Valley National Bancorp Announces Pricing of Common Stock Offering
Valley National Bancorp (VLY)
Last valley national bancorp earnings: 4/30 08:00 am
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US:NYSE Investor Relations:
valleynationalbank.com
Company Research
Source: GlobeNewswire
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ: VLY), the holding company for Valley National Bank, today announced the pricing of a public offering of 42,780,748 shares of its common stock, no par value (the “Common Stock”), at a public offering price of $9.35 per share, for aggregate gross proceeds of $400 million. In addition, Valley has granted the underwriter a 30-day option to purchase up to an additional 6,417,112 shares of its Common Stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on November 12, 2024, subject to the satisfaction of customary closing conditions. Valley intends to use the net proceeds from this offering for general corporate purposes and for investments in Valley National Bank as regulatory capital. J.P. Morgan is acting as sole book-running manager for the offering. Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Valley. The Common Sto
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News
- Valley National Bank Announces the Retirement of President Thomas A. Iadanza [Yahoo! Finance]Yahoo! Finance
- Valley National Bank Announces the Retirement of President Thomas A. IadanzaGlobeNewswire
- Valley Bank Appoints Gail Castellano to Lead New Staten Island Banking Team [Yahoo! Finance]Yahoo! Finance
- Valley Bank Appoints Gail Castellano to Lead New Staten Island Banking TeamBusiness Wire
- Valley National Bancorp (NASDAQ: VLY) had its price target raised by analysts at Barclays PLC from $10.00 to $11.00. They now have an "equal weight" rating on the stock.MarketBeat
VLY
Earnings
- 10/24/24 - In-Line
VLY
Sec Filings
- 12/11/24 - Form 8-K
- 12/9/24 - Form 8-K
- 12/2/24 - Form 3
- VLY's page on the SEC website