An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
NEW YORK, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced that its merger with The Westchester Bank Holding Corporation (“Westchester”) was completed effective December 1, 2021.
Valley will issue approximately 15.7 million shares of common stock in the transaction. The common shareholders of Westchester will receive 229.645 shares of Valley common stock for each Westchester share that they own.
Effective December 1, 2021, Westchester’s wholly-owned subsidiary, The Westchester Bank, was merged into and under the name Valley National Bank. As of September 30, 2021, Westchester had approximately $1.3 billion in assets, $906 million in loans and $1.1 billion in deposits. The acquisition represents a significant addition to Valley's Westchester County, New York franchise. Full systems integration is expected to be completed in the first quarter of 2022.
About Valley As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with over $40 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations across New Jersey, New York, Florida and Alabama, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley’s corporate citizenship philosophy. To learn more about Valley, go to www.valley.com or call our Customer Care Center at 800-522-4100.
Contact: Michael Hagedorn, SEVP Chief Financial Officer 973-872-4885
valley national bank, the wholly-owned subsidiary of valley national bancorp (nyse:vly), provides retail and commercial banking services, cash management, consumer and commercial lending, investment alternatives, insurance and estate planning solutions through 213 locations, 254 atms, online (valleynationalbank.com), and mobile devices. as a regional bank, we offer innovative financial solutions and exceptional customer service throughout new jersey, manhattan, bronx, brooklyn, queens, long island, and florida. our goal is to assist you in achieving your financial goals with information, guidance, insight and tools. our conservative approach, designed to protect our customers, shareholders and employees, is one of our strengths, especially during uncertain economic times. we are big enough to provide the depth and breadth of resources, yet we have the ability to deliver customized solutions like a responsive, local community bank. above all, we are a bank you can trust. that’s wh
