Valley National Bancorp filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
$VLY
Major Banks
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 16, 2025
(Exact Name of Registrant as Specified in Charter)
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbols | Name of exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
Emerging growth company ☐
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| Item 8.01 | Other Events. | ||||
On May 16, 2025, Valley National Bancorp (the “Company”) delivered a company order (the “Company Order”) to The Bank of New York Mellon Trust Company N.A., as trustee (the “Trustee”), instructing the Trustee to deliver a redemption notice on May 16, 2025 (the “Redemption Notice”) to each holder of the Company’s outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 originally issued on June 5, 2020 in the aggregate principal amount of $115,000,000 (the “Securities”). Pursuant to the terms of the Securities, on June 15, 2025 (the “Redemption Date”), the Company will redeem the Securities in full at a redemption price of 100% of the principal amount plus accrued and unpaid interest to, but excluding, the Redemption Date (the “Redemption Price”). Payment of the Redemption Price will be made only upon surrender of the Securities to the Trustee, as paying agent for the Securities, at the address provided in the Redemption Notice. Interest on the Securities will cease to accrue on and after the Redemption Date, and no Securities will remain outstanding following the redemption.
A copy of the Company’s press release announcing the matters described above is attached hereto as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. | ||||||||||
| (d) | Exhibits. | ||||||||||
| Exhibit No. | Description | ||||||||||
| 99.1 | |||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 16, 2025 | VALLEY NATIONAL BANCORP | ||||||||||
By: | /s/ Gary G. Michael | ||||||||||
| Gary G. Michael | |||||||||||
| Executive Vice President, General | |||||||||||
| Counsel & Corporate Secretary | |||||||||||