Valley National Bank has named a new lead financial executive to succeed Alan Eskow, who, it was previously announced, will transition to a senior advisory role at the bank.
On Wednesday, Valley National Bancorp announced Michael Hagedorn will assume the role of senior executive vice president and chief financial officer effective Aug. 10. He will be based at the bank’s headquarters in Wayne.
Hagedorn – who will report to Valley President and Chief Executive Officer Ira Robbins – comes to the role from four years as president and CEO of UMB Bank and vice chairman of UMB Financial Corp. in Kansas City, Mo. Prior to that position, he had held the title of CFO at UMB since 2005.
At Valley, Hagedorn will lead finance and capital market strategies, the bank said, working closely with the board and executive leadership team, in addition to overseeing financial reporting, accounting, taxation, corporate treasury, balance sheet management and investor relations.
“We are pleased to welcome Michael to our executive leadership team,” Robbins said in a prepared statement. “Michael is a compelling leader who brings a wealth of knowledge to this critical role and his deep experience in banking and all facets of finance will be a tremendous asset to our company.
“We will all benefit from his insight, expertise and strong social commitment as we continue to execute our strategy to grow and strengthen our business and create long-term value for all Valley stakeholders,” he added.
Valley has more than 200 branches throughout New Jersey, New York, Florida and Alabama.