Announced
Completed
Financials
Tags
Majority
Private
bank holding company
Domestic
Friendly
Merger
Single Bidder
Acquisition
United States
Banks
Completed
Synopsis
Valley National Bancorp, a regional bank holding company, completed the acquisition of Westchester Bank Holding, the largest independent commercially focused bank headquartered in Westchester County, in a $210m deal. "We are thrilled about our new partnership with Valley and the opportunities for growth that it will provide for our employees and customers. The infrastructure and culture that has been built at Valley over the past few years will enable our customers to access a robust product offering while still receiving access to the local decision making and exceptional service they have become accustomed to at The Westchester Bank," John Tolomer, Westchester President and CEO.
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