On January 28, 2020, the Board of Directors of Valley National Bancorp appointed Peter V. Maio as a director of the Company, effective immediately. The Board did not appoint Mr. Maio to serve on any of the committees of the Board immediately, but may do so in the future. Mr. Maio has over twenty years of experience as an information technology executive. He was most recently at Ally Financial Inc., where he was a Chief Information Officer of the Customer Information & Analytics Division from 2016 to 2018 and the Corporate Technology Division from 2012 to 2016.