VALLEY NATIONAL BANCORP
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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Item 2. Properties
| Item 2. | Properties |
|---|
We conduct our business at 230 retail banking center locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn and Queens, Long Island, Westchester County, New York, Florida, Alabama, California and Illinois. We own 96 of our banking center facilities and several non-branch operating facilities. The other properties are leased for various terms. Valley considers its properties to be suitable and adequate for its current business needs.
The following table summarizes our leased and owned retail banking centers in each state:
| Leased | Owned | Number of banking centers | % of Total | |
|---|---|---|---|---|
| New Jersey | ||||
| Northern | 60 | 40 | 100 | 43.5% |
| Central | 8 | 19 | 27 | 11.7 |
| Total New Jersey | 68 | 59 | 127 | 55.2 |
| New York | ||||
| Manhattan, Brooklyn and Queens | 15 | 7 | 22 | 9.6 |
| Long Island | 9 | 3 | 12 | 5.2 |
| Westchester County | 6 | — | 6 | 2.6 |
| Staten Island | 1 | — | 1 | 0.4 |
| Total New York | 31 | 10 | 41 | 17.8 |
| Florida | 26 | 16 | 42 | 18.3 |
| Alabama | 4 | 12 | 16 | 7.0 |
| California | 3 | — | 3 | 1.3 |
| Illinois | 1 | — | 1 | 0.4 |
| Total | 133 | 97 | 230 | 100.0% |
Our principal executive office is located at One Penn Plaza in New York, New York. Our corporate offices in New York City serve as the central hub for lending activities conducted by our senior executives and other commercial lenders. We also maintain two leased offices in New York City, primarily dedicated to commercial lending operations and to supporting our broker-dealer, VFM. Additionally, we lease several non-bank office facilities which are utilized for operational, executive, and lending activities.
During the third quarter 2023, Valley completed the sale of two corporate office buildings located in Wayne, New Jersey and relocated its headquarters to a new leased location at 70 Speedwell Avenue in Morristown, New Jersey.
Additional information regarding Valley’s leased locations and owned facilities can be found within Note 5. “Leases” and Note 6. “Premises and Equipment, Net,” respectively, in the Notes to the Consolidated Financial Statements contained in Item 8. Financial Statements and Supplementary Data.
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