Valley National Bancorp Announces the Completion of its Acquisition of Bank Leumi USA
NEW YORK, April 01, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ: VLY) (Valley) announced that its acquisition of Bank Leumi Le-Israel Corporation (Leumi USA), the U.S. subsidiary of Bank Leumi Le-Israel B.M.
- NEW YORK, April 01, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ: VLY) (Valley) announced that its acquisition of Bank Leumi Le-Israel Corporation (Leumi USA), the U.S. subsidiary of Bank Leumi Le-Israel B.M.
- (BLITA), and parent company of Bank Leumi USA (Bank Leumi) was completed effective April 1, 2022.
- The common shareholders of Leumi USA will receive 3.8025 shares of Valley common stock and $5.08 in cash for each Leumi USA common share that they own.
- As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $50 billion in assets.