Valley National Bank Extends Mandatory Retirement for Chairman, President & CEO Gerald H. Lipkin
WAYNE, N.J., April 15 /PRNewswire-FirstCall/ -- Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NYSE: VLY) ("Valley"), is proud to announce that the Bank's Board of Directors have extended the mandatory retirement of Gerald H. Lipkin, Chairman, President & CEO, through 2016.
Valley National Bancorp Directors, Andrew Abramson, Chairman of the Audit and Risk Committee and Gerald Korde, Chairman of the Compensation and Human Resources Committee, said, "We are pleased to announce the extension of Gerry's mandatory retirement age. Gerry's performance with Valley over the past 34 years has been exceptional and there was unanimous support by the Directors."
Valley is the largest regional bank holding company, headquartered in Wayne, New Jersey with $14.7 billion in assets, which currently operates 194 branches in 132 communities serving 14 counties throughout northern and central New Jersey and Manhattan, Brooklyn and Queens.
