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 (VLY) will release its fourth quarter 2021 earnings on January 27, 2022, before the market opens. CEO Ira Robbins will host a conference call at 11:00 AM (ET) to discuss the earnings. Interested listeners can join by calling 866-354-0432, Conference ID: 2858424, or via a live webcast. The earnings presentation materials will be available on Valley's website prior to the call. Valley National Bank, the principal subsidiary, operates with over $41 billion in assets across multiple states.
Valley National Bancorp (NASDAQ:VLY) has received regulatory approval from the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency for its acquisition of Bank Leumi Le-Israel Corporation, the U.S. subsidiary of Bank Leumi Le-Israel B.M. This acquisition is still pending additional approvals, including from the New York State Department of Financial Services and the Bank of Israel, as well as Valley's shareholders. Valley has over $41 billion in assets and aims to enhance its service offerings through this strategic acquisition.
Valley National Bancorp (NASDAQ: VLY) has announced the promotion of Thomas Iadanza to President of Valley National Bank. In this role, he will manage daily operations, including commercial and retail banking, digital products, and customer experience. Iadanza, a ten-year veteran of the bank, emphasized the institution's growth from $20 billion to nearly $50 billion in assets during this period. CEO Ira Robbins praised Iadanza’s leadership, anticipating further expansion and a continued focus on service-oriented banking.
Valley National Bancorp (NASDAQ:VLY) announced its regular quarterly dividends for shareholders of record on December 15, 2021. A cash dividend of $0.390625 per share will be paid on December 30, 2021, for its 6.25% Fixed-To-Floating Rate Non-Cumulative Perpetual Preferred Stock Series A. The 5.50% Fixed-To-Floating Rate Non-Cumulative Perpetual Preferred Stock Series B will receive $0.34375 per share. The common stock also receives a dividend of $0.11 per share on January 3, 2022. Notably, the common cash dividend remains unchanged from the previous quarter.
Valley National Bancorp (NASDAQ:VLY) has successfully completed its merger with The Westchester Bank Holding Corporation as of December 1, 2021. Valley will issue approximately 15.7 million shares of common stock, offering Westchester shareholders a conversion rate of 229.645 Valley shares for each Westchester share. The Westchester Bank, with about $1.3 billion in assets, is now merged under the Valley National Bank name, enhancing Valley's presence in Westchester County, New York. Full systems integration is anticipated to be finalized in Q1 2022.
Valley National Bank, a subsidiary of Valley National Bancorp (NASDAQ: VLY), has launched the National Deposits Group to strengthen its core deposit banking services across the U.S. This group targets businesses needing short-term liquidity, collaborating with industries such as 1031 exchange firms and private equity. Led by Martin Ball, the team aims to enhance client experiences through advanced technology and tailored banking solutions. Valley National Bank, managing around $41 billion in assets, emphasizes its commitment to customer satisfaction and community growth.
Valley National Bancorp (NASDAQ:VLY) reported a net income of $122.6 million, or $0.29 per diluted share for Q3 2021, up from $102.4 million in Q3 2020. Adjusted net income was $124.7 million, slightly down from $126.6 million in Q2 2021. Total loans increased by $149.4 million to $32.6 billion, despite a drop in PPP loans. The net interest income decreased marginally to $301.7 million. The efficiency ratio rose to 50.93%. Valley’s regulatory capital ratios remain robust, reflecting its well-capitalized status.
Valley National Bancorp (NASDAQ:VLY) has received necessary regulatory approvals for its acquisition of The Westchester Bank Holding Corporation. The merger is set to close on December 1, 2021, pending standard closing conditions. This acquisition, initially approved by Westchester stockholders on October 5, 2021, will enhance Valley's market presence and customer offerings. Valley, with approximately $41 billion in assets, is focused on providing accessible banking services across several states.
Valley National Bank, a subsidiary of Valley National Bancorp (NASDAQ: VLY), has announced the launch of a new digital payment platform called Valley Pay. This innovative solution aims to address the cash reliance in the cannabis sector by providing a secure, web-based mobile wallet for cannabis-related businesses. The platform is expected to enhance convenience, compliance, and cost efficiency for its users. A pilot program is set to launch in the coming months, positioning Valley as a leader in banking for the cannabis industry.
Valley National Bancorp announced its acquisition of Dudley Ventures, a leading advisory firm focused on tax credit investments. This strategic move is expected to enhance Valley's capabilities in community development, having invested over $2 billion in tax credits in the past 20 years. The acquisition includes Dudley's affiliated entities and aims to leverage Valley's extensive commercial real estate expertise, furthering their commitment to economically distressed communities. Valley plans to utilize Dudley’s tax credit strategies to strengthen its community impact.
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