Valley National Bancorp in New York announces that its president plans to retire next year.
The $62 billion-asset company said in a press release that Thomas Iadanza will step down on June 30. He joined the bank through its 2012 purchase of State Bancorp, where he was chief lending officer.
“Tom’s dedication to our customers, employees, and stakeholders has contributed meaningfully to our successful evolution,” Ira Robbins, Valley’s chairman and CEO, said in the release. “He is the consummate relationship banker and continues to provide the template for our bankers to emulate across the franchise.”
Valley said Iadanza will with the board and executive leadership in the coming months to allow for a seamless transition of his duties and responsibilities.