Valley National Bancorp raises ~$449M in common stock offering at $9.35/share

VALLEY NATIONAL BANCORP

Sold 49,197,860 shares (including full exercise of underwriters' option) at $9.35 per share.
Net proceeds expected ~$448.9M after underwriting discounts and estimated expenses.
Proceeds for general corporate purposes and investments in Valley National Bank as regulatory capital.
Offering priced Nov 7, 2024, closed Nov 12, 2024; J.P. Morgan sole book-running manager.

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