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Announced

Completed

Valley National Bancorp completed its acquisition of Oritani Financial for $740m.

Financials

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Transaction Value£583m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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banking products

Acquisition

Merger

United States

Banks

Public

Completed

Friendly

Single Bidder

Synopsis

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Valley National Bancorp, a regional bank with approximately $32.5bn in assets, completed its acquisition of Oritani Financial, the holding company for Oritani Bank, a New Jersey state chartered bank, for $740m. “We are thrilled about this combination with Valley. The infrastructure that has been assembled at Valley over the past few years will enable our customers to access a substantial product offering while still receiving the local decision making and the exceptional service they have become accustomed to at Oritani,” Kevin Lynch, Oritani Chairman, President & CEO.

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