Valley National Bancorp Announces Redemption of $115,000,000 Aggregate Principal Amount of 5.25% Fixed-To-Floating Rate Subordinated Notes Due 2030

Core Viewpoint - Valley National Bancorp announced the full redemption of its 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030, totaling $115 million, effective June 15, 2025, enhancing its financial flexibility and capital efficiency [1][3]. Group 1: Redemption Details - The total principal amount of the Notes being redeemed is $115,000,000 [1]. - The redemption price will be 100% of the principal amount plus accrued and unpaid interest up to the Redemption Date [1]. - Holders of the Notes will receive notice and further instructions regarding the redemption process [2]. Group 2: Company Background - Valley National Bank, the principal subsidiary of Valley National Bancorp, has approximately $62 billion in assets [3]. - The bank operates numerous branch locations and commercial banking offices across several states, including New Jersey, New York, Florida, Alabama, California, and Illinois [3]. - Valley National Bank is committed to supporting community growth and providing innovative services to meet customer needs [3].