Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.


In the News Press Release

Day Pitney Represents Valley National Bancorp in $215 Million Stock and Debt Offerings

Publisher: Day Pitney Press Release
June 18, 2015

Parsippany, NJ, June 18, 2015 -- Day Pitney represented Valley National Bancorp in an issuance of a combined $215 million in preferred stock and debt.

Valley plans to use the proceeds general corporate purposes, potential strategic acquisitions and regulatory capital investments in its bank unit, Valley National Bank. The offerings are expected to close on June 19, 2015, subject to customary closing conditions.
Day Pitney also recently advised Valley in the acquisition of CNL Bancshares in Orlando, Fla., for $207 million in stock. This deal is expected to close in the fourth quarter.

Michael Rave and Ron Janis led the Day Pitney team, which also included Henry Ko and Kendall Wilson.

Related Professionals
New York, NY
Parsippany, NJ
T: (212) 297 5813
Parsippany, NJ
T: (973) 966 8123
Parsippany, NJ
T: (973) 966 8319
Parsippany, NJ
T: (973) 966 8070