Valley National Bancorp (VLY) Key Developments | Reuters.com
Edition:
United States

Valley National Bancorp (VLY)

VLY on New York Consolidated

8.84USD
24 Jun 2016
Change (% chg)

$-0.59 (-6.26%)
Prev Close
$9.43
Open
$8.83
Day's High
$9.05
Day's Low
$8.74
Volume
4,953,634
Avg. Vol
1,924,524
52-wk High
$11.24
52-wk Low
$8.31

Latest Key Developments (Source: Significant Developments)

Valley National Bancorp declares preferred stock cash dividend
Wednesday, 19 Aug 2015 08:55am EDT 

Valley National Bancorp:Declares preferred stock cash dividend of $0.438368 per share.Payable on Sept. 30 to shareholders of record on Sept. 11 on its 6.25% Fixed-To-Floating Rate Non-Cumulative Perpetual Preferred Stock Series A.  Full Article

Valley National Bancorp commences subordinated notes and preferred stock offerings
Tuesday, 16 Jun 2015 06:54am EDT 

Valley National Bancorp:Says that it has commenced public offerings of its subordinated debentures and non-cumulative perpetual preferred stock.Valley intends to use the net proceeds from these offerings for general corporate purposes, potential strategic acquisitions and investments in Valley National Bank as regulatory capital.Sandler O'Neill + Partners, L.P., Keefe, Bruyette & Woods, A Stifel Company and Deutsche Bank Securities Inc. are acting as joint book-running managers for the Notes offering.Sandler O'Neill + Partners, L.P., Keefe, Bruyette & Woods, A Stifel Company and RBC Capital Markets are acting as joint book-running managers for the Preferred Stock offering.  Full Article

Valley National Bancorp to acquire CNLBancshares
Wednesday, 27 May 2015 07:00am EDT 

Valley National Bancorp and CNLBancshares Inc:Enters into a merger agreement whereby the common shareholders of CNLBancshares will receive 0.75 of a share of Valley common stock for each CNLBancshares share they own, subject to adjustment in the event Valley's average stock price falls below $8.80 or rises above $10.13 prior to closing.Says transaction is valued at an estimated $207 million, based on Valley's closing stock price on May 22, 2015.Anticipates this transaction will be accretive to Valley's earnings within 12 months from closing.  Full Article

Valley National Bancorp to pay cash dividend
Wednesday, 20 May 2015 02:48pm EDT 

Valley National Bancorp:Says common stock cash dividend of $0.11 per share will be paid July 1, to shareholders of record on June 15.  Full Article

Valley National Bancorp sets record and payment date for common stock cash dividend
Thursday, 26 Feb 2015 10:30am EST 

Valley National Bancorp:Announces that a common stock cash dividend of $0.11 per share will be paid April 1, 2015 to shareholders of record on March 13, 2015.  Full Article

Valley National Bancorp announces common stock cash dividend
Wednesday, 19 Nov 2014 10:22am EST 

Valley National Bancorp:Says common stock cash dividend of $0.11 per share will be paid Jan. 2, 2015.Dividend to shareholders of record on Dec. 15.  Full Article

Valley National Bancorp completes its merger of 1st United Bancorp Inc
Monday, 3 Nov 2014 07:30am EST 

Valley National Bancorp:Announced that its merger with 1st United Bancorp, Inc. (1st United) was completed effective Nov. 1.Valley will issue about 30.7 mln shares of common stock in the transaction.The common shareholders of 1st United will receive 0.89 of a share of Valley common stock for each 1st United share they own.  Full Article

Valley National Bancorp announces closing date for acquisition of 1st United Bancorp, Inc.
Wednesday, 22 Oct 2014 04:36pm EDT 

Valley National Bancorp:Says closing of their previously announced merger transaction will be effective as of Nov. 1.1st United Bank will be immediately merged into Valley National Bank with full integration of its systems to be completed during the first quarter of 2015.  Full Article

Valley National Bancorp sets record and payment date for common stock cash dividend
Wednesday, 20 Aug 2014 01:04pm EDT 

Valley National Bancorp:Says common stock cash dividend of $0.11 per share will be paid Oct. 01 to shareholders of record on Sept. 15.  Full Article

BRIEF-Valley National Bancorp reports Q1 earnings $0.14/shr

* Valley National Bancorp reports a 19 percent increase in first quarter net income, full integration of its recent bank acquisition and solid asset quality