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Valley National prices common stock offering


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Valley National prices common stock offering

Valley National Bancorp priced its public offering of 8,400,000 common shares, it said in a press release.

Keefe Bruyette & Woods is serving as the sole book-running manager for the offering. A spokesman for Valley National told S&P Global Market intelligence that the selling price to the underwriter was nonpublic information. The company expects to close the offering on Dec. 13.

Valley plans to use the proceeds for general corporate uses, including support for the continued growth of Valley National Bank's loan portfolio.