Valley Bank is growing: the things it does, the services it provides and the places it operates. And on Thursday, it announced Thomas Iadanza will help drive those efforts as president, while Ira Robbins will remain chief executive officer.
Most recently serving as senior executive vice president, chief banking officer, Iadanza has been with the Wayne-based bank for 10 years.
“Tom is an exceptional leader who has played an integral role in Valley’s growth,” Robbins said.
According to a statement from Iadanza, under Robbins’ purview as both CEO and president, Valley grew its assets from approximately $20 billion to nearly $50 billion.
Iadanza will oversee Valley’s day-to-day operations, including commercial and retail banking, digital products, credit customer experience and financial services.
“I am honored that Ira and the board have put their trust in me to help lead Valley forward,” Iadanaza said. “I am confident that we have the right people and vision to make Valley one of the premiere commercial banks in the country and I couldn’t be more exited about our future.”
And moving forward Valley is, indeed. In September, it announced a $1.1 billion deal to acquire the U.S. operations of Bank Leumi, which Valley said would make the organization the 29th-largest publicly traded U.S. bank by assets. Over the summer, it announced it was acquiring Westchester Bank for $220 million; the deal closed Dec. 1.