Announced
Completed
Financials
Tags
banking products
Acquisition
Merger
United States
Banks
Public
Completed
Friendly
Single Bidder
Synopsis
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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