Valley National Bancorp completed the acquisition of Oritani Financial in a $740m deal.

Valley National Bancorp, a regional bank with approximately $32.5bn in assets, completed the acquisition of Oritani Financial, the holding company for Oritani Bank, a New Jersey state chartered bank, in a $740m deal. “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.