Valley National is targeted by investors spooked by NYCB’s loss

Valley National is targeted by investors spooked by NYCB’s loss

  Valley National, based in Morristown, New Jersey, has a high exposure to commercial-property loans relative to its peers. The bank reported that almost half its $50.2 billion loan book was in commercial real estate as of Dec. 31, with heavy exposure to New York, Florida and New Jersey.