Valley National Bancorp Receives Final Regulatory Approvals for Bank Leumi Acquisition

Valley National Bancorp has received all regulatory approvals in connection with its acquisition of Bank Leumi Le-Israel Corporation, the U.S. subsidiary of Bank Leumi Le-Israel and parent company of Bank Leumi USA.

Valley National Bancorp previously received regulatory approval from the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency. Valley National Bancorp recently received additional regulatory approvals, including approval from the New York State Department of Financial Services and the Bank of Israel. Valley National Bancorp’s shareholders approved the issuance of company stock in connection with the merger on Jan. 13.

Valley National Bancorp expects the merger to close on April 1, subject to customary closing conditions.

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