Key hire reinforces Valley's investment in relationship-led, technology-enabled small business banking

Valley National Bank, a subsidiary of Valley National Bancorp (NASDAQ:VLY), today announced that Jonas Ng has joined the Bank as First Senior Vice President, Head of Small Business Banking. In this role, Ng will lead Valley's small business strategy, focused on delivering relationship-driven financial solutions that help business owners operate efficiently and scale with confidence. He will focus on enhancing Valley's capabilities across deposits, lending, digital channels, and client engagement.

Small Business Banking is a core component of Valley's consumer and commercial strategy, supporting entrepreneurs and local businesses with accessible capital, tailored products, and consistent advisory support. Valley is well positioned to serve a sizable and growing segment, with approximately 3.4 million small businesses operating across the Bank's footprint in New York, New Jersey, Florida, Alabama, and California, per S&P Capital IQ.

"Small businesses are at the center of the communities we serve," said Patrick Smith, President of Consumer Banking. "They are builders, employers, and problem-solvers that rely on financial partners who understand their needs and show up consistently. Jonas brings the right experience and perspective to continue strengthening how we support this important segment."

Ng is an accomplished leader with a strong track record of building high‑performing teams and driving meaningful business results. He brings broad, cross‑functional experience spanning banking, fintech, marketing, operations, and P&L management. Ng joins Valley from KeyBank, where he held senior leadership roles within the Commercial Bank, and previously served as Chief Operating Officer of Laurel Road.

"Small business owners value speed, clarity, and trusted relationships," said Ng. "Valley's model, combining local decision-making with a full range of capabilities, positions the Bank to deliver in a way that is both personal and highly effective. I'm excited to join the team and build on the strong foundation already in place, continuing to invest in solutions that help our clients grow and navigate what's next."

Valley's approach to small business banking is rooted in accessibility and consistency, offering tailored lending solutions, treasury management tools, and dedicated support designed to meet clients where they are. The appointment of Ng reflects the Bank's continued investment in delivering a more integrated, technology-enabled experience for small business clients while maintaining its relationship-first approach.

About Valley

As the principal subsidiary of Valley National Bancorp (NASDAQ:VLY), Valley National Bank is a regional financial institution with approximately $64 billion in assets. Founded in 1927, Valley has more than 200 offices nationwide and serves individuals, families, and businesses across New Jersey, New York, Florida, Alabama, California, and Illinois. Valley delivers a full range of consumer, commercial, and wealth management solutions designed to support everything from homeownership and business growth to long-term financial planning. Big enough to support complex financial needs and small enough to stay deeply connected, Valley is grounded in a relationship-led approach focused on understanding people first. That same relationship-led approach guides Valley's commitment to community investment and responsible corporate citizenship. To learn more, visit www.valley.com or call the Valley Customer Care Center at 800-522-4100.

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Pam Golden

(973) 564-8591

pam@glapr.com

Valley Bank Appoints Jonas Ng as Head of Small Business Banking