WAYNE, N.J., Dec. 10 /PRNewswire-FirstCall/ -- Valley National Bancorp ("Valley") , the holding company for Valley National Bank, announced today that it has closed on its previously announced registered direct offering of 5 million shares of its common stock, no par value, at a price of $13.00 per share to several institutional investors. The shares of common stock were sold pursuant to Valley's effective shelf registration. Stifel, Nicolaus & Company, Incorporated served as lead placement agent and Sandler O'Neill + Partners, L.P. acted as placement agent in connection with the registered direct offering.
About Valley
Valley is a regional bank holding company, headquartered in Wayne, New Jersey, with over $14 billion in assets. Its principal subsidiary, Valley National Bank, currently operates 199 branches in 135 communities serving 14 counties throughout northern and central New Jersey and Manhattan, Brooklyn and Queens. Valley National Bank is the largest commercial bank headquartered in New Jersey and is committed to providing the most convenient service, the latest in product innovations and an experienced and knowledgeable staff with a high priority on friendly customer service 24 hours a day, 7 days a week. Valley National Bank offers a wide range of deposit products, mortgage loans and cash management services to consumers and businesses including products tailored for the medical, insurance and leasing business. Valley National Bank's comprehensive delivery channels enable customers to bank in person, by telephone or online.
For more information about Valley National Bank and its products and services, please visit http://www.valleynationalbank.com/ or call Customer Service 24/7 at 1-800-522-4100.
Valley National Bancorp
CONTACT: Alan D. Eskow, Senior Executive Vice President and Chief
Financial Officer, +1-973-305-4003
Web Site: http://www.valleynationalbank.com/
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