VALLEY NATIONAL BANCORP
Q3 2014 Form 13-F
Key People
Directors & officers from Form 4 filingsDescription and Activity
Valley National Bancorp, headquartered in Morristown, New Jersey, operates as a bank holding company primarily through its subsidiary, Valley National Bank. The bank provides a wide range of banking and financial services, including commercial, private banking, retail, insurance, and wealth management. Key products include consumer and commercial deposit accounts, residential mortgages, home equity loans, small business loans, and commercial real estate financing. Valley also offers specialized services for homeowners associations and cannabis-related businesses, accessible through over 200 branches and digital platforms.
Valley National Bancorp operates in the banking and financial services industry, with significant market presence in New Jersey, New York, Florida, and Alabama. It generates revenue through traditional banking operations, investment banking, and insurance services. The company has two main segments: Consumer Banking and Commercial Banking, with additional services provided through its Wealth Management and Insurance Services Division. Valley's commercial loans mainly comprise commercial and industrial loans and commercial real estate loans, while its consumer loan portfolio includes residential mortgages, auto loans, and personal lines of credit.
Valley's primary customers include consumers and businesses seeking deposit and loan products, as well as those requiring wealth management and insurance services. The bank's financial performance is influenced by factors such as its loan portfolio diversification, market competition from banks, credit unions, and fintech companies, and its investment strategies in securities for liquidity management. Additionally, Valley's strategic acquisitions, like the acquisition of Bank Leumi Le-Israel Corporation, play a role in expanding its market footprint and client base.
Company description summarized from 10-K filing.Filing Navigation
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Q3 2014 13F record
Q3 2014 13F filing summary
| Period of report | September 30, 2014 |
|---|---|
| Filed | October 17, 2014 |
| Form | 13F-HR |
| Reported value | $86.2M |
| Positions | 194 |
| Change in reported value | +1.2% |
| New positions | 5 |
| Exited positions | 4 |
| Position turnover | 4.6% |
| Top-10 concentration | 43.4% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q4 2014 13F
Filed Feb 9, 2015
|
221 | $81.9M |
|
Q3 2014 13F
Filed Oct 17, 2014
|
194 | $86.2M |
|
Q2 2014 13F
Filed Jul 31, 2014
|
193 | $85.2M |
|
Q1 2014 13F
Filed Apr 23, 2014
|
189 | $76.0M |
|
Q4 2013 13F
Filed Feb 14, 2014
|
195 | $102.2M |
Top 20 holdings · Q3 2014
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SHY ISHARES 1-3 YEAR TREASURY BOND FUND ETF | $6.6M | 7.68% |
| 2 | VCSH VANGUARD S/T CORP BOND | $5.2M | 6.07% |
| 3 | FLRN SPDR BARCLAYS INVESTMENT GRA | $4.9M | 5.7% |
| 4 | SPY SPDR S&P 500 ETF TRUST | $3.9M | 4.56% |
| 5 | BSV VANGUARD SHORT TERM CORP BD | $3.9M | 4.55% |
| 6 | TIP ISHARES TIPS BOND ETF | $3.1M | 3.63% |
| 7 | VLY VALLEY NATIONAL BANCORP | $3.1M | 3.57% |
| 8 | JNJ JOHNSON & JOHNSON | $2.4M | 2.78% |
| 9 | PG PROCTER & GAMBLE CO | $2.1M | 2.45% |
| 10 | EMB ISHARES JPM $ EMERGING MARKET ETF | $2.1M | 2.45% |
| 11 | BND VANGUARD TOTAL BOND MARKET | $1.9M | 2.16% |
| 12 | XOM EXXON MOBIL CORP | $1.8M | 2.07% |
| 13 | PEP PEPSICO INC | $1.7M | 1.99% |
| 14 | MUB ISHS NATIONAL AMT-FREE MUNI BOND ETF | $1.6M | 1.91% |
| 15 | LQD ISHARES IBOXX $ INV GR CORP BOND EFT | $1.6M | 1.86% |
| 16 | WIP SPDR DB INTL GOV INFL PROT BOND FUND | $1.5M | 1.8% |
| 17 | WM WASTE MANAGEMENT | $1.3M | 1.56% |
| 18 | IWM ISHARES RUSSELL 2000 ETF | $1.2M | 1.42% |
| 19 | EEM ISHARES MSCI EMERGING MARKET ETF | $1.2M | 1.37% |
| 20 | GE GENERAL ELECTRIC CO | $1.1M | 1.27% |
Values as reported on the Q3 2014 Form 13F. Every position is in the holdings table below.