Valley National (VLY) Reports In-Line Q2 EPS
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Valley National (VLY) to Acquire USAmeriBancorp for $816M
July 26, 2017 8:03 AM EDTIn a merger of two banks with a similar focus on personal service and community involvement, Valley National Bancorp ("Valley") (NYSE: VLY) announced today that it is expanding its Florida presence and moving into Alabama by acquiring USAmeriBancorp, Inc. ("USAB") (OTC Pink: USAB).
The companies have entered into a merger agreement in which the common shareholders of USAB will receive 6.1 shares of Valley common stock for each USAB share they own, subject to adjustment in the event Valley's volume-weighted average stock price falls below $11.50 or... More
