Valley National Bancorp Announces the Promotions of Peter Crocitto and Alan D. Eskow to Senior Executive Vice President
WAYNE, N.J., June 19 /PRNewswire-FirstCall/ -- Valley National Bancorp (NYSE: VLY) ("Valley"), the holding company for Valley National Bank, is pleased to announce the promotions of Peter Crocitto and Alan D. Eskow to Senior Executive Vice President. At Valley, Mr. Crocitto and Mr. Eskow also hold the positions of Chief Operating Officer and Chief Financial Officer, respectively.
Mr. Crocitto and Mr. Eskow, both members of Valley's Officers of The Chairman Committee, will play a critical role in leading Valley into the future by working side by side with the Chairman and the Board of Directors on the strategic direction and operations of Valley.
Gerald H. Lipkin, Chairman, President and CEO of Valley commented that "Mr. Crocitto has played an integral part in Valley's success for over 30 years. He has earned this title through all the hard work and dedication he has demonstrated through the years." Mr. Lipkin added, "Mr. Eskow's tireless commitment has contributed significantly to Valley's unprecedented growth and overall profitability. Moreover, his dedication to our organization has earned him this well deserved promotion. I look forward to working closely with both senior executives to ensure Valley maintains its strong market position, and conservative growth and credit philosophy."
Mr. Crocitto joined Valley in 1977 and has held various positions throughout the bank such as Consumer Lending, Retail Banking, MIS, Business Development and Operations. He was promoted to Executive Vice President in 1996 and assumed the title of Chief Operating Officer in 2008.
Mr. Eskow joined Valley in 1990 as a Vice President in the Financial Administration Department. He is a licensed CPA in New Jersey and a member of both the American Institute of CPA's and the New Jersey State Society of CPA's. Mr. Eskow was designated the Controller in 1998 and Chief Financial Officer in 2000. His current responsibilities include overseeing the accounting, finance and treasury functions, the investment portfolio, and responsibility for Valley's Wealth Management Division.
Valley is a regional bank holding company, headquartered in Wayne, New Jersey, with over $14 billion in assets. Its principal subsidiary, Valley National Bank, currently operates 195 branches in 132 communities serving 14 counties throughout northern and central New Jersey, Manhattan and Brooklyn and Queens. Valley is the largest commercial bank headquartered in New Jersey.
