Valley National Bancorp prices $144.7M offering of 8.25% Preferred Stock Series C

VALLEY NATIONAL BANCORP

Issued 6M shares (6.9M with overallotment) of 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Series C at $25/share.
Net proceeds expected ~$144.7M after underwriting discounts and expenses.
Underwriters: Morgan Stanley, BofA, JPMorgan, UBS, Wells Fargo, KBW.
Expected to close on or about August 5, 2024.
Underwriters have 30-day option to buy up to 900,000 additional shares.

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