VALLEY NATIONAL BANCORP (NYSE:VLY) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On September 24, 2018, Valley National Bancorp (“Valley”), acting to authorization from its Board of Directors, determined to voluntarily withdraw the principal listing of Valley’s common stock (the "Common Stock") from the New York Stock Exchange (the “NYSE”) and transfer the listing to The Nasdaq Global Select Market (“Nasdaq”). Valley expects that listing and trading of the Common Stock on the NYSE will end at market close on October 9, 2018, and that trading will begin on Nasdaq at market open on October 10, 2018.
The Common Stock has been approved for listing on Nasdaq, where it will continue to be listed under the ticker symbol “VLY”.
Valley will also transfer and list Non-Cumulative Perpetual Preferred Stock Series A under the symbol “VLYPA”, Non-Cumulative Perpetual Preferred Stock Series B under the symbol “VLYPB”, and warrants to purchase common stock under the symbol “VLYWW”.
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Item 7.01 |
Regulation FD Disclosure. |
Valley issued the press release attached hereto as Exhibit 99.1 in connection with the transfer of to Nasdaq.
The information in this report (including Exhibit 99.1) is being furnished to Item 7.01 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This report will not be deemed an admission as to the materiality of any information herein (including Exhibit 99.2).
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Item 9.01 |
Financial Statements and Exhibits. |
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Exhibit No. |
Description |
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(d) |
Exhibits. |
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99.1 |
Press Release dated September 24, 2018.
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The Press Release disclosed in this Item 9.01 as Exhibit 99 shall be considered “furnished” but not “filed” for purposes of the Securities Exchange Act of 1934, as amended. |
VALLEY NATIONAL BANCORP ExhibitEX-99.1 2 exhibit991pressrelease0924.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1 News ReleaseFOR IMMEDIATE RELEASEContact: Rick Kraemer First Senior Vice President Investor Relations Officer 973-686-4817VALLEY NATIONAL BANCORP ANNOUNCES TRANSFER OF STOCKLISTING TO NASDAQWAYNE,…To view the full exhibit click here
About VALLEY NATIONAL BANCORP (NYSE:VLY)
Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company’s segments include Consumer Lending; Commercial Lending; Investment Management, and Corporate and Other Adjustments. The consumer lending segment includes its residential mortgages, home equity loans and automobile loans. The commercial lending segment primarily includes floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. The investment management segment includes the Company’s investments in various types of securities, its federal funds sold and interest-bearing deposits with banks (primarily the Federal Reserve Bank of New York). The Bank has over 230 branches serving northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, and Florida.
