Valley National Bancorp

NASDAQ:VLY   11:54:46 AM EDT
13.59
-0.30 (-2.16%)
Officer Changes, Other Pre-Announcement, Mergers / Acquisitions

Bank Leumi USA To Merge With Valley National Bank

Published: 09/23/2021 12:37 GMT
Valley National Bancorp (VLY) - Press Release - Bank Leumi in a Strategic Groundbreaking Move in the Us: Will Engage in a Deal to Merge Bank Leumi USA With Valley National Bank.
Bank Leumi Le Israel Bm - Leumi is Expected to Report a Profit of 650-750 Million Nis From Deal.
Bank Leumi Le Israel Bm - Under Bank Leumi USA Deal, Leumi Will Appoint Two Directors and an Observer to Board of Directors of Merged Bank.
Bank Leumi Le Israel Bm - Bank Leumi USA Ceo, Avner Mendelson, is Expected to Serve As Vice Chairman in Merged Bank.