home · filing · 0001193125-22-092782
8-K filed April 1, 2022, 7:59 PM ET
ticker VLY
CIK 0000714310
M&A
confidence high
sentiment positive
materiality 0.90
Valley National Bancorp completes acquisition of Bank Leumi USA for ~$1.2B
VALLEY NATIONAL BANCORP
Total consideration: ~85M shares of Valley common stock + $113M cash, valued at ~$1.2B.
Bank Leumi USA held $8.3B assets, $5.8B commercial loans, $7.1B low-cost deposits as of Dec 31, 2021.
Former Bank Leumi CEO Avner Mendelson joins Valley Board as Vice-Chairman; Ronen Agassi also appointed.
Investor rights agreement with parent BLITA includes director designation rights and a 4-year lock-up period.
Acquisition adds technology and private banking capabilities, enhancing Valley's commercial banking footprint.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2022-04-01
Filed April 1, 2022, 7:59 PM ET
Avner Mendelson and Ronen Agassi (collectively, the “New Directors”) being appointed to fill the newly created vacancies on the Valley Board.
Effective 2022-04-01
Filed April 1, 2022, 7:59 PM ET
Avner Mendelson and Ronen Agassi (collectively, the “New Directors”) being appointed to fill the newly created vacancies on the Valley Board.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Avner Mendelson was appointed as director at VALLEY NATIONAL BANCORP.
Action appointed
Role director
Exact text from the filing
Avner Mendelson and Ronen Agassi (collectively, the “New Directors”) being appointed to fill the newly created vacancies on the Valley Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ronen Agassi was appointed as director at VALLEY NATIONAL BANCORP.
Action appointed
Role director
Exact text from the filing
Avner Mendelson and Ronen Agassi (collectively, the “New Directors”) being appointed to fill the newly created vacancies on the Valley Board.
View on SEC.gov
Source: SEC EDGAR
accession 0001193125-22-092782
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