Valley Bank Invested More than $3 Billion to Support Its Communities in 2023
Valley’s 9th Corporate Social Responsibility Report Released
Report highlights include:
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$1.21 billion in community development loans to advance affordable housing and community services to low-to-moderate income (LMI) individuals, economic and community development, and revitalization and stabilization -
$887 million in multi-family and residential mortgage loans to support affordable housing in LMI areas and for LMI individuals -
$547 million in community development investments supporting LMI neighborhoods individuals and businesses -
$418 million in loans to support small businesses and/or in underserved neighborhoods -
$4 .9+ million in total charitable giving last year to support non-profit organizations
Valley is dedicated to the communities it serves by supporting and strengthening these communities through economic inclusion, workforce and community development, investment in local nonprofits, environmental stewardship, and an intentional commitment to its local partners. The report focuses on Valley’s four pillars of CSR: promoting affordable housing; inspiring innovation and entrepreneurship; stimulating economic and community development; and driving impactful, local leadership.
“We have strategically invested in initiatives aimed at deepening our impact within the community, particularly in the realm of financial capacity building,” said
Valley encourages its employees and supports their efforts to give back to their communities. In 2023, Valley launched the Workplace Giving program which doubles the impact of its associates’ donations to their favorite nonprofit organizations through a matching donation. Through the bank’s Valley Cares program, Valley employees volunteered more than 13,500 service hours to support community partners and programs in the regions we serve.
About Valley
As the principal subsidiary of
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