Valley National Bancorp Announces New Leadership Appointment
07 Juin 2024 - 2:00PM
Valley National Bancorp (
NASDAQ: VLY), the holding
company for Valley National Bank, today announced that it has
appointed John P. Regan as Senior Executive Vice President—Chief
Risk Officer effective June 24, 2024. Mr. Regan will succeed Raja
A. Dakkuri, who is leaving Valley to pursue another professional
opportunity outside the banking industry. Mr. Dakkuri will remain
in the position until Mr. Regan joins to ensure an orderly
transition. Mr. Regan will report directly to Ira
Robbins, Chief Executive Officer and Chairman of Valley. In his
role, Mr. Regan will oversee all aspects of Valley’s enterprise
risk management program.
Mr. Regan is a veteran banking industry audit
and risk management executive with over 30 years of experience
leading banking teams for global, regional, and community banks.
Mr. Regan is a former Senior Partner of KPMG LLP, where he was
responsible for coordinating KPMG’s New York Metro Banking Audit
Practice, and was also a lead partner for various global and
regional banks until his departure from KPMG in 2015. Most
recently, Mr. Regan served as Chief Audit Officer for the New York
banking operations of Industrial and Commercial Bank of China from
2022 until 2024. Prior to that, Mr. Regan held the position of
Chief Audit Executive at Investors Bancorp from 2016 until 2022.
“We are extremely excited to welcome John to
Valley,” said Mr. Robbins. “John’s extensive experience working
with regional and global banking organizations positions him well
as our next Chief Risk Officer. His perspective will be immensely
valuable as we continue to build on the robust risk management
framework that has underpinned our success, while simultaneously
fostering a culture of risk awareness and ownership. John has the
experience, leadership capabilities, and strategic vision to
contribute to the next phase of Valley’s evolution.”
On his appointment, Mr. Regan commented, “I am
delighted to be appointed Chief Risk Officer of Valley. I look
forward to working alongside Ira, the management team, and our
other stakeholders as we continue to uphold Valley’s long-standing
track record of prudent and responsible risk management.”
About Valley
As the principal subsidiary of Valley National
Bancorp, Valley National Bank is a regional bank with approximately
$61 billion in assets. Valley is committed to giving people and
businesses the power to succeed. Valley operates many convenient
branch locations and commercial banking offices in New Jersey, New
York, Florida, Alabama, California, and Illinois and is committed
to providing the most convenient service, the latest innovations
and an experienced and knowledgeable team dedicated to meeting
customer needs. Helping communities grow and prosper is the heart
of Valley’s corporate citizenship philosophy. To learn more about
Valley, go to www.valley.com or call our Customer Care Center at
800-522-4100.
Forward Looking Statements
The foregoing contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements are not historical facts and
include expressions about management’s confidence and strategies
and management’s expectations about Valley’s business, new and
existing programs and products, acquisitions, relationships,
opportunities, taxation, technology, market conditions and economic
expectations. These statements may be identified by such
forward-looking terminology as “intend,” “should,” “expect,”
“believe,” “view,” “opportunity,” “allow,” “continues,” “reflects,”
“typically,” “usually,” “anticipate,” “may,” “estimate,” “outlook,”
“project,” or similar statements or variations of such terms. Such
forward-looking statements involve certain risks and uncertainties.
Valley’s actual results may differ materially from such
forward-looking statements. Factors that may cause actual results
to differ materially from those contemplated by such
forward-looking statements include, but are not limited to, those
risk factors disclosed in Valley’s Annual Report on Form 10-K for
the year ended December 31, 2023.
Contact: |
Travis Lan |
|
Executive Vice President
and |
|
Deputy Chief Financial
Officer |
|
973-686-5007 |
Valley National Bancorp (NASDAQ:VLY)
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