−Removed: We conduct our business at 232 retail banking centers locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn and Queens, Long Island, Westchester County, New York, Florida and Alabama.
+Added: We conduct our business at 231 retail banking centers locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn and Queens, Long Island, Westchester County, New York, Florida, Alabama, California and Illinois.
We own 96 of our banking center facilities and several non-branch operating facilities.
The other properties are leased for various terms.
−Removed: The following table summarizes our retail banking centers in each state:
−Removed: Number of banking centers % of Total
+Added: Valley considers its properties to be suitable and adequate for its current business needs .
+Added: The following table summarizes our leased and owned retail banking centers in each state:
+Added: Leased Owned Number of banking centers % of Total
Northern 56 45 101 43.7
1 unchanged sentence
Total New Jersey 69 59 128 55.4
−Removed: Manhattan 12 5.2
+Added: Manhattan, Brooklyn and Queens 16 7 23 10.0
Long Island 9 3 12 5.2
−Removed: Brooklyn 9 3.8
Westchester County 7 0 7 3.0
2 unchanged sentences
Alabama 4 12 16 6.9
+Added: California 2 0 2 0.9
+Added: Illinois 1 0 1 0.4
Total 135 96 231 100.0 %
2 unchanged sentences
Our New York City corporate headquarters are primarily used as a central hub for New York based lending activities of senior executives and other commercial lenders.
+Added: Additionally, we acquired two leased offices in New York City from Bank Leumi USA that are primarily used for commercial lending and
+Added: 2022 Form 10-K
+Added: our broker-dealer, VFM.
We also lease six non-bank office facilities in Florida, used for operational, executive and lending purposes.
−Removed: On December 1, 2021, the Westchester acquisition added seven banking centers located in Westchester County, New York.
−Removed: The total net book value of our premises and equipment (including land, buildings, leasehold improvements and furniture and equipment) was $326.3 million at December 31, 2021.
−Removed: We believe that all of our properties and equipment are well maintained, in good operating condition and adequate for all of our present and anticipated needs.
+Added: Additional information regarding Valley's leased locations and owned facilities can be found within Note 6.
+Added: Leases and Note 7.
+Added: Premises and Equipment, Net in the Notes to the Consolidated Financial Statements contained in Part II - Item 8.
+Added: Financial Statements and Supplementary Data, respectively.
+Added: Legal Proceedings
+Added: In the normal course of business, we are a party to various outstanding legal proceedings and claims.
+Added: In the opinion of management, our financial condition, results of operations, and liquidity should not be materially affected by the outcome of such legal proceedings and claims.
+Added: Mine and Safety Disclosures
+Added: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.