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Violation Tracker Individual Record

Company: Valley National Bank
Penalty: $216,785
Year: 2024
Date: September 23, 2024
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: Valley National Bank (VNB), a national bank and member of the Federal Reserve System, has agreed to pay $216,784.50 to resolve its civil liability under the False Claims Act for its self-disclosed role in the administration of two loans to a bank customer made under the Coronavirus Aid, Relief and Economic Security Act (CARES), the Payroll Protection Program (PPP) and Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act).
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Middle District of Florida
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.