September 25, 2024

Michael D. Hagedorn
Senior Executive Vice President & Chief Financial Officer
Valley National Bancorp
One Penn Plaza
New York, NY 10119

       Re: Valley National Bancorp
           Form 10-K for the Fiscal Year Ended December 31, 2023
           Form 10-Q for the Quarterly Period Ended June 30, 2024
           File No. 001-11277
Dear Michael D. Hagedorn:

       We have reviewed your filing and have the following comments.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to this letter, we may have additional
comments.

Form 10-Q for the Quarterly Period Ended June 30, 2024
Management's Discussion and Analysis, page 49

1.     In prior filings, in earnings discussions and in press interviews, your
management has
       indicated that you intend to de-emphasize certain types of commercial
real estate (CRE)
       lending. In particular, in an April 25, 2024 earnings presentation and
call your CEO
       indicated that your long-term plan was to reduce CRE loans to below 400%
of risk-based
       capital by the end of 2025. In your earnings call for the period ended
June 30, 2024, your
       CEO referenced your progress towards "previously laid out goals."
Finally, we note that
       your progress in reducing your exposure to CRE has been the subject of
both analyst and
       press coverage. However, your management's discussion in this quarterly
report does not
       reference your plans to de-emphasize your exposure to CRE on a
risk-weighted basis,
       nor the impact on your risks and capitalization, particularly from
reducing exposure to
       specific types of CRE. Given the importance placed by management and
others in your
       goals to reduce this exposure, and progress towards those goals, please
provide additional
       discussion of your efforts in future filings, beginning with your next
10-Q.
 September 25, 2024
Page 2
Deposits and Other Borrowings, page 53

2.     We note your disclosure that average time deposits balances increased
$712.0 million
       primarily due to increased use of indirect customer (i.e., brokered) CDs
as a funding
       source in the second quarter 2024. In future filings, please clearly
quantify the amount of
       brokered deposits at each period end presented in your financial
statements.
3.     We note that the Company discloses a measure of cumulative beta on slide
9 in exhibit
       99.2 of the second quarter of 2024 earnings release on Form 8-K filed on
July 25, 2024.
       To the extent that the Company and its management monitors and uses
cumulative beta as
       part of managing its deposit costs, please revise your disclosures, in
future quarterly and
       annual filings on Forms 10-Q or 10-K, to discuss and explain the measure
and how it is
       used.
Liquidity and Cash Requirements, page 72

4.     We note your disclosure on page 26 regarding various sales of loans,
such as commercial
       real estate and construction loans, during the first quarter of 2024 and
in April 2024 as
       well as the sale of your commercial premium finance lending business. We
also note your
       subsequent event disclosure on page 52 regarding your issuance and
preferred stock in
       August 2024. Please revise your liquidity and cash requirements
disclosures, in future
       filings, to include more detailed discussion of these events and
activities, and their impact
       on the Company's liquidity and cash position and how they relate to your
risk
       management policies and balance sheet goals.

        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Please contact Lory Empie at 202-551-3714 or Robert Klein at
202-551-3847 if you have
questions regarding comments on the financial statements and related matters.
Please contact
Aisha Adegbuyi at 202-551-8754 or Christian Windsor at 202-551-3419 with any
other
questions.



                                                             Sincerely,

                                                             Division of
Corporation Finance
                                                             Office of Finance