secwatch.observer — SEC 8-K summary
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Issuer:     VALLEY NATIONAL BANCORP (VLY)
CIK:        0000714310
Form:       8-K
Filed at:   2026-08-25T12:44:06+00:00
Accession:  0001193125-26-364239
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valley National to buy Providence Financial for $247M; ~2% EPS accretive at close
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- Deal: 4.3854 Valley shares + $21.47 cash per Providence share; total ~$247M based on VLY $14.10 close.
- Providence: ~$1.6B assets, $1.3B deposits, $1.1B loans, $800M wealth AUM across 14 branches as of 6/30/26.
- Expected ~2% accretive to EPS, <1% dilutive to tangible book value; earnback <3 years.
- Pro forma combined: ~$67.9B assets, $55.5B deposits, $53.5B loans; ~$1.6B Chicago deposits.
- Close expected early 2027, pending Providence shareholder approval and regulatory clearance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714310/000119312526364239/0001193125-26-364239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714310/000119312526364239/d149125d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-364239

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