VLY vs WAFD

Valley National Bancorp

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market accounts, as well as time deposits. The company also offers commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; and secured and unsecured other consumer loans. In addition, it invests in securities and interest-bearing deposits with other banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, foreign exchange transactions, documentary collections, and foreign wire transfers services, as well as transaction accounts for non-resident aliens. Further, the company provides investment services for individuals and small to medium sized businesses; and trusts and custom -tailored investment strategies for retirement plans. Additionally, it offers trust services, which comprise living and testamentary trusts, investment management, custodial and escrow services, and estate administration primarily to individuals; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as holds real estate related investments. Further, the company offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. It operates 226 retail banking centers located in New Jersey, New York, Florida, and Alabama. The company was founded in 1927 and is headquartered in New York, New York.

WaFd Inc.

Washington Federal, Inc. operates as the bank holding company for Washington Federal Bank, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts. It also provides single-family residential, construction, land acquisition and development, consumer lot, multi-family residential, commercial and industrial, commercial real estate, home equity, and consumer loans. In addition, the company offers insurance brokerage services, such as individual and business insurance policies to customers and general public; holds and markets real estate properties; mobile and internet banking services; debit and credit cards; and acts as trustee. It serves consumers, mid-sized and large businesses, and owners and developers of commercial real estate. As of September 30, 2020, the company had 234 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, and Texas. Washington Federal, Inc. was founded in 1917 and is headquartered in Seattle, Washington.