Welcome to our dedicated page for Valley Natl Bancorp news (Ticker: VLY), a resource for investors and traders seeking the latest updates and insights on Valley Natl Bancorp stock.
Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, regularly issues news and updates that reflect its activities as a regional commercial bank. As the principal subsidiary, Valley National Bank is described as a regional bank with approximately $63 billion in assets and operations across New Jersey, New York, Florida, Alabama, California, and Illinois. News coverage often highlights its relationship-based banking philosophy, commercial growth initiatives, and community investment efforts.
Readers of this page can find announcements related to earnings, dividends, and financial performance, such as quarterly results and regular preferred and common stock dividend declarations. These updates provide insight into Valley’s net interest income, loan and deposit trends, credit quality metrics, and overall profitability, as reported in its public communications and related Form 8-K filings.
Valley’s news flow also includes leadership appointments and market expansion updates. Recent releases have detailed the hiring of senior executives to lead commercial banking in New Jersey, the Philadelphia and South Jersey region, and California, as well as the appointment of a head of asset-based lending. These items illustrate how the bank is building its commercial platform and expanding its presence across key geographies and business segments.
Another important theme in Valley’s news is its focus on community and corporate citizenship. The bank has reported on education-focused philanthropy in New Jersey and Florida and on broader community development investments supporting low-to-moderate income individuals and neighborhoods. Brand and marketing initiatives, such as the "That’s How" campaign, are also covered, showing how Valley presents its nearly century-long history and relationship-driven identity. Investors, analysts, and customers can use this news page to follow Valley’s financial reporting, strategic initiatives, and community-oriented activities over time.
Valley National Bancorp (NASDAQ:VLY) will announce its first quarter 2022 earnings before market opening on April 28, 2022. CEO Ira Robbins will host a conference call on the same day at 11:00 AM ET to discuss the earnings report. Interested listeners can participate by calling toll-free 866-354-0432, using Conference ID 3674992, or joining via a live webcast available on Valley's website, with an archive accessible until May 30, 2022. The bank, with approximately $50 billion in assets, continues its commitment to providing comprehensive banking services across several states.
Valley National Bancorp (NASDAQ: VLY) has completed its acquisition of Bank Leumi Le-Israel Corporation as of April 1, 2022. Valley issued approximately 85 million shares and paid $113 million in cash for the transaction, with shareholders of Leumi USA receiving 3.8025 shares of Valley stock and $5.08 in cash for each of their shares. Bank Leumi brings around $8.3 billion in assets and strengthens Valley's commercial banking expertise, particularly in technology and private banking, positioning them for growth in diverse markets.
Valley Bank and Bank Leumi USA have released their inaugural Present & Future of Proptech report, highlighting significant investment trends in the property technology sector. In 2021, a record
Valley National Bancorp (NASDAQ:VLY) announced it has received all necessary regulatory approvals for its acquisition of Bank Leumi Le-Israel Corporation, the U.S. subsidiary of Bank Leumi Le-Israel B.M. This includes approvals from the Federal Reserve Bank of New York, the Office of the Comptroller of the Currency, the New York State Department of Financial Services, and the Bank of Israel. The merger is expected to close on April 1, 2022, pending customary conditions. Valley National Bank operates with approximately $43 billion in assets, focusing on community support and innovative banking services.
Pronto Housing, an innovative affordable housing compliance Software-as-a-Service (SaaS) platform, has announced new partnerships with key investors including Valley National Bank (NASDAQ: VLY) and Fifth Wall. This follows their successful
Valley National Bancorp (NASDAQ:VLY) announced its regular preferred and common dividends for shareholders of record on March 15, 2022. A cash dividend of $0.390625 per share will be paid on its 6.25% Fixed-To-Floating Rate Non-Cumulative Perpetual Preferred Stock Series A and $0.34375 for Series B, both on March 30, 2022. Additionally, a cash dividend of $0.11 per share will be paid on common stock on April 1, 2022. The common stock dividend amount remains unchanged from the previous quarter.
Demolition has commenced for Valley National Bank's new headquarters in Morristown, NJ, set to open by March 2023. The modern, high-performance office will accommodate over 660 employees and features innovative design catered to the workforce's needs. This relocation from Wayne, NJ, to a prime downtown location aims to enhance employee experience and attract top talent. Valley's new base will be approximately 120,000 square feet, integrating outdoor spaces and retail options, thus invigorating the local economy.
Valley National Bancorp (NASDAQ:VLY) reported a net income of $115 million for Q4 2021, up from $105.4 million in Q4 2020, but down from $122.6 million in Q3 2021. The recent acquisition of The Westchester Bank added approximately $1.4 billion in assets and $915 million in loans. Adjusted net income was $120.5 million. Total loans increased by $1.5 billion to $34.2 billion, while total deposits rose by $2 billion to $35.6 billion. Non-interest income fell by $4.2 million, and non-interest expenses increased by $9.6 million. The efficiency ratio stood at 52.19%.
Valley National Bancorp (NASDAQ:VLY) announced shareholder approval for the issuance of common stock to facilitate the acquisition of Bank Leumi Le-Israel Corporation, the US subsidiary of Bank Leumi. Over 98% of voting shareholders favored this proposal at the Special Meeting. Valley has already received regulatory approvals from the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency, but finalization depends on additional approvals from the New York State Department of Financial Services and the Bank of Israel.
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