Skip to Main Content

Insights

News

June 18, 2015

Day Pitney Represents Valley National Bancorp in $215 Million Stock and Debt Offerings

Parsippany, NJ, June 18, 2015 -- Day Pitney represented Valley National Bancorp in an issuance of a combined $215 million in preferred stock and debt.

Valley plans to use the proceeds general corporate purposes, potential strategic acquisitions and regulatory capital investments in its bank unit, Valley National Bank. The offerings are expected to close on June 19, 2015, subject to customary closing conditions.
Day Pitney also recently advised Valley in the acquisition of CNL Bancshares in Orlando, Fla., for $207 million in stock. This deal is expected to close in the fourth quarter.

Ron Janis led the Day Pitney team, which also included Henry Ko and Kendall Wilson.

Explore Day Pitney's latest media mentions and speaking appearances.

Press Contact

Elyse Blazey Gentile
Director of Communications

EMAIL DISCLAIMER

Thank you for your interest in contacting us by email.

Your e-mail to this individual should not contain any confidential information and should be for general information purposes only. An attorney-client relationship will not be created by your e-mail to this individual. Information in your e-mail may not be entitled to any protections commonly associated with communications with attorneys. If you are in doubt about any information, please exclude it.

If you accept the terms of this notice and would like to send an email, click on the "I Agree" button below. Otherwise, please click "I Don't Agree".