Valley National Bancorp

NASDAQ:VLY  
12.88
-0.19 (-1.45%)
Mergers / Acquisitions

Valley National Bancorp Acquires Westchester Bank Holding Corporation

Published: 06/29/2021 20:57 GMT
Valley National Bancorp (VLY) - Valley National Bancorp Expands Into Dynamic Westchester County, Ny Market With Acquisition of High-performing Westchester Bank Holding Corporation.
Valley National - Stockholders of Westchester Will Receive 229.645 Shares of Co's Common Stock for Each Share of Westchester Common Stock They Own.
Valley National Bancorp - Existing Westchester Options Will Be Cashed Out for About $10 Million in Cash.
Valley National Bancorp - Acquisition is Also Expected to Be About 1% Accretive to Valley's Earnings at Close.
Valley National Bancorp - Acquisition is Expected to Be Neutral to Valley's Pro Forma Tangible Book Value and Capital Ratios at Close.