VLYPP 424B3: Acquisition

Filed with the SEC on · accession 0001193125-26-443865

VLYPP filed a 424B3 (prospectus (offering)) with the SEC on Nov 2, 2026. Valley National Bancorp will acquire Providence Financial Corporation in a merger where Providence shareholders receive $21.47 in cash plus 4.3854 shares of Valley common stock per Providence share, valued at approximately $83.08 per share based on Valley's October 26, 2026 closing price. The stock moved -0.3% by the first close after the filing.

Summary of the filing

Valley National Bancorp will acquire Providence Financial Corporation in a merger where Providence shareholders receive $21.47 in cash plus 4.3854 shares of Valley common stock per Providence share, valued at approximately $83.08 per share based on Valley's October 26, 2026 closing price. The transaction is subject to Providence shareholder approval at a special meeting on December 14, 2026.

Key details

Cash merger consideration per Providence common share$21
Exchange ratio (Valley shares per Providence share)shares 4
Total cash consideration to Providence holders$63.6M
Valley shares to be issuedshares 13.0M
Implied value per Providence share based on Oct 26, 2026 Valley price$83
Providence preferred stock redemption price per share$1K
AcquirerValley National Bancorp
TargetProvidence Financial Corporation
Target subsidiaryProvidence Bank & Trust
Acquirer subsidiaryValley National Bank

How VLYPP stock reacted

Close before

$25.00

Oct 30, 2026

First close after

-0.32%

$24.92

5 trading days

—

Since filing

-0.10%

$24.97

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Frequently asked questions

What did VLYPP file with the SEC on Nov 2, 2026?

VLYPP filed a 424B3 (Acquisition). Valley National Bancorp will acquire Providence Financial Corporation in a merger where Providence shareholders receive $21.47 in cash plus 4.3854 shares of Valley common stock per Providence share, valued at approximately $83.08 per share based on Valley's October 26, 2026 closing price. The transaction is subject to Providence shareholder approval at a special meeting on December 14, 2026.

What does a acquisition mean for VLYPP stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did VLYPP stock react to this filing?

VLYPP closed at $25.00 before the filing and $24.92 on Nov 2, 2026 (-0.32%).

Other VLYPP SEC filings

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