Wayne-based Valley National Bancorp, the holding company for Valley National Bank, announced Wednesday it has appointed Michael D. Hagedorn to senior executive vice president and chief financial officer, effective Aug. 10.
Hagedorn will be succeeding Alan Eskow, former chief financial officer, who previously announced he will take on a senior advisory role at the bank.
In this role, Hagedorn will be responsible for all finance and capital market strategies while working closely with the bank’s board and executive leadership. He will also oversee financial reporting, accounting, taxation, corporate treasury, balance sheet management and investor relations. He will report to Ira Robbins, CEO and president.
“We are pleased to welcome Michael to our Executive Leadership Team,” Robbins said. “Michael is a compelling leader who brings a wealth of knowledge to this critical role and his deep experience in banking and all facets of finance will be a tremendous asset to our company. We will all benefit from his insight, expertise and strong social commitment as we continue to execute our strategy to grow and strengthen our business and create long-term value for all Valley stakeholders.”
Prior to Valley, Hagedorn was CEO and president of UMB Bank and vice chairman of UMB Financial Corp. Prior to UMB, he held a roles of increasing responsibility with Norwest Bank and Wells Fargo.