Valley Bank Invested More than $2.5 Billion to Support Its Communities in 2024
Valley’s 10th Sustainability Report Released
Report highlights include:
-
$782 million 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 -
$734 million in community development investments supporting LMI neighborhoods individuals and businesses -
$478 million in multi-family and residential mortgage loans to support affordable housing in LMI areas and for LMI individuals -
$306 million in loans to support small businesses and/or in underserved neighborhoods -
$5 .6+ million in total charitable giving last year to support non-profit organizations - More than 16,300 volunteer hours to support community partners and programs in the regions Valley serves
Valley is committed to supporting community and economic development, as well as entrepreneurship, throughout the communities we serve, with a heightened focus on strengthening low-to-moderate income (LMI) neighborhoods and individuals. This issue marks the 10th edition of Valley’s report, outlining Valley’s continued commitment to our pillars:
- Promoting affordable housing
- Stimulating community and economic development
- Inspiring innovation and entrepreneurship
- Driving impactful local leadership
“As relationship bankers at Valley, collaboration with our community partners and other stakeholders creates positive impact and allows us to be responsive to the needs of the communities we collectively serve,” said
About Valley
As the principal subsidiary of
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