Valley National Bancorp Announces Pricing of Series C Preferred Stock Offering
TBBKThe Bancorp(TBBK) GlobeNewswire News Room·2024-07-30 07:56

NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ: VLY), the holding company for Valley National Bank, today announced the pricing of a public offering of 6,000,000 shares of its 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C (the “Preferred Stock”), for gross proceeds of 150million.EachshareofthePreferredStockwillbeissuedatapublicofferingpriceof150 million. Each share of the Preferred Stock will be issued at a public offering price of 25 per share and has a liquidation preference of $25 per share. Dividends on the ...