Morristown, N.J.-based Valley National Bank announced that Jonas Ng will take on the position of Head of Small Business Banking.
Ng, who previously held positions with Key Bank, will head up the bank’s small business strategy and focus on delivering relationship-drive financial solutions for business owners. The bank said Small Business Banking is a core component of its consumer and commercial strategy, and Ng’s position will help the bank position itself to serve a growing business segment of an estimated 3.4 million small businesses operating across the bank’s footprint in New York, New Jersey, Florida, Alabama, and California.
“Small businesses are at the center of the communities we serve,” said Patrick Smith, President of Consumer Banking. “They are builders, employers, and problem-solvers that rely on financial partners who understand their needs and show up consistently. Jonas brings the right experience and perspective to continue strengthening how we support this important segment.”
Ng brings to the position a broad background that couples a track record of building high-performance teams with experience across banking, fintech, marketing, operations and P&L management. While at KeyBank, Ng held senior leadership roles within the Commercial Bank, and previously served as Chief Operating Officer of Laurel Road.
“Small business owners value speed, clarity, and trusted relationships,” said Ng. “Valley’s model, combining local decision-making with a full range of capabilities, positions the Bank to deliver in a way that is both personal and highly effective. I’m excited to join the team and build on the strong foundation already in place, continuing to invest in solutions that help our clients grow and navigate what’s next.”