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615 Main Avenue
Passaic, NJ 07055

Valley National Bank engages in personal, commercial, corporate and institutional banking and offers depository products, loans, and insurance options to its customers and potential customers.

The bank makes several checking and savings accounts available, which include basic and senior checking as well as health and children’s savings accounts. Money Market accounts are available and differ from the savings accounts with regard to account requirements. CDs and IRA CDs are also offered with term lengths ranging from 7 days to 72 months.

Valley National Bank online banking is called VBankWorks and gives customers access to free online account management services. It offers them the ability to check account balances, view transaction history, transfer funds, and pay bills.

Valley National Bank was originally established in 1927 as the Passaic Park Trust Company, before changing to its current name in 1976. It is headquartered in Waynen, New Jersey and is the principal subsidiary of Valley National Bancorp, operating hundreds of branches predominantly in the states of New Jersey and New York.

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Horrible Bank - Stay Away

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.

Valley National Bank Is The Worst Bank Ever!

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.

The Worst Bank-I Cant Fathom How They Got This Big

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








Valley National Bank Is NOT Customer Friendly!

I have been a customer for 15 years. I went to have something notarized and they would not do it, because it was not related to their bank. I had to go to a UPS store where they dont know me and pay to have it done. Today I went to cash a small rebate check from Allstate and because it also had my husbands name on it they would only deposit it and told me to write my own check for the same amount if I wanted the cash. the balance in my account was way more then the small check.  And my Allstate is paid directly out of myValley account on the 15th of each month and my husbands name is not on that account. Do yourself a favor go to PNC or Peapack Gladstone Bank stay far away from VNB



Data for Q4 2013

Institution Health


Texas Ratio


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 December 31, 2013 Valley National Bank had $158.71 million in non-current loans and owned real-estate with $1.79 billion in equity and loan loss allowances on hand to cover it. This gives Valley National Bank a Texas Ratio of 8.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Valley National Bank decreased slightly from 11.15% as of December 31, 2012 to 8.84% as of December 31, 2013, resulting in a positive change of 20.66%.This indicates that the balance sheet and financial strength for Valley National Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Valley National Bank has increased its total deposits by $29.1 million, resulting in 0.26% 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 above average.



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 $16.15 billion in assets with $1.79 billion in equity, resulting in a capitalization level of 11.11%, which is excellent.

Institution Statistics

FDIC Certificate #9396
Year Established1927
Primary RegulatorOCC
Assets and Liabilities
Assets$16.15 billion
Loans$11.46 billion
Deposits$11.35 billion
Equity Capital$1.68 billion
Loan Loss Allowance$113.62 million
Unbacked Noncurrent Loans$139.13 million
Real Estate Owned$19.58 million
Historic Data - December 2012
Assets$16.00 billion
Equity Capital$1.65 billion
Loan Loss Allowance$130.20 million
Unbacked Noncurrent Loans$139.13 million
Real Estate Owned$15.61 million
Profit Margin - Quarterly
Net Interest Margin3.29%
Return on Assets0.88%
Return on Equity8.48%
Interest Income$616.10 million

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Valley National Bank has 215 locations. Click to view all Valley National Bank locations.