WAYNE, N.J., Oct. 18, 2016 /PRNewswire/ -- Valley
National Bancorp (NYSE: VLY) released its 2016 Annual Dodd-Frank
Act Stress Test Disclosure for Valley National Bancorp and Valley
National Bank, its principal subsidiary.
The results are calculated using capital action assumptions
consistent with the Dodd-Frank Act Stress Test rules. Results are
based on a forward-looking exercise using a hypothetical severely
adverse macroeconomic scenario developed by the Board of Governors
of the Federal Reserve System which do not represent Valley's
economic forecast.
The full disclosure, including a summary of the supervisory
severely adverse scenario and additional information regarding the
methodologies used to conduct the stress test, may be found under
the Shareholder Relations section of Valley's website at
www.valleynationalbank.com.
Valley National Bancorp is a regional bank holding company
headquartered in Wayne, New Jersey
with approximately $21.8 billion in
assets. Its principal subsidiary, Valley National Bank, currently
operates 210 branch locations serving northern and central
New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long
Island, and Florida. 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 24 hours a day, 7 days a
week. For more information about Valley National Bank and its
products and services, please visit www.valleynationalbank.com or
call Customer Service, 24/7 at 800-522-4100.
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SOURCE Valley National Bancorp