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Valley National Bancorp 5.50% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B

By: ,

Date Issued   7/27/2017

Shares Issued   7,000,000  Overallotment Shares  600,000

S&P Rating   BB+   Moodys Rating   NR

Security Ticker Symbol   VLY-B  OTC Temp Ticker  VLYYP

Market Traded On   NYSE

Dividend Payment Paid on the 30th of  March, June, September and December beginning on 9/30/2017

Quarterly Dividend   .344   Annual Dividend   1.375

Beginning 9/30/2022 the coupon will float at the rate of 3 month Libor plus a fixed base of 3.578%

Securities may be redeemed, at the issuers option, as early as 9/30/2022 for a redemption price of $25/share plus accrued dividends.

Dividend Payment Will BE  a Qualified Distribution

Dividends will not be cumulative.

Maturity Date   None

Company Investor Relations Page for Valley National Bancorp

Click here to find the offering Prospectus and/or Final Pricing Document


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