Valley National Bank Promotes Mark Saeger to Executive Vice President, Chief Credit Officer

WAYNE, N.J. – Wednesday, January 17, 2018 – Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NYSE:VLY), announced today the promotion of Mark Saeger to Executive Vice President - Chief Credit Officer. 

Saeger joined Valley in 2015 as the Department Head of New York Commercial Lending and brings over 30 years of banking experience to his new role. As the Chief Credit Officer, he will be responsible for monitoring and managing the aggregate risk trends in the Bank's loan portfolio. He will also develop enterprise-wide credit underwriting policies and procedures that support Valley’s strong credit culture and growth plans. 

“Mark’s extensive background in commercial banking and proven track record of delivering results make him the ideal candidate to assume this critical position,” remarked Ira Robbins, Valley National Bank President and CEO. “We are confident that his expertise and leadership will play an important role in building long-term value for our clients, communities and shareholders.” 

Saeger received a Bachelor’s Degree in International Economics from Georgetown University and a Master’s Degree from the Stern School of Business – NYU. He can be reached at 973-686-5046 or by email at msaeger@valleynationalbank.com

Valley National Bancorp is a regional bank holding company headquartered in Wayne, New Jersey with over $28 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, Florida and Alabama. Valley National Bank is one of the largest commercial banks headquartered in New Jersey and is committed to providing the most convenient service, the latest in product innovations and an experienced and knowledgeable staff with a high priority on friendly customer service. For more information about Valley National Bank and its products and services, please visit www.valleynationalbank.com or call our Customer Service Center at 800-522-4100.