Valley National Bancorp Completes its Merger of Oritani Financial Corp
Valley National Bancorp (VLY)
Last valley national bancorp earnings: 4/30 08:00 am
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valleynationalbank.com
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Source: GlobeNewswire
NEW YORK, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced that its merger with Oritani Financial Corp. (“Oritani”) (NASDAQ: ORIT) was completed effective December 1, 2019. Valley will issue approximately 72 million shares of common stock in the transaction. The common shareholders of Oritani will receive 1.60 shares of Valley common stock for each Oritani share that they own. Effective December 1, 2019, Oritani’s wholly-owned subsidiary, Oritani Bank, was merged into and under the name Valley National Bank. As of September 30, 2019, Oritani had approximately $4.0 billion in assets, $3.4 billion in net loans, $2.9 billion in deposits and a branch network of 26 locations. The acquisition represents a significant addition to Valley's New Jersey franchise, and will meaningfully enhance its presence in the Bergen County market. Full systems integration is expected to be completed near the end of the first quarter of 2020. Ira Robbins, CEO of
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- Valley National (VLY) Q1 Earnings Miss on High Provisions [Yahoo! Finance]Yahoo! Finance
- Valley National Bancorp (NASDAQ: VLY) had its price target lowered by analysts at Wedbush from $9.00 to $8.00. They now have a "neutral" rating on the stock.MarketBeat
VLY
Earnings
- 4/25/24 - Miss
VLY
Sec Filings
- 5/8/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/5/24 - Form S-3ASR
- VLY's page on the SEC website