Valley National Bancorp has appointed Michael D. Hagedorn as its senior executive vice president, chief financial officer, succeeding Alan Eskow.

Eskow will take on a senior advisory role at the bank.

Most recently, Hagedorn served as president and chief executive officer of UMB Bank and vice chairman of UMB Financial Corporation in Kansas City, MO for more than four years. Previously, he served as chief financial officer for UMB Financial Corporation starting in 2005. Prior to UMB Financial, Hagedorn held various positions of increasing responsibility with Norwest Bank and Wells Fargo.

As Valley’s CFO reporting to Ira Robbins, president and chief executive officer, Hagedorn will lead all key finance and capital market strategies while working closely with the board and executive leadership team to define and execute all corporate plans and initiatives. He will oversee all aspects of financial reporting, accounting, taxation, corporate treasury, balance sheet management, and investor relations.

“We are pleased to welcome Michael to our Executive Leadership Team,” said Robbins. “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.”

As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $32.5 billion in assets.