Valley National expands commercial banking presence into Arizona

Valley Bank announced the organic expansion of its relationship-focused commercial banking operations into the Phoenix, Arizona market. With this expansion, Valley now operates in 6 of the top 10 US Metropolitan Statistical Areas based on population. “Our expansion into Arizona is a meaningful milestone for Valley and a natural extension of our commercial banking strategy,” said Gino Martocci, President of Commercial Banking at Valley. “Arizona is one of the fastest growing and most capital-intensive economies in the nation. With population growth exceeding the U.S. average, more than $30 billion in annual business investment, and over $165 billion committed to advanced manufacturing alone, the state is attracting companies that are scaling rapidly and investing for the long term. Our existing presence through Dudley Ventures, and their connectivity to the local business community, gives us a strong foundation to build from. As one of the strongest regional banks in the country, we continue to invest strategically in markets where we can differentiate ourselves with experience and responsible scale, and deliver long-term value for our clients and shareholders.”