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Valley National Bancorp Announces Proposed Common Stock Offering

Nov 07, 2024

Contract Type

partnership

New YorkFinancial ServicesFinanceFintechLendingBanking

Description

Valley National Bancorp, the holding company for Valley National Bank, has announced a proposed public offering of shares of its common stock. The company expects to use the net proceeds from this offering for general corporate purposes and investments in Valley National Bank as regulatory capital.

Company Information

Company

Valley National Bancorp

Location

70 Speedwell Ave

New York, New York, United States

About

Valley National Bancorp is a New Jersey-based financial institution with a market capitalization of $4.95 billion. The bank has shown financial resilience, with a revenue of $1.58 billion in the last twelve months as of Q3 2024.