Acquiring Company
Valley National Bancorp
Acquired Company
Providence Financial Corporation
MorristownIllinoisFinancial ServicesFinanceFintechLendingBankingFinancial ServicesFinanceLendingBankingDescription
Valley National Bancorp has announced a definitive merger agreement to acquire Providence Financial Corporation. The acquisition aligns with Valley's strategic priorities to enhance funding and expand its presence in the Chicagoland market. Providence provides a well-established delivery channel, adding significant value to Valley’s operations. The total merger consideration is estimated at $247 million.
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Based on deal dataFrequently asked
Who acquired Providence Financial Corporation?
Providence Financial Corporation was acquired by Valley National Bancorp, based in Morristown. The deal was reported on August 25, 2026. Valley National Bancorp is a New Jersey-based financial institution with a market capitalization of $4.95 billion. Valley National Bancorp is privately held and operates in Financial Services.
When did Valley National Bancorp acquire Providence Financial Corporation?
Valley National Bancorp's acquisition of Providence Financial Corporation was reported on August 25, 2026. Valley National Bancorp has announced a definitive merger agreement to acquire Providence Financial Corporation. The acquisition aligns with Valley's strategic priorities to enhance funding and expand its presence in the Chicagoland market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Providence Financial Corporation do?
Providence Financial Corporation is a high-performing commercial bank with a strong focus on community banking. It operates through a 14-branch network, offering a range of financial services. It is privately held, operating in Financial Services, and is based in Illinois.
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