New York, NY – October 13, 2021 -- Valley National Bancorp (“Valley”) (NASDAQ:VLY) announced today that it is has acquired Arizona-based Dudley Ventures, an advisory firm specializing in the investment and management of tax credits. Over its greater than 20-year history, Dudley Ventures and its affiliates have invested over $2 billion in tax credit transactions, leading to deep community impact. The transaction includes the acquisition of Dudley Ventures’ entities DV Community Investment, DV Fund Advisors and Dudley Ventures Advisory Services.

“We are thrilled to join Valley as we broaden the reach of serving communities through highly impactful tax credit investments. Valley’s expertise in commercial lending combined with its embedded service culture makes Valley a natural partner,” said Dudley Ventures President and Founder, Jim Howard.

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