Valley National Bancorp 6.25% Fixed to Floating Rate Non Cumulative Perpetual Preferred Stock Series A

By: ,

Date Issued  6-16-2015

Shares Issued    4,600,000    Overallotment Shares    None

S&P Rating   BB+   Moodys Rating   NR

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Security Ticker Symbol   VLY-A   OTC Temporary Ticker  VLNBP

Market Traded ON   NYSE

Dividend Payment Paid on the 30th of March, June, September and December beginning on 09/30/2015

Quarterly Dividend   .391   Annual Dividend   1.5625

From 6/30/2025 until the redemption date the dividend rate will be at a floating rate of 3.85% plus 3 month libor. 

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Securities may be redeemed, at the issuers option, as early as 06/30/2025 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distribution

Maturity Date   None

 

Company Investor Relations Page for Valley National Bancorp

Below you can find the offering Prospectus and Final Pricing Document

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