Valley Bank, a regional bank with operations along key East Coast markets and California, is expanding its Chicago office with the hiring of Matthew Weidle as First Senior Vice President and Midwest Regional President.
In this new role, Weidle will focus on expanding Valley’s Commercial Banking presence in the Chicago market and Midwest region. Valley inherited the talented and well-established Commercial Banking team through Valley’s merger with Bank Leumi USA in April 2022.
Under Weidle’s leadership, Valley aims to take its proven Commercial & Industrial, Real Estate, and Wealth Management business to new levels. The Bank will work with established industries in areas such as manufacturing, distribution, and transportation, while also serving companies in the fast-growing technology and business services sectors. Valley also intends to bring new verticals to the marketplaces such as Asset-Based Lending, Association Banking, Leasing, and SBA, among other solutions.
“Few people understand the marketplace and needs of the business community as well as Matt Weidle,” said Valley Bank Head of Corporate Banking Jeff Watts. “With Matt leading our brand in the market and Jerry Lumpkins continuing to lead our Real Estate business in the Midwest Region, Valley will help customers capitalize on today’s evolving marketplace as we expand our footprint across the region.”
Weidle joins Valley Bank with more than two decades of banking experience, most recently at Bank of the West, where he served as Regional Manager and led coverage for the Midwest and Upper Great Regions and managed a team of bankers responsible for a book of business of over $2 billion in loan commitments. During his 11 years at Bank of the West, Weidle grew a team of two into a thriving team of more than 40 financial professionals.
“This is an exciting moment in banking where regional consolidation has resulted in a wide array of opportunities,” Weidle said. “We’ve seen how resilient the Midwest can be in even the most challenging economic environments. I look forward to showing what a partner like Valley, focused on strength, stability and trust, can do to fuel our clients’ forward momentum.”