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Valley National Bank

Valley National Bank, a regional bank headquartered in Wayne, N.J., was founded in 1927 as Passaic Park Trust Company. In 1976 after multiple acquisitions, the bank was renamed Valley National Bank to reflect their growing regional status.

As of the third quarter of 2012, Valley National Bank has $16 billion in assets and 210 branches in 147 communities in the New York-New Jersey area. The bank serves customers in 16 counties in Northern and Central New Jersey as well as Manhattan, Brooklyn, Queens and Long Island.

Valley National Bank earned a four-star rating from Bauer Financial and is on Bauer Financial's Recommended Report.

Financial products and services

Valley National Bank offers 15, 20 and 30-year fixed-rate home loans, home equity loans and home equity lines of credit, and home construction loans. Home loans are available for primary residences, vacation homes and investment properties.

The bank also provides financing for auto and personal loans.

Mortgages are available only to customers who are purchasing or refinancing a home in New Jersey, New York or Pennsylvania. Valley National Bank occasionally offers incentives to existing and new customers, such as their current offer for $499 refinancing..

Valley National Title Services, one of the largest title companies in New Jersey, is affiliated with the bank and can provide title services to customers in New Jersey, New York and Pennsylvania. Other financial products include investment accounts, credit cards, debit cards and several types of insurance, including homeowner's insurance, renter's insurance, car insurance, life insurance and health insurance.

Bank customers can handle their transactions at a branch, by phone, online and on a smartphone.

Deposit accounts

Customers of Valley National Bank can open a checking, savings, money market, health savings or a retirement account, and a certificate of deposit (CD).

All deposit accounts are FDIC-insured to the maximum limit of $250,000 per depositor