Valley Announces Senior Leadership Restructure for New Jersey and New York Commercial Lending

News | 12/27/2018
WAYNE, N.J. – December 27, 2018 – Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ: VLY), announced today the restructuring of the Bank’s Commercial and Industrial (C&I) Senior Leadership Team. 
Josephine Savastano has been promoted to Regional President of New York and New Jersey C&I Lending. Josephine recently joined Valley this past May after spending the last five years as a team leader in Wells Fargo’s New York Commercial Bank.  Prior to that she held leadership positions over the last 25 years at Sovereign/Santander, Citibank and European American Bank. In her new role she will be responsible for all C&I business in New York and New Jersey, including specialty businesses and Community Banking for New York and New Jersey.
Joseph Burns has been promoted to First Senior Vice President and Director of New York C&I Banking.  Joe joined Valley in 2008 and brings over 29 years of commercial banking experience to his position.  In this new role he will be responsible for driving loan growth through strong relationship management and client acquisition while maintaining the credit quality of the book of business throughout all of Valley’s New York markets. 
Elizabeth Butler has been promoted to First Senior Vice President and Director of Healthcare Lending Services.  Liz is an experienced and talented lending professional, bringing more than 25 years of experience in the healthcare lending field to her position.  In this role she will manage all healthcare lending activities for the Bank.  Her responsibilities include the oversight of existing business relationships as well as the development of new lending and referral opportunities throughout both markets.  In addition, she will open up Valley’s footprint in the long-term care segment to a national footprint.
As previously announced, Steve Vitale has been promoted to First Senior Vice President and Department Head of Valley’s New Jersey C&I Banking Department. 
About Valley
As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $31 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates more than 230 branches 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 or call our Customer Service Center at 800-522-4100.