valley national bancorp (VLY) Key Developments
Valley National Bancorp Announces Retirement of Albert L. Engel as Executive Vice President and Chief Retail Lending Officer
Jun 30 15
On June 24, 2015, Albert L. Engel, Executive Vice President and Chief Retail Lending Officer of Valley National Bancorp, notified the company of his intention to retire on a date to be agreed upon in the second half of 2016.
VLY Eyes Acquisitions
Jun 16 15
Valley National Bancorp (NYSE:VLY) is looking for acquisition opportunities. VLY announced that it has commenced public offerings of its subordinated debentures and non-cumulative perpetual preferred stock. VLY intends to use the net proceeds from these offerings for general corporate purposes, potential strategic acquisitions and investments in Valley National Bank as regulatory capital.
Valley National Bancorp, CNLBancshares, Inc. - M&A Call
May 27 15
To discuss the merger agreement between Valley National Bancorp and CNLBancshares, Inc
Valley National Seeks Acquisitions
May 27 15
Valley National Bancorp (NYSE:VLY) will consider acquisitions. "The proposed acquisition of CNLBancshares further demonstrates our commitment to prudently deploy our resources to supplement the recent organic growth in our Florida market," Gerald Lipkin, Valley's chairman, president and Chief Executive, said in the release. "Our outlook for Florida remains very positive and we are focused on supporting growth in that footprint through other acquisitions or de novo opportunities."
Valley National Bancorp Announces Common Stock Cash Dividend, Payable on July 1, 2015
May 20 15
Valley National Bancorp announced that a common stock cash dividend of $0.11 per share will be paid July 1, 2015 to shareholders of record on June 15, 2015. The dividend amount per share was unchanged as compared to the previous quarterly cash dividend. The cash dividend should not be used as an indicator of future dividends to the company’s stockholders.