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.
Day Pitney Press Release
Day Pitney Partners Gretchen Blauvelt-Marquez, Michael Fitzpatrick, James Leva, Nicole Magdiziak and Thomas O'Mullane's promotion to partnership and Partner Todd Terhune's arrival to the firm were featured in the New Jersey Law Journal's New Partners Yearbook 2023.
Day Pitney's election of 11 new partners was featured in Law360 Pulse article, "Day Pitney Elevates 11 To Partner."
Day Pitney Real Estate and Land Use Partner Nicole Magdziak's promotion to partner was featured in Real Estate NJ's article, "Day Pitney Real Estate, Land Use Lawyer in New Jersey Named Partner."
Day Pitney Press Release
Day Pitney Press Release
Day Pitney Partner Michael Kaufman was featured in a Law360 Pulse Q&A discussing his new position as chair of the firm's Institutional Finance and Commercial Lending group.
Day Pitney Stamford Partner Michael Kaufman's new role as chair of the firm's Institutional Finance and Commercial Lending group was featured in Law360 Pulse.
Day Pitney Press Release
Day Pitney Press Release