%$500$500kBusiness 9 Months Multiple Maturity CD
0.25%$500$500kBusiness 9 Months Passbook CD
0.20%$500$500k6 Months Multiple Maturity CD
0.20%$100k-6 Months Single Maturity CD
0.20%$500$500k6 Months Passbook CD
0.20%$500$500kBusiness 6 Months Multiple Maturity CD
0.20%$500$500kBusiness 6 Months Passbook CD
0.20%$100k-Business 6 Months Single Maturity CD
0.20%$100k-6 Months Multiple Maturity CD
0.20%$100k-Business 6 Months Multiple Maturity CD
0.15%$100k-3 Months Single Maturity CD
0.15%$100k-Business 3 Months Single Maturity CD
0.15%$100k-3 Months Multiple Maturity CD
0.15%$100k-Business 3 Months Multiple Maturity CD
0.10%$500$500k91 Days Multiple Maturity CD
0.10%$100k-2 Months Single Maturity CD
0.10%$500$500k91 Days Passbook CD
0.10%$100k-Business 2 Months Single Maturity CD
0.10%$500$500kBusiness 91 Days Multiple Maturity CD
0.10%$500$500kBusiness 91 Days Passbook CD
0.10%$100k-2 Months Multiple Maturity CD
0.10%$100k-Business 2 Months Multiple Maturity CD
0.05%$100k-7 Days Single Maturity CD
0.05%$100k-14 Days Single Maturity CD
0.05%$100k-Business 7 Days Single Maturity CD
0.05%$100k-Business 14 Days Single Maturity CD
0.05%$100k-7 Days Multiple Maturity CD
0.05%$100k-Business 7 Days Multiple Maturity CD
0.05%$100k-14 Days Multiple Maturity CD
0.05%$100k-Business 14 Days Multiple Maturity CD

Valley National Bank IRA Rates

ApyMinMaxProduct
1.50%$250-6 Year IRA
1.50%$250-5 Year IRA
1.50%$250-5 Year Roth IRA
1.50%$250-5 Year Educational IRA
1.50%$250-6 Year Roth IRA
1.50%$250-6 Year Educational IRA
0.80%$250-4 Year IRA
0.80%$250-4 Year Roth IRA
0.80%$250-4 Year Educational IRA
0.75%$250-3 Year IRA
0.75%$250-3 Year Roth IRA
0.75%$250-3 Year Educational IRA
0.65%$250-30 Month IRA
0.65%$250-30 Month Roth IRA
0.65%$250-30 Month Educational IRA
0.50%$250-2 Year IRA
0.50%$250-2 Year Roth IRA
0.50%$250-2 Year Educational IRA
0.35%$250-18 Month IRA
0.35%$250-18 Month Roth IRA
0.35%$250-18 Month Educational IRA
0.20%$250-1 Year IRA
0.20%$250-6 Month IRA
0.20%$250-6 Month Roth IRA
0.20%$250-6 Month Educational IRA
0.20%$250-1 Year Roth IRA
0.20%$250-1 Year Educational IRA
0.05%$250-18 Month FLOATING IRA
0.05%$250-18 Month FLOATING Roth IRA
0.05%$250-18 Month FLOATING Educational IRA

Rates updated: 5/27/2012

Data for Q1 2012


Institution Statistics


Valley National Bank
FDIC Certificate #9396
BankRate ReportView
Year Established1927
Employees2941
Primary RegulatorOCC

Assets and Liabilities

Assets$15.93 billion
Loans$11.03 billion
Deposits$11.05 billion
Equity Capital$1.61 billion
Loan Loss Allowance$132.87 million
Unbacked Noncurrent Loans$157.26 million
Real Estate Owned$14.12 million

Historic Data - March 2011

Assets$14.34 billion
Equity Capital$1.42 billion
Loan Loss Allowance$139.85 million
Unbacked Noncurrent Loans$122.16 million
Real Estate Owned$10.91 million

Profit Margin - Quarterly

Net Interest Margin4.02%
Return on Assets1.01%
Return on Equity10.14%
Interest Income$174.12 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Valley National Bank had $171.38 million in non-current loans and owned real-estate with $1.74 billion in equity and loan loss allowances on hand to cover it. This gives Valley National Bank a Texas Ratio of 9.83% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Valley National Bank held steady from 8.61% as of March 31, 2011 to 9.83% as of March 31, 2012, resulting in a negative change of 14.27%. This indicates that the balance sheet and financial strength for Valley National Bank has held steady in recent periods.
Deposit Growth5
In the past year, Valley National Bank has increased its total deposits by $1.24 billion, resulting in 12.69% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Valley National Bank has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Valley National Bank has $15.93 billion in assets with $1.74 billion in equity, resulting in a capitalization level of 10.94%, which is above average.
Write Review

Horrible Bank - Stay Away
1 stars - menio67 - Sunday, September 18, 2011 - 2:51 PM

Last year I opened up an account with Valley National in Landing, NJ.  I had been with TD Bank/Commerce Bank for years prior, but moved to Blairstown last year and wanted a bank close by my work and new home, since there were no local branches of TD Bank nearby.  Well, I could not believe the horrible service I would get from Valley National!  They were not honest about the funds availability schedule when I opened my account, and held on to my money for an excessive amount of time, even though the checks had already cleared.  When I complained to the branch, they were not even apologetic that it was not made clear to me when opening the account, and were visibly annoyed that I had the nerve to complain.  They assured me that if I had funds deposited via cash or direct deposit, the money would not be held unavailable like that.  So, I had my child support direct deposited into their bank.  Well, guess what?  They lied again!  A deposit that was made on 9/8 from child support via direct deposit still has HALF of the funds not available!  That is totally unacceptable!  I NEVER had any issues with funds availability with TD Banik or any other bank I have ever dealt with in my life.  I guess customer service is not a priority in this area--I can't believe that such an awful bank can even stay in business.  Then again, when I pass the Fredon branch or the Blairstown branch, I rarely ever see cars in the parking lot.  Maybe that says something.  Anyway...I plan to have my money direct deposited elsewhere...there HAS to be a better local bank than Valley National.  I've heard First Hope Bank is good, I may try them and see.  I can't imagine the service can be any worse than what I've gotten with Valley National.

6

The Worst Bank-I Cant Fathom How They Got This Big
1 stars - weezer - Thursday, January 12, 2012 - 12:35 PM

This bank is the worst

Online banking is not real time- It isnt even accurate

They have no one at the branch who can ever correct a problem

The Bank hold deposits for unexplainable amounts of time

They dont even have withdrawl slips for checking

If you ever dealt with TD-Wells Fargo dont come here

All they are consistent with is sale advertisements

THIS BANK IS A FRAUD

 

 

 

 

 

 

4

Valley National Bank Is The Worst Bank Ever!
1 stars - dogmom - Tuesday, May 8, 2012 - 3:20 PM

There is no reason why this bank should hold checks more than 2 days, besides collect interest on people's money.  Their practices are deceiving.  Other banks don't do what Valley does.  If you can change banks, please do yourself a favor and do so.

3
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Anonymous - August 9, 2011
I did this in 2008, and closed in 2008 as well.

after >3 years, can I qualify as a new customer? Thanks

Anonymous - August 10, 2011
can I open the account online? or have to visit a branch?

Thanks

Anonymous - September 4, 2011
Do you need a cell phone or smartphone to sign up for Mobile Banking and get the $75 bonus??

Anonymous - January 18, 2012
Yea, you need a mobile device in order to actually use the mobile banking. This deal's on again luckily:

 

http://www.bigbankdeals.com/2012/01/valley-national-bank-150-ct-nj-ny-pa.html

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