We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Valley National Bancorp | NASDAQ:VLY | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 7.50 | 6.84 | 8.31 | 0 | 09:00:00 |
From May 2019 to May 2024
The U.S. Treasury said Monday it has launched an offering of warrants to buy equity in Valley National Bancorp (VLY).
The secondary public offering of 2.5 million warrants for common stock of the Wayne, N.J.-based bank is part of Treasury's effort to recoup part of the $700 billion financial-sector bailout.
The department set a minimum bid of $1.70 per warrant. The auction will start Tuesday at 8 a.m. EDT and close at 6:30 p.m. EDT.
Treasury recently announced plans to sell warrants in six banks, including Valley National. The federal government received the warrants in 2008 when it provided support to about 270 banks through Treasury's Troubled Asset Relief Program.
Auctions have already been conducted for PNC Financial Services Group Inc. (PNC) and Comerica Inc. (CMA). The other three banks are Wells Fargo & Co. (WFC), Sterling Bancshares Inc. (SBIB) and First Financial Bancorp (FFBC).
-By Tom Barkley, Dow Jones Newswires; 202-862-9275, tom.barkley@dowjones.com
1 Year Valley National Bancorp Chart |
1 Month Valley National Bancorp Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
